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Demystifying Dubai

Demystifying Dubai

Dubai, a city with a population size of slightly more than three million, has earned a reputation as the most modern and progressive among the seven emirates that make up the United Arab Emirates (UAE), with luxury shopping, ultra-modern architecture and a lively nightlife. The pace of Dubai’s development has been nothing short of amazing, supported by its strong economic success with non-oil Gross Domestic Product (GDP) growth of around 3 per cent in 2018 coming from sectors such as tourism and trade. With Dubai less than an eight-hour flight from two thirds of the world population, it...

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A New Vision For Singapore’s City Centre And Waterfront

A New Vision For Singapore’s City Centre And Waterfront

During the recent parliamentary debate on his ministry’s budget, Mr Lawrence Wong, Minister for National Development, said that Singapore will be rejuvenating its city centre though moves to encourage more mixed-used developments in the Central Business District (CBD) so that “there will be activities beyond office hours”, and that there will be a review of a scheme that has allowed eligible commercial buildings to maximise their use through bonus plot ratios. Mr Wong noted that the Raffles Place, Tanjong Pagar/ Maxwell and Robinson/Shenton areas are dominated by older office buildings, unl...

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5 Design Trends You’ll See At Maison&Objet

5 Design Trends You’ll See At Maison&Objet

On January 18th, Paris’ annual home décor and interior design trade fair launches again in the City of Lights. For the uninitiated, the festival offers a week-long feast for the eyes, giving aesthetes from across the globe full license to indulge. In anticipation of the upcoming show, take a look at some of the top trends you can expect to find this year at Maison&Objet. Paris, France | Propriétés Parisiennes Sotheby’s International Realty Despite its tongue-in-cheek tone, this year’s theme “Excuse My French” is right on the nose when it comes to celebrating the effortless chic...

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SG Property Then And Now #10yearchallenge

SG Property Then And Now #10yearchallenge

List Sotheby’s International Realty took a look at what had happened in the property market in the past decade. Land scarce Singapore has always seen property as a valuable asset class for preserving and building wealth. Singapore’s stable political climate and global transformation has also drawn foreigners looking to invest in the country. Through the years, the property cycle has seen its fair share of ups and downs due to economic performance and the supply and demand of housing. Around 75% of the private housing stock is made up of non-landed homes and the rest ar...

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SIR: Record $112 Billion In Global Sales Volume

SIR: Record $112 Billion In Global Sales Volume

The past year has been an exceptional year for Sotheby’s International Realty. In 2018, the network achieved more than $112 billion USD in global sales volume, the highest annual sales volume performance in the history of the brand. Additionally, 27 affiliated companies surpassed $1 billion USD in sales volume in 2018. Despite the forecast that 2018 would be a slow year for the global real estate market, Sotheby’s International Realty continued to perform at the top of its game to drive a year-over-year sales volume increase that is truly remarkable. Global Growth The Sotheb...

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22 Singaporeans On Forbes’ List Of Billionaires

22 Singaporeans On Forbes’ List Of Billionaires

On 5 March, Forbes released their much-awaited list of the richest people in the world. This year, 22 Singaporeans made the billionaire list published by the business magazine. Several of the Singaporean billionaires are in the property business. Top on the list are Robert and Philip Ng, who are ranked 112 globally with a net worth of US$12 billion. Also on the list are the owners of Pontiac Land, the Kwee brothers, who ranked 311 globally with US$5.6 billion, as well as Chua Thian Poh, founder of Ho Bee Land who came in at 1,511 with his net worth of US$1.5 billion. Among the other n...

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Things To Know Before Buying A Second Property In Singapore

Things To Know Before Buying A Second Property In Singapore

Singapore shines across the globe for its stable economic environment and promise of robust growth for investors. Our hi-tech, culturally rich, and cosmopolitan country has increasingly attracted real estate investors eager to build their portfolios – and prosper enormously. Many are ready to purchase their second home here to capitalize on investment opportunities and earn a passive income. But before you take the plunge, there are a few rules for buying a second property in Singapore that are important to take into account. Your Loan Eligibility May Change If you took out a l...

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Freehold Vs Leasehold Property In Singapore

Freehold Vs Leasehold Property In Singapore

When buying or selling a condo, many people in Singapore prefer freehold property under the assumption that the government won’t be able to intercept it, you can pass it down from generation to generation, and it’s worth more overall. While these are some excellent points, they may not cover the whole truth behind the freehold vs. leasehold Singapore debate. What’s the Difference Between Freehold and 999 Leasehold? The main difference between freehold and leasehold property is their tenure length. Freehold describes a property that can be held indefinitely by the owne...

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Something For Everyone In KLCC

Something For Everyone In KLCC

Located in the heart of Kuala Lumpur, YOO8 serviced by Kempinski is the crown jewel of 8 Conlay, an integrated mixed-use development by KSK Land. Envisioned to redefine city dwelling, YOO8 elevates the art of living with in-house services provided by Europe’s oldest and most established luxury hotelier – Kempinski Hotels. Encompassing two spiralled towers on 3.95 acres of freehold land, the branded residences features exclusive design concepts by Steve Leung & YOO (Tower A) and Kelly Hoppen for YOO (Tower B) with unobstructed views of KLCC and the Petronas Twin Towers. With K...

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REDAS Calls For Review Of Cooling Measures

REDAS Calls For Review Of Cooling Measures

Much have been said and reported about the July 2018 cooling measures.  With effect from 6 July 2018, housing developers are subject to 30% Additional Buyer Stamp Duty (ABSD) of which, 25% ABSD may be remitted subject to certain conditions which include the completion of the project and the sale of all units in five years. The other 5 per cent ABSD is non-remittable and remains payable at the upfront upon the acquisition of the site. The announcement had caught developers by surprise and dampened property transactions and collective sales. The Singapore financial market and property stock...

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