Paola Navone-designed villas launch in Como, Phuket

COMO Hotels and Resorts, the owner of Metropolitan Hotel in Bangkok, has launched its Point Yamu Villas resort, the company’s maiden project outside the Thai capital. The 32-acre property in Point Yamu has twenty private villas featuring the contemporary designs of Paola Navone—the Italian designer who helped popularise the ‘shabby chic’ concept in the 1990s—and […]

James Packer’s Macau investment starts to pay off

James Packer’s Crown Resorts will earn a return on its investment in Macau for the first time, after its joint venture casino operator in the region, Melco Crown, said it would begin to pay a regular dividend. After its fourth quarter results for 2013, in which net income doubled to $US223.2 million, Melco said it […]

Rockefeller’s Firm Plans $2.5 Billion Vietnam Development

Rose Rock Group, a Rockefeller family-backed alternative investment management firm, will help develop a $2.5 billion residential and hotel project on the south-central coast of Vietnam. The Vung Ro Bay development covering 200,000 square meters (2.15 million square feet) will be developed with Vung Ro Petroleum Co., a Tuy Hoa, Phu Yen province-based oil company, […]

Singapore’s Tallest Building To House Clermont Hotel And Residences

Clermont Residence just launched atop Tanjong Pagar Centre, Singapore’s tallest building. The 181 apartments will begin at 180 m above sea level-and extend to the top floor at 290 m above sea level-and offer both sea and city views of Singapore. The 64-storey mixed-use tower was designed by Skidmore Owings and Merrill (SOM), with apartments ranging […]

Chinese Developer Buys Malaysian Land; Guangzhou R&F Will Pay $1.39 Billion for Six Parcels

SHANGHAI— Guangzhou R&F Properties Co. 2777.HK +1.38% has agreed to acquire six parcels in Malaysia for 4.5 billion ringgit ($1.39 billion), becoming the latest Chinese property developer to expand abroad. The company plans to build commercial and residential property on the freehold land, which covers approximately 116 acres (47 hectares) in Johor Bahru, south of West Malaysia, it said in […]

Hotel Boom in South Korea Sparks Concern

SEOUL—A record number of foreign tourists visiting South Korea in recent years has fueled in Seoul what property developers are calling the biggest hotel boom in the country’s history. But some industry participants say an overreliance on visitors from China and Japan leaves South Korea vulnerable to future overcapacity. South Korea has seen its international […]

Armani to Design Residences in Philippines

Giorgio Armani will help design properties in a luxurious new development in the Philippines. Part of the Century Spire development, which is set to open in 2018, the building is located in Century City, a group of skyscrapers in Makati, Philippines which also includes a Trump Tower, as well as the Milano Residences (which feature their […]

HK property: shifting sands

Tighter Fed vs growing China means a choppy market Anyone who bought into Hong Kong’s big property developers five years ago would have suffered sleepless nights at first – then enjoyed a stunning boom. The territory is both pegged to cheap US credit and geared to China’s growth. But if the era of an ultra-easy […]

Asian buyers face shortfall

State-owned Chinese property players are looking to follow a recent surge of south-east Asian investment in Melbourne’s commercial market, but they may be confronted by a shortage of quality assets, agents say. The heritage-listed Equity Chambers building at 472 Bourke Street was the latest development-ready property to change hands on Tuesday after being bought by […]

China Overseas Property Investment up 600 Percent

Overseas property investment by Chinese firms increased by 600 percent over the past three years as investors and developers looked for capital security and portfolio diversification outside China. Chinese firms increased their overseas real estate investment from $900 million in 2010 to $5.6 billion in 2012, according to research from Savills China. The move into […]

China to build artificial island for city that doesn’t exist

See Gallery for more photos Enveloped by a city that has yet to be constructed, Pingtan Art Museum will be the largest private museum in Asia. While economically depressed Europe relies on its long-established cultural attractions and ancient sites to attract tourists, China is building ever more daring developments that, for fans of extravagant architecture, […]

Apartments take Japan recovery to new level

IN another sign that Japan’s economic recovery is progressing — at some levels anyway — a developer has released what it says are the most expensive Tokyo apartments to hit the market since the global financial crisis. As debate rages about whether Prime Minister Shinzo Abe’s print-and-spend policies have Japan on the path to recovery […]

Kata Rocks nears completion

Situated on the favoured west coast of Phuket, The award-winning Kata Rocks Phuket is edging closer to its October 2013 completion date. An impressive collection of 34 luxurious oceanfront Sky Villas, every unit enjoys exceptional views of the Andaman Sea from a private infinity pools. With sleek louvres and tinted glass panels wrapped around a […]

CDL’s Lush Acres opens with strong showing

City Development Limited (CDL) sold 289 units, representing some 76 percent, during the launch of its latest development, Lush Acres, an Executive Condominium. Units come in three- to five-bedroom configurations with sizes starting from 915 sq ft for a three-bedroom apartment to 1,722 sq ft for a five-bedroom apartment. According to a company statement, the […]

High-end design in Niseko

Apex Property, a boutique Hong Kong developer founded by entrepreneurs Vicky Lam and Sylvia Tang, recently announced the launch of LOFT Niseko, an ultra-luxury development comprising four loft-style three-bedroom apartments in the top tier Japanese ski resort of Niseko. The new luxury serviced apartments will be launched on an invitation-only basis for the first season […]

Crown execs fly in for Packer’s Sri Lanka casino bid

Two of James Packer’s most senior executives have flown to Sri Lanka to argue for favourable tax and regulatory treatment for Crown Ltd’s proposed $US400 million ($448.9 million) Colombo casino. Crown chief executive Rowen Craigie and chief financial officer Ken Barton arrived in the island state’s capital on Monday to meet Sri Lanka’s Deputy Minister of Finance, […]

The Westminster Roppongi unveiled in Tokyo

Grosvenor Asia Pacific, the regional proprietary arm of the privately owned international property investment and development group Grosvenor, recently unveiled its latest residential project The Westminster Roppongi, an award-winning luxury apartment building located adjacent to Roppongi Hills in the heart of Tokyo. The project is the first in a new portfolio of properties to fall […]

Weekly market round up

Bangkok The residential market in Bangkok continues to expand in the second quarter albeit at a slower pace with 1,600 unit launches in the CBD vis-a-vis 3,000 units in Q1, according to data from DTZ Research. The data shows the revival of the areas along Chao Phraya river, particularly with the major launch of new […]

Sansiri goes to Singapore with Baan Mai Khao

Sansiri is currently promoting its newest condominium project to overseas buyers, starting in Singapore at the end of the month with a two day showcase of Baan Mai Khao Phuket at the St. Regis Hotel on 27-28 July. Baan Mai Khao Phuket is the first freehold beach condominium development in Thalang district, a beachfront community […]

Setting the Pace in Hua Hin

  Pace Development Corporation recently held a star-studded reception at Bangkok’s Grand Hyatt Erawan Hotel to unveil “MahaSamutr”, a high-end villa and Country Club development set around what will be Asia’s first man-made clearwater lagoon on Thailand’s increasingly popular Eastern Gulf coast. “Our commitment is to develop projects that are unique and original,” said Sorapol […]

Mammoth Empire Holdings launches RM4 billion Iskandar project

Mammoth Empire Holdings Sdn Bhd, the developer of Empire Subang, recently entered into a joint venture with Iskandar Investment Bhd to build a RM4 billion (US$1.25 billion) mixed use development in Iskandar Malaysia, reported local newspaper The Sun Daily. Construction on the project, to be located next to Legoland Malaysia is scheduled to begin in 2015 […]

Magnolias Ratchadamri Boulevard announces Thanachart Bank collaboration

Thai developer Magnolia Finest recently offered exclusive privileges to Thanachart Bank customers looking to purchase units at its latest luxury Bangkok-based project Magnolias Ratchadamri Boulevard. Current Thanachart customers will be accepted on any contract signing fee up to THB500,000 and also qualify for discounts of up to THB1 million when purchasing a property at Magnolias […]

Hi Life: Koh Samui’s INASIA villa

INASIA villa is rather unique on Koh Samui as it combines one beachfront and one garden villa on a private estate that boasts stunning sea views and is surrounded by landscaped tropical greenery. Each villa offers four air-conditioned bedrooms with ensuite bathrooms, its own spacious living, dining space and a fully equipped modern kitchen. Contemporary […]

Weekly Market Roundup

Bangkok Bangkok-based Onyx Hospitality Group is expanding its serviced residences brand, Shama, in China. The company has recently completed three new management contracts that will bring the high end serviced residences to Beijing, Chengdu and Guangzhou, adding to existing properties in Hong Kong, Shanghai and Dalian. Earlier, a contract was signed fro Shama Heda-Hangzhou, which […]

Singapore-based 8M Residences to launch

  Singapore-based 8M Residences is soon to be launched and is currently inviting potential buyers to register their interest. Situated on Margate Road in the city’s Meyer area, the freehold residences will spread over 20-storeys and comprise 68 residential units. The development spans more than 24,001 sq ft. Buyers will have a choice of one […]

Thailand’s Pace Development Corporation unveils latest development

Thailand’s Pace Development Corporation Plc today unveiled its latest project, MahaSamutr. Located in Hua Hin, the 120 rai, THB2.7 billion (US$87.7 million) project will comprise approximately 90 detached houses set around a 45 rai man made lagoon that is to be Asia’s first clearwater lagoon, framed by sand beaches in a resort like atmosphere. The […]

Singapore’s Liv on Sophia launches

Liv on Sophia, located in Singapore’s District 9, recently launched and is offering early bird prices to the first buyers. It is the last plot of freehold land on Adis Road. Formerly named Sophia Mansions, the 64-unit residence has been developed by RH Mount Sophia Pte Ltd and is due for completion June 30. Each […]

1Malaysia Development Board selects team to create plan to transform Kuala Lumpur

The 1Malaysia Development Board (1MDB) recently appointed a global team to partner with local planners to develop a plan in line with the national vision of making Kuala Lumpur one of the world’s top 20 most liveable cities by 2020. The team, led by global architecture, urbanism and design practice Broadway Malyan, is supported by design and […]

Weekly market round up- Thailand-Singapore-Malaysia

Thailand The person who invested almost half a billion baht in the Ritz-Carlton Residence at MahaNakorn did so because of the economic potential of Thailand and the project’s design and environmental features. Asgar S Patel, group chairman of India-based House of Patels made headlines in the beginning of the year as news broke he had […]

Activity in Singapore’s second neighbourhood

Situated in Singapore’s Tampines, Q Bay Residences is being developed by Quarry Bay Pte Ltd. The 630-unit residential development, launched in January, has already garnered significant interest from local investors. Upon completion, Q Bay Residences will comprise eight 16-storey blocks which will be divided into two blocks of suites (one and two-bedroom apartments), four blocks […]

Double luxury on the beach in Thailand

Koh Samui continues to set the standard for private holiday villas in Southeast Asia. The island’s modest size, proliferation of protected beaches and boutique approach to tourist services have made it a hit with luxury travellers from around the world looking for a sheltered, upscale retreat. A recent addition to the luxury villa landscape on […]

Weekly market review- Singapore Thailand Vietnam

Singapore In addition to the news of the record breaking tender out for the 7,900 square metre plot on Nassim road currently belonging to Wingtai chairman and managing director, Cheng Wai Keung, local news reported several mixed-use projects are to be launched in the island state in the coming months. According to Asia One, one […]

Jem® by Lend Lease is 100% Leased Ahead of Opening

Jem® by Lend Lease, Singapore’s 3rd largest suburban mall located in Jurong East, achieved 100% leased status for its 241 shops last week. The mall boasts a stellar line-up of fashion, beauty, food & beverage and lifestyle tenants which have chosen to locate their first suburban outlet in Jem®. These include international and homegrown brands such […]

Market Review; Thailand Malaysia Singapore

The HDB released its Resale Price Index (RPI) for the first quarter of 2013, this week. The RPI went up 1.2 percent to 205.4 points over the last quarter, the lowest quarter-on-quarter RPI growth since the first quarter of 2012. Commenting on the news, Mohamed Ismail, CEO of PropNex Realty said, “The HDB resale prices […]

E&O team up with Mitsui Residential for new KL development

Eastern and Oriental Bhd (E&O) have announced plans to enter a joint-venture partnership with Mitsui Fudosan Residential Co Ltd (Mitsui Residential) to develop The Mews Serviced Residences in Kuala Lumpur. Mitsui Residential is a subsidiary of Mitsui Fudosan Co Ltd, which recorded revenue of JPY1.338 trillion (US$14.007 billion) at the close of the last financial […]

Lend Lease Officially Begins Construction Work on INSEAD’s S$50 million Global Leadership Development Centre in Asia campus

Lend Lease last week officially began construction work of the new Leadership Development Centre for INSEAD, the leading international business school, on the school’s Asia campus in Singapore. The design of this new centre was conceptualised by Lend Lease, one of the world’s leading fully integrated property solution providers, who is also spearheading the construction. […]

From the Singapore Grand Prix, and Marina Bay Sands Integrated Resort in Singapore; to the Ritz Carlton in Dubai Chairman of Confluence, John Taylor talks about some of the challenges and successes in delivering high profile projects around the globe

From the Singapore Grand Prix, and Marina Bay Sands Integrated Resort in Singapore; to the Ritz Carlton and Index Building in Dubai; the World Trade Centre in Jakarta; Mandarin Oriental in UK; Chairman of Confluence, John Taylor talks about some of the challenges and successes in delivering high profile projects around the globe. MP: Can […]

Hillion Residences launched in Bukit Panjang

The first mixed-use development in the west – Hillion Residences – was launched by property developer Sim Lian on Thursday. The 99-year leasehold private condominium in Bukit Panjang integrates residential living with a retail mall and an air-conditioned bus interchange. It will also be linked to the existing LRT station and upcoming Bukit Panjang MRT […]

New condo launches see positive demand

Recent condominium launches have yielded positive response, with an analyst attributing the strong demand to fears among some buyers of another round of property cooling measures. There were six condominium launches this month. At Hillion Residences, located at Bukit Panjang, more than 50% of the 250 units released in its first phase have been sold. […]

Christchurch needs over 36,000 new houses

The pressure on Christchurch’s housing market should ease within the next three years with an expected 30,000 sections coming on the market. Another 12,000 sections are expected to be available over the following 12 years, potentially providing the earthquake-hit region with about 42,000 more homes by 2028. However, the current rate of conversion of land to […]

This Futuristic Korean Real Estate Project Is On The Verge Of Collapse

The “Dream Hub” in Seoul was supposed to be a “city within a city” — home to a dozen skyscrapers, waterfront parks, and business and residential facilities. But the $28 billion project, officially called the Yongsan International Business District, is on the line after developers defaulted on a major loan repayment amid a real estate slump, AFP reports. We […]

Mandarin Court, Beijing

Located at Chang’an Avenue, adjacent to Tiananmen Square, the Forbidden City and CBD, Mandarin Court is within easy reach of other business districts. The project is designed by well-known Chinese architects Lee Weiming and Steve Leung who took inspiration from Chinese jade and European fabric to create the perfect combination of light and space, and […]

H.K. Weekend Property Sales Fall on Doubled Stamp Duty

Residential property sales in Hong Kong fell after sales tax was doubled on property costing more than HK$2 million ($258,000), according to Midland Holdings Ltd., the city’s biggest publicly traded realtor. Secondary sales for the 15 most popular housing estates fell 15 percent this weekend from the previous weekend, according to Buggle Lau, Midland’s chief analyst. Hong Kong’s government […]

Demand for high-end property to drive Jakarta’s condominium sector

2013 is expected to register positive growth in Jakarta’s property market according to a recent report by real estate management firm Jones Lang LaSalle. Jones Lang LaSalle expects a gradual increase in market occupancy in 2013, which should be followed by steady rental growth in the range of 14-15 percent year on year. Growing demand […]

OMA wins competition for second Shenzhen skyscraper

Rem Koolhaas’ OMA has won a competition to design a financial office tower in Shenzhen, China, the firm’s second building in the city after the soon-to-completeShenzhen Stock Exchange. Located in the city’s business district, the 180-metre Essence Financial Building will be cut into two by a large outdoor terrace that will slice horizontally though the facade […]

Brookfield Multiplex appointed to redevelop Stockland Wetherill Park Shopping Centre

Stockland has appointed Brookfield Multiplex, a leading global construction and contracting business, as the preferred contractor for the $125 million redevelopment of the Stockland Wetherill Park shopping centre in South West Sydney. Located at 561-583 Polding Street, Stockland Wetherill Park is situated approximately 35 kilometres from the Sydney Central Business District and just 10 kilometres […]

Ralph Lauren Thai Condos Could Fetch Record Prices

A Ralph Lauren-branded development is predicted to be the priciest condominium project in Thailand, reported OPP Connect. Thai property developer Sansiri plan to launch The Stable on a two-acre site at Wireless Road, Bangkok. One property blog suggests the property could be worth THB5000 million (US$167 million) and will be targeted at wealthy Thai and […]

Chinese Government and JV partner TAK Group involve horse racing juggernaut Coolmore in £2.6 billion equestrian development

Attracting a glittering international crowd of horse racing royalty, breeding aficionados, private equity groups and billionaires, the annual Karaka Millions races and New Zealand Bloodstock 2013 Premier Sale wrapped up yesterday with 323 of the 441 catalogued lots sold for $51,051,500. The highest sale yesterday was to Melbourne trainer Peter Moody, who bid $775,000 for […]

The Oriental Residence – Bangkok

ONYX Hospitality Group, renowned for their management of Amari chain of hotels, has launched a new luxury residences project. Located on Wireless Road, the iconic 32-storey building comprises 46 private ownership units on the upper floors with a private top floor swimming pool and deck, along with 145 serviced residences. The artistic direction for Oriental Residence […]

Tough times for Singapore developers

The government in Singapore are standing firm on the rule that all units in projects with any foreign ownership must be sold within two years of receiving its Temporary Occupation Permit (TOP). This statement was made despite the efforts of developers to extend the time frame, according to The Business Times. The Real Estate Developers’ Association […]

Property developers to get creative – Singapore

Property analysts said developers will have to get more creative in order to move sales after the introduction of new cooling measures recently. One developer told Channel NewsAsia that it is planning to complete its condominium project a year ahead of schedule to entice buyers. To date, 380 of the 500 units launched at La […]

Hong Kong PSi Tower by Michael Young

British Hong Kong based designer Michael Young has been commissioned to develop building project strategies for Wanchai Cultural District. The first concept PSi Tower has been developed as an office complex with luxury apartments for business users and executives overlooking Kowloon district. Conceptually the project, based visually on the essence of ancient Chinese building techniques, has been […]

CREDIT SUISSE MARKET REPORT AND DEVELOPMENT OUTLOOK SINGAPORE 2013

After enjoying steady growth in their property market, Singapore’s government has decided to implement their seventh cooling measure for the residential sector. The Credit Suisse Equity Research report released on Monday states that these measures may come as a surprise to the market and to ‘expect a knee-jerk pull-back in developers’ stock prices’. In 2012 […]

URA to review policy allowing developers to sell off free spaces for more profit: Khaw

SINGAPORE: National Development Minister Khaw Boon Wan has asked the Urban Redevelopment Authority (URA) to review and fix the policy allowing developers to sell off free spaces to make additional profit for themselves. He said this in a blog post, “Who Gets Short-Changed?”, on Monday, on the heels of recent launches of executive condominium (EC) […]

The Changing Face Of Thailand’s Property Market

Property prices in Thailand are anticipated to grow by 5-10 percent in 2013, with condominiums in the THB0.8-3 million (US$26,000-98,000) price range still occupying the biggest share of the market, according to the Bangkok Post. Positively, Anukul Ratpitaksanti, deputy managing director for asset management at Plus Property, said, “In 2012, Thai real estate saw significant growth […]

Echelon: 80% (200) of launched units sold on first day to market

A new private condominium project located in Alexandra View, Echelon, has seen strong sales. Its developer City Developments Limited (CDL) said 80% of the units launched have been snapped up on the first day preview of the project. In a statement, CDL said that as at 4pm on Friday, 200 out of 250 launched units have […]

Singapore, District 4 residential apartment sales and development update December 2012

Investors are turning their attention again to developments in District 4, especially the Telok Blangah and Keppel Bay neighborhoods. With the construction of the 1,040-unitThe Interlace at an advanced stage, buying interest has also picked up. Developed by a CapitaLand-led consortium and designed by world-class architect Ole Scheeren, the project is a redevelopment of the former Gillman Heights, a privatized HUDC […]

KK100, currently the tallest building in Shenzhen completed in 2011

The 442-metre Kingkey 100 skyscraper designed by architects Farrells, currently the tallest building in Shenzhen and tenth tallest in the world. Top: photograph is by Jonathan Leijonhufvud Completed at the end of 2011, the financial office tower was designed with a curving glass body and pointed tip. The curtain wall facade curls up at the base of the building […]

China-Worlds tallest building will be constructed in 90 days

News: construction is set to begin next month on the world’s tallest building in Changsha, China, which will be completed in just 90 days. Construction firm Broad Sustainable Building (BSB), a subsidiary of China’s Broad Group, has corrected earlier reports that its 220-storey Sky City tower would take seven months to complete, telling ConstructionWeekOnline that the skyscraper will be finished at the end […]

Hong Kong Housing Troubles Unlikely To Impact Singapore

The recent property cooling measures introduced in Hong Kong are unlikely to have an impact on Singapore property prices. Experts said foreign property investors would not switch their portfolio from Hong Kong to Singapore. Besides being leading international financial centres, both Singapore and Hong Kong hold some of the world’s most expensive homes. Hong Kong […]