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Lim Eng Hwee URA

Singapore Private Home Price Growth Slows to 1.5% as Q1 Sales Dive

Lim Eng Hwee URA

2024/04/01 by Christopher Caillavet Leave a Comment

Singapore’s price index for private residential properties slowed to 1.5 percent growth in the first quarter of 2024 from a 2.8 percent rise in the previous three months, according to the Urban Redevelopment Authority’s flash estimates.

A 20 percent quarterly… Read More>>

Singapore’s price index for private residential properties slowed to 1.5 percent growth in the first quarter of 2024 … Read more>>>

State Support Yet to Revive Buyer Demand as China Home Sales Slump 48% in Q1

2024/04/01 by Kevin He Leave a Comment

China’s housing crisis showed no signs of abating in the first three months of the year, as the value of new home sales by the country’s largest property developers slumped to roughly half the figure from a year earlier.

In… Read More>>

China’s housing crisis showed no signs of abating in the first three months of the year, as the value of new home sales … Read more>>>

The Kimberley Hotel

Hong Kong Hotels Neared Pre-COVID Levels With 93.4% Holiday Occupancy

The Kimberley Hotel

2024/04/01 by Christopher Caillavet Leave a Comment

Hong Kong hotels achieved an average room occupancy rate of 93.4 percent during February’s eight-day Chinese New Year holiday, just 0.4 points below the rate recorded during the same period in 2019 before the COVID-19 pandemic, according to CBRE.

The… Read More>>

Hong Kong hotels achieved an average room occupancy rate of 93.4 percent during February’s eight-day Chinese New Year … Read more>>>

Norry Lee JLL

Mainlanders Buy 70% of Hong Kong Luxury Homes After Cooling Measures End

Norry Lee JLL

2024/03/26 by Christopher Caillavet Leave a Comment

Mainland Chinese buyers account for 70 percent of primary market sales of Hong Kong luxury homes worth at least HK$30 million ($3.8 million) since the removal of cooling measures last month, up from less than 50 percent before the curbs… Read More>>

Mainland Chinese buyers account for 70 percent of primary market sales of Hong Kong luxury homes worth at least HK$30 … Read more>>>

Jack Bergin JLL

Rebound in Cross-Border Education Attracting Capital to Aussie Student Housing

Jack Bergin JLL

2024/03/18 by Christopher Caillavet Leave a Comment

International students in Australia have surpassed their pre-COVID numbers, delivering a boost to purpose-built student housing and driving a reallocation of capital into the sector, according to JLL.

Last year saw the number of international students exceed the previous 2019… Read More>>

International students in Australia have surpassed their pre-COVID numbers, delivering a boost to purpose-built student … Read more>>>

URA chief executive officer Lim Eng Hwee

Singapore February Home Sales Down 66% Amid Project Vacuum

URA chief executive officer Lim Eng Hwee

2024/03/16 by Christopher Caillavet Leave a Comment

New private home sales in Singapore fell 65.6 percent year-on-year in February in the absence of new projects, according to data released by the Urban Redevelopment Authority on Friday.

The monthly sales tally of 149 homes (excluding executive condos) was… Read More>>

New private home sales in Singapore fell 65.6 percent year-on-year in February in the absence of new projects, according … Read more>>>

Mitsubishi Estate president and chief executive Atsushi Nakajima

Japan Doubled APAC Outbound Real Estate Buys to $2.24B in 2023

Mitsubishi Estate president and chief executive Atsushi Nakajima

2024/03/06 by Beatrice Laforga Leave a Comment

Japanese investors more than doubled their overseas acquisitions of real estate in Asia Pacific last year to spend $2.24 billion on income-earning properties around the region, at the same time that most other players were stepping back.

After spending a… Read More>>

Japanese investors more than doubled their overseas acquisitions of real estate in Asia Pacific last year to spend $2.24 … Read more>>>

Paul Chan, Hong Kong's Financial Secretary (Getty Images)

Hong Kong Budget Scraps Stamp Duties to Boost Struggling Housing Market

Paul Chan, Hong Kong's Financial Secretary (Getty Images)

2024/02/28 by Kevin He Leave a Comment

Hong Kong is rolling back all taxes on residential property transactions in an effort to put a floor under a protracted housing market slump that has seen residential property prices slide to seven-year lows.

In his annual budget speech to… Read More>>

Hong Kong is rolling back all taxes on residential property transactions in an effort to put a floor under a protracted … Read more>>>

Lawrence Wong

Singapore Homebuilder Tax Tweak Deemed More Symbol Than Savior

Lawrence Wong

2024/02/19 by Christopher Caillavet Leave a Comment

Singapore brokers welcomed a tax tweak designed to give developers flexibility as they strive to sell the final 10 percent of units at housing projects, although analysts questioned the extent of the rule change’s market impact.

Developers previously owed either… Read More>>

Singapore brokers welcomed a tax tweak designed to give developers flexibility as they strive to sell the final 10 … Read more>>>

Hillhaven in Hillview Rise

Singapore Reports Lowest January Home Sales Since 2009 as Buyers Await Clarity

Hillhaven in Hillview Rise

2024/02/15 by Christopher Caillavet Leave a Comment

New private home sales in Singapore fell 29 percent year-on-year last month to 281 units, the lowest January reading in 15 years, according to data released by the Urban Redevelopment Authority on Thursday.

The latest figure, which excludes executive condominium… Read More>>

New private home sales in Singapore fell 29 percent year-on-year last month to 281 units, the lowest January reading in … Read more>>>

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