Less than three months after targeting buyers of multiple homes with higher transaction taxes and tightened lending conditions, Singapore is introducing increases in property taxes which could raise rates charged to owners of residential investment properties by one-third or more.
In today’s roundup of regional news headlines, one of Hong Kong’s biggest cinema chains springs a surprise ending on the city, fashion retailer Gap mulls the potential sale of its China business, and property tax legislation is missing once again… Read More>>
Real estate services leads Mingtiandi’s roundup of headlines from around the region today as agency giant CBRE announces plans to hire 3,000 new staff in India this year, after revenues grew 20 percent last year. In line with the real… Read More>>
The biggest Hong Kong landlord that most people have never heard will have new leadership soon after the MTR Corporation, which operates the city’s light rail network, announced late last week that it has appointed a new CEO and chairman…. Read More>>
HNA’s big global clearance sale drags the mainland conglomerate into the region’s real estate headlines again today as the company shops a $1 billion Singapore logistics enterprise in an attempt to make a dent in its debt wall. Further north,… Read More>>
Leading today’s real estate headlines in the region, the owners of one of Singapore’s oldest condo complexes are hoping for the city’s biggest ever collective sale. While elsewhere in the city state, property agents are showing statistics of the first… Read More>>
Asian cross-border capital flows are at the top of the news again today, as Hong Kong-based CLSA is moving into Europe by partnering with a London-based asset management player. Singapore’s acquisitive sovereign wealth fund is making a slightly shorter trip… Read More>>
At the top of the page today, some of Asia’s wealthiest investors are bidding for the rights to run a fleet of European parking lots. Also in the news, China’s much discussed but seldom encountered property tax has just moved… Read More>>
One of China’s biggest foreign investors is taking his acquisition streak to new levels as Wang Jianlin notched $16 billion in acquisitions so far this year, should the group’s latest proposal go through. China’s bureaucrats have been less successful in… Read More>>
More bad news could be on the way for China’s property market early next year, as the government will reportedly implement a long awaited national real estate registry in March.
The nationwide log of who owns what properties is expected… Read More>>