Category Archives: Overseas Property

Top 5 marina properties in South East Asia

Increasingly the playground of the world’s rich, Asia’s high-end property markets are constantly reinventing themselves in order to attract high net worth individuals. First came high-rise iconic developments followed by chic low-rise luxury housing, mixed-use developments and integrated mega-cities. The latest addition to the ever-changing landscape of property developments in Asia is that of Marina Properties. Here is a sneak peak at some of the best there is.

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The Residences at Sentosa Cove, Singapore

The Residences at Sentosa Cove come with a array of services and nearby attractions including an 18-hole golf course, the award-winning ONE˚ 15 Marina Club, Resorts World Sentosa, access to lush rainforest, sandy beaches and Quayside Isle – an integrated hotel, retail and commercial development scheduled for completion later this year. Sentosa Cove features 2,160 homes, starting from S$1,680 (US$1,316) per sq ft.

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Reflections Condo, Keppel Bay, Singapore

Attached to the Marina at Keppel Bay, home to the Keppel Bay Sailing Academy, are the six glass towers and 11 villa apartments that will upon completion boast an exquisite collection of 1,129 waterfront homes. Designed by celebrated architect Daniel Libeskind, the development will also feature an expansive 13,300 sq ft penthouse spread across the 39th and 41st floors of the central high-rise tower. Facilities include an Olympic-sized pool, two Jacuzzi pools, barbecue pits, tennis courts, outdoor fitness stations and playgrounds. Prices start from around US$1,700 per sq ft.

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Park Resicences at Royal Phuket Marina, Thailand

The Park Residences at the Royal Phuket Marina comprise 88 so-called Aquaminiums, waterside condominiums ranging in size from 156 to 831 square metres starting at US$505,000, five 1,058 square metre Royal Villas with 23 metres private berthing starting at US$6.2 million, and one Grand Villa with a 70 metre private berth prized at a cool US$10 million. As of April 2012 only three apartments and three villas including the Grand Villa remain for sale. Facilities include two restaurants, tennis courts, retail outlets, a spa and an exhibition centre.

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Quayside at Straits Quay, Penang, Malaysia

Seri Tanjung Pinang is Malaysia’s premier waterfront community featuring three-storey courtyard terraces, serviced luxury suites, resort condominiums and grand sea-fronting villas. It is part of Straits Quay, a retail and leisure complex featuring a marina, a two-storey shopping mall, a performing arts centre and a wide range of cafes and restaurants. The latest addition to the project is the Andaman Series which is configured in eight different layouts from expansive penthouse suites with private pools, to spacious three-bedroom apartments for larger families. Prices start at RM973,800 (US$305,371).

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Residences at Siam Royal View, Koh Chang, Thailand

Siam Royal View offers a limited number of condos and luxurious beachfront villas on a buy-to-build basis to suit individual needs. Launched in 2006, the latest phase of the development comprises of 100 land plots ranging in size from 300 to 3,000 square metres with prices starting at THB3 million (US$95,175) for a plot of land and THB4 million (US$125,568) for villa construction. The completion of the marina is scheduled for August this year upon which it will feature 75 berth spaces from 10 to 20 metres with deep water buoy mooring for larger vessels 65 feet up. Facilities include a 9-hole golf course, beach club with restaurant, a water sports centre, a gym and several community pools.

Source: PropertyReport – 2012 Jun 28

Demand from Singaporeans leaves Malaysian developer confident

Singaporean demand for property projects resonates reassurance for UEM Land Holdings Bhd.

The republic’s policy to tighten housing regulation has affected purchasing power in Singapore’s market, confirmed managing director and chief executive Datuk Wan Abdullah Wan Ibrahim.

In April, Singapore authorities announced its decision to tighten rules to ensure developers reflect the size and layout of apartments more accurately – protecting buyers who are less familiar with the property market.

Singapore’s Urban Redevelopment Authority said development of unfinished apartments must commission drawn-to-scale plans to buyers and provide breakdown of a unit’s floor area.

He said the majority of foreign buyers in Nusajaya, Johor, were Singaporeans. The remainder of the purchasing market is made up those coming from Japan, China, UK, Australia, Vietnam, Indonesia, South Korea, and the Middle East.

“Generally, our Singaporean neighbours are in favour of higher end developments, especially projects with strong security system, lush green environment, and are lifestyle-driven,” said Wan Abdullah.

Private homes sales in the republic reached new heights in the first quarter of 2012 despite government’s market cooling efforts. Analysts are fearful that authorities may now moderate sentiment.

More Singaporean property buyers are expected to buy properties in Malaysia due to the tightening regulations, reported Steve Melhuish, founder of Property Guru Group.

Melhuish said property prices are at an all-time peak in Singapore and price declines result in Singaporeans investing elsewhere, according to The Malaysian Reserve.

“The big price difference between Singapore and Malaysia of approximately five to six times cheaper will mean continues investment from Singapore.

“For example, for RM1 million US$ 314,000, Singaporeans can afford a small three to four room residence in Singapore versus a big condo or even bungalow,” offered Melhuish.

Approximately 50 per cent of UEM’s Land Holdings total purchases are foreigners, said Melhuish.

UEM Land has four ongoing projects in Nusajaya: East Ledang, Nusa Idaman, Puteri Harbour, Nusa Bayu, and Horizon Hills.

Melhuish expects that the future of the Malaysian property looks bright as it supported by a young population, urbanization, and reduction in household sizes.

“In addition, ongoing Economic Transformation Programme initiatives in Kuala Lumpur infrastructure, financial services, plus Iskandar developments will continue to drive foreign investment.” Summarised Wan Abdullah.

Source: PropertyReport – 2012 Jun 12