February 2, 2024

News

The London Resort planning application proceeds to examination phase

The ambitious London Resort project, envisioned as a world-class entertainment destination, celebrates a significant achievement as it successfully progresses through the rigorous Planning Inspectorate application process. This milestone marks a pivotal step forward in the realization of a project poised to transform the landscape of leisure and tourism in the UK. As the first entirely commercial Nationally Significant Infrastructure Project (NSIP) of its kind, the London Resort holds the promise of unleashing substantial economic benefits, with forecasts projecting a staggering £50 billion in gross economic activity (GVA) over its initial 25-year period. Moreover, the project is anticipated to catalyze the

February 2, 2024 No Comments

News

Prime Central London property braces for a comeback

Real estate experts foresee a resurgence in Prime Central London (PCL) properties this year, driven by a surge in residential property demand ahead of impending changes to the Stamp Duty Land Tax (SDLT). The current stamp duty holiday, offering tax savings of up to £15,000, concludes on March 31, coinciding with the introduction of a 2 per cent SDLT foreign buyer surcharge on April 1. During this brief window, both domestic and foreign investors have an opportunity to capitalize on the favourable tax environment, leading to expectations of sustained momentum in the real estate market until the new tax incentives

February 2, 2024 No Comments

News

Cooling measures likely as Singapore house prices continue to rise

The Urban Redevelopment Authority (URA), on 1 April, had released the data on rates of private homes in Singapore. It highlighted that the prices increased by 2.9% in the first quarter of 2021 when compared to Q4 of 2020. Before the real estate curbs were laid in July 2018, the property prices increased by 3.4% in the second quarter of that year. This year’s rise is said to be the sharpest quarterly surge since then. This estimate has been compiled by analysts based on the stamp duty payment transaction prices given in contracts. It also factors the data obtained from

February 2, 2024 No Comments