The search for international residential properties by Chinese investors has recently expanded to the United Kingdom’s prime regional markets, according to global real estate advisory firm Savills.
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.
An influx of wealthy Chinese investors from Mainland China, Hong Kong and Taiwan are hoping to boost the real estate markets in United States and Japan by purchasing high-end and luxury properties.
Several Asia-based property firms are mulling global expansion by targeting regional and foreign markets.
UMLand Bhd of Malaysia and Asset Homes of India are expanding their operations overseas by launching new offices in Singapore and Dubai, respectively.
A historic nine-storey penthouse apartment at New York City landmark Woolworth Building is being offered for sale for USD110 million, a record for lower Manhattan.
A six-bedroom property in Sydney became this year’s most expensive Australia home sale after being acquired for an estimated AUD30 million (USD27.79 million).
Affluent investors from the United Arab Emirates, Singapore and China are heading overseas as Asian interest in foreign properties continues to rise.
Foreign investment in Spain’s residential market reached EUR6.45 million (USD8.95 million) in 2013—the highest in nine years—whilst domestic buyers struggle to purchase houses in their homeland.
Ayala Land Inc, a leading Philippine real estate developer, has opened its newest office on Des Veoux Road, Central Hong Kong to attract more offshore buyers for its high-end residential projects.
Early analysis suggests that foreign buyers are scooping up less of Singapore’s real estate in the new year. A caveats analysis by DTZ Research shows that the foreign buying share increased to 23 per cent in December, from 16 per cent in November, but early January estimates show the share slipped to just 3 per [...]
A surge in interest from Russian buyers and expats working in Hong Kong and Singapore has seen property sales in Phuket speeding up. While buyers from more traditional markets such as the UK are still feeling the sting of the global financial crisis, these new customers are picking up the slack, according to the Bangkok [...]
The market for condos in Pattaya is seeing a resurgence lately from both Thai and foreign buyers, and is now adding another name to its register of local celebrities: snooker legend Jimmy White. White, winner of 23 professional titles and frequent visitor to Pattaya, has recently purchased a unit at The Palm Wongamat Beach, a [...]
An Australian government crackdown on non-Australians who attempt to buy property contrary to investment rules has blocked 15 property sales since it was announced nine months ago, the Age newspaper has reported. The Department of Treasury said an additional 73 proposed residential property sales were withdrawn voluntarily since former assistant treasurer Nick Sherry announced a [...]
Restrictions on foreigners buying real estate property in Beijing were called off as Beijing introduced a slew of measures Friday to revitalize the sluggish property market.