Business News Headlines

The London Borough of Lambeth has granted approval to property company Canary Wharf Group and Qatar's sovereign-wealth fund to build eight towers near the London Eye on the River Thames.

The building housing the Singapore Association of the Visually Handicapped (SAVH) is undergoing an extensive makeover worth S$30,000 for free, sponsored by the Singapore Contractors Association Limited (SCAL) and Building and Construction Authority (BCA).

The 46-unit residential development 8 Napier (pictured) along Napier Road in Singapore has won the Merit Award in the overseas category at the Hong Kong Institute of Architect (HKIA) Annual Awards.

Despite the rising number of shopping options available on social media outlets, Asian buyers still prefer traditional shopping habits, according to the latest Reader's Digest Trusted Brand (RDTB) 2013 Survey.

Raffles Hotel Singapore (pictured) has been named the Best Hotel in Asia for the sixth time at the Ultimate Luxury Travel Related Awards (ULTRA) held in London.

EXCLUSIVE: What does this week's news of Tulip Group's decision to pull out of Pattaya's residential market to focus on standalone hotels mean for the booming property sector in the Gulf of Thailand city?

Singapore has been ranked as the third lowest-risk Asian destination to locate a data centre, according to a report by consultancies Cushman & Wakefield, hurleypalmerflatt and Source8.

Singapore saw a sharp decline in residential resale volumes across all segments in the first quarter of 2013, according to a DTZ report.

BlackRock has entered into an agreement to acquire private equity property company MGPA. The deal is expected to significantly enhance its real estate investment capabilities in Asia Pacific and Europe, areas where MGPA operates.

Around 60 Singapore companies have poured in US$850 million (S$1.07 billion) worth of investments into the massive Sino-Singapore Tianjin Eco-City project.

Asia is unlikely to see an asset bubble, although financial tensions could increase in the next 18 months, according to Michael Spencer, Chief Economist at Deutsche Bank.

The Monetary Authority of Singapore's (MAS) macroprudential measures are said to have achieved "some degree of success" in cooling the property market and will be tweaked depending on market conditions.

There was an explosion of interest in one Brisbane apartment block last week after it was featured on a current affairs television programme, highlighting rules which prevent families with children and pregnant women from living there.

Private home sales involving Singaporean buyers rose in April compared to deals made by foreigners including permanent residents (PRs).

A two-storey freehold bungalow (pictured) at Tudor Close in District 11 is up for sale by tender with a price tag of over S$38 million, said the property's marketing agent Savills Singapore.

New mass market projects launched last weekend received strong interest from home buyers, reported The Straits Times.

Indonesians were the third largest group of overseas property buyers in Singapore during the first quarter of 2013, accounting for 24 percent of all foreign deals.

The government's recent cooling measures to moderate property prices are still not enough, according to 60 percent of the 662 online respondents in PropertyGuru's latest Property Sentiment Survey for the second quarter of 2013.