ျပည္ပအိမ္ၿခံေျမသတင္းမ်ား

Thailand’s richest man wants to set another record. Billionaire Charoen Sirivadhanabhakdi, via his recently listed property unit Asset World Corp, has his sights on building the nation’s tallest skyscraper. Details are scant -- no official height has been set and completion isn’t expected until 2025 -- but the tower, at the centre of another $948 million project on the banks of Bangkok’s Chao Phraya river, is emblematic of Asset World’s aggressive growth strategy. “It embodies what our company aims to do -- set new trends and lift the benchmark,” said Asset World’s Chief Executive Officer and Charoen’s daughter, Wallapa...

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Overall, CBRE expects Singapore’s property market to remain resilient despite macroeconomic headwinds. This is highlighted in CBRE’s report “Real Estate Market Outlook 2020 - Singapore”, which gives projections for the property sectors of residential, office, retail, logistics, and the capital markets. In 2019, there was a record number of 52 launches. New sales dominated the private residential market with 9,912 private residential units sold. It represented a 12.7% y-o-y increase, signalling improving buyer sentiment despite property cooling measures. There are 40 projects scheduled for launch and an additional unsold inventory of 30,473 units in 2020. Thus,...

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Homes and historic hotels are often reported to be haunted. But one entire Michigan town, some say, is under a spooky siege. Documentary filmmaker Steve Shippy heads to old farming village Merrill — population 735 — to explore the sinister spirits that have reportedly been torturing residents since the 1970s. During the premiere episode of the new series, “Haunting in the Heartland,” airing Friday, Feb. 21, on the Travel Channel at 10 p.m., one family reveals to Shippy that they were forced to leave their house in the summer of 1974. They had suffered through six months of unexplained banging — even the FBI and a seismologist couldn’t determine its...

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      Global commercial real estate investment reached an all-time high of US$800 billion in 2019, as investors continued to seek out the solid returns and relative stability of the asset class. Transaction volumes last year rose 4 percent from US$769 billion in 2018, according to JLL. “Real estate has continued to draw ever more interest from investors,” says Sean Coghlan, Head of Global Capital Markets Research at JLL. “Global investment is expected to stay elevated throughout 2020 as allocations to real estate from institutional investors continue to rise and, despite valuations and significant competition, the sector remains attractive relative to...

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Economists expect the effects of the coronavirus outbreak to reverberate beyond China, with Singapore being the worst hit. A major trade partner with China, the city-state’s economy is expected to contract 0.6% in the first quarter of 2020 – a first since the 2009 recession following the global financial crisis. Aside from Singapore, forecast from economists polled by Reuters showed that South Korea, Australia, Thailand and Taiwan are also expected to register their worst performance in years in Q1 2020. South Korea was forecasted to grow 2.1% (down by 0.4% from the January Reuters poll), while Thailand and Taiwan are expected to expand by 0.2% and 1.3% respectively....

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Data from URA showed that rents have increased by 1.4% last year, while the number of leases inked rose to a decade-high 93,920 units. Singapore saw residential rents hit a three-year high in 2019, on the back of strong expatriate demand. Rental apartment demand in the city-state mostly comes from expats, who find it cheaper to rent than purchasing a unit outright due to hefty stamp duties imposed on foreigners. “Some expats could be here for short-term work assignments, therefore leasing will be a more logical and flexible choice,” said Christine Sun, Head of Research and Consultancy at OrangeTee & Tie. Majority of Singaporeans, on the other hand, live in public housing...

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MORE renters than ever before will be able to take their landlords to court over problems including cold and damp homes from next month. Around 1.4 million people are currently living in poor quality properties, according to latest figures from the Ministry of Housing, Communities and Local Government. But under the Homes (Fitness for Human Habitation) Act, tenants have more power to sue for compensation if their homes aren’t up to scratch. The new ruling first came into effect in March 2019 but only covered tenancies starting from that month onwards, along with renewals after this date. As of March 19, 2020, it will also apply to all existing periodic tenancies, including...

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More local mixed-breed dogs can be rehomed in Housing and Development Board (HDB) flats after the permitted height limit was increased on Sunday (March 1). The National Parks Board’s Animal and Veterinary Service (AVS) announced in a media release that it has raised by 5cm the height limit for local mixed-breed dogs to be rehomed under the Project Adore (Adoption and rehoming of dogs) scheme to 55cm. The 15kg weight limit for such dogs has also been removed. The expansion in the programme will be a two-year pilot led by AVS and supported by the HDB, in partnership with animal welfare groups. All adopters will be required to comply with ownership conditions and a code of...

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A Ugandan man, who was only six years old when his father lost his land in a legal dispute, has finally won it back 23 years later, after becoming a lawyer. Jordan Kinyera went through 18 years of education and legal training before taking on the case. On Monday, the High Court delivered a final judgement which ruled in his family's favour. Mr Kinyera told BBC Newsday that the loss of the family land when he was aged six had changed his life. "I made the decision to become a lawyer later in life but much of it was inspired by events I grew up witnessing, the circumstances and frustrations my family went through during the trial and how it affected us," Mr Kinyera said. His father was...

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Fingal's Cave is a sea cave on the uninhabited island of Staffa, in the Inner Hebrides of Scotland, known for its natural acoustics. Otherworldly and exceptionally symmetrical, Fingal’s Cave is one of the best known of all the caves in Scotland, and one of the best examples of volcanic basalt columns in the world. Situated on the uninhabited island of Staffa in the Inner Hebrides, Argyll, Fingal’s Cave is the kind of place that looks like something out of a dream. Looming 227 ft (69 metres) tall over the ocean, this visually astounding geometric sea cave looks like a contemporary masterpiece displayed in the Museum of Modern Art. It has been formed completely from hexagonal...

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