Transaction volume in key markets across Asia declined by 24 percent, year-on-year, in the third quarter this year, signaling that some property investors could be interested in other overseas markets.
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.
Hong Kong is no longer the most expensive for employees to live and work in, as London has overtaken the Asian city for the first time in six years in the ranking of the top 12 global cities.
Three strategies for managing risk and reward in Asia’s real estate market.
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.
Real estate insiders in Singapore are predicting the return of residential property launches in the country after a long hiatus.
Some top-tier cities in the Asia-Pacific region are not planning to ease restrictions in the residential property market any time soon, according to industry experts.
Dubai’s residential market witnessed a sharp decline in the first half of the year due to higher mortgage caps and steeper transfer fees that curbed buyer sentiment, according to a Knight Frank report.
The Taiwanese central bank has announced additional restrictions to the housing loan process in an effort to cool down the residential property market and reduce risks to financial institutions.
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.
The People’s Bank of China (PBOC) is persuading lenders and financial institutions to accelerate the housing loan process especially for first-home buyers to alleviate the cooling Chinese property market.
The Monetary Authority of Singapore (MAS) has cautioned Singaporeans on investing in foreign properties after seeing a spike in overseas investments in the last 18 months.
Trends and surprises in major markets.
In this weeks Market round-up: New borrowing limits take effect in Indonesia, home prices in the UK reach an all-time high, and Barclay’s forecasts steep price declines in Singapore.
Singapore Home prices would have gone gone up by an additional 9.3 percent in 2012 over 2009, had the government not stepped in to cool the market, according to real estate consultancy Savills. Speaking at an industry seminar organised by the Real Estate Developers’ Association of Singapore, Savills representatives said it was unlikely that policy [...]
Asia’s two key commercial hubs have the highest purchase costs in the world for non-resident buyers, according to the latest Knight Frank’s Global Development Insights Q2 2013.
Hong Kong Hong Kong’s financial Secretary has warned that interest-rate expectations in the US would gradually affect Hong Kong’s property market, following hints by the US Federal Reserve that it would taper its monetary stimulus. After the enforcement of the Double Stamp Duty in February and the Residential Properties (First-hand Sales) Ordinance in April, the [...]
Hong Kong Sales in Hong Kong’s property market remains sluggish, according to a report from Knight Frank. The real estate services company attributed the low confidence levels to a series of real estate cooling measures imposed by the government. Data from the Land Registry showed that residential transaction volumes slumped 28.1 percent month-on-month in March, [...]
The number of private home sales in Singapore last month fell by 65 percent month-on-month to 708 units, according to a recent report by PropNex Realty. However, officials at PropNex believe a lull in terms of new launches and transactions is not unusual given that February is a shorter month that includes celebrations for the [...]
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 [...]