Press Releases
The latest press releases to come from the overseas property market - read what they have to say about what!

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Damac Properties, the luxury lifestyle provider and Middle East’s largest private sector master developer, announced that it currently has five projects under development in Egypt.

Park Avenue located on the Cairo/Alex Desert road is Damac’s first project and was launched in October 2007. Park Avenue is a unique retail and commercial development spread across over 32 acres. The second and third projects are located in New Cairo and are spread across 4,500,000 million square meters. Hyde Park, launched in December 2007, is a residential project consisting of an exclusive villa development.

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As the global economy was engulfed in crisis last week over 6,000 Russians were searching for investment bargains at the third Moscow International Property Show. The two-day show with 154 exhibitors was rated an outstanding success by participants and organisers, the Ai Group.
The two-day show attracted 6,293 visitors to stands representing investment class properties in 28 countries and left most participants exhausted and out of brochures.

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One-Raffles-Place-Singapore-night-scene

Singapore, 25 September 2008 – OUB Centre Limited today unveiled plans for a spectacular new 38-storey commercial tower which will form part of One Raffles Place, creating a new gateway to Singapore’s established centre of business and commerce.

The new One Raffles Place tower will provide 350,000 square feet of Prime Grade A office space and is scheduled to be completed in 2011. It will stand alongside the existing OUB Centre, one of Singapore’s tallest buildings, officially opened by the then Prime Minster Lee Kuan Yew 20 years ago.

Henry Kok Moo Yong, General Manager of OUB Centre Limited, said that Raffles Place had been the centre of commerce in Singapore for over a century.

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Located at the foot of the Canadian Rockies and surrounded by almost three million acres of protected wilderness, Three Sisters Mountain Village is extending its environmental schemes to preserve the local surroundings.

Highlighting the environmental credentials of this four season alpine resort, the prestigious eco-homes review website whatgreenhome.com has awarded the development an -excellent standard’ kite mark.

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Buying a home in Croatia is set to get easier with news that the Croatian government is removing restrictions on European Union citizens from February 1st, 2009.

From that date, EU citizens will have the same rights to purchase property as Croatian nationals, other than certain rural land. The Croatian government is also streamlining some of the other processes of buying property in the country to help harmonise domestic legislation with the rest of the EU. Croatia may be joining the EU as early as next year.

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Over 60 apartments, or 70 per cent of first release, sold in a week

15 September 2008, Singapore – Leading property investment and development company, Hong Fok Corporation, has received a strong response for their new Singapore residential development, the Concourse Skyline. Private previews held over the past week have sold more than 70 per cent of the apartments released in the first phase.

Hong Fok Director SE Cheong said that more than 60 of the 90 apartments in the first release put on sale at private preview over the past week sold at average prices ranging from $1,500 to $1,800 per square foot.

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360-unit Concourse Skyline signals confidence in Singapore’s property market

Concourse-Singapore-Skyline-Apartments

Leading property investment and development company, Hong Fok Corporation, today launched a new 360-unit residential development that offers sweeping waterway and city views, and over-looks Singapore’s newest and most exciting attractions.

The Concourse Skyline will be at the centre of Singapore’s new ‘action’ zone. Over-looking the newly developed pit lane of the Singapore GP; the proposed Singapore Sports Hub, and the upcoming Marina Bay Integrated Resort, the location will offer buyers buzz and excitement year-round.

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Troiaresort Modern chic combined with a fascinating history can be found at Troiaresort, a new development on the Blue Coast, just 30 minutes south of Lisbon.

Troia has been considered an area rich in Roman history ever since the 16th century and excavations in its Roman Ruins were commissioned by Queen Maria I of Portugal in the 18th century. Significant archaeological discoveries include marble pieces like inscriptions, friezes and sarcophagi, coins, ceramic and glass pieces from the day-to-day of populations from the Roman Empire.

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Will nobles’ family feud result in ‘fire sale?’

Court-ordered auction of perfectly preserved medieval Corroy-le-Chateau to be held September 22, 2008. Follow the final days of the saga on-line at www.corroylechateau.com

Paris, September 8, 2008 ‘The last act in a family’s long-running ownership dispute over a magnificent, 800-year-old Belgian castle will play out in an auctioneer’s house in Brussels on September 22, 2008. On that date, the third and final session for the public sale of the historic castle, Corroy-le-Chateau, will occur.