Apartment Choice

SINGAPORE (Aug 22): Getting your rental yield right goes a long way. Today’s average rental yield for condominiums and apartments is the lowest in a decade, at about 3.2%. Low interest rates , subdued job market and large supply of housing are possible reasons. In our analysis, we have identified eight private residential properties with the highest rental yields in the high- end condo segment comprising districts 9 , 10, 11, Downtown Core and Sentosa. Only properties with at least five sales and five rental transactions over the last 12 months were considered in our analysis. 1) Lumiere Property type: Apartment Rental yield: 5.0% Average rent PSF: S$6.0 Tenure: 99 years from 2006 District/ Planning Area: D2 - Downtown Core Located at Mistri Road, the 45-storey Lumiere is a three-minute walk to Tanjong Pagar MRT station . It was completed in 2010 and has 168 units. It is a stone’s throw away from International Plaza and Icon Village, and less than 10 minutes’ walk to Tanjong Pagar...

Phoenix— Resmark Apartment Living has partnered with Westfield and Greystar to develop Deer Valley , a 344- residence apartment community in Desert Ridge, Ariz. “Desert Ridge, the master planned community where Deer Valley is located, truly represents the best of Phoenix, and the Deer Valley site is right in the midst of all it has to offer,” Ziv Cohen, Resmark Apartment Living ’s COO, tells MHN . “Great partnerships are one of Resmark’s key building blocks and an indelible part of our business. Our joint venture with Greystar and Westfield on this investment is consistent with that philosophy.” The almost 15 acre site is located at the northeast corner of East Deer Valley Road , west of north 56th street . The new project will be adjacent to major employers including the Mayo Clinic Hospital , Desert Ridge Marketplace and the JW Marriott Resort . Also nearby is the Scottsdale Airpark, home to approximately 50,000 employees and 2,600 companies, including national or regional hea...

Is a market with hardly any liquidity a market? Look at property in Hong Kong, where housing is the least affordable in the world and prices keep climbing in the face of official curbs. Up and Away Hong Kong home prices have paused in the past month but have been climbing for more than 10 years Source: Centaline Property There's very little buying and selling of old homes in the territory. Painful loan-to-value rules mean second-time buyers of property valued at more than HK$10 million ($1.3 million) -- just enough to bag an apartment of less than 500 square feet in Central District -- can only borrow a maximum of 40 percent; it's 50 percent for transactions below that level. An increase in stamp duty last November set the transaction tax at 15 percent of the cost of a resold home for permanent residents, and double that for foreigners (mostly those from mainland China). According to JLL, as Jones Lang LaSalle Inc. is known, transaction volumes in the secondary market have ...