Asia Real Estate
Number of residential units for sale to double in next few years: Desmond Lee
Residential land sales could reach $16b in 2018
Customer ratings and transactions of property agents to be made public
3 Ways Your Tenants Might Abuse Your Property When You Rent it Out
20,000 people own 3 to 10 private residential properties in Singapore: MND
Indian-origin landlords found guilty of renting out ‘slum’ house to 40 in London
Industrial prices, rents to 'stabilise' as supply tapers, says JTC
More commercial developments trying for collective sale
2018-03-27 00:02:29 commercial developments are jumping onto the collective sale bandwagon even as the success rate for such deals pales in comparison with that for residential developments. So far this year, there has been no commercial sites sold en bloc, with all 15 collective sale sites sold being residential developments. However, the heady success of residential collective sales is giving commercial property owners optimism that they, too, can make handsome gains   Read More ...
HT Explainer: What the SC order on Manesar land deal means
2018-03-13 06:14:13 The Supreme Court on Monday steered the ongoing CBI investigations on a new trajectory by setting aside the decision of Bhupinder Singh Hooda-led Congress government to drop acquisition proceedings for 688 acres of land in Gurgaon’s Manesar. Hitender Rao look at how it will affect the former chief minister, the officers, the real estate developers and the CBI. What implications does SC order have for ex-CM Hooda and officials — serving as well as retired? The apex court’s directions to the CBI to unravel the role of middle men will mean fresh investigations into financial transactions and bank accounts of persons close to Hooda, his relatives, family friends, the officers, the real estate developers and persons who possibly acted as intermediaries in land deals   Read More ...
CRDA chief inspects housing projects
2018-03-13 05:14:06 AP-Capital Region Development Authority (AP-CRDA) Commissioner Cherukuri Sreedhar inspected the government housing projects at Kondamarajupalem, Rayapudi and Nelapadu on Monday. He ordered that the contractors should increase the number of workers wherever required to expedite the constructions and said he would depute an officer who would be dedicated to ensuring adequate supply of manpower and material. Representatives of NCC Limited told Mr   Read More ...
Jan Man: 'Hasin Farm House' the real reason of fight behind Shami and his wife?
2018-03-12 18:33:50 Jan Man: 'Hasin Farm House' the real reason of fight behind Shami and his wife?Indian cricketer Mohammed Shami and his wife Hasin Jahan's fight has turned ug   Read More ...
Three biggest property agencies band together to form online platform for agents, consumers
2018-03-12 12:45:14 SINGAPORE - The three biggest property agencies here have launched an online platform to provide real-time information for agents and home-seekers that also attempts to overcome some of the issues seen on existing real estate portals. SoReal as the collaboration is called was first discussed in early 2016 by the chief executives of PropNex Realty, ERA Realty and Huttons Asia after agents alerted them to the challenges they faced when subscribing to property portals   Read More ...
Felda gets back land embroiled in ownership controversy - Nation
2018-03-10 01:47:35 KUALA LUMPUR: Federal Land Development Authority (Felda) has finally gotten back 16 plots of Jalan Semarak land from Synergy Promenade Sdn Bhd (SPSB). “Fourteen plots were registered under Felda’s name on March 2 while the remaining two plots were registered on March 8. “The plots of land were transferred back by SPSB to Felda,” Felda chairman Tan Sri Shahrir Abdul Samad told reporters at a press conference at Menara Felda here   Read More ...
Felda gets back 16 plots of Jalan Semarak land
2018-03-09 12:10:43 Felda chairman Tan Sri Shahrir Abdul Samad said a press conference on Friday that Felda has obtained 16 plots of Jalan Semarak land back from Synergy Promenade Sdn Bhd (SPSB). Read m.   Read More ...
Felda gets 16 plots of Jalan Semarak land back
2018-03-09 06:47:32 KUALA LUMPUR: Felda has obtained 16 plots of Jalan Semarak land back from Synergy Promenade Sdn Bhd (SPSB), said Tan Sri Shahrir Abdul Samad. "Fourteen plots were registered on March 2 while the remaining two plots were registered under Felda's name on March 8," the Felda chairman told reporters at a press conference at Menara Felda here on Friday. Shahrir said that the plots of land measured 8   Read More ...
A housing bubble is unlikely, report
2018-03-07 18:05:38 OrangeTee believes that Singapore will unlikely see a housing bubble even as property prices have increased amidst higher land cost and robust demand... OrangeTee believes that Singapore will unlikely see a housing bubble even as property prices have increased amidst higher land cost and robust demand, reported Singapore Business Review. This comes as the overall transaction volume for the first two months of 2018 is still significantly lower compared to the previously recorded peak   Read More ...
Atta Global buys property development firm for RM12m
2018-03-07 15:03:03 PETALING JAYA: Atta Global Group Bhd is acquiring property development company Sungguh Gemilang Development Sdn Bhd for RM12 million. In a filing with Bursa Malaysia today, the metal recycler and trader of metal related products said the proposed acquisition is a strategic move in line with its proposed diversification into property development and would generate synergistic benefits to the group. Based in Penang, Sungguh Gemilang owns a plot of vacant freehold land in Butterworth measuring 7,100 sq m   Read More ...
Ministry of Housing and Urban Affairs working on national rental housing policy
2018-03-07 01:42:36 The Ministry of Housing and Urban Affairs (MoHUA) is working on a National Urban Rental Housing Policy (NURHP) to alleviate housing shortage in urban areas by encouraging renting of homes as millions of houses lie vacant across the country. In written reply to a question in Lok Sabha on Tuesday, Union Housing and Urban Affairs Minister Hardeep Singh Puri said, "Since land and colonisation are state subjects, the matter relating to eviction of tenants by landlords comes under the purview of the rental laws/ by-laws of states and Union Territories   Read More ...
Airbnb ready to make concessions on short-term rentals in Singapore
2018-03-06 10:01:22 Home-booking company Airbnb is willing to make some concessions on short-term rentals in Singapore in an attempt to appease concerns of the Government, a top executive said yesterday. Strict rules in Singapore make it one of the toughest markets in which Airbnb operates. Two men are awaiting sentencing after pleading guilty recently for unauthorised short-term letting of apartments. Mr Chris Lehane, Airbnb's head of global policy, told Reuters that the company had managed to make great progress in other markets, such as China and Cuba   Read More ...
Shared bikes move Bengaluru’s gated communities
2018-03-04 20:33:57 Until recently, Rohan Kapoor, a Class XI student staying in Adarsh Palm Retreat on Outer Ring Road (ORR) in Bengaluru, had to be picked up and dropped at the exit gate within his own apartment complex. That was because the gate is 2.5 km away from home. Now, he uses his phone to unlock one of the many bicycles in his sprawling complex and pedals to the gate, where he leaves the cycle and hops on to a bus   Read More ...
Maha govt plan to build new CBDs on public land dropped
2018-03-02 20:22:16 The Maharashtra government has dropped the plan of developing new central business districts (CBDs) in Mumbai, India’s commercial capital, by unlocking undeveloped public lands. Instead a proposal for further enhancing construction rights for development of existing commercial avenues and setting up high-density commercial corridors around key public transport intersections is now being considered. While designing Mumbai’s new development plan, the Mumbai municipality had proposed transformation of undeveloped land parcels around the city’s erstwhile octroi nakas into CBDs to “boost economic activity and employment”   Read More ...
Colombo land prices increasing - CBSL
2018-03-02 15:03:07 Central Bank says on a year-on-year basis for the period ending December 2017, the Land Price Index recorded a 10.4 percent increase, continuing the recent trend in land price movements in the Colombo district. The Central Bank of Sri Lanka is compiling and analyzing several indicators, in order to monitor the developments in the real estate sector. In the compilation process of LPI, CBSL uses the land price data collected by the Valuation Department of Sri Lanka covering around 50 centres of five Divisional Secretariat divisions in the Colombo District   Read More ...
Real estate market outlook for 2018
2018-03-01 15:12:21 In 2017, the year finished off surprisingly well with GDP growth coming in at 3.1 percent, according to Bank of Korea (BOK) figures. It marked the first time since 2014 that annual GDP growth exceeded 3 percent. This better-than-expected domestic economic performance, combined with a synchronized global economic expansion, has provided a solid base for economic growth in 2018. Taking into account anticipated growth in global trade volume and consumer spending, the BOK forecasts GDP growth of 3 percent in 2018   Read More ...
People's Housing Project Transit Home policy to be reviewed for rent-to-own scheme
2018-03-01 12:23:31 SUNGAI PETANI: The Federal Government will review the People’s Housing Project (PPR) Transit Home policy to enable tenants to buy their units through a rent-to-own scheme. “We hope that through this initiative, the tenants will be more proactive and make their neighbourhood a better place to live in. Currently, many of them do not bother to take care of their surroundings since they do not have a sense of belonging to the units,” he said after visiting PPR Harmoni Transit Homes in Paya Nahu here today   Read More ...
6th edition of Hyderabad Property Show from March 2
2018-02-28 19:24:43 The Confederation of Real Estate Developers Associations of India (CREDAI), the country’s apex body of private real estate developers, would be holding the sixth edition of the Hyderabad Property Show 2018, between March 2 and 4 at Hitex Exhibition Centre at Madhapur. Over 120 developers from across the twin cities are expected to participate in the show, bringing together realtors, building material manufacturers, consultants and top financial institutions, including all the big public and private sector banks like State Bank of India (SBI), HDFC and others   Read More ...
Ewein registers losses in Q4 due to property development division
2018-02-28 17:01:40 PETALING JAYA: Ewein Bhd fell into the red in the fourth quarter ended December 31,2017 with a net loss of RM1.32 million, compared with a net profit of RM1.28 million a year ago, due to losses from its property development division.   Read More ...
Ban on hoardings on residential buildings, places of worship in Jammu
2018-02-28 11:09:44 “The JMC has imposed ban on installation of hoardings on residential buildings, bridges, places of worship, hospitals, educational institutions, crematoriums, graveyards, government offices, parks, gardens without requisite permission from it”, a senior officer of JMC said. A drive was conducted by special team of JMC under the supervision of Assistant Commissioner Revenue, JMC Vinakshi Koul against illegal hoardings, polythene and encroachments by shopkeepers of various areas within limits of JMC   Read More ...
No place for pubs, restaurants in Capital’s residential areas
2018-02-28 01:16:48 Pubs and restaurants operating in residential areas will have to move out and relocate as the Delhi Development Authority (DDA) brings in amendments to the Master Plan 2021 for the national Capital. The proposal, which also focuses on having a uniform floor area ratio (FAR) for shop-cum-residential plots, was approved by Lt-Governor Anil Baijal at a meeting held here on Tuesday   Read More ...
DDA clears uniform floor area ratio, proposal to move pubs, clubs from residential areas
2018-02-27 11:38:22 After taking into consideration the views of market associations, traders, RWAs and other stakeholders for amendments to the Delhi Master Plan 2021, the DDA has approved a uniform floor area ratio (FAR) of shop-cum-residential plots, DDA member and BJP leader Vijender Gupta said. FAR is the ratio of a building’s total floor area to the size of the plot of land on which it is built   Read More ...
Hand over land to Dalits in six months, Gujarat Collectors told
2018-02-26 07:06:37 The February 19 circular stated that land rendered surplus under the provisions of the Agricultural Land Ceiling Act and government wasteland are being allocated to the people of Scheduled Castes, Scheduled Tribes and other backward communities as per the government rules. It further records that “some” beneficiaries of such land allocation have not got possession of the same. As per the circular, all the offices of the District Collectors have been asked to finish task of giving actual possession of such land allocation to Dalits and tribals and OBCs has remained only on paper due to various reasons   Read More ...
PM Modi's visit revives real estate interest in Navi Mumbai
2018-02-26 02:41:22 Following the groundbreaking ceremony of the proposed Navi Mumbai International Airport (NMIA) by Prime Minister Narendra Modi recently, the sluggish property market is now on the surge in Navi Mumbai. According to officials from the Maharashtra Chamber of Housing Industry (MCHI), Navi Mumbai, the property market in Navi Mumbai particularly in Kharghar-Panvel was down but the groundbreaking ceremony has lifted the mood of potential buyers and investors   Read More ...
Lalu Prasad's daughter Misha Bharti's Delhi farm house a money laundering asset: PMLA authority
2018-02-25 17:41:06 Lalu Prasad's daughter Misha Bharti's Delhi farm house a money laundering asset: PMLA authority A designated PMLA authority has held that a Delhi farmhouse, attached by the ED in the name of RJD chief Lalu Prasad's daughter Misha Bharti and her husband, is "involved" in money laundering and ordered that the attachment of the asset should continue. The central probe agency had provisionally attached the immovable asset, located on a 12-bigha land in south Delhi's Bijwasan area, in September last year under the Prevention of Money Laundering Act (PMLA)   Read More ...
CM promises to fast-track real estate approvals
2018-02-24 05:59:48 Chief Minister Edappadi K Palaniswami on Friday announced that estate developers across the State will soon get their permits online within 45 days. This would be done through a single window platform. Inaugurating the Confederation of Real Estate Developers’ Association of India (Credai), Chennai Chapter’s FAIRPRO 2018. he said that all permissions pertaining to planning can also be obtained through an online portal which has been developed in association with the Indian Institute of Technology-Madras   Read More ...
Number of residential units for sale to double in next few years: Desmond Lee
2018-02-23 07:30:40 SINGAPORE: The Government expects the number of residential units available for sale to more than double "in the next few years", said Second Minister for National Development Desmond Lee on Friday (Feb 23). “There is a renewed confidence in today’s property market," he stated, speaking to more than 600 industry participants at the Real Estate Developers' Association of Singapore (REDAS) Spring Festival Lunch   Read More ...
Seoul to provide 240,000 affordable homes over 5 years
2018-02-22 15:03:00 Seoul will provide an additional 240,000 public housing units over the next five years to reduce living costs for young non-homeowners, the city government said Tuesday. "Amid the volatile housing market, we believe providing more public housing units is critical to enhancing the quality of life for Seoul residents," a city official said. The official said among these new homes, 145,000 will be allocated only for young single tenants and young married couples   Read More ...
Himeji Castle grounds to be available for rent starting in spring
2018-02-22 08:01:30 HIMEJI, Hyogo -- Why hold a normal garden party this spring when you can have a reception with one of Japan's most beautiful castles as the backdrop? Starting this May, the Himeji Municipal Government will be renting out locations on the grounds of Himeji Castle, a UNESCO World Heritage Site. One city official estimated the price at as much as 5 million yen per day, so a little steep for your simple backyard barbecue   Read More ...
US President Trump’s son in India to help sell luxury apartments
2018-02-21 06:57:54 Donald Trump Junior, the eldest son of President Donald Trump arrived in India on February 20 to help sell luxury apartments and lavish attention on wealthy Indians who have already bought units in Trump-branded developments. The Trump Organization and its Indian partners have five projects in India, making it the brand’s largest market outside the United States. Read the full story here Subscribe to our channel: Follow us on Twitter: Like us on Facebook: iOS:- Android:- Watch more videos at: hindustantimes.com © 2016.   Read More ...
Manesar land scam: Bhupinder Singh Hooda’s officer profited via property sale, says CBI
2018-02-21 05:24:26 Written by Varinder Bhatia , SUKHBIR SIWACH | Chandigarh | Published: February 21, 2018 3:57 am A NEW Delhi-based couple who had “business dealings” with real estate developer Atul Bansal, the main beneficiary and one of the prime accused in the Rs 1,000-crore Manesar land scam, had bought a property for Rs 1.5 crore from Chhatar Singh, former chief minister Bhupinder Singh Hooda’s then additional principal secretary, and sold it for Rs 70 lakh within 17 days, the CBI has claimed in its chargesheet   Read More ...
BNM should lower borrowing costs for housing loans: Penang housing exco
2018-02-20 12:01:21 GEORGE TOWN: Penang has urged Bank Negara to consider lowering the borrowing costs in view of the high rejection rate for housing loans in the affordable housing category. Referring to a news report, Jagdeep noted that the Real Estate and Housing Developers Association (Rehda) had stated that the rejection rate for housing loans has gone up to 60%. "I hope the proposed dialogue with Bank Negara can yield a solution to this issue   Read More ...
Higher home buyer tax seen cooling Singapore's collective sales frenzy
2018-02-20 06:07:04 SINGAPORE (Reuters) - Singapore's move on Monday to raise stamp duty on expensive home purchases is likely to dampen the recent wave of redevelopment sales in the city-state's recovering property market, analysts said. From Tuesday, the wealthy city-state will apply a new top marginal rate of 4 percent stamp duty on the portion of residential property value in excess of S$1 million (543,079   Read More ...
Land of injustice
2018-02-20 05:08:21 A tragedy, the self-immolation of Bhanuprasad Vankar, a 61-year-old Dalit activist in Patan, last week, has brought the issue of landlessness among Dalits into focus. Vankar, a leader of the Rashtriya Dalit Adhikar Manch, is said to have taken the extreme step after the Patan district administration kept stalling the transfer of ownership titles of two plots to their Dalit owners   Read More ...
Singapore property stocks fall on higher stamp duty for home buyers
2018-02-20 04:45:19 SINGAPORE (BLOOMBERG) - Singapore property stocks declined on Tuesday (Feb 20) after the Government raised taxes on home purchases of more than S$1 million, just as the housing market started to recover from a four-year slump. UOL Group and City Developments fell more than 2 per cent in early trading, making them the biggest decliners on the benchmark Straits Times Index   Read More ...
Real estate agencies work with government to transform industry
2018-02-19 12:03:05 The long transaction process and regulatory hurdles are common complaints of people buying or selling property in Singapore. Even as other industries embrace new technologies to streamline processes and improve customer service, the real estate industry has lagged in leveraging technology to become more customer-responsive and efficient. The Real Estate Industry Transformation Map (ITM), unveiled on Jan 8, is a roadmap to ensure that the industry continues to grow and will be able to provide good jobs for Singaporeans   Read More ...
Singapore Budget 2018: Top marginal buyer's stamp duty to go up from 3% to 4% for residential properties worth over $1 million
2018-02-19 11:45:20 SINGAPORE - The Government has raised the top marginal buyer's stamp duty rate from 3 per cent to 4 per cent for residential properties worth more than $1 million. The new rate will apply to all residential properties acquired from Feb 20. Buyer's stamp duty is payable on the acceptance of an option to purchase agreement or sale and purchase agreement   Read More ...
College run by BJP MLA’s family gets eviction notice
2018-02-17 20:26:22 A day after Bharatiya Janata Party MLA Ashish Deshmukh said Chief Minister Devendra Fadnavis should resign for failing to address farmers’ issues, the Nagpur district administration on Saturday served an eviction notice to a medical college run by Mr. Deshmukh’s family, on the grounds that the land leased for the college was being used for commercial purpose. The notice, issued by Nagpur District Collector Sachin Kurve said the administration provided 27   Read More ...
One lakh acre farm land will not get water, fear Tamil Nadu farmers
2018-02-17 02:41:32 The Cauvery delta farmers, who have been at the receiving end due to successive monsoon failure, fear the Supreme Court verdict reducing TN share of Cauvery water by 14.75 TMC would further affect irrigation in over one lakh acres of farm land. However, the farmers want the Centre to immediately constitute the Cauvery Management Board as per the order to ensure timely release of the state's share of water   Read More ...
Hajipur housing projects bear brunt of land quashing
2018-02-16 05:08:50 In yet another case of land acquisition quash in Hajipur village (in Sector 100), the fate of several group housing projects is in lurch. The land stands quashed on the petition of a body challenging the one-sided acquisition of Noida Authority. The home buyers and farmers are accusing the Noida Authority for this mess. They said the authority sold disputed land to the builders, which further troubled several home buyers   Read More ...