Jan 3rd, 2017
Private residential property index in Singapore went down 0.6 point to 137.3 points in the last quarter of 2016 from 137.9 points in the third quarter. This represents a decline of 0.4%, compared with the 1.5% decline in the previous quarter. For the whole of 2016, prices have fallen by 3.0%, compared with the 3.7% decline in 2015, flash data released by the Urban Redevelopment Authority (URA) today showed ...
Nov 7th, 2016
Asia Pacific’s commercial real estate market stabilised in the third quarter, declining by a marginal 1.1% year-on -year in the quarter, with USD 30.4 billion of income-producing investments were recorded in the July to September quarter. Development site sales, a key aspect of the Asia Pacific real estate universe, reached USD76.3 billion in the quarter...
Oct 17th, 2016
While Hong Kong residents are generally happy with their neighbourhood, about one third says Hong Kong did not provide good quality of life, a survey sponsored by UK property company Grosnevor pointed out ...
Nov 15th, 2016
Oct 3rd, 2016
As much as it is still yet to be clear of China's property market's heading direction, but one thing is certain, that is the government, from central to local, are ramping up effort to roll out new property purchasing rules ... ...
Sep 19th, 2016
Luxury residential markets in selective markets in the region saw limited gains in prices in the second quarter this year. Of the eight featured markets covering China and South East Asia, only Beijing and Manila saw price growth more than 1% quarter on quarter, according to property agencies research ...
Oct 4th, 2016
The private residential property index fell 2.1 points to 137.9% in the third quarter from 140.0 points in the second. It represents a decline of 1.5%, compared with the 0.4% decline in the previous quarter, according to the Urban Redevelopment Authority (URA) flash estimate of the price index for private residential property for the third quarter ...
Sep 9th, 2016
Joy City Property, the commercial property developer spin-off of China's COFCO group, claims China's first property-backed fund. The company said it would dispose a 49% equity interest of its three subsidiaries in six mixed-use commercial property projects to a fund established and managed by the company for a cash consideration of approximately RMB 9.3 billion... GIC and China Life through subsidiaries invested in the fund...
Aug 14th, 2016
Increasing concerns over the underlying economic, political and financial environment are hurting Asia Pacific property investment volumes, Real Estate market research firm Real Capital Analytics (RCA) said. The latest research report by the research firm said that income-producing investments fell 48% year on year in the second quarter this year in the Asia Pacific region. Development sites, however, saw a burst of activity and were up 47% during the same time period.
Aug 10th, 2016
Despite a challenging market, Hong Kong’s biggest shopping mall landlord Wharf Holdings reported company core profit increased 14% to HKD 5.97 billion for the first half ended June. Core profit from investment property sector increased by 11% to account for 78% of the total
July 30th, 2016
Transaction prices and rentals of office and retail properties in Singapore continued downwards trend in the second quarter when compared with those in the first quarter, latest data released by Singapore's urban land authority reveals.
But maybe good time to enter the market is emerging
July 22nd, 2016
Overall prices of private residential properties in Singapore decreased 0.4% in the latest quarter ended June from the previous quarter, prices fall slowed while vacancy rate picked up ...
Department Store Operator Lifestyle lists China Spin-off
July 16st, 2016
Department store operator Lifestyle International, owner of two SOGO stores in Hong Kong, listed its China department stores in Hong Kong as Lifestyle China. Debut today, Lifestyle China is the operator of department stores operates Shanghai Jiuguang, Suzhou Jiuguang and Dalian Jiuguang “lifestyle” department stores in the mainland China. The company management said...
Singapore's Private Residential Property Index Fall Slowed
July 1st, 2016
Singapore's private residential property index fell 0.6 point to 140.0 points in the second Quarter from 140.6 points in first quarter, flash estimate released by the Urban Redevelopment Authority (URA) today reveals. This represents a decline of 0.4% by quarter-on-quarter basis, slightly slower than the 0.7% decline in the previous quarter.
June 28th, 2016
Facing a slowing down economic environment, a group of Chinese real estate developers started to seek new way to defy the slowdown, as some of them seeks to diversify away from pure traditional real estate development business, some may have found a quicker way
Hong Kong Property Transaction Dived in H1
July 7th, 2016
The total agreements for sale and purchase of building units in Hong Kong ended at 26,571 in the first half this year, the total transaction number is 18% lower than the second half last year's 32,523 and 39% lower than the first half last year, according to the latest data released by the government ...
April 4th, 2016
Total property transacted area in Shanghai fell 60.44% in the first week after the property market cool measures taking place, average sale price drop 3.42% week on week, according to data released by the local property agency. In the meantime, cities surrounding the tier-1 cities, transactions jumped up more than 60% during the same week.
Listed Developers Hands In 2015 Profits Sheets
Mar 10th, 2016
Wheelock and Company, one of Hong Kong top five property developers, reported operational profit for 2015 boost up 27.5% to HKD20.05 billion(USD2.58billion) from a year ago. Total contracted sales amounted to HKD 12.9 billion, of which 50% came from residential and 50% came from commercial. Residential projects generated HKD 6.5 billion in sales for the year.
Jan 22nd, 2016
Keppel Corp, the holding company of one of Singapore’s biggest property developers Keppel Land, reported its net profit for the financial year of 2015 retreated 19 percent to SGD 1.53 billion(USD1.07billion) from SGD 1.89 billion of the year before. Earnings per share was 0.84 cents, the company proposed total cash dividends of 34.0 cents per share for the latest financial year.
Feb 24th, 2016
South Korea central bank kept its key interest rate unchanged at record low 1.5 percent for the eighth straight month (Feb 16) Japan economy contracted 0.4 percent in the October-December quarter from the third quarter, which expanded 1.3 percent from the July-September. (Feb 15) Singapore's economy grew by 2 percent in 2015, the slowest rate of growth since 2009. (Feb 24)
GIC and CPPIB Buys mall in Seoul
Singapore sovereign wealth fund GIC and Canada Pension Plan Investment Board (CPPIB) will be acquiring the D-Cube retail mall in Seoul in a joint venture for USD 263 million, with each own a 50 percent stake in the mall following the acquisition from Daesung Industires.
Oct 14th, 2015
Net office absorption rate of Hong Kong's Central Business District(CBD) gained highest rising level in one quarter time during the second quarter of 2015, thanks to the financial services companies efforts to increase presence in the central district - latest research by global property agency DTZ reveals.
