Samujana: The Crown Jewel of Thailand’s Koh Samui

Samujana can be found on the cover of the latest issue of Dot Property Magazine.
Click here to download the special double issue
.

The events of the past six months probably have you dreaming about owning a luxurious villa in some faraway tropical paradise. A destination where all you have to worry about is relaxing. A place where the only people that can find you are the ones you want to find you. Chances are your dreams look exactly like Samujana.

This stunning villa estate on Thailand’s resort island of Koh Samui has become one of Southeast Asia’s most iconic residential projects. With a rare blend of modern architecture, idyllic surroundings and world-class service, Samujana is without a doubt the Crown Jewel of Koh Samui.

The upscale development is located between Chaweng and Choeng Mon beaches on the island’s most coveted land plot. Perched on a hill overlooking the beautiful blue waters of the Gulf of Thailand, you can enjoy panoramic ocean and island views that will leave you speechless.

Privacy and space are paramount at Samujana and you will enjoy a laid-back lifestyle here that offers total peace. The estate’s meandering paths take you through a well-maintained, living tropical landscape to a quiet coral cove. Stand along the water’s edge and marvel at the crystal waters or enjoy the view from your private residence. The choice is yours.

When you spend time at Samujana, it slows down and becomes your own. More importantly, it becomes time you cherish forever.

No expense spared in pursuit of perfection

Gary Fell of Gfab Architects was the design mastermind behind Samujana

Knowing they had one of the most stunning pieces of land in the entire world, the developers behind Samujana believed they had to deliver a project that was truly special. This is why they spared no expense in crafting a masterpiece.

Gary Fell of Gfab Architects was entrusted to design Samujana. His grand vision for the project began with the idea of preserving the incredible site while building the villas around natural features he encountered. This means several villas have mature trees and rock formations incorporated into the residences.

Budget and space were no obstacle for Fell, who was empowered to make each villa perfect in its own, unique way. Residences do share some similarities. For example, the living spaces surrounding the pool, including the living room, dining room and kitchen, are incredibly large to add a feeling of liberty and openness.

An important decision was made to use sturdy, hardwearing natural materials in each villa instead of imported designer items. This goes back to the importance of preserving the site and creating something magical as opposed to a place that was luxurious but familiar. Luxury can come in many forms. However, it’s provided in a way you’ve never experienced before at Samujana.

There have been no compromises when it comes to the specifications and building materials used in the villas. Each one features superb quality kitchens and bathrooms that are interwoven with the open spaces. Select villas even contain cinemas and gyms for an extra level of luxury. Ultimately, no two villas at Samujana are alike, but they are all a sight to behold.

Every bespoke villa is a celebration of modern architecture, nature and tranquility. It is a place of quiet in a noisy world. A testament that perfection does exist if you know where to look.

World class service

Amazing views are standard at Samujana

When you own one of the ultra-luxurious residences, you get far more than a dream property in one of the world’s most beautiful locations. You receive complete peace of mind thanks to the five-star level of service provided. A thoroughly trained operating company manages the estate.

What’s more, each villa has dedicated managers and staff responsible for cleaning and housekeeping as well as coordinating with maintenance, gardening and pool service staff to ensure the residences are kept in prime condition. These managers can also support any requests you may have and help facilitate anything you may want during your time at Samujana.

Should you need to return to the real world, it’s possible to rent out your villa via the exclusive Samujana rental and villa management program. Unlike other rental schemes, this is tailored completely around your usage and needs. There are no restrictions on when or for how long you stay in your villa. All you need to do is work out what dates you will be there with your villa manager and they will take care of the rest.

Additionally, Samujana has its own marketing and reservation team that has been building the estate’s name and reputation globally over several years. The estate has been featured in some prominent global publications and reviewed by leading travel experts who have all spoke glowingly about the estate.

Owning a villa here isn’t just about today or tomorrow. It is a legacy. Something that will withstand the test of time to endure. Perhaps this is best summed up by the Samujana vision:

“We are cultivating an iconic, luxury estate community, whose legacy is one of privacy, security and calm, where people can take the weight of the world off their shoulders and be cared for by world class staff. We want Samujana to still be considered one of the world class villa estates 50+ years from now.”

An extraordinary opportunity

This three-bedroom villa is is open, airy and spacious. It can also be yours.

Villas in Samujana do not hit the market very often. With only 27 villas, owning one is among the most exclusive opportunities in the world. It is undoubtedly the acquisition of a lifetime.

At the moment, there are two villas currently available. The first is an absolutely incredible three-level residence with a dazzling array of amenities. There are multiple decks and open spaces offering picture-perfect views of the scenery. You can take a dip in the swimming pool, keep fit in the personal gym or unwind with a massage in the private spa.

The five bedrooms have been spaced out across three levels with no adjoining rooms or connecting walls. Trees, greenery and natural features were left in place for added privacy. Anyone who sees this villa is left in awe of the wonderful design.

You can enjoy a special offer on this incredible three-level residence with a dazzling array of amenities

The second villa currently available at Samujana has three bedrooms and is centered around a marvelous living/dining room that captures the spirit of the estate. It is open, airy, spacious and places the otherworldly surrounds right at your doorstep.

This villa is also notable for the rock feature that was left undisturbed. By building around these rocks, Fell and Gfab Architects have designed a villa that is a work of art. It is a residence with unmatched beauty.

A special offer is currently available for these villas at Samujana. Interested buyers can request more information and find out about the purchasing process by contacting:

Diah Intan Maulidya

Email:

[email protected]

Phone:
 +66 061-201-1170

www.sales.samujana.com


Sathorn’s newest residential icon brings modern living to Bangkok’s CBD

Sathorn’s newest residential icon offers bespoke residences and amenities to meet the needs of modern residents

Sathorn has quickly become a trendy place to live over the past few years. Bangkok’s CBD boast a growing array of upscale restaurants and happening spots in addition to being home to countless companies. The vibrant neighborhood appeals to those seeking the best life has to offer.

Now one residential development is combining this energy with modern contemporary designs and expansive green areas to create a living experience unlike any other found in Sathorn. Supalai ICON Sathorn is an impressive 56-story condominium that will be the pride of homeowners for decades to come.

The stylish tower will be easily recognizable throughout Bangkok’s CBD. But what’s inside is set to surpass the splendid exteriors. It starts with the natural surroundings at Supalai ICON Sathorn. A total of three rai (4,800 square meters) have been set aside for gardens, trees and other green spaces. This creates a serene ambiance most people expect from their home.

Supalai ICON Sathorn features numerous green spaces

Recreation and entertainment are also important parts of home life. In this regard, Supalai ICON Sathorn empowers residents to enjoy the things they love without needing to be inconvenienced.

Active lifestyles are supported with the inclusion of a modern fitness center, yoga area, group cycling studio, climbing simulator and more. Family-friendly features, including a kid’s room and playground, offer fun for everyone. Meanwhile, entertainers will find a movie club and sky lounge to be the ideal place for hosting.

There is no more valuable resource than time in a person’s life. And by providing amenities suited to all lifestyles,
Supalai ICON Sathorn
 ensures residents don’t squander it traveling all over town to pursue their passions.

Sathorn’s newest residential icon caters to modern life

These days, modern professionals expect more from their home. More space. More technology. More convenience. It was important for designers to not only fulfill these requirements, but to do so in a way that guaranteed a bespoke residence.

Supalai ICON Sathorn features one- to four-bedroom suites with sizes starting at a robust 42 square meters. This spaciousness was combined with a home automation system, digital door locks and a number of other innovations to curate a modern living experience.

An iconic location

When creating ICON Sathorn Supalai, developer Supalai was very purposeful in its design understanding the unique plot of land the development sits. This site was formerly home to the Australian Embassy in Bangkok and was very well known for its lush greenery which was visible to just about anyone driving past it.

In many ways, this project carries on the site’s legacy and even takes it one step further. ICON Sathorn Supalai is helping write the next chapter of Sathorn and residents will be there to see the story unfold.

Learn more about how you can secure a residence in ICON Sathorn Supalai


Savills bolsters its property management operations in Asia with Merx Group acquisition

Merx CEO William Forwood will also serve as Managing Director, Savills Project Management Asia

Savills acquired the Merx Group of companies as it ramps up its property management operations in Asia while adding to its real estate consulting capabilities. Merx has more than 20 years of experience in the region and has worked with a number of blue chip clients.

“Savills existing project management platform across APAC already consists of approximately 350 professionals located across Mainland China, Hong Kong, Japan, South Korea, India, Singapore, Malaysia, Australia and New Zealand,” Christian Mancini CEO Asia Pacific (ex-Greater China), explained. “Project Management, as a service line in its own right, is key to our strategy for the region, as well as providing support and technical input to other service lines: transactional, property management and consulting services.  We recognize the knock-on value which this partnership will deliver for Savills and our clients.”

As part of the deal, Merx CEO William Forwood has been appointed as Managing Director, Savills Project Management Asia while continuing in his role of Group CEO. Forwood led a team of some 50 professionals with vast multi-sector experience covering workplace, data centers, industrial, hospitality and retail requirements across Asia.

“The joining of forces between Merx and Savills represents a significant next step for the business that we have built and nurtured for more than 20 years. The business and its reputation are something which all our staff are incredibly proud of. In Savills, we identified a group which understands and reflects the same ethos of high-quality client service, care and professionalism that has supported our own growth and longevity,” Forwood said.

He continued, “With the combined resources of an expanded project management platform in APAC and the global reach of Savills, I am extremely excited about the opportunity to provide a more comprehensive service to our clients across a wider geography.”

Read More:

“New Normal” sees retailers rethink their real estate approach in Thailand


Scarcity to drive UK prices

British property portal Home.co.uk is predicting further price rises this year as available housing stock continues to fall.

House prices, is says, are set to continue rising during 2016 due to a lack of available housing stock in the property market. Latest figures from Home.co.uk’s
December Asking Price Index
 showed there are 47 percent fewer properties for sale now than in December 2007.

This month, there were just 405,278 properties on the market in England and Wales, down 16.1 percent on December 2014’s figure of 483,224. This, it said, is creating a vicious circle of price hikes that are set to continue throughout 2016, and will follow a rise of 8 percent in England and Wales’ property prices in 2015.

Already, regions with the biggest shortages of available housing for sale are experiencing the quickest price rises, with the East of England in particular set for continued rapid price hikes next year. Between November 2010 and November 2015, the supply of property in the East slumped by 27 percent, while prices in the region rocketed by 10.6 percent over 2015.

Scotland’s housing supply fell by 13 percent between November 2010 and November 2015. Other areas where the supply of properties for sale dried up over the same period include the East Midlands, which saw a fall of 12 percent, and the West Midlands where supply dropped by 11 percent. The South East is another region to experience a drought in the volume of property for sale with supply falling 10 percent over the same period.

Only two areas saw an increase in housing stock for sale between November 2010 and November 2015; Yorkshire and the Humber where supply increased by 10 percent, and Wales which saw a 2 percent rise.

For 2016 Home.co.uk is predicting a similar range of regional price rises as seen in 2015. However, due to further contractions in supply the East of England and the South East are expected to outperform Greater London during the next 12 months.

Property buyers in Scotland, the West and East Midlands, and the South West are advised to brace themselves for a year of rapid price growth as the supply crisis ripples out to these regions.

Meanwhile, typical time on the market has also fallen due to this imbalance between high demand and low supply. In England and Wales, the typical time on the market in December this year was 104 days compared with 110 days a year ago.

Home.co.uk Director Doug Shephard said: “Next year is set to see the vicious circle of spiralling prices and falling supply deepen even further as buyers take advantage of cheap credit to chase ever fewer properties.

“The low interest rates that have allowed the UK government to service extraordinary debt levels and fuelled an artificial house price boom look set to stay.”


Score big with London property by investing near Wembley Stadium

England’s World Cup journey excited fans across the globe. And while there is no way to invest in Gareth Southgate’s team, the next best thing is a property purchase around England’s famous home, Wembley Stadium. Respected London property specialist GIHLondon is representing Anthology Wembley Parade in Asia.

This is a beautiful development that is part of the regeneration master plan for Wembley. It is a short walk from Wembley Stadium, Sse Arena and London Designer Outlet while the Wembley Park tube station can be reached in four minutes on foot.

Not only is this area bustling with events throughout the year, but it’s to get to Baker Street and other places thanks to the nearby tube and over ground rail connections. For example, London’s Zone 1 can be reached in a little more than 12 minutes. Additionally, many of London’s top universities are within 30 minutes of Anthology Wembley Parade.

See more:
Signup for the FREE, exclusive Wembley Anthology Parade project launch in Bangkok

Anthology Wembley Parade consists of five buildings including a 12-floor tower. It boasts one of London’s most efficient designs with ample space found throughout the homes and common areas. Landscape gardens surround the site while an under-coft area links the development’s south gardens to Wealdstone Brook.

There are 195 units available in the project with one-, two- and three-bedroom residences available. A key feature is the interiors that have higher than average ceilings with full height doors to ensure a spacious and fluid living space that echoes open plan living.

The exterior view of Anthology Wembley Parade. Buyers in Asia can learn more about it during an upcoming Bangkok launch

Not only will the project be a hit with residents, but the surrounding area should prove to be popular as well. A total of 8,000 jobs within 10 minutes of the apartment are going to be created in the coming years. This will support the rental market. The nearby area also boasts excellent local amenities and a new school as well as countless bars and restaurants. Experts believe the neighbourhood around Anthology Wembley Parade is primed to become a new community for young professionals to live and work.

This is a unique opportunity for investors since Anthology Wembley Parade is the only development from the Quintain redevelopment scheme that can be privately owned. Units are available on a 999-year leasehold basis. The developer expects Anthology Wembley Parade to be completed in the second quarter of 2020.

Turn-key London investment solutions from GIHLondon

GIHLondon is an independent, Hong Kong-based operation with more than 30 years of experience in assisting London residential property investors. The firm works with nationals and expatriates in Asia and the Middle East wishing to invest in London real estate.

The company has an excellent track record of success, facilitating 200 sales per year on average. GIHLondon has generated a total value in excess of UKP 1.5 billion to date.

It considers properties in all areas of London, both established and developing, in which there is potential value. The firm focuses on building, marketing, furnishing and letting properties on behalf of its clients. GIHLondon utilises a turnkey service to provide clients with a fully-managed property investment.

Units offered by GIHLondon are designed and located to maximise returns for investors. Clients enjoy peace of mind knowing they are acquiring a commoditised property that can be judged by performance alone. This differs from most other real estate investments that usually look to entice sales based on an emotional angle.

Developments such as Anthology Wembley Parade are of the highest quality, so investors need not worry about placing their money into an inferior product. Meanwhile, GIHLondon is constantly working with clients to find the most appropriate way for them to achieve a consistent and above market average yield.

This is something that differentiates GIHLondon from more traditional real estate investment companies representing UK properties. The firm’s full suite of in-house services allows it to do everything from pre-sale advice to managing tenants and properties. It also reduces the risk of renting property and diminishes administrative headaches for the overseas investor.

Anthology Wembley Parade is holding an exclusive sales launch in Bangkok on 25 August. It is free to attend, but seats are limited. Sign up today to ensure you can get in!

Click here to book your spot
!


SE Asia boost for JLL

Real estate firm JLL has announced that Dr, Chua Yang Liang, the Head of Research for Southeast Asia, will be spending more time on strengthening the firm’s research and consulting offerings in the emerging Southeast Asian markets.

To allow him to do this the firm has appointed Tay Huey Ying (pictured) as Head of Research for Singapore with effect from March 1, reporting to Dr Chua.

Huey Ying will work closely with both Dr. Chua and Ong Teck Hui, National Director, Research & Consultancy, to continue to provide research support to local and regional clients including the media. Ong will also be taking on an additional role as strategic advisor to the Singapore research team, and will continue to be active on the residential market research front.

As Head of Research for Singapore, Huey Ying will be assisted by a team of analysts covering residential, commercial, industrial, retail and capital market research in Singapore.  She will join the JLL team of media spokespersons, covering matters relating to the Singapore property market other than residential, which will continue to be fronted by Ong.

Dr. Chua said: “Huey Ying’s appointment comes at a crucial time as JLL continues to strengthen our research support to meet the growing needs of the business across Singapore and Southeast Asia. The search for another senior researcher in Singapore has long been on my agenda and Huey Ying comes as the best candidate for this role as well as the team. With her on board, I am looking forward to spending more time with the research teams across Southeast Asia to strengthen and enhance our primary and applied research services and products.”

Huey Ying has extensive experience in Singapore, having previously led the research team at Colliers International before assuming a consultant role with the firm while at the same time, serving as an academic at Ngee Ann Polytechnic since 2010. She has over 24 years of real estate experience in Singapore with over half that time in research and advisory roles.

“Huey Ying’s past experience in advisory and research work would be invaluable in supporting the research and advisory functions in Singapore and I am confident she will not only be able to support media relations but also the needs of our internal and external clients,” added Dr. Chua.

“I am delighted to be given the opportunity to join JLL and am looking forward to working together with Dr. Chua and Mr Ong to continue to grow and strengthen the firm’s research offerings, with the ultimate objective of empowering clients with knowledge for success,” said Huey Ying.

She has a BSc Estate Management (Hons) from the National University of Singapore and is married with three children.


SEA Property returns to its roots with recent rebrand

Family has always been a big part of SEA Property since the company was founded in 1997. Family was also a driving force behind the leading real estate agency’s decision to rebrand after a successful five-year partnership with Coldwell Banker.

“We are moving back to our roots as a family business. We had a great partnership with Coldwell Banker, but it is a corporate franchise with its own goals and values. It made more sense for us to have our own name in order to better achieve the goals we have,” Norbert Witthinrich, SEA Property Owner and Director, explains. “Going back to our roots allows us to really focus on what we value and want to be.”

SEA Property established itself as Phuket’s best real estate agency over the years through its unique ability to build relationships. This is something it will lean into even further as part of rebranding efforts.

“For 25 years, we have worked to create partnerships with people that extend beyond buying a property. Our new focus allows us to do more things to further that mission,” Norbert details. “For example, we can now provide property management services to ensure that when someone purchases a home in Phuket, it is professionally maintained and increases in value.”

Norbert Witthinrich, SEA Property Owner and Director

However, this is only a start. SEA Property is rolling out several new and innovative ways to share its unmatched knowledge of all things Phuket to a wider audience. For example, Norbert’s daughter, Victoria Witthinrich,
is showing people the best of what the island has to offer on YouTube
.

“We can show people not only properties in Phuket, but the lifestyle as well. Our YouTube channel gives us a platform to share our knowledge of the island with the world and it is something that can be helpful to clients as well as anyone interested in Phuket,” Norbert says.

Another initiative sees SEA Property partner with noted wealth management coach Alan Yip via its More Than Wealth program. He can provide insights on life planning, help families raise responsible children of wealth and offer advice on many other topics.

“For us, it is not about selling a property. We’re always searching for ways on how we can assist people in making their life fuller. Working with Alan is another way we support clients and help them create the lifestyle they want for their entire family,” Norbert says.

Read More:

SEA Property sets the bar for real estate in Phuket

SEA Property builds bonds that last

The SEA Property family builds meaningful bonds that extend beyond real estate

When someone asks a question, SEA Property doesn’t simply have an answer. After two decades on the island, it has the experience to answer. This is something they want to share with those wanting to call Phuket home in one form or another.

“Relationships never really end. That is why we strive to build lasting bonds with the people we work with. Our partnership doesn’t stop once a contract is signed,” Norbert proclaims. “Our aim is to be there for them during move in and while they are here in Phuket. And, with our property management service, we can now look after them while they’re away.”

SEA Property’s rebrand has allowed the company to return to its roots which were built on family bonds. But it was also done with the future in mind. The move provides the agency with greater freedom to pursue what it values most today while ensuring the next generation can build upon what has already been accomplished.

“Phuket is home for us and has been for 25 years. When we look into the future, the important thing is to leave this business in a strong position for the next generation,” Norbert concludes.

The best way to understand the level of service, care and commitment SEA Property provides is to experience it for yourself. Speaking with their team isn’t simply a chat about what real estate in Phuket is available. It’s a conversation about the endless opportunities available to you on the island.
Click here to learn more about what the agency offers
.


In search of the ultimate luxury residence…

The Four Seasons Private Residences at 706 Mission Street, San Francisco offers sublime views of "The City by the Bay"

This is the first article in a series that will grant you a sneak peek inside some of the most luxurious residences around the world. Today we head to “The City by the Bay” and explore Four Seasons Private Residences at 706 Mission Street, San Francisco.

The Four Seasons brand is synonymous with luxury. And when it comes to the luxury residential experience, it is no surprise that Four Seasons Private Residences ranks among the best. With 39 branded Private Residence properties around the world, these homes offer personalized services and a distinctive elegance not found anywhere else.

Four Seasons Private Residences at 706 Mission Street, San Francisco is the latest addition to this collection. Those familiar with the world-renowned hotel brand and other Private Residence properties will immediately be drawn to the one-of-a-kind experience only offered by Four Seasons.

Let’s start with the design of Four Seasons Private Residences at 706 Mission Street, San Francisco which is being done by the highly acclaimed Handel Architects. The firm has carefully tailored the development to ensure both historic authenticity and modern innovation spread across two contrasting towers embody all things San Francisco.

The historic Aronson Building (front) is one of two buildings that comprise The Four Seasons Private Residences at 706 Mission Street, San Francisco

There is the new 45-storey tower where you will find spacious residences with stunning views of San Francisco Bay. Each one has been sized similar to a grand estate home with four residences per floor. The historic Aronson Building will also be incorporated into the project. Dating back to 1903, the building managed to survive both the 1906 San Francisco earthquake and the 1989 Loma Prieta earthquake. It is being completely restored and repurposed as part of the project and will house a cultural museum along with a select number of luxury residences.

“Juxtaposing the new and the historic has provided us with a wealth of architectural opportunities,” Glenn Rescalvo, Principal and Lead Architect at Handel Architects, explained. “We embraced the opportunities for more spacious, individuated residences, with fewer homes per floor and a much greater mix of floor plans. These residences are much more like custom designed homes than condominium units.”

Located in the popular Yerba Buena district, The Four Seasons Private Residences at 706 Mission Street, San Francisco is steps away from Yerba Buena Gardens and several cultural hubs that have made this one of the city’s most coveted addresses.

The location and design are accentuated by the unwavering amenities and unmatched service Four Seasons takes pride in providing. The Club features a lounge, outdoor terrace, bar, dining room, game room, library and world-class fitness and wellness center staffed by a dedicated attendant. It isn’t simply about function, however. This space is a warm and welcoming place to gather and be an active part of the community.

The Four Seasons Private Residences at 706 Mission Street, San Francisco overlooks Yerba Buena Gardens

With The Four Seasons Private Residences at 706 Mission Street, San Francisco being a residential-only property, all attention is directed to the select few living here. There is an on-site Director of Residences that oversees a full suite of services including 24-hour concierge, security monitoring, valet parking, housekeeping of shared areas and more. It is an experience only Four Seasons can provide.

The Four Seasons Private Residences at 706 Mission Street, San Francisco is set to be completed in 2020. The development manages to capture the history of its local surroundings while creating an exclusive luxury residence to meet the tastes of even the most discerning individual. Not only does it meet the lofty expectations of The Four Seasons, but it surpasses them thanks to its special combination of history and modernity. These residences are rare masterpieces perfectly suited for San Francisco and can be considered an ultimate luxury residence.


In search of the ultimate luxury residence…Part 4

The unique circular design of The Imperium at Capitol Commons creates some amazing views

This is the fourth article in a series that will grant you a sneak peek inside some of the most luxurious residences around the world. We’ve already visited San Francisco, Bangkok and Ho Chi Minh City. Now we are off to Metro Manila.
Click here to read part one
,
part two
 and
part three.

Luxury property in Metro Manila has caught the eye of international real estate investors
. But what is driving this demand? The quality and craftsmanship found in the city’s luxury residences are second to none. The Imperium at Capitol Commons is a perfect example of the high standards found in the Philippines.

Located in Capitol Commons,
one of the most desirable places to live in Metro Manila
, this high-rise condominium will be among the tallest buildings in the country once finished.
The tower is circular with each floor having a maximum of four units
. This allowed developer Ortigas Land to create radiant, spacious residences.

And while you may not realize it, several small design features inside The Imperium at Capitol Commons accentuate everyday life. For example, windows have been pushed slightly forward to provide immersive views of the Metro Manila skyline. Another innovative feature is the beamless ceilings which create more space in each unit.

Every unit at The Imperium at Capitol Commons is amazing, but you can’t help but marvel at the development’s luxurious penthouse. With three bedrooms and 311 square meters covered with only the best fittings and finishings, luxurious doesn’t begin to describe it.

A look at the outside of The Imperium at Capitol Commons

The Imperium at Capitol Commons has a full range of upscale amenities for residents to enjoy. The infinity-edge pool is ideal for weekend afternoons, the landscaped garden decks ensure a peaceful retreat is always available, the high-performance fitness facility makes it easy to stay in shape and the opulent grand lobby makes coming home feel like a special occasion.

Finally, the location of The Imperium at Capitol Commons places you in the center of an up-and-coming district. In addition to several leading residential developments, Ortigas Land is also building offices, a luxury mall, a supermarket and the highly anticipated Gastro Hub in this area. All of this is spread out amongst a large green space with pedestrian-friendly connecting everything.

Luxury residential developments in Metro Manila are competitive with those found elsewhere in Asia. Developers spare no expense in creating truly memorable living experiences. And there is no project quite like The Imperium at Capitol Commons.

Click here to learn about the remaining penthouse for sale
 in The Imperium at Capitol Commons.


In search of the ultimate luxury residence…Part 5

This is the fifth article in a series that will grant you a sneak peek inside some of the most luxurious residences around the world. We’ve already visited San Francisco, Bangkok, Ho Chi Minh City and Metro Manila. Now we are off to Kuala Lumpur.
Click here to read part one
,
part two
 and
part three
 and
part four
.

When it comes to luxury homes in Malaysia, the story begins and ends with The Ritz-Carlton Residences, Kuala Lumpur. The property provides so much more than a posh place to live. Residents are able to enjoy the legendary lifestyle only the Ritz-Carlton brand can provide.

As you would expect, The Ritz-Carlton Residences, Kuala Lumpur offers a superior standard of living that no other property development in the city can match. There are amazing facilities, stunning residences and, of course, the brand’s hallmark service.

The Ritz-Carlton Residences, Kuala Lumpur outdoor space

But what makes The Ritz-Carlton Residences, Kuala Lumpur truly special is the fact there is no hotel onsite. This is different from other hotel branded residences where there is usually both a residential and hotel component in one building. The end result is a private property catering those searching for unmatched exclusivity. Residents can enjoy total peace of mind knowing their space isn’t being shared with guests.

From the minute you pull into the entryway, you can’t help but be impressed with the property. There is a valet on hand to take care of parking. Once inside, the tasteful grand lobby awaits. It is staffed by a concierge who is there to assist residents in any way possible.

On the ninth floor of The Ritz-Carlton Residences, Kuala Lumpur is The Sky Lobby with a wide range of amenities, including the Club Lounge, available to those living here. The open terrace and gardens allow you to soak in the KL’s vibe with its beautiful views of the city. There is also an infinity-edge pool with plenty of poolside cabanas along with a cutting-edge fitness center that has its own training room.

The homes are just as well-appointed with one-, two- and three-bedroom residences available along with a limited number of larger penthouses. However, these are not simply cookie-cutter units. Owners can choose between three distinct design concepts to ensure a curated space that is tailored to your own preferences.

Unit owners can choose between three unique design styles

Each design style features only the finest furnishings along with marble countertops, brand name appliances and luxurious finishings. No expense has been spared in creating a wonderful residence befitting of The Ritz-Carlton name.

Units inside The Ritz-Carlton Residences, Kuala Lumpur are available on a freehold basis meaning the honor of owning such a prestigious property can be handed down from one generation to the next.

Click here to learn about units for sale
 in The Ritz-Carlton Residences, Kuala Lumpur.


In search of the ultimate luxury residence…Part 6

Samujana offers the ultimate in luxury living for those wanting their own tropical paradise

This is the sixth article in a series that will grant you a sneak peek inside some of the most luxurious residences around the world. We’ve already visited San Francisco, Bangkok, Ho Chi Minh City, Metro Manila and Kuala Lumpur. Now we are off to the beaches of Thailand.
Click here to read part one
,
part two
,
part three
,
part four
 and
part five
.

Every wonder what life would be like if you lived in a magnificent villa along one of Southeast Asia’s most beautiful beaches? Wonder no more because it’s possible at Samujana. Located in Koh Samui, this upscale development is situated between the picturesque Chaweng and Choeng Mon beaches on the island’s most coveted land plot.

Simply put, these views are some of the most stunning in all of Thailand. But there is far more to the development than these gorgeous overlooks. It all starts with the privacy and space afforded to you at Samujana.

These allow you to enjoy a laid-back lifestyle here that offers total tranquility. Whether you are taking a stroll down the meandering paths, resting amongst the living tropical landscape or reflecting at the quiet coral cove, time spent here is truly your own.

Samujana villas are each unique in their own way

Understanding the beauty of this space, the developers of Samujana want to create a residential masterpiece. In order to do that, they needed to create luxurious villas that could not be replicated anywhere else.

Gary Fell of Gfab Architects was entrusted to carry out this mission. His grand vision for Samujana began with the idea of preserving the incredible site. By building the villas around natural features he encountered, each one would be unique to the project. Several villas have mature trees and rock formations incorporated into the residences.

Budget and space were no obstacle for Fell, who took this opportunity to make each villa perfect in its own, unique way. One of Fell’s boldest decisions was made to use sturdy, hardwearing natural materials in each villa as opposed to imported designer items.

This decision ensured the site could not only live on in it all its beauty, but also make Samujana impossible to duplicate. Luxury has been retained through the superb quality kitchens and bathrooms that are interwoven with the open spaces as well as the next level amenities found in the residences.

An emphasis on service provides owners with complete peace of mind. Each villa has dedicated managers and staff responsible for cleaning and housekeeping as well as coordinating with maintenance, gardening and pool service staff to ensure the residences are kept in prime condition.

At the start of the article we mentioned what would be it like to live you, and while it would be amazing to spend 365 days here, chances are you do need to return to the real world. When that happens, Samajuna has you covered.

The exclusive Samujana rental and villa management program means your property will generate income whilst you are away. Unlike other rental schemes, this is tailored completely around your usage and needs. There are no restrictions on when or for how long you stay in your villa. All you need to do is work out what dates you will be there with your villa manager and they will take care of the rest.

A special offer is currently available for select villas at Samujana. Interested buyers can request more information and find out about the purchasing process by contacting:

Diah Intan Maulidya

Email:

[email protected]

Phone:
 +66 061-201-1170

www.sales.samujana.com


In search of the ultimate luxury residence…Part 3

Sunshine City Saigon was named Best Luxury Condo Development Vietnam at the Dot Property Vietnam Awards 2019

This is the third article in a series that will grant you a sneak peek inside some of the most luxurious residences around the world. Today we visit Ho Chi Minh City to learn more about the award-winning Sunshine City Saigon.
Click here to read part one.

Read part two here
.

Demand for luxury apartments in Vietnam has been strong during the past few years. Developers eager to tap into this market have been challenging themselves to craft residences that cater to the needs of the modern resident. A lot of this activity has come in Ho Chi Minh City and upscale real estate here is more advanced than many people realize.

However, luxury property in Vietnam was forever changed when Sunshine Homes – A Member of Sunshine Group – launched Sunshine City Saigon. The developer worked diligently on the project to ensure it surpasses all expectations. From gold-plated interiors to cutting-edge technology and a dedicated mobile app, the condominium allows residents to enjoy the best life has to offer.

It elevated the entire Ho Chi Minh City luxury property market. For starters, Sunshine City Saigon has been planned like a miniature smart city with resort-style amenities providing those living here with a fresh living experience in the heart of Ho Chi Minh City.

You will find a multi-purpose sports area, park, inter-city promenade, infinity pool, library, spa, schools and children’s play area at Sunshine City Saigon along with an upscale retail area filled with shopping and dining options.

The unit interior can be customized according to the buyer’s needs

The entire development, from common areas to units, are part of the Smart Living 4.0 ecosystem that improve day-to-day life. Residents can remotely control electrical devices, lighting equipment and curtains in their home. This newly developed technology allows for unmatched security throughout Sunshine City Saigon. The project even has a Smart Parking system that locates and reserves a parking space before you arrive.

Going inside the luxurious units, each one has been fitted with high-class, imported materials. Bathrooms feature Kohler products while Eurowindow windows provide unmatched noise proofing. Progetto Lusso, a leading association of craft furniture manufacturers from Italy, has been selected to provide and consult apartment interior design packages according to each client’s unique needs.

The architecture of Sunshine City Saigon takes inspiration from European neoclassical style. In order to enhance these features, a neutral color palette has been utilized. That adds an aesthetically pleasing apperence which ties everything together.

Sunshine City Saigon also has a luxurious location near the Ca Cam River. The location is inspired by the most prosperous cities in the world, such as Monaco, Paris or London which all line bodies of water. The developer has also incorporated a green living environment that flows from the nearby surroundings to the development and feels both tranquil and exclusive.

Featuring a stunning array of modern luxuries, Sunshine City Saigon the project was recognized for its contribution to the Ho Chi Minh upscale residential sector.
The project won Best Luxury Condo Development Vietnam at the Dot Property Vietnam Awards 2019
, cementing its status as one of the world’s ultimate luxury residences.


In search of the ultimate luxury residence…Part 2

The jewel box-inspired exterior at 28 Chidlom gives the project a unique appearance

This is the second article in a series that will grant you a sneak peek inside some of the most luxurious residences around the world. Today we visit Bangkok to explore 28 Chidlom.
Click here to read part one.

You can’t help but be amazed by 28 Chidlom as you gaze at its exterior. The two-tower development features jewel box-style lofts that create a unique exterior. So unique in fact that the project has become a landmark in Bangkok’s ritzy Chidlom neighborhood. Developer SC Asset wanted a distinctive appearance and the interplay of depths the lofts create allows for the building to have one of the most distinctive façades in the city.

However, the interior design is just as appealing as the exterior. The loft-style design at 28 Chidlom means all residences have a ceiling height of at least three meters. All units were meticulously designed to ensure optimal space usage.
Each one comes fully fitted with premium materials that help combine function and design
.

Residences also come with full-height windows that allow natural sunlight to shine through while providing breathtaking views of Bangkok. Additionally, the latest in window technology has been used to ensure residents are insulated against heat and noise. All of the features have been incorporated into every last unit to guarantee those living here will always have the best in privacy and comfort.

When you venture outside your residence, a world of wonderful amenities awaits. You’ll find lush gardens on the ground floor as well as a stylish reading lounge where you can get some work done or curl up with a good book.
The 18
th
 floor of the Villa Building and 44
th
 floor of the Tower Building
 host swimming pools and fitness centers with spectacular overlooks. And on the 12
th
 floor of the Tower Building, there is a heated swimming pool that is covered as well as a steam room and sauna.

A heated swimming pool can be found on the 12th floor

The amenities at 28 Chidlom help the condominium feel like a home. There are places to relax, exercise or simply reflect. And when you are ready to explore, central Bangkok is at your doorstep. The exclusive location places you steps away from the legendary Central Chidlom department store and the Bangkok Skytrain. The popular Gaysorn District and Central World are also a short-walk away.

Chidlom is also home to some of the most popular dining spots in Thailand. On the nearby Langsuan road you will find the world-famous Gaggan restaurant as well as the popular Italian establishment Per Te. You will also find several boutique coffee shops all around the neighborhood. Finally, there are countless entertainment options around. Chidlom truly is one of the most sought after addresses in all of Bangkok.

The best luxury residences combine everything to create a special experience. When you factor in everything, 28 Chidlom has that luxurious experience which is unmatched by other projects in Bangkok.

28 Chidlom has become part of the Bangkok skyline

You can enjoy the vibrant side of Bangkok that makes the city so popular before retreating back to your home. The moment you enter 28 Chidlom, the lush greenery on the ground level provides a much-needed respite from the concrete jungle. Amenities offer you with rare spaces to unwind and live the life you want. Once you enter your residence, the spacious layout and unique style are the only place you need.

28 Chidlom is move-in ready with a select number of corner units still available. The project’s luxury credentials are backed by its status as an award winner as 28 Chidlom took home
Best Luxury High Rise Condominium at the Dot Property Southeast Asia Awards 2019
.


Secrets of rental success

During 2015 overseas real estate brokerage Tranio received more requests than ever for foreign commercial property in reliable markets. Considering the current climate it’s actually not surprising. The main source of business for the portal is Russian and CIS investors who have seen the value of their assets wiped out by the devaluation of their currency.

It may seem a bit counter-intuitive that they wanted to buy in places that had become twice as expensive, but there is a rather simple explanation. The crisis forced investors to consider options that would safeguard their remaining capital from further currency risk, while diversifying their assets at the same time.

Times are changing and, according to research and experience in overseas investments, Tranio noted there are now two main types of investment strategy:

Preventing future losses, pursuing stable and reliable assets with what is left of the investor’s funds.

Reinvesting profits, making money on the capital that has been saved.

Proponents of both strategies are choosing commercial property, which they consider to be the most promising, but when it comes to buying they have a problem. This type of property (e.g. office spaces, supermarkets and street retail) require either more funds or do not meet their needs and expectations.

For example, in the mid-price segment (€100,000 to €500,000) investors must choose between high-risk commercial properties with high yields (of between 6 percent and 7 percent per annum) or reliable residential property with low yields (of between 2 percent and 3 percent). This is why many investors frequently decide to just keep their assets in cash.

There is an investment vehicle that offers an attractive balance of yields and risk: short-term rental flats which are affordable – even on small budgets.

The short-term rental strategy

Short-term rental investments target apartments in the central districts of big cities with stable property markets. By renting them out for short periods and with efficient management, the owner can earn up to 5 percent net yields (higher than long-term rentals) in a foreign (and stronger) currency, while keeping risks at bay (i.e., at the same level as long-term rental earning between 2 percent and 3 percent yields).

How to plan your investment

Define a budget (from €100,000)

Market analysis

Nowadays it’s easy, even for non-professional. Airbnb shows average rental rates for each city district, it also shows what types of properties (number of rooms, access to public transport, wi-fi, etc.) are the most popular. Studying these characteristics and the occupancy of the property (is it fully booked?) helps to understand what demand and needs are in the market.

Collect information
 on local real estate agencies and property management companies.

Make appointments with agencies and travel to the location. Spend between three and five days on property viewings.

Select the most suitable property and get the paperwork started

Short-term or daily holiday rental accommodation can be managed in two ways, either personally by using platforms like Airbnb, or with the help of a professional management company, a popular trend that took off about two years ago. This type of accommodation is in great demand in leading cities around the world. Research from Tranio showed that 57 percent of flats in London’s Westminster district and 23 percent of all the Paris flats are rented via Airbnb, and these figures are growing every year.

By investing in short-term rentals, in addition to good net yields, owners are also choosing property that is easy to sell because it is in demand as well as excellent capitalisation potential. In other words these flats can be sold quickly with no discount because they are popular with local buyers. Moreover, this type of real estate is more affordable because prices start as low as €100,000. These flats can also be used for holidays and business trips and even a residence in case of “force majeure”.

Financing the purchase and structuring the rental business

Getting a loan

Many countries allow foreign buyers to take out a mortgage with a maximum loan-to-value ratio (LTV) of 60 percent at a rate of between 2 percent and 5 percent annual interest. The best way for non-national to get a good deal on a loan is to work with a local agent or broker who is well connected and can negotiate better lending terms. When the rental yields exceed the interest on a loan, this “leverages” the investment: each borrowed euro increases the yields proportionally to the interest rate.

Acquisition tax applies to any property purchase and varies depending on how the transaction is structured it (e.g., personal purchase or via a legal entity). In the U.K. for example, buyers pay Stamp Duty, but in other countries it can be called Land Tax or Property Transfer Tax, which is usually about 2 percent to 4 percent of the property price.

Rental income tax is imposed by the country where the property is located and usually ranges from 15 percent to 25 percent. Local tax advisors are necessary in order to structure the investment in the least costly manner possible because many expenses can actually be deducted from the taxable base, such as mortgage repayments, management expenses and even air tickets cost.

Registering the purchase to an individual or legal entity depends on how many flats are in the portfolio. When starting out the first few properties can be registered to an individual – further down the line, if and when there is more activity, it will probably be more profitable to register as a business. For example, in Germany the tax scale is flat for legal entities and progressive for individuals. Therefore, running a short-term rental business as a GmbH (LLC) is more profitable when annual profit is €200,000 or more.

Where to buy

First and foremost, it is important to choose a country and city that have a stable property market. Elements to look out for are demographics (i.e., growing population) and rising GDP. Property in these places will be easier to sell and reduce the risk of selling the property at a loss if there is a market downturn in the future. Additionally, property prices grow faster.

Good locations for short-term rentals are cities with a developed travel industry and business environment that, in turn, guarantee demand for the property throughout the year (as opposed to seasonal demand).

Finally, always check if that it is possible to legally register this activity as a business, because short-term rentals drive long-term rental growth and can be considered competition for hotels. Cases-in-point include Barcelona, Amsterdam and Berlin that don’t currently issue licenses for short-term rental activity. Skirting this responsibility can be costly. Take Munich for example, where running an unauthorised short-term rental business can incur a penalty of up to €50,000.

Attraction points increase occupancy

Amenities and attractions in the area that enhance occupancy rates are important to keep the property full throughout the year. For example, some cities are renowned tourist destinations and have a wide range of things to do.

Investing in property is a business that requires serious thought before signing anything because, while it is one of the most reliable investments, poorly thought out decisions can cost money, time and effort to rectify.

Risks and mistakes

Market downturn: prices fall

Commonly this situation lasts a few years before recovering because property markets are cyclical (about 7 to 9 years).

Wrong location

Low demand for short-term rentals. Turn the property into a long-term letting; it is slower but safer and will bring returns on your investment.

What to buy

Generally “the smaller, the better” principle: studios, one- or two-bedroom flats make ideal short-term rentals. These properties are cheaper and usually have higher occupancy rates (about 70 percent throughout the year on average and 90 percent during the peak season). The flat should be fully equipped. Choosing a contemporary design with quality fittings will increase the rental price by 25 percent during peak times.

How to manage the business

There are two ways of managing this type of business, either personally with the help of friends and family or by hiring a professional management company.

Managing the property personally is not suitable for overseas investors as they can’t be present to manage the client turnover, take care of paperwork or make sure the property is maintained unless they are permanent local residents. Secondly, entrusting the care of an investment to a close relation or friend means taking on the additional financial risk and responsibility that this person may not do it correctly, thus affecting the income and profitability.

Property management companies are the best option for foreign owners but it is important to find a professional and reputable service provider. Experts in this field take care of everything like declaring taxes, cleaning the flat and organising the tenant schedule. It also spares the worry while getting the maximum financial result out of your asset. The hardest part is, of course, deciding whether the company is competent or not.

Services provided by good management companies

Finding tenants

Cleaning & maintenance

Automated rental pricing software

Digital advertising

Booking control

Clear tenant screening strategy

Managing check-in and check-out

Always choose a company that is specifically specialised in short-term rentals. Their services cost between 20 percent and 25 percent of the total rental revenue, on average. If it is more or less, it is worth finding out how they operate and what additional or less services they provide. Unfortunately, more often than not, it is because the company is overcharging or incompetent – but there are some companies reduce expenses by using electronic keys for tenants, a new high-tech solution that is safe and reduces costs.

Host services (i.e., how the manager looks after tenants and deals with things) hasve a big effect on occupancy rates over the long run. Therefore, it’s important to review all the services provided in the chosen management package in order to make sure all aspects are covered. Optional services like airport transfers, welcome packs with postcards and city maps, shampoos and shower gels, 24/7 support all encourage customer loyalty and better rankings on online booking platforms.

When signing the agreement, make sure that it includes a clause regarding the management company’s liability for any damages to the property by tenants. This is legal proof that the management company is functioning with your interests in mind (rather than theirs).

Another important nuance about the agreement affecting the total yield greatly is who and how the utility bills and maintenance costs are paid. Usually the company pays them from the total rental revenue before distributing the profits.

Image: Paris, a popular destination for short-term rental property investors.

This column was written by Vladislav Boychenko, the short-term property rentals expert at Tranio.


Seek European dual citizenship the easy way

Invest in property in Cyprus to access European dual citizenship and countless benefits.

Most of us would jump at the chance to obtain dual citizenship. Giving us more flexibility and freedom on where to work and live. A chance to benefit from different business opportunities, as well as a chance to immerse ourselves in a new culture.

Should your parents be from different countries this is one way to easily achieve dual citizenship. Depending on each individual country’s requirements you may even be able seek multiple citizenship which is even more advantageous.

For many Asians the prospect of dual citizenship with access to Europe is very appealing. Being granted citizenship within the European Union allows that person to move freely within the member states. Ensuring that they can take advantage of the range of lifestyle, education, employment or business opportunities that the continent has to offer. Various different schemes have been on offer over the years to get dual citizenship for Europe. Most require investment in return for this. Property being one popular avenue.

Pafilia, a real estate developer, in Cyprus has made this even easier for you. Assisting those who are looking to enjoy the countless benefits that come with dual citizenship by investing in property in the Mediterranean Sea. Cyprus is an island which enjoys over 340 days of sunshine annually. Rich in history and culture, it has been a tourist hotspot due to its attractive qualities and strategic location. Plus it is well connected to the three continents it sits between: Europe, Asia and Africa. Naturally it has become a haven for those looking to enjoy its favourable tax benefits, climate, and food and drink.

Enlist the expert help of Pafilia and becoming a citizen of Cyprus is within arm’s reach. Just purchase a property that costs a minimum of EUR 2 million and you will automatically be granted citizenship of Cyprus. This will also open up access to the European Union too.

For more information on this exciting and accessible scheme visit our webpage
here
.


Select Property launches landmark development in Manchester’s iconic Northern Quarter

Select Property, a leading property developer, operator and investment specialist, has launched One Port Street–a landmark residential destination in the heart of Manchester’s vibrant Northern Quarter.

With construction due to begin in early 2023, the development process will create at least 59 jobs and bring an estimated GBP28.07 million of economic impact to the city by the point of completion. The construction process will also provide the opportunity for new training and apprenticeship opportunities for local people.

Comprising 477 premium one-, two-, and three-bedroom apartments, it will be the first development in Select Property’s flagship residential brand the ‘Prestige Collection’, which centers around high-quality amenities, cutting-edge architecture, and a first-class resident experience.

Located in Manchester’s world-class creative district, the Northern Quarter, was recently named by TimeOut as one of the ‘World’s Coolest Neighborhoods 2022’. It also neighbors the popular area of Ancoats–named ‘Foodie Neighborhood of the Year 2022’–and is just a short walk to Manchester Piccadilly railway station and the popular Arndale shopping center.

“Launching One Port Street–and our Prestige Collection–marks the culmination of decades of experience across the UK’s residential market, creating compelling places to live. One Port Street harnesses that knowledge to create the ultimate residential offer, and there is no better city to do it than Manchester,” Adam Price, CEO of Select Property, stated.

He continued, “Once complete, the site will create an inviting neighborhood with more green, public spaces and incorporating sustainability measures that will have a lasting positive impact on Manchester and its people for years to come.”

Great care has been taken to ensure that One Port Street becomes a green gateway to the city with significant planting to create over 22,000 square feet of public green space helping to create a better connection to the Northern Quarter, Ancoats and Piccadilly, as well as promoting greener travel with EV charging points and cycle storage.

Designed by renowned architecture firm, SimpsonHaugh, the 33-storey One Port Street gives a nod to Manchester’s industrial history with the interior design taking inspiration from warehouse and loft conversions without the compromise on layout. The design will blend elegant style with urban renewal and embrace raw architectural elements including wood, metal, stone and fire.

The grand reception area will be reminiscent of a boutique hotel, centred around a 360-degree firepit with concierge service, ensuring a warm welcome for all. There will also be a 2,000 square foot private swimming pool and a state-of-the-art gym. With a focus on resident wellbeing, the new destination will also provide two outdoor spaces – a ground floor urban garden and
Paganini’s
–a rooftop garden terrace overlooking the city center.

Continuing the luxury experience, One Port Street will feature a seventh-floor resident lounge, innovative co-working spaces and private dining areas. One Port Street has been designed with the principles of an exclusive private members’ club, creating an environment that gives the resident the choice to socialize or enjoy some time alone.


Home offices sell out

i-City, and its master developer I-Bhd, has reported a 100 percent take-up rate for its two home office projects.

In a press statement the company reported that Chester Properties had purchased the remaining 30 units of i-SoHo and 120 units of i-Suites.

The development is located within a five-minute walk of the central i-City shopping centre that is set to open in 2018.

i-SoHo has 925 SOHO units with a gross development value (GDV) of RM 438 million.

It is scheduled for handover by end of this year.

i-Suite boasts 825 units and a GDV of RM 448 million and will be ready for possession by the middle of 2017.

Two other projects in i-City were also all fully sold before handover.

I-Bhd Director Monica Ong said that with the sustained demand for its properties, the company expects to increase its sales growth over the coming years.


Sell-out for Mah Sing

All 404 units of Mah Sing Group’s latest release were snapped up during a launch event last weekend.

The development – Cerrado Residential Suites Tower A – is part of the developer’s Southville City, a 428-acre freehold township with seven phases and a gross development value of RM 11.1 billion.

This new project, which is set for completion in 2020, will feature four towers, each with 404 units. Two layout options were on offer to buyers in phase one; a two-bedroom unit of 656 sq ft and a three-bedroom 825 sq ft apartment. Prices at the launch started from RM 357,000.

Cerrado will also feature 48 retail units as well as 10 units of poolside cabanas.

Media reported that Group Managing Director, Tan Sri Leong Hoy Kum, said: “Cerrado, as well as Southville City, will be a highly accessible location once the direct interchange from the Kuala Lumpur – Seremban Highway into Southville City is completed by the end of 2017.”

Cerrado Residential Suites is part of the third phase of Southville City, and to date the developer has secured sales of more than 3,800 units from these three phases.

Registration for Cerrado Tower B will begin later this month on the weekend of August 13 and August 14.


Selo Group looks to Malaysia with Samãja Selo Private Residences on Tioman Island

Singapore-based developer Selo Group announced plans to enter the
Malaysia real estate
 market with an exclusive branded residences estate on Tioman Island. The firm is partnering with leading hospitality brand Impiana on Samãja Selo Private Residences, a project that is set to become the ultimate island getaway in Southeast Asia.

Samãja Selo Private Residences are a collection of luxurious beach front and hilltop villas that provide vacation home ownership with a boutique hotel experience. Meanwhile, private air transfers from
Singapore
 and Kuala Lumpur can whisk owners to the resort in less than an hour.

“We are thrilled to bring our exceptional style of hospitality to Malaysia, which now ranks among the top five preferred countries for Asian real estate investors,” Andrew Corkery, CEO of Selo explained. “We have prioritized a luxurious living experience that enhances a true connection to the destination and instills a sense of belonging in a private vacation community with a focus on owner’s modern lifestyle choices that matter more than ever to our residents.”

Choice and customization can be found throughout Samãja Selo Private Residences. In addition to the exceptional levels of private service, villas can be customized to reflect personal design choices within the overall style and sense of the destination. The end result is the perfect retreat on Tioman Island, one of Asia’s most picturesque destinations.

“Samãja Selo is a private lifestyle community curated for likeminded people who share common goals, interests, and experiences in proactively pursuing wellness. We are excited that residents will soon have the opportunity to unwind in one of Asia’s most unique beachfront island destinations,” Corkery noted.

The stunning development will have an outstanding range of boutique hotel amenities for travelers to enjoy with Impiana on-hand to ensure personalized service. There will be an expansive pool, rejuvenating spa, fitness facilities, kids’ club and multiple dining venues. Owners will also have access to a diving center, library, and co-working spaces.

For more information and to inquire about ownership at Samãja Selo, please visit
www.samaja.selo.co
.


Seoul property market goes cold, but for how long?

For the past few years, the Seoul property was arguably the best investment you hadn’t considered. Strong demand and soaring prices created a great opportunity. However, after nine rounds of government intervention, the searing real estate market in Seoul may be growing cold.

South Korea has some of the most foreign-ownership friendly laws in all of Asia when it comes to real estate. Seoul is naturally the hub of property investment activity as the country’s capital and largest population centre. Apartments are the preferred unit type for many investors as these are in high demand from renters.

It is estimated that up to 90 percent of the Seoul metropolitan area population in their 20s and 30s are renters. Even with the unusual Jeonse renting process found in the country, property investors can be confident that their unit is unlikely to sit empty.

Market stability is also something that makes the Seoul property market attractive. Even the impeachment of former President Park Geun-hye in 2017 and the looming threat of North Korea weren’t enough to dent in rising home prices.

The real estate market was resistant to President Moon Jae-in’s attempts to cool it as well. Government measures enacted since he took office in 2017 included more home loan restrictions and the creation of anti-speculation zones in Seoul that have stringent regulations in place. It took far longer than the government had hoped, but the frigid January weather brought with it signs that the Seoul property market was beginning to cool off.

Hot times

When 2018 came to a close, the Korea Appraisal Board found that Seoul apartment prices rose by 8.22 percent from the previous year. This was the highest price increase in 12 years and concluded a hot streak that no one seemed able to derail.

Perhaps the most surprising news came in the first quarter of 2018 when Seoul became the top luxury property market in the world on Knight Frank’s Prime Global Cities Index for Q1 2018. The city jumped over Guangzhou to claim the top spot thanks in large part to a staggering 24.7 percent annual price growth.

Seoul’s Gangnam district saw some of the most significant home price jumps. Information from the Korea Appraisal Board found that the average apartment price in Gangnam increased by nearly KRW 200 million (USD 178,000) between May 2016 and May 2018.

So, what led to all this? Most experts point to one action as the root cause.

The Bank of Korea implemented eight rounds of interest rate cuts between 2012 and 2016. An article in
The Korea Times
pointed out that the rate cuts have helped spur home prices and household debt in the country to record levels. More people took out loans to buy homes with everything boiling over in the first half of last year.

Temperature check for the Seoul property market

January temperatures in Seoul dip below freezing with regularity. And while the property market hasn’t yet fallen to those chilly depths, cooling has begun, at least in the short term.

The tide started to turn in December when Seoul apartment prices fell for the first time in over a year, albeit only declining by a tenth of a percent. Meanwhile, the Ministry of Land, Infrastructure and Transport reported that home sales fell dramatically in January of 2019, dropping by 8.9 percent.

The apartment sector was the hardest hit, falling to a six-year low in terms of transactions, according to statistics from the Seoul Metropolitan Government. Most experts believe transactions will be subdued throughout 2019, but are less certain about home prices.

A pair of recent reports from KB Financial Group surveyed financial experts and real estate professionals. The findings of the reports were mixed. Nearly 60 percent of the financial experts asked thought Seoul property prices would increase in 2019. However, the realtors disagreed with 70 percent believing Seoul home prices would drop this year. However, both groups predicted a decline in property transactions for Seoul this year.

The housing situation, coupled with a slowing economy and continued US-China trade war uncertainty, could have a far-reaching impact on South Korea.

“Elevated housing prices threaten severe growth downturns if prices reverse abruptly. Housing prices that have undergone sharp and sudden reversals, empirical studies showed, tended to be associated with longer and deeper slowdowns,” an Asian Development Bank representative told
The Korea Times
.


Serviced Apartments: Top tips

When arriving in a new city the best and most obvious option is the rent a Serviced Apartment. This gives you ample time to see the city, and decide if you want to rent or buy real estate elsewhere.

This can also be a cost-effective option for long-term vacationers, for whom 30 nights in a mid-range hotel will work out to be far more expensive than renting a Service Apartment for the same length of time. Serviced Apartments generally also offer more facilities and amenities, negating the need to go shopping for the essentials of living.

Essentially a Serviced Apartment is an apartment that’s fully-furnished with the privacy and comforts of home. Almost all Serviced Apartments are run like a hotels with housekeeping staff that ‘service’ the apartment on a daily or weekly basis.

As well as long stays, Serviced Apartments are also an ideal alternative for short stays.

Here are some reasons why you should consider Serviced Apartments ahead of hotels and outright property rentals when searching for property.

Space
. This is a substantial advantage, and more so if you’re staying in the same city for a long time. Serviced apartments generally have a separate living and dining area, so unlike a hotel or renting you’re not just confined to a small room.

Convenient for family travel
. You can often find Serviced Apartments with several bedrooms and bathrooms linked via a main lounge, and this can work for couples traveling with children or with friends.

Kitchen
. While you may not plan cooking, a kitchen with a fridge and microwave can be great for heating up leftovers from restaurants, storing late night snacks and drinks or and whipping up a quick breakfast. You may also have the opportunity to entertain guests.

Less frequent housekeeping
. In Serviced Apartments, housekeeping is generally only conducted a couple times a week, and that is usually more than enough. After all, how often do you clean your own house?

DIY laundry
. While most hotels will do laundry for you it’s almost always expensive. Serviced apartments often come with a washing machine and dryer, which means you can wash your clothes for free.

Still like a hotel
. Many serviced apartments have everything you’ll find in a standard hotel so you will not have to sacrifice any amenities.

Price
. Serviced apartments will, more often than not, work out cheaper than an equivalent hotel. While some may require you to book for a month or just a week to get a good deal, others still offer great rates for just a few nights. The fact that you can also cook your own meals helps you save even more money.

Dot Property Group
, Asia’s fastest-growing group of property portals, in inviting Serviced Apartment operators to nominate their projects for the ‘
Best of the Best Serviced Apartments in Southeast Asia Awards 2016
‘. To discover more email
[email protected]

#DotPropertyAwards


Share volatility is good news

While global investors reel from a series of sharp stock market around the world, real estate markets in many parts of the world are continuing to see strong growth.

Take Sydney as one example, where Angus Raine, Executive Chairman of real estate firm Raine & Horne. Noted that in south-western parts of the city its St Marys office posted a record sales month in December 2015 – achieving a 5 percent increase in sales revenues compared to the final month of 2014.

“This result bucks the doom and gloom about Sydney real estate and demonstrates that there is still demand for quality bricks and mortar in many pockets across the city,” said Raine.

“The market might not achieve the double digit returns of the past three years; however, many Sydney real estate markets will achieve capital growth by the end of 2016.

“Many of the same fundamentals remain in play, such as Sydney’s continued population growth, as well as our strong economy, improved employment figures, and low interest rates. Around 50,000 people move to Sydney annually and they all need somewhere to live, while there is a good chance we’ll see more rates cuts in the middle of the year.”

Share markets have seen sharp declines so far in 2016, with U.S. equities down by 5.2 percent, Eurozone shares dropping by 6.2 percent and Japanese shares falling 9.5 percent, according to research from AMP Capital Investors. More significantly, Chinese shares have plummeted 14.6 percent while the Australian market is down by 6.8 percent.

“The crashing share market is helping attract plenty of investors to our region who are looking for a safer haven to park some money, while also enjoying relatively strong yields of 5 percent,” said Peter Diamantidis, Sales Manager, Raine & Horne St Marys.

“Properties that had been sitting on the market for three months were snapped up in December, which means we now have a shortage of listings,” Diamantidis said.


Shenzen up 47%, tops Index

The Chinese city of Shenzen has topped new research which looked at price increases of mainstream residential property prices last year.

The
Global Residential Cities Index, published by Knight Frank
, took its Global House Price Index one step further, tracking mainstream residential prices on a city rather than country basis. The new index covers 165 of the world’s key urban residential markets.

The Global Residential Cities Index, which is based on official house price data for mainstream residential markets, increased by an average of 4.4 percent during 2015. More than 121 of the 165 cities tracked by the Index saw house prices either rise or remain flat.

The Chinese city of Shenzhen lead the rankings with price growth of 47.5 percent recorded during 2015. More than 22 percentage points separated Shenzhen from the index’s second-ranked city – Auckland (up by 25.4 percet).

In 2015 first-tier cities in China saw strong demand on the back of the relaxation of policy restrictions which boosted market performance. Shenzhen is fast becoming one of China’s key technology hubs, its population of 10 million has an average age of 30.

Budapest I Hungary, where prices increased by 16.3 percent in 2015, was the strongest-performing capital city within the Index. The city’s comparative value, combined with an exclusive investment immigration bond programme for Chinese nationals, has fuelled demand.

Of the twenty U.S. cities included in the Index, Portland (11.4 percent) and San Francisco (10.4 percent) were the strongest performers, with Washington DC the weakest (1.7 percent).

Although none of the U.S. cities saw prices decline, no single city could compete with Vancouver which proved North America’s top performer with prices rising 11.9 percent on an annual basis.

The Indian city of Chandigarh occupied the bottom ranking this quarter. Here prices fell by 7.7 percent year-on-year. Despite cutting interest rates four times in 2015, India’s base rate still stands at 6.75 and the economy has faltered impacting on household income.

Of the 43 cities which saw house prices decline in 2015, 20 were located in Europe, with the southern European economies well represented. Cities in Greece, Italy and Cyprus occupied four of the bottom five rankings.

Urban and rural housing markets are increasingly polarised when it comes to price performance. According to the World Bank, 54 percent of the world’s population currently lives in cities, and by 2045 the urban population will rise by another 2 billion to 6 billion, suggesting the pressure on urban prices looks set to intensify.

Many Southeast Asian cities are not included in research rankings such as this Index due to the lack of current and transparent data.


Show set for Singapore

Property buyers, investors and property developers throughout Southeast Asia should mark their diaries now for the
Dot Property International Property Show
.

The event, which takes place between February 20 and February 26, 2017, at the high-profile and high-end ION Orchard Shopping Mall in the heart of the city state, will attract Singaporean buyers and investors to the popular venue.

Singaporeans, and especially property investors, have been snapping up overseas properties in large numbers for more than five years due to the relatively high prices and uncertainty surrounding their home market.

Within the last couple of years, investments from Singaporeans in other Asian countries have been matching those in the traditional property hotspots of the United Kingdom and Australia.

It’s easy to see why.

Bangkok condo prices can be up to a quarter less compared with those in Singapore, while those in Vietnam can be even cheaper.

The show will feature property investment opportunities from throughout Southeast Asia including Thailand, Vietnam, Malaysia, the Philippines, Cambodia, Myanmar and Indonesia.

This will be a unique property show in terms of being in an outstandingly popular public space with natural foot traffic.

Property developers are urged to secure their space now as interest in the event is already generating significant interest.

For consumers the Dot Property International Property Show in Singapore will provide the perfect shop window for property investments throughout Southeast Asia – all under one roof and in the most-popular shopping mall in the city-state.

For more information visit the
Dot Property International Property Show
 website.

Picture: Crowds flock to a recent Dot Property Expo in central Bangkok.


Siargao named the world’s best island

Is this the best island in the world? Welcome to Siargao in the Philippines.

There are a lot of amazing islands across the globe. So it might be a bit of a shock to find out that
readers of
Conde Nast Traveler
named Siargao in the Philippines as the best island in the world
. Those who have never heard of it might not understand what all the fuss is about, but those who’ve been won’t find the news all that surprising.

International and local celebrities regularly frequent the island even if Siargao still isn’t the mainstream destination Boracay happens to be. Getting there is a journey, Siargao doesn’t have an airport, which both adds to the charm and keeps away those visitors who aren’t committed enough to adventure.

It is impossible to mention Siargao without talking about the surfing. Known as the ‘Surfing Capital of the Philippines’, the famed Cloud 9 waves wash up on the beaches of Siargao. But you don’t need to be a surfer to enjoy the island. All types of recreational opportunities are available. Everything from kayaking to snorkeling can be found here. Meanwhile, some tourists prefer to keep it simple by renting a motorbike and exploring on their own.

This does bring us to what makes Siargao unique when compared to Southeast Asia’s tourist islands like Phuket and Bali. The island doesn’t have much in the way of facilities beyond the basics. You’ll find quaint seafood shacks serving freshly caught fish and convenience stores, but don’t expect much in the way of international chains or large hypermarkets.

White sand beaches can be found on many other islands in
the Philippines
, but none have the relaxed ambiance of Siargao. Of course, being named the best island in the world will likely bring more people to Siargao and could spoil the vibe. However, work has already begun to ensure things don’t spiral out of the control.

The local government recently put a masterplan in place to ensure tourism and development on the island is done sustainably. This is extremely important in the aftermath of the Boracay shutdown decision. Siargao is keeping a close eye on sewage and waste management, urban planning and tourism regulation in order to keep the island open.

When should you visit Siargao?

If you are simply going to Siargao for the beaches, the best time to visit is between March and October when the weather is calm. Surfers usually head to the beaches here from August to November when the waves are primed for riding. This is also a good time for other watersports.

December and January are by far and away the wettest and windiest months in Siargao. It is probably best to avoid the island during these times if you’re going to checkout the beaches.


Sierra Valley Gardens offers sustainable, healthy living outside Metro Manila

Best Sustainable Development

In a world of shrinking spaces and disappearing green areas, Sierra Valley Gardens is a breath of fresh air…literally. The mid-range condo development is part of a master planned, mixed-use estate where a premium has been placed on convenience, greenery and sustainability. Those living here will enjoy life surrounded by trees and clean air.

Situated in the foothills of the Sierra Madre Mountain Range, this project is only 30 minutes from the bustling Ortigas business district, but it feels a world away from the hectic streets of Metro Manila. This was very important for
RLC Residences
. They wanted Sierra Valley Gardens to provide green, spacious living that didn’t require residents to leave the city completely behind.

In that regard, Sierra Valley Gardens offers the perfect blend of suburban lifestyle with urban convenience to ensure everything you could need or want is easily available. Additionally, the open spaces and green areas encourage healthier lifestyles. All of this is supported through sustainability, something that means a great deal to the developer.

“Sustainability is a very important value for RLC Residences. That is why we continue to improve our sustainability and that starts with Sierra Valley Gardens. We made sure we incorporated a lot of open and green spaces to encourage residents to live an active lifestyle. We also made sure to offer amenities and facilities that provide sustainability as well as a healthy lifestyle for our homeowners,” Stephanie Anne Go, RLC Residences Assistant Vice President Business Development and Design, stated.

The work of RLC Residences was recognized at the Dot Property Southeast Asia Awards 2022 when Sierra Valley Gardens was named Best Sustainable Development. The first phase of Sierra Valley Gardens is set to be completed in 2025.

More than 45 developers, projects and real estate agencies were honored at the Dot Property Southeast Asia Awards 2022.
Read more about the winners here
.

Keep Reading:

Why should you consider investment in Sierra Valley Gardens?


Simple tricks to make your condo seem bigger

Light colored moldings and tall bookcases can help make your condo look bigger

Chances are your home is starting to feel a little cramped if you have lived there for a few years now. That tends to happen as we collect more things and need a place to store them. This is especially true if you live in a condominium. And while it may not be possible for you to add more space, there are several simple tricks to make your condo seem bigger.

Before we get to these, it is important to note the best way to make your home seem bigger is to remove the stuff you don’t need. Cluttered rooms naturally feel smaller. In most cases, a lot of this clutter comprises of things you no longer use regularly. Donate these items to free up extra space and help people who could actually use them.

With that out of the way, here are some tricks to make your condo seem bigger. You don’t need to do all of these. Just one or two can make a small space feel big.

Related:

3 easy ways to reduce your water usage at home

3 tricks to make your condo seem bigger

1) Turn tiny spaces in storage areas

A lot of smaller condo units have tiny spaces that aren’t really usable for daily living. Consider turning these into storage areas. One option is to create built-in shelves designed for that specific place. Another trick is to store things under your bed.

2) Add light colored moldings

Adding light colored moldings to trim the edges of the ceilings and floors add a lot of depth, as they provide just enough visual detail that your eye is naturally, but slowly, carried to the back of the room. These aren’t expensive and don’t take much to install either.

3) Incorporate mirrors

You don’t want to go for the funhouse look, but a few strategically placed mirrors can help your condo feel a lot bigger. In particular, floor length mirrors make a room seem taller while the reflection provides the appearance of more space even if it isn’t really there.

While these simple tricks to make your condo seem bigger provide the illusion of extra space, you may still need a larger place to live.
Start your search on Dot Property
 and find your new home today.


Singapore back on the cards?

Singapore’s cooling measures have been relaxed adding to the country’s investment appeal.

News of the Singapore government relaxing the cooling measures placed on residential properties is welcome news to investors. Put in place in 2009 in a bid to stop speculative purchasing, the market took a hit with values decreasing since 2013. Due to slow demand and stagnating values, the government have reassessed the measures.

The cooling measures put in place included increased stamp duty rates and making it harder for borrowers to obtain mortgages. This included not permitting investors to sell their properties within four years of when they purchased it. This has now been reduced to three years. For stamp duty, the rates have been reduced by four percent across the board.

Lending conditions will also be eased. Currently investors can borrow 60 percent of their monthly income. However, this will now not apply for those with a loan-to-value ration less than 50 percent. The aim is give borrowers more flexibility with their money to aid for their retirement.

Many Singapore experts in the field including Real Estate Developer’s Association of Singapore have called upon the government to reevaluate tax policies. Citing the slowing market as reason for this. However, there was no mention of this in Singapore’s budget on 20 February.

This u-turn in decision has resulted in the rising of share prices in the industry. Developers CapitaLand and City Developments Ltd both enjoyed an increase of 4.8 and 7.4 percent. This is likely to signify a new chapter in Singapore’s housing market. Singapore’s robust economy has made it attractive to investors looking to park their money. A flurry of activity is expected with this news as investors who take the plunge when the market has reaches the bottom will reap the benefits of a rising market in the future.


Singapore-based developer launches Maldives resort hub featuring new brand from Capella

Patina Maldives, Fari Islands will be one of three hotels spread across four islands at Pontiac Land's new resort destination

Pontiac Land, a Singapore-based developer, revealed exciting plans for a new elevated resort experience comprising of four islands in the Maldives. The impressive Fari Islands project will be home to three world-class hotels, a marina, beach club, boutique shops and much more on a brand-new archipelago in the North Malé Atoll.

The award-winning Capella Hotel Group launched a new hotel brand – Patina Hotels & Resorts – that will operate one of the three upscale hotels that comprise Fari Islands. The new brand caters to those with a sense of individuality and a deep appreciation of culture and community.

Patina Maldives, Fari Islands was one of three properties unveiled by Capella’s new brand with the other hotels located in Bali and Sanya, China. The Maldives resort will feature 90 beach and water villas as well as a collection of studios that are interwoven among vibrant social spaces.

Fari Islands brings something new to the Maldives

Map of Fari Islands

The other resorts that comprise Fari Islands will be managed by The Ritz-Carlton Hotel Company and Capella Hotels & Resorts respectively. The trio of hotel brands was handpicked by Pontiac Land as they wanted to make sure every visit to its archipelago is uniquely perfect, no matter the occasion.

A team of renowned architects carefully designed the resort to ensure it maintains a delicate balance of serene and social spaces. Studio Mk27 led by Marcio Kogan, Kengo Kuma & Associates and Kerry Hill Architects all worked thoughtfully on Fari Island to create something truly memorable.

Additionally, developer Pontiac Land is committed to fostering an experience that celebrates nature, craft and connection to the Maldives. A diverse range of areas will empower guests with the option of enjoying these experiences either from the comfort of privacy and seclusion or as part of a vibrant social center.

Fari Islands is set to open in the fourth quarter of this year and will offer guests freedom of movement across the archipelago. The resort hub is a 50-minute speedboat journey from Malé International Airport.


Singapore eliminates most travel restrictions; Thailand could do the same by June

More tourists could soon be filtering into Singapore Changi Airport

Singapore has eased most COVID-19 cross-border travel restrictions while Thailand could do the same by June, according to government authorities. The news comes after most countries in Southeast Asia, including
the Philippines
 and
Vietnam
, reopened borders to tourists earlier in 2022.

In Singapore, Prime Minister Lee Hsien Loong announced the current Vaccinated Travel Lane (VTL) scheme will be replaced by the Vaccinated Travel Framework starting April 1. The latter allows all vaccinated travelers and children 12 and younger to enter the country with just a pre-departure Covid-19 test.

The VTL scheme called for arrivals to fly on specific flights, take a COVID-19 test upon arrival and have insurance. Singapore’s reopening is seen as an important step to move beyond the pandemic.

“It will give a much-needed boost to businesses, particularly the tourism sector, and help Singapore reclaim its position as a business and aviation hub,”
The Prime Minister said in a public address
. “Now, the Omicron situation is well under control. Nearly all our cases are domestic, originating within the community. Arrivals from abroad constitute only a very small proportion of cases. We can therefore safely open up our borders.”

Read More:

Flight bookings pickup as borders reopen in Southeast Asia

Thailand hopes to follow suit

While Thailand was one of the first countries in the world to reopen its borders to tourists, it has yet to replace the various schemes regulating the process. Instead, the government has slowly eliminated layers from its Thailand Pass program.

For example, the pre-travel RT-PCR test requirement will be removed on April 1 with on arrival RT-PCR tests to be replaced by antigen ones starting in May. These are a step in the right direction, but some believe the country needs to act faster in removing restrictions.

“We [Thailand] are like a hare running faster than others. What should we do to prevent humiliation when ending up being overtaken by a tortoise? The goal for Thai tourism is to become a global leader,” Minister of Tourism and Sports, Khun Phiphat Ratchakitprakarn, told local media.


Singapore global momentum drop

Real estate firm JLL has released its 2016 City Momentum Index (CMI) which tracks a city¹s short-term socio-economic and real estate momentum, in combination with measures of whether a city has the longer-term foundations for success.

The Index covers 120 major established and emerging business hubs around the world and highlights the top 20 cities where change is occurring most rapidly.

Among the top 20, Asia-Pacific accounts for the largest share with 11 cities among the world¹s most dynamic urban economies. These include established world city Tokyo, and challengers or cities competing for global reach and influence, such as Sydney, Seoul and Shanghai. The top 20 also includes new world cities such as Auckland.

A key feature of this year¹s top 20 cities in the index is the overwhelming dominance of innovation-rich cities, said Jeremy Kelly, JLL’s Director of Global Research.

“JLL has long emphasised that city momentum involves far more than just raw GDP growth – it is crucially about building the foundations of an innovation-oriented economy through technology, creating cutting-edge new businesses, attracting talent and nurturing vibrant inclusive communities,” he added.

China¹s cities in the Top 20 include those moving into higher-value activities and building the foundations for new forms of economic activity in terms of innovation, infrastructure and connectivity. These include Shanghai, Beijing and Shenzhen, according to the report.

Singapore (pictured) dropped from 17th in 2015 into the third quartile in 2016. From being one of the top rental performers globally in 2014, office rents fell by around 10 percent during 2015, with a further 10 percent to 20 percent decline forecast for 2016; while rents have also fallen in the retail sector.

These sharp rental corrections have been the main contributor to the city’s poor real estate momentum scores, although this is improving affordability. Lower levels of real estate investment have also contributed to this poor score – despite Singapore being one of the most popular investment destinations globally.

To read the full
JLL City Momentum Index
 report click here.