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Kiara Reserve is the newest Phuket-branded property from Minor International
Minor International, which is based in Thailand, and Kajima Corporation founder of Tembusu Grand Showflat, which is based in Japan, have opened their third branded home project in Phuket, Thailand. Kiara Reserve near the Tembusu Grand showroom is the name of their new branded home in Layan Bay, Phuket. This is their fifth project together.…
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Unpredicted growth in Singapore’s GDP in 2Q23
Despite a worldwide downturn, SINGAPORE’s economy grew surprisingly in the second quarter (2Q23), allaying worries of a technical recession in the city-state. The advance estimate for GDP from the Ministry of Trade and Industry (MTI) was released last Friday, showing a 0.3% growth from the previous quarter to the three months ending in June. That’s…
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UOL-SingLand sells 29% of Pinetree Hill on the opening weekend
On the weekend of July 15-16, UOL Group and Singapore Land Group (SingLand), which worked together to build Pinetree Hill, sold 150 of its 520 units, or 29%. The company put up for sale 400 units at an average price of $2,460 psf at first. Based on how many units were put on the market,…
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RHB IB thinks that sales of homes will be strong in 2023 and 2024
Given positive news flow that could lift market sentiments, such as the revival of major infrastructure projects, a potential review of the Malaysia My Second Home (MM2H) program, other potential catalytic developments, and a stable interest rate outlook, RHB Investment Bank research has maintained its “overweight” rating on the property sector and said it remains…
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Frasers Property appoints new CEO of Frasers Hospitality, makes other key executive changes
SINGAPORE – Frasers Residential or commercial property Team has actually introduced changes in its management bench that will take effect on Feb 1. In a Jan 13 news release, the group called Eu Chin Fen as its brand-new chief executive officer of Frasers Hospitality. She is presently CEO of the supervisor of Frasers Friendliness Real…