Beachfront condo in Australia from A$1,100 psf

Beachfront condo in Australia from A$1,100 psf
 
A BEACHFRONT home on the Western Australian coast, just a 15-minute drive from Perth, can be yours at prices starting at around A$1.5 million (S$2 million) to A$1.6 million for the smallest units.
 
This works out to be between A$1,100 and A$1,200 per square foot (psf).
 
Called The Leighton, the 45-unit [...]

Aussie mortgage arrears rise to record-high in May

Aussie mortgage arrears rise to record-high in May
Late repayments on prime loans increase for sixth consecutive month
 
(MELBOURNE) Australia’s mortgage arrears rate rose to a record in May as home owners struggle to meet loan repayments which have surged with the highest interest rates in 12 years, according to Standard & Poor’s.
 
Payments more than 30 days [...]

Trump Jr plans US$1b India property fund

Trump Jr plans US$1b India property fund
 
(MUMBAI) Donald Trump Jr, whose father built a multibillion-dollar fortune in real estate, plans to set up a fund of as much as US$1 billion to buy property in India, betting on the nation’s economic growth.
 
Mr Trump may create the privately held fund together with investors including an [...]

NY homeowners cash in on location shoots

NY homeowners cash in on location shoots
Apartments, houses rented to TV and film crews for up to US$10,000 a day
 
(NEW YORK) New Yorkers love to complain about television or film crews that descend on their neighbourhoods, gobbling up parking spaces, crowding the sidewalks and generally disrupting daily life.
 
But some people are not complaining. They [...]

Corporate tenant demand in UK at decade low

Corporate tenant demand in UK at decade low
 
(LONDON) Tenant demand for commercial property space in the UK fell in the April-June period at the fastest quarterly rate in at least 10 years as an economic slowdown gathered pace, a key report showed yesterday.
 
According to a national survey of property professionals by the Royal Institution of [...]

UK home prices fall for first time since 2002

UK home prices fall for first time since 2002
 
(LONDON) UK house prices dropped this month from a year earlier for the first time since Rightmove plc started measuring them in 2002, as the squeeze on lending pushed up the number of unsold properties to a record.
 
The average asking price for a home fell an [...]

Johor’s Horizon Hills attracts foreign buyers

Johor’s Horizon Hills attracts foreign buyers
60% of buyers are from overseas; more than half of whom are Singaporeans
 
WITH a golf course set within a residential township, the resort-style Horizon Hills in South Johor is attracting considerable overseas interest - more than 60 per cent of buyers in launched precincts are foreigners.
 
Here in town yesterday to [...]

S’pore developers unfazed by rising Viet market risks

S’pore developers unfazed by rising Viet market risks
They’re upbeat over longer term outlook, despite current high inflation, labour cost
 
(SINGAPORE) Low Keng Huat’s plans to pour money into a 267,000 square foot development project in Vietnam must have raised a few eyebrows when it was announced earlier this month.
 
Against the backdrop of a 25 per cent [...]

LaSalle fund says Aussie Reits are good buy now

LaSalle fund says Aussie Reits are good buy now
Trusts hit by fears of rising financing costs arising from global credit crisis
 
(SYDNEY) Now is the time to pick up cheap Australian property trusts because the country’s economic fundamentals are strong, according to a securities fund manager at property specialist LaSalle Investment Management.
 
Concerns are mounting about the [...]

M’sian real estate sector may face rocky road ahead

M’sian real estate sector may face rocky road ahead
Developers currently relying on more resilient higher-end segment
 
in Kuala Lumpur SINCE real estate is a natural hedge against inflation, buying property in Malaysia would seem a capital idea, with inflation running at its highest level in more than 20 years. But in these uncertain times, other variables [...]