International Property | South China Morning Post
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International Property

Australian firm eyes Chinese investors for property trust

Phillip Nyssen, director and founder of Property Joint Ventures

Property Joint Ventures, an Australian firm, hopes to exploit the growing interest in offshore property investments among wealthy mainland Chinese by offering them an opportunity to invest in its privately-run real estate trust.

Wednesday, 29 May, 2013, 3:21am

Malaysia's biggest developer, UEM, taps buyers in land-starved Singapore

Kuala Lumpur is benefiting from Malaysia's foreigner-friendly policies. Photo: Bloomberg

UEM Land Holdings, Malaysia's biggest developer by market value, will start selling 4 billion ringgit (HK$10 billion) of new residential and commercial projects this year, targeting Singaporean buyers.

29 May 2013 - 3:21am

Office market in Perth, Brisbane to slump, bank says

Office rents in Brisbane could fall 6.4 per cent by next year as vacancies rise. Photo: SCMP

Vacancies in Perth's central business district will surge to 17.5 per cent in the next three years from 6.5 per cent now, and in Brisbane will soar by about 10 percentage points to 23 per cent, analysts led by Lou Pirenc wrote in a note this week.

29 May 2013 - 3:21am

Housing is becoming less affordable in Vancouver and Toronto, bank says

Vancouver remains the least affordable city to buy a house in Canada. Photo: Bloomberg

The costs of owning a detached bungalow in Vancouver take up 82.3 per cent of a typical household's income, up 0.1 percentage points from the previous quarter.

29 May 2013 - 3:21am

US housing supply suffers with homeowners lacking equity to sell and buy elsewhere

Las Vegas is one the major metropolitan areas in the United States with the highest negative equity rates. Photo: Getty Images

Forty-four per cent of homeowners with mortgages owed more than their properties are worth or had less than 20 per cent equity in the first quarter, the Seattle-based real estate data company said in a report.

29 May 2013 - 3:21am

Buyers swoop in on Sydney

Buying restrictions in Hong Kong and a weakened Australian dollar have prompted local investors to look at Sydney's property market. Photo: Getty Images/Ingram Publishing

Sdney might be joining New York, London and Hong Kong as world cities with the most expensive housing. That's the Aussie buzz following a white-hot, late-autumn auction period, where even "a dilapidated terrace with rotting carpets and holes in the ceiling" was auctioned for A$800,000 (HK$6.01 million).

29 May 2013 - 3:21am

Foreign companies lured by growth in Asean office market

Rental growth in Shanghai slowed in the first quarter.

International occupiers have shifted their focus from the mainland to the Asean office markets, lured by better economic growth and lower costs, according to property consultant DTZ.

15 May 2013 - 3:06am

Hong Kong property investors switch search to overseas markets

The River Green project in Richmond, Canada, lies close to Vancouver International Airport and next to the Richmond Olympic Oval.

A growing number of Hong Kong property investors are shifting their investment focus offshore - prompting local brokers to widen their sales' lists in order to capture commissions on deals taking place overseas.

15 May 2013 - 3:06am 1 comment

Half of new homebuyers in London market are foreigners

London property has cemented its status as a haven for foreign wealth. Photo: Bloomberg

Foreigners spent more than £3 billion (HK$35.7 billion) on new homes in Britain's capital last year, a 25 per cent increase from 2011, broker Jones Lang LaSalle said.

15 May 2013 - 3:06am 1 comment

Resort interest hot in Japan

Niseko, Japan, known as the 'Aspen of Asia', has become a highly popular skiing destination.

Blame it on the global financial crisis, or global warming: buyer interest has cooled for snow-capped alpine property. According to data from Knight Frank, prime property prices in key ski resorts worldwide have fallen 9.1 per cent since their peak in the third quarter of 2008, and only six of the 17 ski resorts monitored recorded price growth in the financial year ending in June last year.

15 May 2013 - 3:06am

Lucky Real company in Hong Kong seeks buyers for homes in debt-hit Cyprus

Michel Verdy and wife Lynda. Photo: Jonathan Wong

Rather than sitting back to enjoy his retirement, Michel Verdy embarked on a new mission - looking for Hong Kong buyers interested in purchasing homes in Cyprus.

8 May 2013 - 2:33am 1 comment

Investors snap up serviced apartments in Dubai hotel boom

Apartment tower blocks have sprouted along the Jumeirah beach district in Dubai. Photo: Reuters

It took Damac Properties just one day to sell the first 200 apartments in its Hollywood-themed apartment and hotel project as buyers seized the opportunity to invest in Dubai's booming tourism market.

8 May 2013 - 2:33am

Swiss housing market moved closer to bubble territory in first quarter: UBS

Demand for housing is strong in Switzerland. Photo: SCMP

Risks to Switzerland's housing market increased further in the first three months of the year, raising the question as to whether authorities have taken sufficient steps to prevent the bursting of a bubble.

8 May 2013 - 2:33am

Growing number of US homebuyers face shortage of properties for sale

Christian Bell and wife Beth are looking for a new home in a tight market in Grand Rapids. Photo: AP

After a decade as someone else's tenant, the Bells, like a rising number of Americans, are finally ready to buy a home. Yet they're running into an obstacle that's keeping the national housing recovery in check: there aren't enough homes for sale.

8 May 2013 - 2:33am

Limits on Philippines property loans may be tightened further

Amando Tetangco, Philippines Central Bank governor. Photo: Bloomberg

The Philippines has cut borrowing costs, banned foreign funds from special deposit accounts and eased rules for outflows, striving to manage an investment influx lured by economic growth exceeding 6 per cent and improved credit ratings.

8 May 2013 - 2:33am