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.
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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.
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 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.
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.
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.
International property consulting firm JLL looks to expand its residential business in Southeast Asia with the opening of its latest office in Kuala Lumpur.
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.
Several Asia-based property firms are mulling global expansion by targeting regional and foreign markets.
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.
UMLand Bhd of Malaysia and Asset Homes of India are expanding their operations overseas by launching new offices in Singapore and Dubai, respectively.
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.
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.
India’s top residential and commercial properties will take centrestage at the upcoming Indian Property Show, which opens in Dubai on Thursday, 12 June.
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Chicago-based real estate network Luxury Portfolio International recently set up a corporate office in Singapore to extend its coverage to established and emerging Asian markets.
Affluent Indians on average invest about 44 percent of their wealth on properties, much higher than global average of 24 percent, according to research by Knight Frank.