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 …

A stronger contributing factor from Chip Eng Seng group’s Property Development division has allowed a 363% climb, year on year, in 2014’s 3rd quarter to a figure of $415.7 million.
Following a completion in August of the DBSS Belvia project, their division for Property Development saw a leap in revenue from its 2013 3rd Quarter figure of $21.8 million, to its 2014 3rd quarter figure of $313.8 million.

Kingsford Waterbay Serangoon Projects

In a recent statement made by the group, it was pointed out that other factors played a role in this increase for Kingsford Waterbay Projects, such as on-going projects like Nine Residences and Kingsford Waterbay being given progressive earnings recognition. There has also been the sale of units remaining in other projects that have been completed that add to this.
In August of 2014 two Orchard Condo Fernvale land parcels were purchased by the group, which came on …