Archive for January, 2010

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Sales of luxury homes still brisk

Sales of luxury homes still brisk
Malaysia-based YTL Corporation has sold six of the 13 villas at its Kasara project at Sentosa Cove, at prices ranging from $14 million to $22 million. This works out to about $1,600 per sq ft on average. Full story

Asia Pacific’s investment volumes back to 2007’s levels

Asia Pacific’s investment volumes back to 2007’s levels
Real estate investments across Asia Pacific are now back to the levels seen in 2007 despite a 9 percent drop in transactional volumes in the fourth quarter, according to DTZ. Full story

CapitaLand’s Urban Suites receives good response

CapitaLand’s Urban Suites receives good response
Singapore developer CapitaLand said it has fully sold all 60 units of its Urban Suites condominium under its phase one preview sales that took place before the Christmas holidays. Full story

Singapore’s Ten Mile Junction site up for sale

Singapore’s Ten Mile Junction site up for sale
The Singapore government has launched the Ten Mile Junction site located at Choa Chu Kang Road and Woodlands Road for tender, making it the first residential site to be sold for the first half of 2010. Full story

Phuket luxury property sales top THB 1.1 Billion

Phuket luxury property sales top THB 1.1 Billion
Phuket’s luxury property market saw transactions worth THB 1.1 billion for the period of July through November 2009 according to market research by Thai consulting firm C9 Hotelworks. Full story

Thai developer predicts 30 per cent rise in revenues during 2010.

Thai developer predicts 30 per cent rise in revenues during 2010.
Thailand’s third largest developer has said it is aiming for a 30 per cent rise in revenues during 2010 as a direct result of rising demand. Full story

Domestic demand continues to drive real estate investment throughout Asia.

Domestic demand continues to drive real estate investment throughout Asia.
The Asian real estate investment market continued to gain momentum in the third quarter of 2009, according to research from CB Richard Ellis (Thailand) released today. Full story

Thai property market lagging Asia

The property market should improve this year due to progress on new mass transit routes and greater capital flows, but mitigating political risk will remain a key factor in ensuring a smooth recovery, says the Real Estate Information Center (REIC). Full story

YTL’s Sentosa Cove development sees 50% take-up rate

Malaysia-based YTL Corporation is officially launching "Kasara - The Lake", a collection of 13 luxury villas in Singapore's Sentosa Cove. Full story

Resale HDB flats hit a record high price fueled by demand from PRs

Despite the sluggish economy, the prices of resale HDB flats continue to rise, hitting a record high in the fourth quarter of last year. Full story
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