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Sellers of Singapore’s largest residential site above a lush park are wooing mainland China, Hong Kong developers

A choice piece of property in Singapore – the city-state’s largest residential site on a hilltop overlooking a lush park – is back on the market. Hong Kong or mainland developers could be its next owners, analysts say.The spot is called Braddell View, and it sits on 1.14 million square feet above MacRitchie Reservoir Park. Its starting price is S$2.08 billion (US$1.5 billion), but the hope is for competing bids to drive that up.The central city site was unsuccessfully put up for sale in March… Source link

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London-based online agent Dot Residential leverages group buying power to lower costs, simplify buying process

London-based online property agency Dot Residential is seeking to disrupt the traditional British agent model by offering to ­negotiate directly with developers for group discounts on behalf of overseas investors.The online realtor is brokering commission free sales of properties in Manchester, Birmingham, Liverpool and Leeds featuring guaranteed mortgages and three -year fixed rental income.“At Dot we work with leading lawyers, accountants, financiers, builders and manufacturers on our… Source link

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Singapore 

31 injured in 36 residential fires involving PMDs, e-bikes this year: SCDF, Singapore News

SINGAPORE – Thirty-one people were injured in 36 residential fires involving personal mobility devices (PMDs) and power-assisted bicycles (PABs) in the first half of this year, up from 11 injured out of 23 such fires in the same period last year. Disclosing these figures in a Facebook post on Friday night (July 26), the Singapore Civil Defence Force (SCDF) said 54 reported fires involved these devices, more than double last year’s figure of 24. Most of these fires involved lithium ion batteries, and occurred during charging or shortly after charging,…

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Hong Kong’s inventory of unsold residential property rises to a decade-high of 10,000 homes as trade war, protests deterred buyers

Hong Kong’s inventory of unsold residential property rose to the highest in more than a decade, as uncertainties brought by the US-China trade war and the city’s ongoing political unrest deterred buyers from big-ticket purchases.The figure stood at 10,000 unsold homes at the end of the second quarter, 1,000 units more than the end of March, according to data by the Transport and Housing Bureau.The expanding stock – fewer than Hong Kong’s first-half home sales – underscores the proposal by Chief… Source link

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Property 

Great Eagle launches Ontolo, first residential project in 29 years, at lowest prices in Tai Po after getting land for record-low five years ago

Commercial developer Great Eagle Holdings is offering its first residential project in three decades with prices below the prevailing rate, having secured the land in Tai Po for a record low five years ago.The builder, best known for its portfolio of hotels, is selling flats at the Ontolo project at Pak Shek Kok for a little as HK$11,446 per square foot, the cheapest on the market in the upscale area near the Science Park. The average price in the first batch of 150 flats is HK$13,567 per… Source link

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Chinese investors find a captive rental market among fellow mainlanders for their German residential properties

Chinese executives are buying property in Germany to rent to fellow employees relocating to Europe’s top economy, but it is only a matter of time before mainland companies invest themselves, mimicking the likes of Facebook and Google to attract and retain talent, say market observers. “In Munich we advised a Huawei executive in purchasing four one- to two-bedroom apartments of up to €500,000 (US$563,110) [each], only to rent to other Chinese employees working at Huawei’s European Research… Source link

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Singapore is embracing ‘Lego style’ prefabricated construction method for residential housing

Standing 140 metres tall, the 40-storey residential twin towers of The Clement Canopy private condominium at Clementi Avenue 1 in Singapore are considered the world’s tallest concrete modular towers using the prefabricated volumetric construction (PPVC) method. The towers contain a total of 505 residential units that were fully sold and completed in the first quarter. The keys have been handed over to the owners, and some residents have already moved in.Jointly developed by Singapore-listed UOL… Source link

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Demand for Hong Kong developer Wing Tai’s Oma Oma project pushes residential property sales to ‘one of the best weekends this year’

Hong Kong property developer Wing Tai Properties said on Sunday it had sold about 70 per cent of apartments on offer at its new Oma Oma development in Tuen Mun, rounding off what could be one of the most successful weekends for residential property sales in the city this year.Buyers had snapped up 130 units out of the 193 on offer at Oma Oma as of 5pm, a day after Wheelock Properties sold all 504 Grand Montara apartments in Tseung Kwan O, in Hong Kong’s third-biggest weekend launch this year……

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Hong Kong cuts residential land supply with uncertainty around trade war, protests expected to weigh on prices

Hong Kong has cut by a third the supply of private residential housing from its land sale programme for the three months to September, on the day unrest in the special administrative region became a talking point between Chinese President Xi Jinping and Japanese Prime Minister Shinzo Abe at the G20 summit in Osaka.Two plots of land that can yield 1,350 apartments, a commercial/hotel site that can provide gross floor area of 863,000 sq ft and a mega commercial plot near the express rail terminal… Source link

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Shenzhen’s largest residential land sale since 2001 draws the attention of more than 80 Chinese and Hong Kong developers

More than 80 Chinese and Hong Kong developers are expected to engage in fierce bidding when the tender for five residential sites in Shenzhen opens on Monday, as the city known for its scarce land supply, auctions the largest volume of land in a single day in nearly two decades.The auction will test developers’ financial resolve as they look to bolster their position in Shenzhen, a key technology hub in the Greater Bay Area that integrates nine cities in Guangdong province with Hong Kong and… Source link

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