News

Check out real estate news updates

Two of Malaysia’s leading building associations make a green pact

Malaysian developers are being urged to go green by adopting the sustainability rating tool Malaysian Carbon Reduction and Environmental Sustainability Tool (MyCREST). This week, the Construction Industry Development Board (CIDB) Malaysia and the Real Estate And Housing Developers’ Association (REHDA) Malaysia entered signed a Memorandum of Collaboration (MoC) to promote low-carbon and sustainable practices as well…

Meet Shanghai’s most exciting design duo

Some say behind every successful man is a woman. In the case of Lyndon Neri and Rosanna Hu, however, the chemistry between a couple working in tandem has injected kinetic energy into the global architecture scene. The husband-and-wife team, founding partners of the acclaimed Neri & Hu Design and Research Office, has been reaping accolades…

Asian Outbound Property Investment Sets New Record in 2015 at $62 Billion

According to a new report by CBRE, Asian outbound investment into global real estate assets during 2015 was a record-setting. Ada Choi, Senior Director of CBRE Research Asia commented, “Following the positive momentum of last year, Asian outbound investment has reached another record high year in 2015. The low yield environment in Asia continued to…

Hong Kong home sales plunge 70% from last year

The number of residential transactions in Hong Kong plunged by 70 percent on an annual basis last month, as buyers shunned the housing market amidst falling prices and economic uncertainty, reported Bloomberg. According to government data, only 1,807 units were sold in February compared to 2,045 in the previous month. This is a far cry…

Malaysian authorities worry about 70% drop in real estate investments

Approved investments in Malaysia’s real estate sector plummeted by 70 percent to MYR26.9 billion (USD6.58 billion) in 2015 from MYR88.6 billion (USD21.67 billion) in the previous year, according to the Malaysian Investment Development Authority (MIDA). “It is a concern because the drop is substantial,” said International Trade and Industries Minister Datuk Seri Ong Ka Chuan….

What USD1 million can buy you in Singapore?

For USD1 million, you can purchase 452 sqft of prime real estate in Singapore (or a small studio apartment), making it the world’s seventh most expensive place to buy luxury property, noted findings from Knight Frank’s Wealth Report 2016. The city-state fell two places from last year’s report due to property price declines. According to the…

Cambodia Property Awards 2016 celebrates the best in the world of real estate

The winners of the first-ever Cambodia Property Awards were announced at a black-tie gala dinner and awards ceremony hosted at the Sofitel Phnom Penh Phokeethra on 25 February The first-ever Cambodia Property Awards has finally come to a close, with Borey Penghuoth Group, the evening’s most-nominated company, taking home five awards, winning in all the categories in…

Sorry, no more strange buildings in China

China has been known to produce a significant number of tall towers in the last few years, including some of the most unusual architecture in the world, but one person isn’t a fan – the country’s very own President Xi Jinping, who famously reminded developers in 2014 that such projects reflected “a lack of cultural…