10:10 pm January 28, 2015 | No Comment
Lippo Karawaci, a property developer arm of Lippo Group, kicked off construction on Wednesday of an integrated property project it says is worth Rp 200 trillion ($15 billion) in the central business district of Lippo Village township in Karawaci, Tangerang district of Banten province.
11:05 am January 27, 2015 | No Comment
After five years of price gains, values are falling and defaults are rising in Singapore following government measures to curb lending and a decline in the number of foreign buyers. Banks auctioned 118 repossessed homes last year, about 10 times the number in 2013, said Mok Sze Sze, head of Singapore auctions at broker Jones Lang LaSalle.
9:45 am January 19, 2015 | No Comment
With fewer expatriates coming to live in Singapore due to controls on immigration, and a large number of apartments set to be completed in the next two years, the vacancy rate could rise further in 2015, bringing rents down even more.
7:30 pm January 15, 2015 | No Comment
Agung Podomoro Land, a listed Indonesian property developer, is targeting to increase its recurring income by 10 percent to 15 percent this year, backed by new hotels and occupancy growth at its shopping malls.
2:19 pm January 12, 2015 | No Comment
Agung Podomoro Land, one of the country’s biggest property developers, is setting aside 50 percent more in capital spending this year, to Rp 7.5 trillion ($591 million), as part of its plan to finance large projects.
11:51 am January 12, 2015 | No Comment
Alam Sutera Realty, a listed Indonesian property developer, forecasts its marketing sales to rise by 35 percent this year, on the back of new office and apartment projects.
12:53 pm January 2, 2015 | No Comment
Singapore’s home prices dropped for a fifth consecutive quarter, the longest losing streak in more than a decade, as tighter mortgage curbs cooled demand in Asia’s second-most expensive housing market.
10:38 pm December 19, 2014 | No Comment
Friday’s verdict, which saw 63-year-old Thomas Kwok found guilty of corruption but Raymond, 61, cleared of all charges, has left questions over the next step for the family empire. The marathon trial centered around claims the brothers had bribed former chief secretary Rafael Hui to be their “eyes and ears” in the government.
7:38 am December 15, 2014 | No Comment
Property developer Paramount Land has set aside Rp 1.5 trillion ($118.8 million) for its 2015 capital expenditure, which will be used for projects in Java, Sumatra and Bali, the company’s chief said on Saturday.
10:21 am December 2, 2014 | No Comment
Property developers, among China's most heavily leveraged companies, will get a negligible lift from the country's first benchmark interest rate cut in two years as sales slip and banks pull back on lending to the sector.
10:12 am December 2, 2014 | No Comment
Wang Jianlin plans to raise as much as $6 billion from selling shares in Dalian Wanda Commercial Properties, to help fund the expansion of an empire built at speed using cheap government land.
10:27 am December 1, 2014 | 1 Comment
Property giant Ciputra Group is setting aside as much as Rp 2 trillion ($164 million) to build Citra Towers, an office complex with two towers, in the central business district of Central Jakarta in the next four years.
9:23 am December 1, 2014 | No Comment
Singapore developers struggling to sell apartments in their home market are buying property overseas, turning the island-state into the largest foreign investor from the region this year.