9:32 am February 16, 2015 | No Comment
When it comes to the best and worst property markets in Asia, Singapore has it covered. Office rents in the city’s central business district jumped 14 percent last year, the biggest increase in the region, while luxury home prices slumped 6 percent, the most in Asia, according to Jones Lang LaSalle, a property brokerage and consulting company. The gap is about to widen.
2:15 am February 13, 2015 | 2 Comments
Lippo Cikarang, a subsidiary of the Lippo Karawaci, Indonesia’s biggest listed property developer, kicked off on Thursday the construction of its Rp 250 trillion ($19.6 billion) Orange County project, a mixed-use property in the company’s industrial estate in Cikarang, Bekasi.
10:38 am February 12, 2015 | No Comment
Plaza Indonesia Jababeka, a joint venture of Jababeka Industrial Area and Plaza Indonesia Realty, will start construction on a $1 billion township project in June after completing the planning for the 12-hectare project in Cikarang,West Java.
9:37 pm February 11, 2015 | No Comment
The retail space market in Jakarta anticipates limited future supply due to a moratorium policy for new mall development, a global property consultant company Savills PCI Research said in a report released on Wednesday.
10:10 pm January 28, 2015 | 1 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.