All Entries in the "Uncategorized" Category
Expert reacts to joint planning initiative launched by Abu Dhabi and Singapore
The Abu Dhabi Urban Planning Council (UPC) has signed a Memorandum of Understanding (MoU) with Singapore’s Urban Redevelopment Authority (URA) to gain and share first-hand experience on urban planning strategies, methods and best practices. The MoU formally sets out a framework for the exchange of information and experience between the UPC and URA and under [...]
Foreign ownership in Indonesia could mean property growth
President director of PT Ciputra Property Tbk, Candra Ciputra, said Indonesia’s property could grow three-fold if foreign ownership is increased by 100 per cent. He also stated that the regulation on foreign property ownerhsip must be definite.
Indonesia reviews REIT application, five years after legislation implementation.
Indonesia, the most populous Muslim country, has the potential to have a very large REIT market, according to Abas A Jalil, chief executive officer at Amanah Capital Group Ltd.
He said: “What Indonesia needs now are clear guidelines and more information to see REITs begin to grow,” reported Jakarta Globe.
Presently, Indonesian REITs are superseded by Singapore, which has 24 REITs and Malaysia, having 13; including two Islamic trusts.
Philippine real estate supplies market demand
The World Bank has reported a shift toward non-bank financing in the Philippines which has required careful monitoring of the developer’s exposure.
Inquierer.net has reported the Philippine real estate market as possibly facing oversupply risks. While the market is generally stable, the Philippine Institute for Development Studies states that “ownership of dwellings and real estate has been growing steadily at high single-digit rates from 2006 to 2011 except for a relatively low 1.4 per cent growth in 2009.”
Cooling measures to hold off buyers, according to CapitaLand
Due to the most recent property cooling in Singapore, buyers are waiting anywhere from five to six months to invest in Singapore’s property market. According to Liew Mun Leong, CapitaLand’s president and CEO, his company suffered a total of 26 per cent shrinkage in net profit. Nevertheless, Leong raked in a total of S$1.35 (US$1.07 [...]
New year plans for Land & Houses
Land & Houses will focus on purchasing land for residential projects next year, says senior executive vice president, Adison Thananun-Narapool. The conpany also plans to issue debentures worth THB6 billion (US$193 million), set up a property fund worth THB3 billion (US$96.5 million), spend less on projects and improve its debt-to-equity ratio from 0.85 to 0.8 [...]
Luxury condo prices up more than 10 per cent in Bangkok
Despite the fact that only 17 per cent of luxury condo projects surveyed last year in inner Bangkok were sold, prices per square metre were up 11.5 per cent. A survey of luxury developments in Phloenchit, Chidlom, Pathumwan and Ratchathewi in December showed prices have risen to THB145,000 (US$4,631) per metre, according to real estate [...]
