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Billionaires spend USD94 million each on real estate, says census

Billionaires spend USD94 million each on real estate, says census

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.

Asian investors splash out on international property acquisitions

Asian investors splash out on international property acquisitions

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.

Indian companies team up with Southeast Asian firms for new projects

Indian companies team up with Southeast Asian firms for new projects

Two India-based companies recently announced their partnership with Southeast Asian firms to collaborate on real estate and infrastructure projects around the region.

Lifestyle developer unveils next phase of The Peak in Iskandar Malaysia

Lifestyle developer unveils next phase of The Peak in Iskandar Malaysia

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.

APAC luxury markets witnessed somber activity in Q2 2014

APAC luxury markets witnessed somber activity in Q2 2014

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.

Foreign investors set sights on India’s property market

Foreign investors set sights on India’s property market

International property investors are capitalising on India’s new regime’s policies to pursue various real estate ventures in the country.

Donald Trump sues to remove Trump name from rundown properties

Donald Trump sues to remove Trump name from rundown properties

Real estate tycoon Donald Trump is fighting to stop allowing an Atlantic City hotel and casino operator to use his name in two decaying properties.

Exclusive interview: Drive, ace, Trump

Exclusive interview: Drive, ace, Trump

The real estate icon’s grand slam approach to winning.

California named top overseas property destination for Chinese buyers

California named top overseas property destination for Chinese buyers

Chinese investors who buy residential real estate abroad have picked the Golden State as their favourite investment destination in the United States, according to Washington, DC-based National Association of Realtors.

Australian real estate giant buys into Southeast Asia’s iProperty Group

Australian real estate giant buys into Southeast Asia’s iProperty Group

Australia’s REA Group, operator of the country’s largest online property portal, has purchased a 17.2 percent stake in Kuala Lumpur-based iProperty Group for AUD106 million (USD100 million).

Indonesia named most efficient emerging market in Asia-Pacific

Indonesia named most efficient emerging market in Asia-Pacific

Indonesia leads the Asia-Pacific region as the most efficient and transparent developing commercial real estate market, says New York-based real estate brokerage and consulting firm Cushman and Wakefield.

UAE market anticipates growth amidst warnings of potential bubble

UAE market anticipates growth amidst warnings of potential bubble

Despite calls from the International Monetary Fund (IMF) to advance measures to prevent a property bust, the United Arab Emirates real estate continues to grow as developers remain bullish on the market.

London edges out Bangkok as world’s top destination city

London edges out Bangkok as world’s top destination city

With an 11 percent year-on-year decline in tourist arrivals, Bangkok has been surpassed by London as the most visited city for international travellers.

JLL opens new office in Malaysia

JLL opens new office in Malaysia

International property consulting firm JLL looks to expand its residential business in Southeast Asia with the opening of its latest office in Kuala Lumpur.

Infrastructure drives up real estate potential in APAC cities, says Knight Frank

Infrastructure drives up real estate potential in APAC cities, says Knight Frank

Improvements in transport infrastructure are driving up the residential real estate potential of several key cities in the region, according to the Asia-Pacific Residential Review June 2014 by Knight Frank.

Asian firms gear up for global expansion

Asian firms gear up for global expansion

Several Asia-based property firms are mulling global expansion by targeting regional and foreign markets.

Danube Properties unveils debut project in the Middle East

Danube Properties unveils debut project in the Middle East

Dubai-based building materials supplier Danube Group is making its foray in the real estate sector with the announcement of its newest, wholly-owner property arm, Danube Properties.

Malaysian and Indian developers target overseas investors

Malaysian and Indian developers target overseas investors

UMLand Bhd of Malaysia and Asset Homes of India are expanding their operations overseas by launching new offices in Singapore and Dubai, respectively.

Indian investment in prime London property soars

Indian investment in prime London property soars

The London property market is set to welcome an influx of wealthy Indian investors in the coming months, according to a recent report by Wetherell, a Mayfair-based agent.

Foreign investor interest in ultra-prime London properties dwindling

Foreign investor interest in ultra-prime London properties dwindling

Fewer foreign investors appear to be investing in ultra-prime central London real estate market as British buyers dominate the segment, according to global property services firm Knight Frank.