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Archive for the ‘New Development Alert’ Category

The Chicago Spire – a closer look

by Overseas Property Mall on Thursday, November 22nd, 2007 in New Development Alert, Property & Real Estate Press Releases, Property News Summaries

The official launch of The Chicago Spire was on the 26th September at a prestigious event in Millennium Park, Chicago. A specially invited audience heard presentations by the two men who have brought this major new development to Chicago.

Architect Santiago Calatrava provided insights into his inspiration behind the 2000ft spiralling structure that will be home to 1200 condominiums when it opens in 2011. Garrett Kelleher, head of Shelbourne Development Group Inc., the driving force behind the project, gave his vision for a building that has already generated considerable interest across the world.

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The Palms, Dubai in Photographs

by Overseas Property Mall on Wednesday, November 21st, 2007 in Dubai, Middle Eastern Property, UAE Property, Waterfront Property

The Palm Islands is a series of artificial islands in Dubai, United Arab Emirates on which major commercial and residential developments have and will be constructed. The islands are the largest land reclamation projects in the world and will result in the world’s largest artificial islands. They are being constructed by Nakheel Properties, a property developer in the United Arab Emirates, who hired the Dutch dredging and marine contractor Van Oord, one of the world’s specialists in land reclamation. The islands are The Palm Jumeirah, The Palm Jebel Ali and The Palm Deira.

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Brad and Angelina Buy their own Private Island

by Overseas Property Mall on Friday, November 16th, 2007 in Billionaire Homes, Celebrities & Property, Dubai

Brad Pitt and Angelina Jolie - Better Looking than You

Brad Pitt and Angelina Jolie have bought their own Island in “The World,” Dubai’s ultra-exclusive offshore development. Dubai-based celebrity and society web site Ahlanlive reported that the film stars have bought an island with a view to turning it into a showpiece for environmental issues with the hope that it will encourage people to live a “greener life,” – no comment.

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Luxury Panamanian Condominiums

by Overseas Property Mall on Monday, November 12th, 2007 in International Properties for Sale | Real Estate Listings, New Development Alert, Panama Property, South American Property

The real estate market in Panama is booming and one of the most “happening” areas is the luxury condominium sector. Despite attempts by the Panamanian government to slow down development, the skyline is bursting with new developments. Demand is high, partly because Panama is one of the largest free trade areas in the world, second only to Hong Kong. Panama is also a major banking centre due to “relaxed” banking laws.

There are some doubts as to the long term viability of this market, which is largely populated by “flippers,” property investors who buy and hopefully sell on a condo before construction is even complete.

Estate agents are obviously keen to encourage this practice as it means earning several commissions on the same piece of property and are trying their hardest to push prices over $5,000 per square meter. So far, the highest achieved has been $4,000. As little as 2 years ago, the record price was Less than a quarter at $1,000.

But the fear is, that when the time comes, there will be no actual “residents,” for these condos. Only time will tell as to how well grounded these fears are, and for the time being, Panama is still attracting many foreign flippers.

Here is a look at some of the upcoming condo developments in Panama City.

Element Boutique Condominiums

A 32-story high-rise featuring 100 luxury condominiums.

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Tallest buildings in the World

by Overseas Property Mall on Sunday, October 28th, 2007 in Dubai, Dubai Property, New Development Alert, UAE Property

Following on from a look at the development in Dubai over the last few years, (If you build it, they will come) here is a closer look at one of the major new developments currently underway. Construction of the Burj Dubai is now over halfway through construction and according to the official website, is currently over 574 meters tall, with 154 completed stories. Along the way, the builders have surpassed a number of previous records in their creation of the World’s tallest building:

February 2007
Burj Dubai surpasses the Sears Tower as the building with the most floors.
May 13, 2007
Burj Dubai sets record for vertical concrete pumping on any building at 452 m (1,483 ft), surpassing the 449.2 m (1,474 ft) to which concrete was pumped during the construction of Taipei 101.[7]
July 21, 2007
Burj Dubai becomes the tallest building on Earth surpassing Taipei 101 which stands at a height of 509.2 m (1,671 ft).The previous day, the head of the Council on Tall Buildings and Urban Habitat (CTBUH), Antony Wood, had confirmed that it “surpassed the height of Taipei 101 structurally (concrete).” However, he also added “We will not classify it as a building until it is complete, clad and at least partially open for business to avoid things like the Ryungyong [sic] project. Taipei 101 is thus officially the world’s tallest until that happens.”
August 12, 2007
Burj Dubai surpassed the height of the Sears’ Tower antenna which stands at a height of 527.3 m (1,730 ft).
September 03, 2007
Burj Dubai becomes the second-tallest freestanding structure, surpassing the 540 m (1,772 ft) Ostankino Tower in Moscow, Russia.

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If you build it they will come.

by Overseas Property Mall on Wednesday, October 17th, 2007 in Celebrities & Property, Dubai, Dubai Property, Irish Overseas Property Market, Middle Eastern Property, UAE Property

It seems to me, the Dubai city planners may have watched the Kevin Costner movie, “Field of Dreams,” one too many times. But they weren’t far wrong. They did build it and they did come. In fact, they are still coming and the planned developments over the next few years should bring even more. I found some interesting photos of Dubai which show the development over the last few years. The first one is taken in 1989 and the second in 2005. Spot the difference? There has been quite a stunning amount of development in Dubai, and these two photograph, seen together, graphically demonstrate that fact. The next few are some projections of future developments. It’s hard to see an end in sight, with the ‘Palm Islands” and “World Archipelago” developments pushing the boundaries even further.

Dubai 1989:

Dubai 2005:

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Bobby Charlton and the Dubai Sports City

by Overseas Property Mall on Monday, October 15th, 2007 in Celebrities & Property, Dubai, Property Exhibitions & Events, Property Industry News, Property News Summaries

Football legend, Sir Bobby Charlton, one of the most well-known figures in English and World football was in Dubai today, to officially launch the third season of Manchester United Soccer Schools as part of the Dubai Sports City project.

Details of the new program, which is expected to be the most successful to date, were announced at the launch event, which was attended by not only Sir Bobby, but also representatives of Dubai Sports City and presenting sponsor Milo. This is the third season of MUSS skills development sessions and is set to attract over 750 boys and girls from across the region, with over 60 nationalities creating a truly multi-cultural sporting environment.

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10 Most Expensive Condominium Developments in Kuala Lumpur

by Overseas Property Mall on Monday, August 20th, 2007 in International Properties for Sale | Real Estate Listings, Kuala Lumpur Property, Malaysian Property, New Development Alert

Kuala Lumpur Skyline
Kuala Lumpur Skyline [photo credits to Christopher Chan on flickr]

The Star (Malaysia) recently published an article titled Kuala Lumpur’s 10 most expensive condos. The article revealed a list of Kuala Lumpur’s 10 most luxurious high end Condos going for a minimum of RM1000 sq/ft (£142 or US$287 sq/ft). The list however excluded the yet-to-be launched Four Seasons and Binjai developments.

We are going to shed more light on each of the 10 most expensive condo developments in Kuala Lumpur.

1. One KL
2. The Troika
3. K Residence
4. The Meritz
5. Marc Residence
6. The Avare
7. Park Seven
8. Pavilion Residence
9. Idaman Residence
10. Ampersand @ Kia Peng

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New ‘iPod’ style development – ‘The Pad’ Dubai – located in Dubai Business Bay

by Overseas Property Mall on Wednesday, May 9th, 2007 in Dubai, Dubai Property, International Properties for Sale | Real Estate Listings, New Development Alert, UAE Property

iPad Omniyat Full View

Earlier this month Omniyat Properties previewed their planned 230 apartment development, ‘The Pad’. Models of the building, to be designed to look like an iPod MP3 player, were on display at Dubai’s International Property Show 0n 3-5 April.

As an intelligent building the Pad will demonstrate prime specialisms of Omniyat Properties ultimate parent, Almasa Holdings, namely IT and real estate. Also known as ‘iPad’ the building will include lofts, studios and one and two-bedroom apartments. According to Bloomberg (25th April), apartments will cost up to AED 9m ($2.5m). The smallest units start at 581 sq. feet.

Starting prices according to Dubai based realtors GoWealthy.com are as follows:

Studio US$343,688
1 Bedroom US$362,372
2 Bedroom US$901,158

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Malaysia: Will the Planned Iskandar Development Region complement the role of Singapore or mimic and compete with it?

by Overseas Property Mall on Friday, May 4th, 2007 in Malaysian Property, New Development Alert, South-East-Asia Property

The plans for the Iskandar Development Region (IDR) were unveiled as part of Malaysia’s 2006-2010 development plan. Commentators (and investors) are still trying to gauge how much of the enormous scope of this development will come to fruition. Given its proximity to Singapore, the state of Johor at the southernmost tip of the Malay Peninsula is surprisingly undeveloped. The IDR is designed to address Johor’s under-development relative to Malaysia as a whole and to reverse the recent downward trend in Malaysia’s inward investment.

johor3.JPG

The development is really only at an early stage at present. However, it is hoped that in the course of the current 5-year plan it will attract RM 50bn of investment (approx. $15bn). The 5-year plan itself allows for an investment in infrastructure of RM 4.3bn with another RM 3.4bn being provided by development funds. Khazanah Nasional, Malaysia’s national development fund is the IDR’s sponsoring body and will be supplying a significant proportion of this element. Finally, it is hoped that the private sector will provide about RM 10bn’s worth of investment in the initial phase of the programme.

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