THE SATHU RESIDENCES – RAMA III, Bangkok

July 28, 2010 - Bangkok

The Sathu Residences are a limited set of 22 large contemporary freehold units each designed with a lavish use of space and bespoke finishes in an exclusive development surrounded by private landscaped gardens.

The property is located in the Rama III - Sathupradit area which provides easy access to Bangkok's business and shopping districts and its two expressways.

Rama III, exciting and emergent, has been touted as the new residential and commercial hub of Bangkok.

Boulevard Vue – Singapore Luxury Condo in Orchard

July 27, 2010 - Singapore

Located just next to Orchard Road, this sculptural, glasssheathed building will soon house a collection of 26 apartments, with just one unit per floor, and two luxurious penthouses.

Apartments start at 418 sq m, each served by two private lifts, while penthouses encompass over 1,000 sq m and feature private swimming pools.

All units come with three designated garage spaces - each large enough to accommodate a Rolls Royce.

Record price achieved for condo in the Philippines

July 16, 2010 - Philippines

Leading luxury real estate project Raffles Makati Hotel and Residences has sold a penthouse that has achieved the highest price per square metre ever paid for a condominium in the Philippines.

A spokesperson for the unidentified buyer said: "My client's global portfolio consists of prestigious projects in several cities.

This purchase was influenced by the fact that this development is the best project in Manila, both in terms of build quality and service levels that the Raffles brand is synonymous with."

“Overwhelming” demand for luxury property in Klang Valley

July 13, 2010 - Kuala Lumpur

Demand for luxury residential landed properties in Malaysia's Klang Valley has been "overwhelming", according to research published today by real estate advisor DTZ.

The report noted strong take-ups of recent launches in Klang Valley, as well as the benchmark pricing set, however high-end condominiums in the city centre, it said, continue to face over-supply concern and decline in number of expatriates, which has triggered the decrease in both capital and rental value.

Phuket buyers adopt a cautious approach

June 21, 2010 - Phuket

Holiday home buyers of resort condominiums on the Thai island of Phuket have adopted a more cautious approach, concentrating on completed and well-managed properties.

According to professional services firm Jones Lang LaSalle, the Phuket holiday home market has seen a slowdown in sales since the global financial crisis escalated in the final quarter of 2008.

It was not until the final quarter of 2009 when the market sentiment started picking up as economies in most parts of the world showed signs of recovery.

However, the recent political unrest in Thailand have softened buyer confidence, resulting in a slower recovery process in the Phuket market.

Singaporean property prices set to fall

June 18, 2010 - Singapore

The residential property market in Singapore is too hot and set for a correction in coming months, according to analysts.

Industry experts say prices are already reaching a plateau and transaction volumes are slowing. Some districts have seen transactions drop by up to 88%.

Figures from the Singapore Institute of Surveyors and Valuers (SISV) show that there were only 899 caveats lodged for condominiums in the first three weeks of May compared with 3,060 in April.

Kim, a Star of 'Lost,' Sells Honolulu Condo

April 24, 2010 - Hawaii

Actress Yunjin Kim, who stars in the ABC series "Lost," has sold her Honolulu condominium for $621,000, records show.

It had been listed at $575,000; the buyer's name couldn't be learned.

The TV show about plane-crash survivors on a mysterious island, which shoots in Hawaii, ends its run after six seasons in May.

Kenny Heights Sanctuary, Kuala Lumpur

April 20, 2010 - Kuala Lumpur

International buyers are playing a key role in the early growth of Kenny Heights, an ambitious project in suburban Kuala Lumpur.

Since the first phase went on sale in 2008—49 villas designed by Kengo Kuma, priced from US$1.6 million-more than 40 percent of the buyers have been from outside Malaysia.

Kenny Heights will be developed over 15 years and will include an array of commercial and residential space designed by such architects as Foster + Partners, Adjaye Associates, Conran and Partners and Zaha Hadid Architects.

Chinese man bids record high for Manhattan condo

April 01, 2010 - New York

A luxurious Manhattan condominium was sold in a foreclosure auction for US$33.2 million ($46 million), the highest price for a Manhattan apartment this year, to a Chinese businessman, Oriental Morning Post reported.

The 5,500-square-foot apartment is in Trump International Hotel and Tower and has views of Central Park. The per-square-foot price is US$6,000.

Its former owner, Italian film producer Vittorio Cecchi Gori, put it up for auction after falling into serious financial trouble.

Cecchi Gori bought the apartment from American real estate tycoon Donald Trump for US$10.4 million in 1997.

Soaring local demand for Bangkok condominiums

March 19, 2010 - Bangkok

Domestic buyers are responsible for more than 90 per cent of all condominium sales in central Bangkok, according to research published today.

Listed property developer Raimon Land, in its Condominium Focus Bangkok Update, reveals the remarkable recovery of the Bangkok condominium market despite the ongoing domestic political tensions.

The fourth quarter of 2009 saw the Thai economy post 5.8 per cent GDP growth, due primarily to exports to Asian markets bouncing back, leading to developers releasing more projects and local buyers queuing up to purchase them as confidence has streamed back into the industry.