Construction has begun on the twin tower Celestion Apartments in Anzac Avenue. It’s one of only two new apartment developments currently going up in Auckland’s CBD. Being built by Kalmar Construction (responsible for The Stadium Apartments and Waldorf St Martins), the Celestion Apartments will have a completed sales value of around $60 million.
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CBD Serviced Apartment Project Starts
Oakwood Korea — Top Service at Affordable Prices
Those planning to visit Seoul for business in Gangnam, sol, would do well to remember there are options outwith the most expensive hotels.
The Oakwood Premier Coex Center Seoul, the winner in the luxury hotel- style residence category, has a lot to offer at a fairly lower price.
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Serviced apartments in Dubai rents drop 30%
Rents for serviced apartments in Dubai have dropped by 20 to 30 per cent since last August, according to real estate agents.
“The recent rent drops across Dubai have affected the serviced sector as well,” Mohanad Alwadiya, Director of Harbor Real Estate, told Emirates Business. “A one-bedroom serviced apartment in The Address hotel at Downtown Burj Dubai cost around Dh150,000 per year to rent in August 2008. However currently it is priced at about Dh115,000.
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Shama Serviced Apartments Signs Regional Banner Campaign on AsiaXpat
Shama Serviced Apartments renewed their regional banner campaign on AsiaXPAT in order to continue the successful exposure for their brand to the 500,000 unique visitors on AsiaXPAT network.
AsiaXPAT are pleased to announce that Shama Serviced Apartments, one of first companies to advertise on AsiaXPAT starting in 1999, have again renewed their exposure with a long term regional campaign.
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Analysts optimistic market is turning around
HIGH take up rates for some recent property launches could be an early sign that the local property market is bottoming out and is starting to turn around like other regional markets after an 18-month slump, property analysts say.
They pointed to the fact that three project launches over the past month, from suburban mass market to high-end condominium projects, registered superb take-up rates within a week or two of their respective launches (see table). This can be attributed to attractive financial packages by some property developers.
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