Vietnam 

More foreigners buying apartments in HCM City – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY – More foreigners are buying apartments and investing in real estate in Việt Nam, especially in HCM City, with most of them coming from mainland China, Japan, Singapore and South Korea. Ngô Quang Phúc, general director of Phú Đông Group, said that since the amended Law on Housing 2014 took effect in 2015 the domestic property market has seen increased interest from foreign buyers. From 2008 to 2014, only 126 foreigners bought property in Việt Nam. In 2014, the Ministry of Construction…

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Property 

Young expat executives taking shorter secondments in Hong Kong drive demand for serviced apartments

Many of these clients are younger executives – singles or couples, without a larger family – who value the convenience and amenities of centrally-located serviced apartments over the space afforded by a larger home on the southern side of Hong Kong Island (and the associated costs). Luckily for them, the supply of serviced apartments has risen 21 per cent over the past five years, reaching a total of 15,900 units in 2018, according to JLL research. Now, there is a cluster of new serviced apartments cropping up across the city…

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Home 

Embassy Berlin: discreet apartments in Berlin's international quarter

[Sponsored Article] Free from the political and economic turbulence that have characterized some international markets in the last few years, Germany continues to be viewed as a safe haven for foreign capital in Europe. Home of the largest buy-to-let residential market in the continent, with robust legislation in place to protect real estate investments, Germany is the first choice for many overseas property investors when looking to Europe. This is especially true for its capital Berlin,… Source link

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Vietnam 

10,000 apartments set for sale in Đà Nẵng – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News ĐÀ NẴNG — The central city of Đà Nẵng has proposed selling 10,000 apartments under State ownership to pay for new housing projects in 2020-30. Deputy director of the city’s construction department, Nguyễn Văn Nam, said the proposal was discussed in a meeting between the city and the ministry of construction last week. Nam stated that the city and the ministry agreed to submit the plans to the Government for approval. He said the department was managing 10,000 apartments including old buildings and…

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Home 

Discounted Hong Kong development does not match demand for smaller apartments, fails to sell out

Hong Kong developer Sino Land managed to sell only 75 per cent of apartments put up for sale at heavy discounts at its Mayfair by The Sea 8 development in Tai Po. By 3pm on Wednesday, it had sold 171 out of a first batch of 228 units. The sale comes amid warnings by analysts about further declines in prices. And at an average price of HK$13,228 (US$1,686) per square foot after the discount in the first price list, the property is going for 26.5 per cent less than the…

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Singapore 

Cabby hits female passenger and pushes her to ground in dispute at Pearl Bank Apartments, Singapore News

A cabby was caught on video hitting and pushing a female passenger to the ground in a dispute that happened at Pearl Bank Apartments on Dec 7 at about 3am. Several Stompers alerted Stomp to the video that has been circulating on WhatsApp. After a tip-off from Stomp contributor Dan, Stomp investigated and confirmed the incident happened at the iconic residential building in Outram. In the video, that appears to be a recording of CCTV footage, the cabby is seen pulling up at a drop-off area with a female passenger sitting in…

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Vietnam 

Market waits for regulations on small apartments – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The property market awaits technical standards for the development of small apartments, which may become a trend to deal with the housing crisis caused by the country’s rapid urbanisation. At the end of last year, the Ministry of Construction gave the green light to HCM City to study the development of apartments with areas ranging from 25sq.m to 45sq.m. The city was allowed to have around 20 to 25 per cent of new apartments fall within this range while waiting for official…

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Property 

Hong Kong’s cheapest apartments since 2014 to go on sale in Yuen Long amid falling prices

Hong Kong’s cheapest homes since 2014 have gone on sale – with one apartment on offer for HK$958,000 (US$122,322) – in Yuen Long in the city’s New Territories. Man Wai-hong, a member of one of the four clans in the area, will on Thursday put three apartments up for sale in Wah On Villa, a village house development. The properties range from 603 sq ft to 746 sq ft in size, and will be offered for HK$958,000 to HK$1.62 million, according to the development’s website. Few takers for latest batch…

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Singapore 

Waterloo Apartments sold for $131.1m, Singapore, Business News

Waterloo Apartments has been sold through a collective sale for S$131.1 million to a wholly owned subsidiary of Fragrance Group. It intends to redevelop the 999-year leasehold property, which has a land area of about 14,369 sq ft, into a hotel. The property is at 64 Waterloo Street in the Bras Basah/Bugis area. Outline planning permission (OPP) has been obtained for a change in the property’s zoning from the existing “residential with first-storey commercial” with a plot ratio of 2.8 to hotel use with a plot ratio of 4.2 or…

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Home 

Lexington Gardens: exclusive apartments in Central London’s newest quarter

[Sponsored Article] The best is yet to come for Nine Elms, Central London’s new residential, business and cultural quarter. The once-controversial £15 billion regeneration of London’s last large-scale industrial estate has created a thriving new neighborhood on the South Bank of the River Thames. With the opening of the new US Embassy last January, Apple heading to Battersea and major infrastructure projects getting closer to completion, Nine Elms is one of London’s most exciting and promising districts. By 2025, the Nine Elms and Battersea regeneration will have added more than…

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