Ciaran Caulfield is the owner and developer of several private villas on Bali. He was in the property development and healthcare business in Ireland, but left the group he established in 2005 to focus on Asia and in particular, Bali. He owns and runs Villa Kubu, a lovely cluster of 15 villas in Seminyak, but the luxe crown goes to the smaller, 3-villa cluster of Lataliana, and I was lucky to experience the jewel in that crown — the 5 bedroom villa.
Empire East, an affiliate of the Philippine’s largest developer, megaworld corporation, is now pre-selling its newest development, San Lorenzo Place. The 475-unit complex boasts three floors of retail, restuarants, direct connection to the MRT-3 Magallanes Station, and open space, all in the heart of Makati, Manila. Property
e Star reported that various real estate investors from the far east have been mislead by different London developments in terms of what the residences actually offer.
Property developer SC Global Developments has launched a high-end apartment at The Marq on Paterson Road in Singapore.
After the recent Phuket earthquake, properties owners are being urged to carry out property inspections to ensure safety.
According to Jones Lang LaSalle, while most luxury resort and residential properties in Phuket are believed to be constructed to a high standard, an initial inspection of structural members of the building, including shear walls, beams and columns, should be done. Any major damages and cracks which are greater than 2-3 mm wide should be looked into to ensure safety.
ABS-CBN News reported that property developer Megaworld Corp. is allocating P25 billion (US$585.75 million) for its capital expenditure this year to develop new and ongoing projects.
Megaworld senior vice-president Kingson Sian said this year’s capital budget is roughly the same amount spent in 2011.
A new property tax is set to be introduced in Cambodia with the formation of a property evaluation committee that will begin operating in early 2011.
The complex nature of the Pattaya property scene has changed radically since the halcyon days of 2007. Back then is was the high profile developments which took centre stage. But the question remains as to whether international developers overestimated the potential of the market ?
Listed developer attributes its rise in net profits to transfer of completed units, a reduction of its sales and admin expenses and the government’s business tax reduction measures.
More than 40 developments from Bangkok, Pattaya and Hua Hin were attracting the interest of buyers and investors at the 10-day event. Developers expressed satisfaction with levels of interest and transactions.
DTZ reports that an economic recovery will provide opportunities for developers to launch new projects as buyers return to the market.
Thailand’s Quality Houses, the kingdom’s third largest developer, sees rising demand and plans to launch 13 new projects during 2010.
With the State Bank of Vietnam tightening credit, especially to the property sector, real estate developers have begun to issue bonds to raise funds. But risks remain and bonds remain largely unattractive to foreign investors.
The Samui property market has managed to avoid total meltdown thanks to a strong and diverse regional investment network. Physical and financial connections with Hong Kong and Singapore have continued to drive the private villa market.
The luxury property market in India is booming as buyers wait in line for popular properties. As the market rebounds builders have started construction at projects that had previously been held at the planning stage.
In a rapidly developing Indian city like Pune, it takes a lot to make a new destination stand out from the crowd. Now it’s the turn of the previously obscure area of Ravet to receive a wave of the real estate magic wand.
Thanasiri Group sets a price of Bt1.75 for its Initial Public Offering. A total of 50 million shares will be available, half to members of the public. The company will become the first property developer to list on Thailand’s Market for Alternative Investment.
After more than a decade of consistent growth, Thailand’s largest property developer Land & Houses expects revenue to stagnate in 2009, as the economic downturn weakens consumer confidence and purchasing power.