BPO is driving real estate growth in the Philippines and Asian buyers turn from Sydney and Melbourne to smaller Australian cities in this week’s Market round-up.
The Komune Resort in Coolangatta, Queensland has been put on the market to further expand the Komune brand globally and attract more investors in key beachfront locations.
An influx of new projects in Melbourne, Australia’s second largest city, is raising questions about long-term sustainability.
Global investors are eyeing the Australian commercial property sector for its strong investment fundamentals, a falling dollar, strategically targeted taxation concessions and a reduction in domestic competition for primary assets.
A heritage residence known as Bishopscourt in Sydney’s Eastern suburbs was recently put on the market and is expected to draw keen interest from domestic and international investors.
Investors as well as owner-occupiers are tipped to flock to a new A$32 million (US$29 million) boutique apartment development in Northbridge, Perth amid predictions the area is set to enjoy strong growth.
Leading Australian property firm Crown Group’s latest Sydney development attracted more than US$20 million in apartment sales in Hong Kong and Singapore during the launch earlier this month. “It is encouraging to see such a strong response to Crown Group’s apartments from buyers in Singapore and Hong Kong,” said Crown Group CEO Iwan Sunito. ”They want [...]
Shane Warne has put his heritage-listed mansion up for sale in Melbourne, Australia with an asking price believed to be about US$15 million. The house unofficially went on the market last August, but estate agent Jonathan Dixon from JP Dixon has confirmed the Brighton home is now officially listed for sale. “We are now getting [...]
Nathan Tinkler is putting his US$5.2 million Queensland, Australia estate up for sale. It will go on auction June 15. The former billionaire coal tycoon Tinkler is currently facing severe financial fallout as liquidators of his company Mulsanne Resources are suing him. He’s been forced to sell off other assets including his horse racing empire. [...]
The global economy has propped up luxury homes and given them safe haven status among the world’s super rich. In 2012, just over a quarter of high net wealthy individuals factored in their main residence and second homes to store wealth in tangible assets and this trend is expected to increase as they add to their residential portfolios in 2013.
The property markets in Greater Kuala Lumpur and Iskandar Malaysia are expected to generate more sales in the next year, particularly from Singaporean investors, reported FMT News. The recent announcement of infrastructure developments that will reduce travel time between Malaysia and Singapore is fuelling sales, according to property consultants at Knight Frank Malaysia. Iskandar would [...]
Overseas property firms are taking advantage of the cooling measures recently introduced in Singapore and Hong Kong, reported the South China Morning Post. The latest round of cooling measures were introduced to curb the high demand for property. Authorities doubled the stamp duty in Hong Kong as well as tightening mortgage restrictions, and Singapore’s government [...]
SilverNeedle Hospitality (SNH) recently announced plans for the development of a mixed-use project in Sri Lanka’s capital city, Colombo. SNH, based in Singapore, are collaborating with Sri Lanka-based ABANS Group as part of a joint venture partnership. Situated in Colombo’s central business district, the development will comprise a 200 room NEXT Hotel, a four-storey lifestyle [...]
Various Melbourne-based real estate agents have signed up for a new translation service, which transforms their listings into audio-visual presentations that can be heard in various Asian languages. This move comes alongside growing demand for Australian real estate from Chinese and other Asian buyers, reported Property Observer. The automated service takes images and editorial provided [...]
According to the most up-to-date survey of global house price movements by Global Property Guide, there is both good and bad news according to figures based on the world’s housing markets during the full year up to quarter three, 2012. With the majority of the bad news focused on Europe, the scale of the European [...]
Malaysian property developer SP Setia Bhd is seeking to expand its property investment portfolio in Australia, said its president and CEO Tan Sri Liew Kee Sin. The Sun Daily reported the group was also interested in expanding its footprint in the UK and China amid its venture in the development of the China-Malaysia Qinzhou Industrial [...]
Jones Lang LaSalle’s market experts have shared their expectations for the office leasing markets in Asia Pacific in the second quarter of 2012. In the markets that were experiencing office rental declines in previous quarters, the teams are anticipating a slowdown in the rate of decline, for example a three to four percent fall in Grade A office rents this quarter in Hong Kong compared to an actual 6.3 per cent decline in the first quarter.
According to a recent press release by Optimizer Capital, South Australia, on a risk adjust basis, represents one of the best property investments of the next 10 years.
Foreign developers made up about 30 per cent of the Australian market last year, and China took up 9 per cent of that – an increase over previous years. The China Daily News reported that more than 1,200 apartmentswere either planned, being marketed or were under construction by Chinese companies in Australia in the fourth [...]
Asian property developers are being draw to Australia’s second most populous city, Melbourne due to growing opportunities.