HONG KONG: Boxes surround Karen Carmen in her Sha Po village flat on Lamma Island. Faced with a rent increase from HK$18,000 to HK$23,000 a month, she has had to search for a new home. However, when she started scouting around at the property agencies, she was shocked by the prices.
THERE has been a return of interest in the neighbourhood of Balmoral in March with three transactions recorded in the period from March 8 to 15. These were at Chateau Le Fame, Balmoral 8 and Goodwood Residence. Located at Ewe Boon Road, a 1,163 sq ft, three-bedroom unit on the second floor of Chateau Le Fame changed hands at $1.8 million or $1,548 psf.
KAJANG: The Malaysian property market last year saw a 0.7% drop in total volume of transactions and a 3.6% increase in total transaction values.As at 4Q12, the All House Price Index increased to 175.3 points against 161.9 points in 4Q11, according to the 2012 Property Market Report published by the Valuation and Property Services Department of the Finance Ministry.“The property market is resili
CHINA: Analysts are expecting more overseas expansion from China Vanke as the mainland's biggest developer prepares to branch out into Singapore, after tapping into the Hong Kong and San Francisco markets this year.
PETALING JAYA: Dijaya Corp Bhd has sold 80% of its 413-unit Bayberry Serviced Residence in Phase 2 of its Tropicana Gardens project.The price, at RM1,100 psf, is a new benchmark for mixed commercial developments in Kota Damansara, Selangor, according to the property developer. A sneak preview of the units was held on March 8 for 400 Dijaya Privilege Card members and guests.
Malaysian real estate investment trusts (M-REITs) are still expected to offer stable returns and capital growth despite experiencing a bout of dividend yield compression, said Malaysian REIT Managers Association (MRMA) chairman Datuk Stewart Labrooy.“REITs have had an extremely good run, witnessing a compression in yields never seen before in the M-REIT market.
PUTRAJAYA: Caretaker Prime Minister Datuk Seri Najib Razak yesterday launched the first phase of the Putrajaya 1Malaysia Civil Servants’ Housing Programme (PPA1M) which involves the construction of 1,256 housing units at Precinct 17 and 256 units at Precinct 11 here.
KUALA LUMPUR: Hektar Real Estate Investment Trust (Hektar REIT) is looking to double its current total asset value of RM1 billion through the refurbishment of current malls and remixing its tenants to increase rental yields.
CHINA: Hang Lung Properties will continue to expand on the mainland despite disappointing economic growth in the first quarter, said chairman Ronnie Chan Chi-chung.
CHINA: While mainland property firms have enjoyed growth in sales and market capitalisation over the past few years, Deloitte China is less optimistic about the future.
The professional services firm cites pressures on profitability from slower growth, lower liquidity and surging gearing.
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