Asia Property Market Daily Briefing January
CapitaLand’s service apartment unit Ascott Limited signed partnership agreement with Alibaba’s travel services unit to launch all its service on Alibaba’s China portal, gaining access to about 100 million users in the China network. SIngapore- listed service aparment firm Fraser Hostility debuts is new European project in Geneva this week.
Sales of new homes in Hong Kong’s premier district (South&Peak) surpass 2nd hand ones for the first time in the year of 2015, according to HK property agency Centaline. South& Peak district total recorded 107 transactions in 2015, turnover totalled HKD7.9 billion for the year for the island’s most expensive district. Sales for re-sale property prices continue to slide in non-core districts.
Hong Kong chief executive officer CY Leung delivered Policy Address today announcing government is targeting to build 460,000 public house units over a decade. The point is said being opposed by vested interest groups.
Singapore's key interest rates continue to rise to hit high point seen in 2008. The benchmark three-month Singapore interbank offered rate (Sibor), typically used to price home loans, rose to 1.25200 percent on Wednesday, it was 1.18513 percent on Dec 31st 2015.
Sales of new private homes in Singapore shrank in December as fewer projects were launched in the last month of the year. Some 173 units were launched in December, compared with 733 units of November. Excluding executive condominiums (ECs), property developers sold 384 units in December compared with the 759 units sold in November. Including ECs, 508 units were sold in December, down from November’s 945 units.
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