Page 1


49

[ places ] New & Noted Places and plans for your travel diary 49 french connections Why now is the right time to invest in France 52 down under Where to buy on Australia’s east coast 58 taking on tax Your guide to tax efficient destinations 64 top ten LOFT looks skyward to the world’s tallest buildings 70 singapore shophouses Beautiful renovations are transforming the town 82 LOFT DIRECTORY Spaces, Faces and Places that inspired us this issue 88


04


Steve Leung Hampton 3A_Photo Index

LOFT

winter 2011/2012

The Hampton 3A_003

The Hampton 3A_007

The Hampton 3A_002

The Hampton 3A_009e

The Hampton 3A_015


08


r


winter 2011/2012

Foster & Partners Top Projects:

- Sainsbury Centre for Visual Arts - Stansted Airport - American Air Museum - Carre d’Art

Never be afraid to wipe your mind clean and start afresh. A clean sheet of paper

LOFT

[ spaces | west kowloon ]

20


LOFT

winter 2011/2012

[ spaces | aGenT SecReTS ]

22


Imagine a home that celebrates your most fervent passions. One of Singapore’s most coveted addresses with only 56 exclusive units. Luxuriate and rejuvenate in the tallest car-porch residence in the world. Choice units available for sale.

From the developer of

A

m e m b e r

o f

K O P

P r o p e r t i e s

For Enquires: (65) 6533 7337 or (65) 84814982 or (86) 21 63406887 2 Shenton Way, #12-02 SGX Centre, Singapore 088804 www.hamiltonscotts.com | info@haydenproperties.biz

Developer: Sardina Properties Pte Ltd Company Registration No.: 200702750C Developer’s License No.: C0308 Tenure: Freehold Lot/TS: 416N TS26 BP No.: A1323-00702-2007-BP04 (07 May 2008) Expected Date of TOP: 30 June 2013 Expected Date of Legal Completion: 30 June 2016


[ spaces | no place like home ]


Sanlitun Village at Beijing


01

02

03


04


01

03


01


Yadua, Fiji

Private Island

THE RICH AND FAMOUS OWN FIJIAN ISLANDS INDEED, SIR RICHARD BRANSON HAS SAID ‘ BUYING HIS PRIVATE ISLAND, NECKER, WAS ONE OF THE BEST BUSINESS DECISIONS HE EVER MADE, ISLANDS ARE TRUELY THE ULTIMATE LUXURY INVESTMENT ’

From US $990,000 Up to 1acre of Land included 2 Bedroom Clifftop Bures and Overwater Bungalows including deck and private pool

Yadua Island Fiji Island Australia

New Zealand

Since 1887 RAINE & HORNE PROJECTS HONG KONG LTD IS NOT LICENCED TO DEAL WITH ANY PROPERTY SITUATED IN HONG KONG

Request Your Free Information Kit +852 2866 0631 r-h.com.hk


PARIS Hotel Thoumieux

JODHPUR Raas


winter 2011/2012

Investment from the Chinese has been particularly noticeable in Paris

LOFT

[ places | french connections ]

56

Art nouveau in Paris


Sydney

PORTSEA - VICTORIA Mornington Peninsula hot spot Portsea has recorded a rare 3.5 per cent slide to its $1.45 million (HK$12m) house median. Nonetheless, the narrow slice of prime water-fronted land is protected by “a property market love bubble”, according to longtime observer Warwick Anderson. It has only posted 36 house sales in the past 12 months so the tricky part for investors will be securing one of its few listings, RT Edgar director Anderson says. “Our homeowners tend to downsize in Melbourne before they will ever sell in Portsea,” Anderson explains. “Perhaps it is partly ego-driven but no matter what, they tend to hold on and do the opposite of what happens in a traditional holiday home location.” Anderson says recent “long, cold” months have been quiet. There have been some sales under $1 million (HK$8.2m) but vendors with houses above $1 million have largely opted to remove their listings from the market. “Most of these people don’t have to sell so you could say Portsea sits in a property market love bubble protected by its low stock numbers and the fact when times get tough listings

disappear.”Anderson says $2 million to $3 million (HK$16.4m to HK$24.6m) buys a house less than 15 years’ old on 1,000 sqm to 1,500 sqm ... but good luck finding one.

ASCOT – QUEENSLAND Queensland’s prestige house values have struggled since 2008 due to the doublehit of GFC-fallout and natural disasters. Ascot, in the inner ring of Brisbane, is one of the northern city’s most prestigious suburbs. Its highest sale price this year was $4.8 million (HK$39.7m) for a house on 1239sqm, according to the Real Estate Institute of Queensland. Its median house price, however, slid backwards to $972,500 (HK$8.05m); a dip of 8.9 per cent. “Many owners of prestige property are either deciding not to sell until market conditions improve or those that need to sell have had to be very realistic in their asking prices to achieve a sale and some owners are selling at prices below what they would

of the property cycle and now is a good time to buy.” Harcourts Ascot agent David Havig says the leafy suburb has 12 “top streets” with blocks averaging 500 sqm to 600 sqm and buyers should hunt west of Racecourse Drive. “Traditionally we get a lot of expat buyers investing in Ascot and have seen more expats returning home from Europe this year with families and looking for lifestyle properties,” Havig reports.

MERMAID BEACH QUEENSLAND Facing the Pacific Ocean, Mermaid Beach is home to Hedges Avenue, a one-way street with a 40kph speed limit and a three-storey height limit, known to locals as “Millionaires’ Row”. Today its mansions are changing hands for less than half their 2007 prices although agents say prices have finally stopped freefalling after 2008/2009’s

normally have achieved in a booming market

flurry of distressed sales, which saw $20

like the one we experienced in 2007,” REIQ

million (HK$165.4m) abodes selling for less

manager director Dan Molloy says. “It is

than $10 million (HK$82.7m).

fair to say we are currently at the bottom

“Anyone who had to sell has sold so


02

01


04

05


You don’t have to play golf to live here... world class golf is simply a bonus.

Only 10 Remain

Queensland’s only Jack Nicklaus designed course.

• Luxury resort living in a gated community. • 5 mins to Broadbeach shopping, dining & beach.

GOLD COAST

• Private marina berths with direct Broadwater access from only $35,000.

• 2 and 3 bedroom apartments 122–173sqm.

• Completed and ready to move in immediately.

• Stunning water and golf course panoramas.

• Uninterrupted coastal views.

Phone 1800 253 770 or visit our furnished display apartment open daily 10am-5pm Lakelands Drive, Merrimac, Gold Coast. signatureresortliving.com.au Sustainability Declaration available on request. TOTO. LAK22741


FACT

The wealthy are attracted by the Lump Sum Tax in Switzerland.


The Wave, Muscat in Oman


[ places | taking on tax ]


420.5 metres high


in the world


071 [ places | top ten ]

LOFT

winter 2011/2012


LOFT

autumn 2011

[ places | top ten ]

073


reviving the shophouse


01

02

04

03


05

06

07


International Property Showcase Exhibition Information Seminar

SYDNEY, AUSTRALIA

Invest *

AUD 96K AUD 288K AUD 480K

Return* 16.67% 20.00% 23.33%

Property Showcase/ Exhibition Sat Sun Dates/Locations: Visit: www.r-h.com.hk Book On-line OR phone: +852 2866 0631

NEW ZEALAND

Invest *

NZD 47K NZD 133K NZD 222K

Return* 18.33% 24.67% 28.33%

Expert Seminar Discover the Exclusive FRR/Option property investment strategy staggering Returns Get the facts: - How it works – Which properties qualify - When it will work for you - Proven international ‘Hot Spots’ - Why you should consider - How Where you can invest


E V R E S E R YOUR TICKETS NOW

February 28 & 29th 2012 7-9pm Grand Hyatt Title Sponsor

Supporting Sponsor

STAY TUNED ON www.JordanBelfort.com/asia Customer service hotline +852 2866 0918

LOFT issue six  

Combining in-depth editorial with stunning photography, LOFT magazine provides both practical investment insights as well as inspiration on...

Read more
Read more
Similar to
Popular now
Just for you