Kingsford Waterbay – Upper Serangoon View Condo by Kingsford

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Developments in Kingsford Waterbay Condo

Developments in Kingsford Waterbay Condo and other International Property Markets

The auditor, taxation and advisory services company have given their autumn report on the current developments in the important property markets of countries in the Asia – Pacific region, particularly featuring the commercial property investment area.

Australia: The property market in Kingsford Waterbay near Upper Serangoon was very active during 2013, the commercial property market recovered to the level last seen before the global financial crash. Activity this year remains brisk and there is increasing interest in properties for sale.

China: slow growth, China’s Gross Domestic Product growth slowed further during the first quarter 2014. There was a bounce in the demand for office space early in the year and rents became steady. The progressive tightening up of lending led to fewer new built residential apartments during the 1st quarter 2014.

Hong Kong: Lower unemployment rates mean economic growth. Hong Kong’s economy grew 2.5% during the first quarter 2014 over the figures for the year since 1st quarter 2013. During the same period, the Island’s property lease market improved and the net absorption of the net free leasehold property increased for Kingsford Waterbay Condo. However, retail sector of the market was under strain, especially in the street shop area. In the mass residential property market, the price index showed a small increase, however, in the luxury residential market prices dropped between 1% and 2%.

Development in Kingsford Waterbay Condo

India: Uncoding the Government’s aspirations of Housing for all by eight years time.
The Demographic trend points towards the large scale urbanization of India during the next decades. It is thought that the numbers of Indian people living in urban areas will reach 810 million before 2050 and housing has an important part in accommodating India’s strong urban growth. Central and State governments will have to make co-ordinated efforts if they are to encourage the necessary private sector involvement in affordable urban housing.

Indonesia: Growth is stimulated by domestic consumption and urbanization
Indonesia has the largest economy in south east Asia and is counted among the Globe’s emerging market economies. Soaring domestic consumption is supporting the rapid growth in the country’s property market. The retail market has had steady sales growth of between 5% and 6% for more than ten years. This growth has encouraged international retail companies to expand in Indonesia. Jakarta’s hotel market has also seen increased business activity.

Japan: Markets continuously expected to recover in the favourable Finance conditions.
The lax monetary policy and government’s financial stimulus are expected to lead to further continuation in growth in the Japanese economy. Mitsubishi Estate say that rents in prime office properties have increased by 2.3% in the year from1st quarter 2013 – 1st quarter 2014. The projected yield on premium retail shops in shopping centres was above 6%.

Kingsford Waterbay Condo

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Korea: A Year of Cautious Recovery. During the first quarter of 2014, there was a steady economic recovery. Rents for Grade A offices in the South Korean capital Seoul increased by about 1% in the 1st quarter 2014. Speciality retailers are driving the growth in the retail market. For example, since they entered the Korean retail market ZARA Korea (entry 2008) has experienced 56% annual growth, H & M (entry 2010) 55% annual growth and UNIQLO (entry 2006) 81% annual growth. There is increased investment in the hotel market because institutional investors seek alternative investments to diversify their property investment portfolios.

Malaysia: An interesting and challenging time expected. Increasing income levels, strong levels of foreign investment and the government plan to increase Kuala Lumpur’s population from its current 6 million to 10 million by 2020 has given Malaysia’s a positive overall future. Increased competition, increasing construction costs, more restrictive lending rules and increased logistics costs are contributing to the challenging real estate market, which is made even more challenging by the government’s recent regulations intended to curb property speculation. These include an increase in real property gains taxes, the implementing of a goods and services tax and making interest capitalization schemes illegal.

New Zealand: Continuing Economic Growth and immigration contribute towards a robust outlook. New Zealand’s Real Gross Domestic Product Growth was 3.3% during the year from March 2013 to March 2014. Projected growth for March 2014 to March 2015 is expected to be 3.8%. Overall, the office market is seen as positive; rents for prime and secondary office space are predicted to rise due to the fewer number of developments. Vacancy rates have declined, showing greater demand for office space. New Zealand’s nationwide median housing price hit an all time high at $ 440,000 New Zealand in March 2014 but dropped to $416,000 New Zealand in July.

Singaporeans still Keen in Kingsford Waterbay Condo in Upper Serangoon

Singapore: Population growth propels Housing Market for Waterbay Kingsford Serangoon
During the first quarter 2014, stronger export demand led to an expansion in the economy and Gross Domestic Product grew at a 4.9% annual rate. Grade A office space is short and the average rent for such properties increased by 5.5% to $ 9.9 per square foot during 1st quarter 2014 compared to the fourth quarter of 2013. The rent increase was driven by strong and increasing demand for new retail space. Singapore’s total supply of retail space is likely to increase to 5.65 million square feet by late 2017.

Thailand: The Political and Economy is expected to drive real estate growth.
In 2013, the Thai economy grew by 2.9% exports, investment government spending and household consumption all experienced slow activity. The continuing political conflict has affected business in a detrimental way, which has had a negative effect on the office property market.

Vietnam: Despite uncertainty, there are signs of recovery. Vietnam’s total Gross Domestic Product Growth 2013 an estimated 5.42%, slightly lower than Parliament’s 5.5% although higher than 2012’s 5.5% rate. Government has announced a new homebuyer and property market loan plans enabling homebuyers and developers to borrow at a maximum annual 6% interest rate for 10 years for homebuyers and 5 years for developers. Government’s purpose in instituting the scheme is to stimulate the market and alleviate the debt situation