Jones Lang LaSalle are taking their resort estate management expertise refined in Phuket and targeting Bali for expansion.
Acoording to Dexter Norville from JLL (Thailand) the group is lookng at larger estates where there is a critical mass of units.
These will mostly be condominiums, apartments and villa complexes.
Daniel Miller heads the JLL office in Bali.
After the success of the Boat Avenue project near Laguna Phuket developer Boon Yongsakul is about to launch a new project on the Bypass area.
A mixed use hotel commercial and residential development is being planned called Bypass Biz Town.
Located next to the Underwood Art Factory the hotel will be a 120 room boutique property.
Shops, offices and commerical space will be clustered in a central area.
With a total of 30 rai, 16 will be developed in the first phase and will include townhouses and detached homes.
One of Asia's leading real estate showcases the SMART Property Expo is set to take place June 8th and 9th in Hong Kong.
The venue will be the Hong Kong Convention and Exhibition Centre – Hall 3GS.
Key exhibitors are from Australia, Thailand, Malaysia, Philippines and from wider afield U.K and the US.
More than 20 seminars on various property topics will be held throughout the event.
For more information <link>http://www.smartexpos.com*CLICK</link>
Phuket's current real estate building boom where smaller and lower cost are the flavor of the day is seeing more and more residential projects go skyward.
Latest up in Kamala is the is the Ocreana condominium which is planner for three towers going up to 8 storeys.
Unit types are studio, one and two bedroom and penthouse units.
The project is being developed by the same group as ICON Park and The Trees.
Property news has the 64-story Tanjong Pagar Centre set to be Singapore's tallest building at 290 meters.
The development will be undertaken by GuocoLand, and is set to finish in 2016.
Despite a height limit in the city, which has capped other landmarks at 280 meters, the company obtained approval to reach further to the sky.
Along with commercial, office and residential area the tower will have a hotel component.
Gridlocked capital of Indonesia Jakarta at long last is seeing movement in the city's mass transit metro system.
A consortium of contractors has been selected to commence work within this year.
Expectations are that the initial phase will be completed in 2017.
In the meantime travelers to the city can expect to continue being on a first name basis with their driver during hours of congested traffic chaos.
Singapore's ongoing cooling off measures for an overheated property market will raise tax revenue by over S$1 million according to a report in The Straits Times.
In January of this year real estate purchases incurred an addition stamp duty tax of 15%.
Despite the move, which was meant to deflect speculation, has seen both local and foreign purchasers continue to eat up new development offerings.
Guess the scenario has created a win win for both the market and the government.
Thai property developer Raimon Land is undergoing significant changes in the first half of this year.
Today the company announced the appointment of a new Chief Executive Officer Johnson Tan.
Tan takes over from Hubert Viriot who is returning to a post with IFA Hotels and Resorts in Dubai.
Earlier this year IFA disposed of a 24.97% stake Raimon Land to Singapore's JS Oil Pte. Ltd.
JS is part of the Jit Sun Group. At the time of transaction the financial press reports that JS is planning to expand Raimon Land's horizon to other markets in Asia and the US.
Industry experts are speculating the group may also shift towards hospitality assets.
During the mid 2000's property boom Raimon had been as significant player in Phuket as they developed both Kata Heights and Kata Gardens. More recently the company has been focused on developments in Pattaya and Bangkok.
Thai-listed developer Raimon Land's Chief Executive Hubert Virot is leaving his post as head of the real estate group.
After four years at the helm, he will be relocating to Dubai to continue with the IFA Group as Chief Investment Officer for Hotels and Resorts.
IFA was formerly a major shareholder of Raimon Land.
No replacement has been named. Raimon has experienced a decided shift into the domestic housing market over the past few years.
