According to CBRE’s ‘The New Age of the Asia Pacific Retail Market’ report, strong economic growth and increasing purchasing power of the middle class have fuelled the retail real estate sector in the region.
Global celebrities are lending their star power to luxury residences around the world.
News Corp recently announced that it had acquired a 25 percent stake in India’s PropTiger.com, one of the country’s top real estate marketing portals, for USD30 million.
More and more international investors from Asia are targeting regional markets.
Complete with its own private beach and sweeping vistas of the Gulf, this flamboyantly renovated villa in one of Dubai’s most exclusive enclaves is home to a fashion industry powerhouse.
Overseas investors and property buyers are still being lured by the luxury properties in the United Kingdom, which is closely approaching the May 2015 election period.
Prices in the luxury segment in key 33 cities around the world only increased by 0.2 percent in the last quarter, which is traditionally considered a slow sales period, according to Knight Frank’s Prime Global Cities Index report.
The Indian government last week relaxed the rules on foreign investment in construction, which will likely aid in the revival of the country’s property sector.
Asia Pacific will soon have more high-net-worth individuals (HNWIs) than North America with their investment in real estate being a key factor increasing their wealth, according to data expert Capgemini and RBC Wealth Management.
It was a meeting of minds when Thai and Indian landscape architects held a panel discussion in Bangkok last Friday with all agreeing that enforcement of current and future regulations would ensure greener environment in both countries.
Young adults residing in key Asia Pacific cities are struggling to stay afloat as they move up to assume key positions across the world and eventually drive the global economic engine, according to analysts.
Mumbai’s real estate market is likely to shake off the blues over the next few weeks helped by Indian Prime Minister Narendra Modi’s sharp moves to repeat his economic success in his home state Gujarat across the nation, and an upcoming festival.
With a reported 30.4 percent increase in real estate investments last year, the Japanese city was recently named the biggest commercial property market in Asia.
One of India’s largest developers, Lodha Group, recently announced that it would be investing an estimated GBP3 billion (USD4.86 billion) to cement its presence in prime central London.
A typical billionaire spends an average of USD94 million, or 3 percent of their total net worth, on real estate, according to the latest Billionaire Census from Wealth-X.
As some Asian markets experience temporary slump in their domestic property sectors, several offshore investors from the region continue to splurge on real estate purchases around the globe.
Two India-based companies recently announced their partnership with Southeast Asian firms to collaborate on real estate and infrastructure projects around the region.
Malaysian niche developer Gabungan AQRS Bhd has announced the second phase of its The Peak luxury condominium development after receiving approval from Iskandar’s local council.
Several luxury residential markets in the Asia-Pacific region experienced a sales slump in the second quarter, causing price growth to stall in certain cities, according to property consultancy firm JLL.
International property investors are capitalising on India’s new regime’s policies to pursue various real estate ventures in the country.