Presales Condos & Pre-Construction Real Estate




Friday, March 30, 2007

Leona Living in Seattle

A modern take on living history is what the Seattle Leona condominiums and apartment style homes will provide in addition to city sophistication, style, warmth and charm.



Located at the corner of Queen Anne Avenue North and Ward Street, the Seattle Leona Living condos and residences is currently marketed by Williams Marketing Inc. With a great history, the Leona Condominiums residential building has been completely rebuilt from the interiors standpoint including new quality materials, fixtures, features, finishes and more to create a unique condominium residence in Seattle Washington that has character and sophistication. Open living plans in addition to luxury high-end finishes are what you, as a home buyer and investor, can expect to purchase at the Leona Living apartment condos in Seattle WA.

Registraiton and Contact information


If you would like to receive construction progress updates and news events from the Leona real estate properties in Seattle, please visit http://leonaliving.com/contact.cfm to express your interest. In addition, if you would like to have a preview appointment or purchase meeting with the sales manager at Seattle’s Leona Living condominium suites, please contact Erica Clibborn at 206.371.5317 or eclibborn@williamsmarketing.com. For the latest press news about the Seattle presales condominium real estate market, please visit the Leona Condo web site at http://leonaliving.com/news.cfm for a Seattle Times: downtown living article and New Homes Saturday article about the real estate developer going the extra mile and historic homes undergoing careful renovation into luxury condominium residences in the heart of Seattle Washington. An established real estate team is behind the revitalization of the Seattle Leona Living condominiums and includes the following members listed here http://leonaliving.com/Team.cfm. The real estate development team includes Barrientos/Parkridge LLC and the architect for Leona Condos in Seattle WA is Ron Wright & Associates. The general contractor for this project is Saltaire Construction and the interior design of the amazing floor plan interiors for Leona Condominiums Seattle is by Mercedes Fernandez Interior Design. The financing will be handled by Seattle Savings Bank and the marketing and sales will be directed by Seattle’s best: Williams Marketing Inc. For a neighbourhood map of the Seattle Washington Leona Living community, please visit http://leonaliving.com/neighborhood.cfm for an illustrative view. In addition, if you are looking for hpotos of this quiet Queen Anne district along with photos of the surrounding community that you can call home if you purchase a residence at Leona Living Seattle, then click on this URL link: http://leonaliving.com/neighborhood.cfm?show=Photo.

The Building features at Leona Living


This Seattle real estate development will feature everything new in the interior design and finishes, leaving nothing except the exterior façade and building structure alone to preserve the historic character and culture of the community. The Seattle Leona Living condominiums are part of a prestigious address in the Queen Anne district of Seattle WA, and home buyers and real estate purchasers will note that the homes will have very high end new fixtures and finishes that rival the best other presales properties in and around this market area. Hardwood flooring throughout all the living spaces as well as one hundred per cent wool carpeting in the bedrooms will be part of every standard home at the Leona Condominiums in addition to flat panel wood cabinets and stone slab counters (much better than the new age granite ones that seem to generic now in other presales Seattle condominium developments). IN addition, the Leona Condos and luxury residences in Queen Anne District will also provide a gourmet appliance set that includes a Sub-Zero fridge, Viking gas cooktop, microwave, warming drawer (in the penthouse and townhome units only), and a Bosch dishwasher. In terms of the bathrooms at the Leona Living condominiums in the heart of seattle, homebuyers can expect natural stone tile flooring and luxurious shower surrounds. The building amenities at Leona Living will include elevators and reserved garage parking for all residences in addition to the original large windows that provide the best lighting throughout Residences one to thirteen. The Seattle real estate properties at Leona Living condos will also present two new two story penthouse suites that will be built above the existing historic building structure and will have south facing terraces and great city skyline views, as well as of Mount Rainier and Elliott Bay too. For those who are looking for something other than a presales condominium Seattle property, the Leona Living development will also feature three new three story townhomes with private street entrance in addition to very spacious and overheight ceilings on the main floor, unique family rooms and dens and bonus room on the third floor. There are very open and spacious townhome floorplans at the Seattle Leona Living property. For the history of the Leona building, please visit and read the following: http://leonaliving.com/building.cfm?show=History.

Floorplans at Leona


Leona 1 is a one bed and one bath unit with 1003 sq ft and nine foot ceilings while Leona 2 has 1.5 bathrooms and 1006 sq footage. The Seattle Leona Living condominium 3 is 1424 square feet and two bed, two bath plus den and Leona 4 is a one bed/one bath unit with 918 square feet. Jumping to Leona floorplan 10, this is a 1425 spacious two bed, 2.5 bath plus den condominium suite and Leona Living 11 plan is a 1 bed and 1.5 bath with 1180 square footage. 3 Ward Street at the Seattle Leona Living condominium development is a three story townhome with 2667 square feet, two beds and 2.5 bathrooms with a third floor family room and 5 Ward Street is similar but larger in size at twenty eight hundred and seventeen sq ft. 7 Ward street is the last Leona townhome/townhouse and is 2265 square feet in living space. The two Seattle Leona penthouse condominium suites include PH West which is two thousand and ninety six square feet 2 bedroom, 2.5 bathroom plus den and has eleven foot ceilings and PH EAST is two floors with 2078 sq ft and 2.5 bathrooms as well. Here are all the plans online: http://leonaliving.com/plans.cfm?planid=17.

If you are a home buyer or real estate investor, please check out these pre-sales Seattle condominium residences.

Labels: , , ,

Discussion Corner – Finding the Right Key to Real Estate

From the March 2007 edition of the Australian Property Investor Magazine. Helpful hints on real estate investments to get you started on the right foot to success.

The Australian dream of working towards home ownership until the mortgage is paid off is all very noble, but often there are no extra lump sum savings factored in for other real estate property projects. That’s the traditional way many join the Equity Rich, Cash Poor Club.



There is, however, a pot of gold at the end of the rainbow. It’s called your home. If you’re an income earner, your home is something you can borrow against by perhaps taking out a standard mortgage or line of credit to free up cash you wish to use for other reasons. Perhaps, your financial situation has changed drastically, or your daily expenditure has soared, or you may want to invest in additional real estate properties.

There’s no doubt investments in real estate is the buzzword of the decade. Proeprty investing is certainly much more prevalent than it has ever been before. With home equity locked up in your real estate property house, real estate opportunities can pass you by unless you’re prepared. Other reasons for using the equity in your home are to improve cash flow and to cope with increased daily expenditure that may be partially due to a higher inflation rate.

For income earners, the answer to unlocking equity home built up in a property real estate is as simple as re-mortgaging. All lenders offer this facility but not all loans are suitable, so do your homework before deciding.

A revolving line of credit (RLOC) facility is something to consider. It’s a special kind of home loan that may be suitable for, say, a short term cash flow problem. In some ways, an RLOC operates more like a large overdraft. You’re given a credit limit which you can draw down at any time you like. Unlike a standard mortgage on a real estate property, however, a revolving line of credit doesn’t have a minimum repayment (with a credit card, for instance, it’s typically 2 to 3 per cent of the balance each month).

The only requirement with a revolving line of credit is to keep the level of debt below the loan’s maximum loan to value ratio (LVR) which is typically 80 to 95 per cent of the value of the real estate home property. This gives the borrower far more flexibility than with a traditional home loan that has set repayments.

With this flexibility comes the ability to pay off the loan faster than a traditional home loan. Alternatively, it gives you access to additional home real estate equity. Most lenders don’t insist that you pay as much as you can, so you can have an RLOC with no debt and available at any time you need it. There may be an ongoing fee to maintain this facility.

Access to home real estate equity is a good thing, except when the loan looks like it may never be repaid. And with a line of credit, this is a possibility!

Reverse Mortgages in Real Estate


Retirees can also be equity rich and cash poor, and a reverse mortgage is a way to access the home equity tied up in a family house. It means retirees don’t have to sell their property real estate and can unlock the equity in it by receiving a lump sum or regular instalment payments to support their lifestyle. It sounds good, so what are the catches?

Yes, a reverse mortgage does provide convenience in obtaining extra cash but it comes with a few potential hassles that everyone needs to consider thoroughly.

The first is long-term financial impact, especially on their inheritance. Perhaps the prospective home buyer borrower should discuss these plans with the family beforehand. This is a complicated issue and is one of the main reasons why financial advice should be sought from a real estate expert, before rushing in and signing on the dotted line.

Most reverse mortgage products require that you maintain the home property to a specified standard and may not allow you to make certain modifications to your real estate property. If you’re considering a reverse mortgage, make sure you plan ahead and know the real estate product with its risks as well as benefits because it’s not for everyone.

In the end, some people, whether income earners or retirees, just might opt ot go the old-fashioned and sometimes easier way – sell the real estate property and go back to renting!

For more information, please visit Australian Property Investor magazine online.

Labels: , , , , , , ,

Thursday, March 29, 2007

Rivergrove Village Condominiums Ypsilanti Michigan

A real estate development by BRG Custom Homes, the Rivergrove Village Condos and residences are located in the quiet neighbourhood district of Ypsilanti near Ann Arbor in Michigan. Check out more about this real estate property below.



Rivergrove Village offers homebuyers an attractive community of ranch and townhome condominium residences within a master-planned district real estate project by BRG Custom Homes in West Metro, Michigan close to Detroit. Just minutes away from Ypsilanti as well as the shopping and nightlife in Ann Arbor MI, the Rivergrove Village condos and townhomes are what quality real estate construction and urban living spaces are all about when these two terms come to mind. Offering a host of standard amenities as well as great floor plans, affordable housing and great exterior architecture, the Rivergrove Village Condominiums and townhomes in Ypsilanti Michigan are a once in a lifetime opportunity to purchase a large home at a reasonable cost in today’s real estate market.

For more pre-sales Michigan real estate and properties around urban Detroit condominiums, click here.

About the River Grove Condos in Ypsilanti near Detroit


The opportunity of a lifetime is now available at this real estate development at 2641 Ambassador Drive, Ypsilanti Michigan. Close to both Ann Arbor and the major centre of Detroit MI, the Rivergrove Village condominiums and townhome residences provide two and three bedroom homes for families and couples with two or three bath rooms per unit condo. In addition, the condominium unit sizes at the Rivergrove Village Ypsilanti Ann Arbor homes is between thirteen hundred and seventy five sq ft to one thousand seven hundred and eighty square footage in liveable urban spaces, which is very large for any new home built in or around the Detroit metro area these days. Classified as a new construction property in Ypsilanti, the Rivergrove Condominium Village homes are priced from just one hundred and fifty nine thousand, nine hundred US dollars, again very reasonable and competitively priced for any condominium townhome style residence in this area.

More about Rivergrove Ypsilanti Condos


Close to the Detroit Metro Airport in addition to many lake parks, walking and biking trails as well as outdoor recreational facilities, boating, fishing and Jazz and Heritage Festivals, the Rivergrove Ypsilanti Condominium homes and townhome residences are fit for anyone who loves the outdoors or enjoys a simple night at home cuddling up to a fireplace with their loved ones. The Ypsilanti Detroit Rivergrove Condominium homes is a great real estate community for both investors and homebuyers and the contract representative here is Tom Moore at 734.485.0550. The sales centre for the Rivergrove Village Condos and town home residences is located at Grove and Woodale Ave in Michigan and it is open every day between the hours of 1 – 5pm or by appointment too. If you would like to contact the real estate developers directly for the Rivergrove Condos in Ypsilanti, please contact them at 248.559.3880.

Labels: , , , ,

Ensuring Coverage in Real Estate Property and A Protection Primer for New Home Buyers in BC

Written for the Westcoast Homes & Design March 2007 edition by BFL Canada Insurance Services Inc. Insurance brokers will explain the ins and outs of home insurance coverage, including any available discounts, to arrive at a custom tailored policy.



Whether buying a house or condominium or renting an apartment real estate, it’s essential to protect your real estate investments. When purchasing insurance for the first time, do you know what questions to ask? It’s important to understand that not all home insurance policies are created equal.

Insurance brokers will help you when first purchasing an insurance package. As front-line professionals they represent the interests of the clients first and help you choose the right products for their real estate investments.

When building a relationship with your real estate insurance broker, be prepared to answer questions about your home, and insurance requirements. This allows a custom-tailored insurance policy to be built for you.

A prudent broker should review all applicable discounts to you, such as age of dwelling, alarm systems, and mature real estate market discounts. If you own a house, a homeowner’s package includes coverage for the dwelling itself, detached structures, personal contents, additional living expenses and personal liability.

If you’re renting a real estate property or apartment, a tentants’ package includes personal contents, additional living expenses and liabilities.

If you own a condominium, a condominium unit package includes your personal contents, betterments, and improvements to your unit, additional living expenses and liabilities. It’s important to understand that just because the strata building is insured, you are still required to insure your individual unit. This helps to minimize the gaps in coverage between the real estate strata corporation’s policy and your individual unit owner’s real estate property policy. Ask questions about additional coverage available specifically designed for condominium owners.

All real estate property policies have limitations on items such as, but not limited to, jewelry, bicycles, silverware and computers. Ask for an itemized list of these limitations and the cost of increasing these limits when needed.

Always request a copy of the real estate policy working, which is the legal contract between you and the insurance company. Read the entire policy carefully to determine your rights and duties and what is not covered. Clarification should be given on any item that you don’t understand.

If any real estate property coverage is excluded under the policy, such as earthquake, ask your broker if this is available and at what cost. All policies have deductibles that apply to various losses, so ask the broker to clarify these and how your insurance costs can be reduced by increasing the deductible. Brokers offer a variety of payment options, such as monthly and quarterly instalments and one-time payments by way of cheque or credit card. Check the options available to you.

From the BFL Canada Insurance Services Inc.

A Protection Primer for New Home Buyers in BC



Also from the Westcoast Homes & Design Magazine for March written by the Homeowner Protection Office. Legislation and regulations make sure that British Columbia’s new home buyers and real estate investors are better protected than ever before.



A booming provincial economy and a strong demand for residential real estate have persuaded many prospective homebuyers in B.C. that now is the time to invest in property. Consumer confidence in the residential real estate market has been further boosted by legislation and regulations that make buyers of new homes in this province better protected than ever before.

In addition to strong consumer legislation, home buyers of new homes built in British Columbia also have access to a wealth of free information to help them make informed decisions. Here’s a primer.

The Homeowner Protection Act


In July 1999, the rules in the new home marketplace in B.C. changed significantly in favour of real estate consumers and investors. The provincial Homeowner Protection Act was introduced to protect homebuyers of new homes and to bring about improvements in the quality of residential real estate construction. This legislation resulted in two key systems consumers should be aware of – one involves licensed residential builders and the other home warranty insurance.

The Homeowner Protection Act also established the Homeowner Protection Office to administer homeowner protection legislation and regulations and to provide information on these and other topics of interest to buyers of new homes.

Home Warranty Insurance


New homes built by Licenced Residential Builder in this province of BC must come with minimum home warranty insurance established by legislation. This insurance cover real estate buyers of new single family and multi-unit homes for a minimum of two years against defects in labour and materials (some limits apply); five years against building envelope defects, including water penetration; and 10 years against structural defects. Home buyers and real estate investors in BC and Greater Vancouver should check to make sure a project property has what is often referred to as 2-5-10 coverage.

New strata-titled condominiums in Vancouver are covered by two home warranty insurance policies. One applies to the unit for sale, and the other to common areas like building lobbies. The terms and effective and expiry date of coverage may be different for each home policy.

Licensed Real Estate Residential Builders


As of 1999, all residential property builders must be licensed with the HPO and must arrange for third-party new home warranty insurance for a real estate project in order to get a building permit or commence construction. Consumers should check to see if a builder is licensed by visitng the HPO website, where the HPO maintains a province-wide registery of licensed property residential builders.

Owner-Built Homes in BC


Prospective home purchasers of new property should be aware that owner-built homes are not required to be built by a licensed residential builder or to be covered by home warranty insurance in BC. Issues that arise after purchasing concerning defects would have to be settled directly with the owner-builder. Failing that, the purchaser’s only recourse may be in the courts.

Where to get More Information


For more information on licensed real estate residential Vancouver and BC Builders, home warranty insurance, owner-built homes or a free consumer protection guide for home buyers, contact the HPO by telephone toll-free: 1-800-407-7757 or by visiting the HPO website: www.hpo.bc.ca.

Labels: , , , , , ,

Wednesday, March 28, 2007

New Washington DC Presales Condominiums

Join UrbanLand Company For Our:

LIVE LARGE WASHINGTON DC REAL ESTATE PRESALES EVENT - Tuesday Eve 6-8 PM in 3 Locations



HUGE UNITS, DUPLEXES & LOFTS ONLY at this unique event. We have picked the
swankiest and most contemporary LARGE LIVING spaces available in DC to
showcase - OPEN HOUSES WILL INCLUDE:

-------------------------------------------------------

CAPITOL OVERLOOK II


223-227 R Street, NE - 6-8 PM
6 2-Level Townhouse Lofts - 2BR+Den or Lofts

FEATURES: 10'-20' Ceils, Floor-to-Ceiling Windows, Contemporary Glass/Stone/Steel Kitchens, Luxe Tile Baths w/Vessel Sinks, Walk-In & Built-In Closet Sys, Speakers/Intercom Systems Throughout, Full Size W/D, Private Balconies/Decks & Patios, Garaged Parking Included.
from $514,250

-AND-

SAINT JOHN'S WOOD


1610 11th Street, NW - 6-8 PM
3 ENORMOUS Duplex Lofts - 2BR Lofts
Super Wide Spaces Ideal for Entertaining.

FEATURES: 20' Ceilings, Lofts Overlook Living Areas, Exposed Ducts, Maple Plank Floors, Fine Wood Cabs & SS Appliances in Spacious Kitchens, Contemporary Horizontal Tile In Baths, Private Patios & Parking Available.
from $699,900

-AND-

1301 FIRST STREET


NW - 6-8 PM
Wide Open Custom Pad w/2-Levels - 3BR/2.5BA
FEATURES: New Construction w/Private Entrance, Deep Kitchen w/Pendant Lit Island, Mosaic Tile, Cherry Hardwood Floors Throughout, Massive Living/Dining Room w/Fireplace, Master Bath w/Jacuzzi Tub & Separate Shower, Master BR w/Private Balcony.
from $689,900

---

See you there!

UrbanLand Company
Real Estate Brokerage
202.299.9223

For more information about pre-sales Washington DC real estate condos and properties, click here.

Labels: , , ,

Tuesday, March 27, 2007

West 58 Condominiums at New York WFifty8 Columbus Circle Apartments

A New York real estate apartment tower residence is now available at the West 58 Condo Homes and Condominiums which are also code named the NYC WFifty8 at Columbus Circle tower residences. Located in central New York City, West 58 WFifty8 Condominium homes are modern playful and indulgent urban spaces for New Yorkers.



Much like the other run down commercial buildings in Columbus Circle, the WFifty8 Condominium tower residences is a revival of the traditional and historical telephone exchange office of New York City. The renovation of this turn of the century architectural gem in New York West 58 commercial building has now been transformed into a luxurious modern chic yet sophisticated tower residence at NYC WFifty8 apartment condominium homes at Columbus Circle where you will have urban spaces, loft style residences and enclosed rooms. A low-rise of only five stories high, this West 58 New York real estate property condominium tower at WFifty8 NY loft style apartment condos features six new construction floors that are contemporary and will feature some exclusive penthouse suites as well as duplexes only for a lucky few. These luxurious West58 condominium apartment residence homes at New York City’s loft WFifty8 condos at Columbus Circle will also have spacious outdoor terraces with beautiful views. With all the modern features and amenities for today’s urban individual and family, the WFifty8 condominium homes at West 58 New York City real estate property lofts will be located in the newly revived community of Columbus Circle where you will find the best of what Manhattan has to offer that includes cultural and landmark attractions, restaurants, recreation and shopping, all within walking or a short driving distance away from your private homes and penthouse suites at the West 58 New York City WFifty8 residences.

The West 58 Residence Floor Plans at New York’s WFifty8 Real Estate Condominium Apartments


There are two current layout floorplans available online at the NYC WFifty8 web site that includes Residence B on Floors three, four and five as well as Penthouse Five on Floors ten and eleven. The luxury residence apartment floorplans at West 58 New York real estate condominium homes and loft residence apartment suites includes floor plan B which is a three bedroom and three and a half bath room condo. On floors three and five of the low-rise residential building at New York West 58 apartment homes at Columbus Circle, the square footage for Residence WFifty8 B is two thousand seven hundred and thirty two sq ft with an open style kitchen leading into a living and dining room and views onto West 58th street in New York City. Residence B on Floor 4 at the WFifty8 property homes and condos at New York City West 58 condominiums is slightly smaller at 2,721 sf. The Penthouse suite at the NYC West 58 condo apartments is actually a duplex condominium with three beds, two and a half bathrooms in addition to being a two level home with two open terraces with beautiful views out to the city. The WFifty8 New York condominium apartment penthouse home at Columbus Circle is a spacious three thousand six hundred and eighty square feet with a terrace space of nine hundred sf. You can view a Columbus Circle slide show gallery of the New York West 58 WFifty8 condo apartment residences online at their website located at wfifty8.com in addition to downloading PDF versions of both floor plan layouts.

Featured Specs


A luxury conversion of a previous commercial space, the low-rise revived building of WFifty8 New York condominium homes and residences features over height ceilings of ten to fourteen feet high in addition to hardwood flooring (cherry) and solid wood doors. In addition, all residents at the West 58 condo homes at Columbus Circle and residences in New York real estate market WFifty8 condominiums will also enjoy all pre-wiring required for security systems, cable, high speed internet connections and phone lines. The penthouse suite apartments at West 58 New York will provide large terraces and WFifty8 balconies at Columbus Circle with great unobstructed views of the surrounding city as well as open style kitchens with Thermador, KitchenAid, GE and Bosch finishes, appliances and fixtures. In addition, frost paneled doors on walnut wood cabinets in the kitchen of these New York City West 58 condominiums at WFifty8 apartment condo homes will provide an elegance and sophistication not seen at a Columbus Circle development in years. In addition WFifty8 at Columbus Circle New York City will provide luxurious master bath rooms that are spa and resort inspired that will include walnut, chrome and stainless steel finishes in addition to glass enclosed showeres and Kohler bath tubs and marble flooring. The guest bathrooms at the New York West 58 apartment condominium homes and residences at New York real estate properties in Wfifty8 at Columbus Circle will also have fine finishes that will include stone tiled flooring, chrome watermark fixtures and American walnut vanities with a luxurious and high-end Kohler sink. The residence apartments at West 58 WFifty8 New York condo homes and residence properties with powder rooms will see an exclusive Bizazza terrazzo flooring with marble vanities and stainless steel sink.

Contact


Within the amazing city of NYC in the Manhattan district where residential meets business meets retail districts, the West 58 NY condominium property homes and apartments at WFifty8 Columbus Circle are situated at 426 West 58th Street in New York, NY 10019. For more property information, please contact Elad Properties today and directly to Tom Elliott at 212-807-6161 or TElliott@eladproperties.com. You can also find out more about the West 58 New York WFifty8 at Columbus Circle residence apartment condos online at the marketing web site located at wfifty8.com.

For other East Coast real estate including Chicago presales condominiums and pre-construction Philadelphia properties, visit these URLs.

Labels: , , , , , , ,

Slim Pickings in Vietnam’s Real Estate Commercial Market

Published as a cover story in the Vietnam Economic Times February 2007. Mr. Daniel Fancey, Senior Manager of Corporate Services at CB Richard Elllis (Vietnam) takes a look at what office real estate space exists in the country’s major centres.

With Vietnam officially becoming a member of the WTO at the end of 2006, demand is high for office space and commercial real estate in a market with little quality supply. Surprise awaits newcomers as the lack of availability forces rents to a much higher level than elsewhere in South East Asia. The strong demand in commercial real estate is also due to successful Vietnamese companies that are upgrading to higher quality office space. Hanoi and Ho Chi Minh City are the main office locations, but other cities in the country are moving forward as well. Da Nang, in particular offers real estate space in new real estate developments for the growing demand in the international standard office space.



Ho Chi Minh City Real Estate


Ho Chi Minh City possesses only five Grade A buildings offering just above 73,000 square metres of office space – 28 per cent of the total office stock. All located in District 1, these Grade A buildings are full and the occasional available space is currently offered at a minimum of $32 per sq m per month (inclusive of service charges) an 8 per cent increase form a year ago. New supply in Grade A commercial real estate space will come online in 2008-2009. Until then, companies in need of expansion have to consider Grade B and C or decentralised alternatives. Foreign companies entering the real estate market are quickly snapping up the voids created when such movements occur.

A limited new supply of quality commercial real estate space in 2007 is of Grade B quality at monthly rates ranging from $25 per sq to $30 per sq m (inclusive of service charges), dpending on location and features. Occupancy in the 11 Grade B buildings in Ho Chi Minh City commercial space is at its peak. Of the new buildings, the 9 Dinh Tien Hoang buildings offer an excellent column-free floor plate of sufficient size for medium and large size companies.

There are numerous small buildings comingon to the commercial real estate market, typically with 1,500 to 2,000 sq m of useable space. They may become a viable alternative for large occupiers as a single-tenant option only if they offer a good location and an acceptable quality level. It is critical for real estate developers of such buildings to understand the needs of an international clientele in order to ensure adequacy in terms of space, tenant management and retention. This real estate commercial market segment may not succeed in influencing the quality office market by eroding the demand for larger buildings with international standard features.

Hanoi Commercial Buildings


Hanoi was on centre stage in November with the APEC meeting and the official announcement of Vietnam becoming the WTO’s 150th member. Demand for commercial office space in the capital is high and new quality real estate supply is scattered in and around the city centre. The capital is the logical address of many multi-national companies, diplomatic missions, international organisations and growing number of global-savvy Vietnamese companies.

The total leaseable stock of Grade A building commercial space in Hanoi stands at 84,000 sq m in nine buildings, that ended the year at full occupancy. An additional 22,000 sq m is coming online in Hanoi in 2007 with Pacific Place and the Opera Business Center. Nevertheless, monthly rentals are at $30 per sq m and up (exclusing service charges and VAT) in Grade A commercial buildings due to strong demand for high quality space.

The opening of the HRS Building and Hoa Binh International Towers pushed the Grade B sector stock close to 145,000 sq m from the previous 115,000. The sector in commercial real estate in Hanoi ended the year with a vacancy rate of about 8 per cent due to the new supply. Several new commercial buildings are under construction, like North Asia Tower, Viglacera Tower, VIT Tower, and Kinh Do Building and The Manor, all of which will add another 65,000 sq m to the commercial real estate market in 2007. Most of these new commercial buildings already have more than 60 per cent commitments from tenants with monthly rentals in the $15 to $20 per sq m range depending on the features and the location’s attractiveness, with most being in the city’s new clusters.

New Grade B commercial real estate supply in Hanoi will relieve some of the pressure on average rentals in Hanoi, but strong demand for quality features and location will remain the driver of any increases.

Da Nang Real Estate


The fourth largest city in Vietnam is clearly moving forward and tremendous change has been seen in recent years. Quality infrastructure, an international airport, port facilities, and industrial zones, proximity to major heritage sites and famous beaches for tourism all contribute to impressive GDP growth of 13 per cent over the last five years in Da Nang.

Total commercial real estate office space in Da Nang doubled in 2006 and the year ended with nearly 20,000 sq m of supply. Occupancy is at 96 per cent and demand is increasing, notably from the financial insurance and education secotrs, as well as from major distributors involved in central Vietnam and transport and logistics companies.

Located on the busiest street in Da Nang, just five minutes from the airport, Vinh Trung Plaza (VT Plaza) is currently under construction and will bring 6,000 sq m of international office space at the best location in the city in Q2 this year.

The IndoChina Riverside Tower will add more than 6,000 sq m of international standard commercial real estate office space in a high-quality mixed used development in the middle of 2008.

Labels: , , , , , ,

Sunday, March 25, 2007

Should you rent or buy your next real estate property?

Stuart Wemyss of API Magazine (Feb 2007). Part 2 of 2 of this useful article that explains the differences in saving money for a real estate property purchase for primary residence versus one for investment purposes.



Cash flow and borrowing capacity difference


From a cash flow perspective, renting real estate may be a lot cheaper, especially for people with little equity or no deposit. Consider the example of two people who occupy a real estate property worth $500,000. The renter will probably pay a rental yield of say 3.5 per cent, depending on location. This amounts to an annual cash outflow of $17,500.

Assume the homeowner has a home loan of $400,000. Annual principal and interest repayments on this loan will be about $32,000. Therefore, the homeowner’s annual commitments are $14,500 higher than the renter ($32,000 less $17,500).

The renter can borrow over $220,000 more than the homebuyer because of this commitment difference (and also the fact that banks factor potential interest rate increases into their borrowing capacity calculations, which affects the homebuyer but not the renter). The homeowner’s loan would need to be less than $220,000 for the repayments to be less than the renter’s annual commitment of $17,500. The conclusion is, if you have little cash or equity, then you may be better off maximizing your borrowing capacity by renting rather than buying a home so that you can purchase more investment real estate properties.

Deposit Power


Real estate investors should understand that owning your home property may render some of your cash or equity to be unusable. Perhaps the best way to communicate this point is to consider an example. Consider two different investors in real estate property. One property investor has $200,000 in equity in his home (say a home worth $400,000 with an outstanding mortgage of $200,000) and another doesn’t own a home but has $200,000 in cash.

The real estate investor with $200,000 can buy about $800,000 of property (note, this figure will depend on the state the property is bought in as stamp duty charges vary), assuming a maximum loan to value ratio of 80 per cent is maintained (i.e. the $200,000 cash was used to pay for a 20 per cent deposit plus costs).

The real estate investor in property who owns his home can borrow up to 80 per cent of his home’s value in Australia (therefore, $320,000). He already has a $200,000 home loan secured by this property. Therefore, he can borrow an extra $120,000. This amount ($120,000) can be sued to pay for a 20 per cent deposit plus costs (eg. Stamp duty). Therfore, this investor in real estate can spend up to $480,000 on an investment property while maintaining a locan to value ratio of 80 per cent.

In these calculations, I’ve assumed that the investor in real estate borrows a maximum of 80 per cent of the property’s value. This is the maximum most lenders wil provide without charging Lender Mortgage Insurance, which can be a very costly upfront fee. However, it’s possible for the homeowner to bridge some of this gap between him and herself and the cash holder by borrowing more than 80 per cent (although as noted) this does come at a cost). This leads nicely into my next point about timing.

The Timing Issue


Most people intend to own a home or property some time in their life. Therefore, some investors in real estate are faced with the decision: “What do I buy first? A home or an investment property?” I would guess that there would be very few people who would decide never to purchase a home just because numbers don’t stack up.

Buying a Home and Then an Investment Property


The main advantage with this real estate investment strategy is that it allows you to balance your tax deductible and non-tax deductible debt more effectively. That is , you’re able to contribute all your cash towards your home purchase to minimize your non-tax deductible home loan. You can then utilize the home equity in your real estate property to borrow the total cost of your investment property, even if it means paying for mortgage insurance. The main practical downside to this strategy in real estate investing is that for many people, the subsequent investment property purchase may never eventuate. They may have every intention to purchase an investment property. However, due to constant distractions in life, time slips away and they may never actually complete the investment real estate property purchase. In this situation they would have been far better off purchasing the investment property before the home form a wealth building perspective. So, if you choose this strategy in real estate investments, make sure you follow through with your intentions and purchase investment properties.

Buying an Investment Property First and then a Home


Obviously the reverse of the pros and cons mentioned above apply to this strategy. Another benefit of this strategy is that buying an investment property a number of years before your buy a home may help you afford to purchase a more expensive home as you would have hopefully built up equity in your investment real estate portfolio.

Occupying an Investment Property


A really good “happy medium” is to purchase a property real estate purely on investment fundamentals (ie.e purchase the property as if you weren’t going to live in it) and then occupy the property as your home. Of course, this may involve you have to compromise on your personal lifestyle requirements. However, the main benefit in real estate is that you won’t compromise on the main reason for home investing in property. That is capital growth! You will, of course, be missing out on the income (i.e. rent). However, it’s capital growth that will increase your net wealth the most and allow you to continue to build your real estate property portfolio.

The biggest downside to buying a home is that home purchases are heavily influenced by personal, non-financial preferences (e.g. location, type of architecture etc.) This may result in someone purchasing a poor quality asset from an investment real estate perspective, whereas investment property purchases should be unemotional and only influenced by the question “which asset is going to perform the best?”.

Therefore, eliminating the “emotional” influences fro your home purchase in real estate should go a long way to helping you build wealth! This real estate strategy is particularly important for people who may only want to buy a home to occupy for a short period (say five years). Buying a good quality asset can help them tremendously after they decide not to occupy the home anymore and sell it or rent it out.

Buying: A Forced Savings Plan


One risk to taking the “rent a home and buy an investment property in real estate” option is procrastination. Buying a property, be it a home or an investment, is a bit like a forced savings plan. As discussed earlier, it’s cheaper to rent a property from a cash flow perspective (i.e. rent payments are lower than home loan repayments). That can be useful as long as you use the cash flow saving wisely (eg. Buying an investment property). However, some renters fall into the trap of spending the cash flow saving on their “lifestyle”. This is a common trap and is extremely “wealth destroying”.

By buying a real estate property, you’re essentially forced to contribute a greater proportion of your income towards buying an asset in real estate, rather than spending this money on your lifestyle. Therefore, if you’re not as disciplined with your money as you could be, make sure you have something in place to “force” you to buy an investment property (a good solution is to use a buyers agent to locate and purchase the investment property for you, because then you know it will definitely be done).

Focusing on Financials


I’ve written this article on the basis that people are focused solely on the financial pros and cons. I realize this isn’t realistic. I understand some people are mainly driven by personal preferences. For example, some people feel more secure if they own their home and would never want to rent. Some people prefer to rent near the city, because if they purchased, they could only afford to buy something in the outer suburbs and they aren’t prepared to compromise on location.

The only advice I have for people who are heavily influenced by their “personal preferences” is to be aware of the financial repercussions of your decisions and how they may affect your long-term wealth because they can be absolutely huge! The renting or buying real estate decision is not an easy choice to make.

Stuart Wemyss is a chartered accountant and director of mortgage broking firm ProSolution Private Clients. For more information, please contact API Magazine of Australia.

Labels: , , , , ,

9T6 Condominium Residences Toronto

The downtown Toronto presales condominium market is on the rise as in many other major cities across Canada. As real estate prices push upwards, many first-time homebuyers as well as home owners are planning on moving into masterplanned condo communities such as Toronto’s 9T6 Residences.



Straight from the 9T6 Website


“It’s hard to put your finger on the pulse of what is chic. As soon as you begin to define it, to anchor it to a definition, you lose it. You either know it or you don’t. It is an intrinsic sense of style, of fashion, of trend. What is chic? If you con’t know, you don’t know. 9T6 Condominium Residences is situated in the downtown Queen Street district at the very heart of Toronto’s most sought after location. Toronto 9T6 presales condo homes was designed for people who know exactly what urban chic is.” This is a great marketing introduction to what has become known as the trendiest an most urban chic condominium real estate development to hit the largest city in Canada. The residential building itself is designed by renowned Atkins Group Corporation Architects and the glass and panel clad exterior is very Queen Street style. The area of Queen Street in Toronto where 9T6 Condominium Homes are located is the quintessential location for fashion, intellectuals, artists, the cool, hip and urban individuals and couples who live life everyday and wish to be surrounded by like-minded people. With coffee bars, bistros, open air restaurants, galleries, theatres, nightlife and entertainment districts just within walking distance from the presales real estate properties at 976 Toronto condo residences, the energy and style is unmatched by any other pre-construction condo in the city. Queen Street is an eclectic neighbourhood full of excitement and surprises waiting for you.

The Amenities List


The 9T6 Condos presents a gorgeous lobby entrance for you and your guests. Sleek and sophisticated in style, this urban chic lobby from Queen Street Toronto is designed by Mike Niven with backlit sculptured steel walls and panoramic floor to ceiling two storey windows with lots of natural lighting. The amenities on the ground floor of the Toronto 9T6 Condominium Residences includes a concierge desk that is twenty four hours a day as well as three high-speed elevators for convenience and speed to get you in and out quickly. The 9T6 Toronto condo presales properties second floor contains the spacious Club 9T6, an exclusive area with a backlit bar area for entertainment purposes. In addition to the excellent interior design with wood wall paneling, upholstered ottomans and more, this cozy area is free flowing, intimate and ideal for entertaining friends, family and business associates. In addition, the Club 9T6 lounge opens onto an outdoor terrace by way of glass sliding doors. Exclusive for use by 9T6 Condominium home owners and residents, the Club 9T6 is absolutely spectacular with it’s multi-toned hardwood flooring as well. This real estate property also contains an amenity space with a state of the art Fitness Facility that also includes a stunning Garden Terrace with plenty of outdoor amenities. The Garden Terrace at Toronto’s 9T6 residence condos is inspirational and represents an urban oasis away from the busy streets below. Through glass sliding doors from the fitness facility, one can meander into a multi-tiered exterior space for hot tubbing, relaxing, reading or entertaining. View images are located online at the 9T6 web site http://www.9t6condos.com/main_flash.html. Extraordinary is not even enough to describe the wonderful views you will have from your 9T6 condominium suite with perspectives of office towers, skyscrapers, the horizon, lake and communities.

Contact Information


The Presentation Centre address for the Toronto 9T6 Condo Residences is at 122a St. Patrick Street in Ontario and the sales office number is 416.484.9600. You can book an appointment via email as well as info@9T6condos.com today. The Sales Centre hours for the 9T6 Toronto condo presales office is Monday to Thursday between 12 – 6pm, Saturday and Sunday between 12 – 5pm and they are closed on Friday. The exclusive real estate agent for 9T6 properties is Milborne Real Estate Inc. Located within the urban chic district of Queen Street where you will find the perfect condominium community that is friendly, safe and ideally located, the 9T6 Toronto condos are the hot property this year in this city. For the latest radio commercials, you can click on the ‘Contact Us’ button on the website and click on the radio version links. You can also register online. Other features of the 9T6 Toronto condominium residences web site includes a VR Tour (that is excellent by the way) in addition to more builder information and the latest news updates on the construction progress.

The Team


The builder for the Toronto 9T6 properties is Camrost-Felcorp Visionary and the architect firm is Atkins Group Corporation with forty two years of proven experience. The landscape architect is Terraplan, established back in 1973 and the exclusive real estate sales is by the Milborne Group of Companies led by Hunter Milborne. Lastly, the interior designer is Mike Niven of Interior Design Inc.

The location of the Toronto 9T6 Condominium residences is priceless. Close to hospitals, the AGO, City TV’s media headquarters, restaurants, clubs and more, residents here will enjoy an ever changing and exciting lifestyle. For more information about floor plans and features at the 9T6 Toronto Condos, please visit their website at http://www.9t6condos.com/main_flash.html.

Labels: , , , , ,

Friday, March 23, 2007

40 Bond Street New York Condominiums

No more driving. No more commuter headaches. A strip that rivals the best entertainment, cultural, dining and shopping arcades in the world. The New York City 40 Bond Street Condos are here and available to you right now. Was it worth the wait? You betcha!



The 40 Bond condominiums in NYC is an Ian Schrager Company luxury residence that is fit for those who love the luxurious nature of this real estate development. From the great location to the impressive string of well-appointed interiors and from the many wonderful amenities within the New York 40 Bond Street condo community to the services available, Ian Schrager does an excellent job in tantalizing the senses and creating a cool and trendy urban community while keeping all the traditional quality construction and design for this development. Impressive as it may sound, now is the time to visit the 40Bond Street New York condominium presentation center where you can find out more about the idea, lifestyle, residences, services, Ian Schrager details, H&Dem, press releases and contact information. It is all here online at: http://40bond.com/home.html, so what are you waiting for? These luxury residences in NYC will not last long.

The lifestyle choice


With any New York real estate property, lifestyle choice is of utmost importance to every home buyer as people are getting much more savvy in pinpointing the ideal location for their next home. The luxury residences on 40 Bond Street in New York City is one such boutique home community where you will find a lifestyle worth living with entertainment and relaxation areas, extraordinary architecture both on the exterior and interiors, unprecedented service and of course the lifestyle management of your home. Sophisticated and for the urban clientele, these luxury residence homes at the 40 Bond Street NYC condominium properties is what Schrager has come up with and accomplished a lot to improve the lifestyles of all home buyers here. The neighbourhood speaks for itself as the 40 Bond residences are located in the historic Noho district in Manhattan, NY. With amazing landmarks including impressive galleries, theatres as well as restaurants, the Noho community is a vibrant district that reflects the soul and culture of New York City as its best. The 40Bond Street residents will enjoy the first botanical garden in New York as well that was created and designed by John Jacob Astor in addition to the turn of the century architecture every which way you look around you. The richest of architectural gems are located in Noho, just outside your 40 Bond luxury residence, so again, what are you waiting for?

The Residences


A unique offering or urban city townhouses and luxury residences are available at 40 Bond Street in New York City. For the latest floor plans, images and videos, you can visit this web page on the 40 Bond web site for more information and details: http://40bond.com/apartments.html. The floor plans at 40 Bond Street condominium townhomes and residences include the following: Residence A on Floors 4 – 7 being three bedrooms plus family room plus three bathrooms plus powder room and a total of two thousand six hundred and seventeen square feet with north and south exposures, floor to ceiling windows, eleven foot ceilings and laundry room. Residence B at the 40 Bond New York residences includes two bedrooms, two bathrooms and a powder room with a total square footage of one thousand three hundred and eighty two with south exposure. Luxury Residnce C floorplan as three bedrooms and a family room with 3 baths and a powder with two thousand six hundred and thirty seven sq ft. The luxury residence at New York 40 Bond Street properties includes Residence D with one bedroom plus library and two bathrooms with a sq foot of one thousand two hundred and sixty nine. Residence 8A at 40 Bond NY includes 4 beds + library, 4 baths + powder room and an interior space of three hundred and six square meters a nd a roof garden space of one hundred and twenty five square meters in size. Residence 8B floorplan at 40 Bond condominiums will have 2 beds, 2 baths and a powder with interior space of 2076 sq ft and rooftop garden space of 1042 sq feet. Plan 9A at the 40 Bond has 4 beds, 4 baths, study and powder with 3288 interior and an entrance gallery. Residence Floorplan 9B is 2 and 2 with powder and two thousand and seventy six square feet in intetior space. The New York 40 Bond Street luxury residence 10A has four bedrooms and four bathrooms in addition to a study and powder and has 3288 sq ft and lastly, 10B is a two and two with powder room and a total interior space of 2076 sq ft.

The Townhomes


The luxury residential real estate development at 40 Bond Street in New York, NY presents five different townhouse each with their amazing plans and appointments. Townhouse 1 at 40 Bond Street has three beds, drawing room, recreation room plus four bathrooms and is twenty five feet wide and has 3 floors totalling three thousand seven hundred and thirty nine square feet interior and a garden space of one thousand one hundred and seventeen square feet. Townhouse 2 at New York’s 40Bond properties is also 25 feet wide and 3 floors with 3 beds, 4 baths, drawing and rec room with a total interior space of 3552 and exterior of 1117. The 40 Bond townhouse three has 3 beds, 4 baths, and is seventeen feet wide and totals two thousand eight hundred and seventy four square feet. The 40Bond Townhouse Four on 40 Bond Street New York includes 2881 interior and 601 exterior garden space. Lastly, the Townhouse Five on 40 Bond NY includes 3750 square footage of interior living space and 750 garden space on three floors.

Contact the 40 Bond Street New York luxury residences and townhouses today at 212.431.8500 or fill out their contact form online at http://40bond.com/contact.php.

For details about other pre-construction New York condominiums and luxury boutique homes, click here.

Labels: , , , , , ,

Real Estate Investing Books and Property Investment Resources

If you are looking to purchase a book on how to invest in real estate or property investments or guides to property management, renting, seeking financing or general personal financial help, please read below.



The following web site is a great resource for real estate investors across the United States and Canada to purchase the best investment books that will guide you through the process of building wealth through property investments.

The two books that are recommended by everyone before you get started in the property investing arena are written by world-renowned author Robert Kiyosaki who teaches you on how to get out of the 'rat race'. By reading these two books, you will gain knowledge on why you are investing in real estate and how to change your life so that you can maximise your time, wealth and prosperity.

Book #1 - Rich Dad Poor Dad by Robert Kiyosaki



Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money That the Poor and the Middle Class Do Not



Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money That the Poor and the Middle Class Do Not



For CD Version:
Rich Dad Poor Dad (Cd/spoken Word)


Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money That the Poor and the Middle Class Do Not
A #1 New York Times bestseller, Rich Dad, Poor Dad is a true story on the lessons about money that Robert Kiyosaki learned from his two 'dads.' One dad, a Ph.D. and superintendent of education, never had enough money at the end of the month and died broke. His other dad dropped out of school at age 13 and went on to become one of the wealthiest men in Hawaii.

Book #2 - Who Took My Money by Robert Kiyosaki



Rich Dad's Who Took My Money? : Why Slow Investors Lose and How Fast Money Wins



Rich Dad's Who Took My Money? : Why Slow Investors Lose and How Fast Money Wins



For CD Version:

Rich Dad S Who Took My Money? Why Slow Investors Lose And How Fast Money Wins! (Cd/spoken Word)



Rich Dad's Who Took My Money? : Why Slow Investors Lose and How Fast Money Wins
Kiyosaki starts this book by asking the reader to study one's paycheck. "Look at all the deductions that reduce your take-home pay-federal taxes, state taxes, FICA, 401k deductions, etc., etc.," observes Kiyosaki. "For every dollar you earn, you seemingly only take home 60 or 70 cents! What guarantee do you have ALL these monetary deductions, like your 401k or Social Security, are ever going to come back to help you when you decide to retire?"Using this platform as a jumping-off point, Kiyosaki shows how today's employees can finally start taking advantage of their OWN investments to put them on the fast track to become independently wealthy. In short, Kiyosaki explains "who took your money" -and what you can do to make sure you aren't short-changed!

Here are the categories listed:

1. Rich Dad Poor Dad by Robert Kiyosaki
2. Donald Trump - How to get rich through real estate
3. Real Estate Investing for Dummies
4. Flipping Property and How To's
5. Real Estate Financing and the Banks including Mortgages
6. Renting Real Estate and Property Management
7. Home Renovations and Reno for Dummies
8. Recreational and Resort Real Estate Investing including Timeshares
9. Canadian Real Estate Investing and books by Don Campbell
10. Life, Wealth, Prosperity, Retirement - General Financial Help Books

Labels: , , , , , , , ,

Firming real estate market tipped for 2007

The Australian property real estate market stabilised through 2006 and most states can expect a stronger performance in 2007, according to a report from LJ Hooker Financial Services. Published in the Australian Property Investor Magazine March 2007. For more info, visit www.apimagazine.com.au.



First homebuyers are returning to the real estate market and owner-occupier activity is improving, the company’s general manager, Peter Bromley, wrote in a report, which went on to detail conditions in each state.

New South Wales Real Estate


Bromley said it was “genuinely difficult” to predict NSW real estate market movements at this stage. “Big price increases are unlikely through 2007, though the top end of the market - $2 million plus properties – should continue to climb,” he said. In what could be an interesting tip for real estate investors, Bromley said some regional NSW areas may outperform Sydney, naming the centres of Newcastle and Wollongong in particular.

Victoria Property


Melbourne had an “outstanding” 2006, with the LJ Hooker/BIS Shrapnel Residential Property Index showing growth of 17.8 per cent over the year. “This remarkable level of growth also shows no signs of slowing down, with the final three months recording growth of 4.8 per cent,” wrote local real estate analyst Warren Urquhart. The metropolitan real estate market property was very strong, while the outer suburbs were somewhat slower, mostly due to buyers “being very deliberate in their decision making,” Urquhart said.

Queensland Real Estate


Growth of 4.6 per cent over the three months to December 2006 suggested three interest rate rises during the year had little impact on the Queensland residential property market, the report said. Glenn Prior of LJ Hooker Financial Services in Queensland said the Sunshine Coast market real estate was particularly active in the lead-up to Christmas and the start of 2007 fround the Gold Coast unusually busy. Real estate investors were also active in Townsville and Chinchilla, on the back of ‘planned’ commercial activity. On these, Prior warned, “Caution is needed where a property market is being driven up by speculation.”

Western Australia Property


Perth was the standout performer of 2006, with the Residential Property Index showing 34 per cent growth for the year. However, Barry Hurst of LJ Hooker Financial Services said the unrelenting rises would have an impact on first time homebuyers. “The $440,000 median house price is already out of many first homebuyers’ reach,” Hurst wrote. “Some real estate market observers are expressing concern that the possibility of concessions for first home buyers, as mooted recently by the State Government, may cause this sector of the real estate property market to go to ground. Even the suggestion of the ‘carrot’ may result in a ‘wait and see’ attitude and that would certainly have an impact on the property market at large.”

Tasmania Property


Home loan activity for established homes was growing above the national rate in Tasmania and first homebuyers activity was also above the national average, Urquhart said. Prices also climbed. The northern suburbs had strong real estate sales through November and December, Urquhart noted, and the southern suburbs should see increased activity driven by land releases this year.

South Australia Real Estate


Andrew Morrison wrote in the report that the real estate outlook in Adelaide for 2007 was “one of general optimism.” “It’s fair to say that the overall performance of the Adelaide property market in 2006 was flat but there’s every sign that 2007 will deliver better results,” Morrison said. He said low property vacancy rates were attracting Australian real estate investors back into the market in “noticeable proportions.”

Australian Capital Territory


The ACT’s market has continued to defy market observers in Australian real estate, with the Residential Property Index recording a return of 4.3 per cent for 2006. “December was strong, with good auction clearance rates and above reserve prices achieved in most instances,” Bromley said. “Real estate developments are still going strong, especially in Canberra’s inner suburbs.”

Northern Territory Real Estate


The Northern Territory experienced browth through much of 2006 but there was some decline in the final two months of the year, Morrison said. Nonetheless, the Residential Property Index of Australia Real Estate showed a rise of 10.6 per cent over the year. “Relatively low sales volumes in the second half of 2006 may have had some effect on median house prices however Darwin property real estate owners should keep the positive annual rate of growth in mind,” Morrison wrote.

Labels: , , , , , , , , ,

Thursday, March 22, 2007

Washington Square Condominiums in Bellevue WA

A unique two tower real estate development has begun in Bellevue Washington, close to Seattle city center and loads of entertainment and recreational areas. Tower One and Tower Two – Platinum Washington Square condos in Bellevue have launched!



About the Washington Square residences


This is a mixed-use real estate development that consists of a Hotel, shops, Tower 1 condo residences and the Tower 2 platinum condominium homes. Currently, the Platinum series homes at Washington Square condominiums have just been released and they represent the utmost in luxurious living spaces that are well appointed and some of the signature homes in all of the Pacific Northwest. Washington Square is going to be the epicentre of everything that will go on in Bellevue, and just minutes away from Seattle and Tacoma, making it an ideal location for any lifestyle.

Contact information


The Bellevue Washington Square condo presentation center is now open and you can visit a sales representative to learn more about the Bellevue Vibrant Urban Village here. The sales office for the Washington Square Bellevue condominiums is located at 833 – 108th Avenue NE in WA 98004. The hours of the presentation center include Monday through to Saturday between 11am and 6pm as well as Sundays between 12 noon and 5pm. For more information, you can call the Washington Square Bellevue condominiums local number at 425.974.7000 or toll-free phone number at 866.841.6060. You may also register online at the Washington Square condos web site located at http://washingtonsquareliving.com/ and then clicking on ‘Register’. The website also includes News Room information (like press releases and marketing materials from newspapers and magazines) in addition to details about the real estate developer (Bellevue’s Washington Square condominiums are developed by Wasatch Development Associates) as well as a Gallery that includes numerous images of the community, neighbourhood and building renderings.

The Difference


Washington Square is going to be a hub of entertainment, shopping, facilities and amenities for Bellevue WA and it starts with the condominium development that includes The Club which is just steps away from your luxury residence. Where you can put your mind and body to work or at ease or if you prefer some spa services, the Club at Washington Square condominiums in Bellevue will have the perfect remedy for you any day and at anytime. In addition, what many people don’t realize is that this Bellevue development will also see luxurious accommodations in the form of the Washington Square Hotel that will be the city’s more premier boutique hotel and will be opening very soon. So for guests like family and friends visiting, the Hotel at Washington Square Bellevue will provide the best in accommodations for their holidays. The Washignton Square shopping arcades will create a neighbourhood perspective in this masterplanned community near Seattle Washington that will include fine dining, casual dining dafes, street side shopping and more. The retail partners currently at the Washington Square Bellevue real estate community include El Gaucho and Zupan’s Markets. Watch for more information from the retail partners side of this development project. Described beautifully on the Washington Square Bellevue condominium web site, Washington Square ‘is a gracious 10.5 acre neighbourhood in the heart of downtown Bellevue that will envelop you in the comforts of home.’ With distinct buildings, people friendly neighbourhood planning, high-tech features, shopping districts, retail and office space, the Washington Square condominium development plan for Bellevue will change the face of the entire city within a few years. You can see a detailed community map online. Location is very important in all real estate investment opportunities, and the Bellevue condominiums at Washington Square will be in the cultural district close to the Bellevue Arts Museum, Meydenbauer Center and the new Performing Arts Center Eastside.

Tower 1


The Washington Square condominium tower residence 1 will consist of twenty four stories. The Ground Level will have townhomes that will feature two or three bedrooms an the Garden Suites Level 4 will only have six residence condos. Terrace Suites located on Level 5 will total nine floorplans and City Suites on Levels 6 – 17 will have also nine suites per floor. The Sky Suites on Levels 18 – 22 will have nine spacious and luxurious condominium homes with striking views of the city including Washington Square’s surrounding neighbourhoods and the Penthouse Suites at Washington Square Bellevue development will only have six suites per floor. The signature penthouse condo suite here is Suite 2307 which has two bedrooms plus den, two and a half bath and a total square footage of two thousand three hundred and eighty nine sqft. Absolute luxury!

Tower 2


The Washignton Square Tower 2 Bellevue condo residences have not yet released the Ground Level Townhome floor plans yet but the Courtyard Suites on Levels 3 – 5 will consist of three residences per floor and the Garden Level Suites on 5 will have eight in total per floor. The Terrace Suites on Level 6, City Suites on Levels 7 – 18 will soon be sold out as they are very hot Bellevue real estate properties and have attracted a large number of out of city real estate investors and people wanting to move here.

Platinum Washington Square Condominiums


Located in Tower 2 of this luxurious development, the Platinum Series of Condos here includes the Platinum Sky Suites on Levels 19 – 23 as well as the Washington Square Platinum Penthouses on Levels 24 and 25. One of the most amazing Bellevue Washington Sq condominium Platinum home is 2424 which includes two bedrooms plus a den and two baths and has a living area of one thousand nine hundred and ninety nine square feet and a balcony of five hundred and twelve sq ft. Wouldn’t you want to live here?

For more details about other presales Seattle condos and Bellevue properties, click here.

Labels: , , , , , , , ,

Wednesday, March 21, 2007

IconVallarta Inspired by Yoo by Philippe Starck

Another collaboration of some of the greatest minds in real estate development and marketing have combined this time in Puerto Vallarta at the Icon Vallarta Condominiums. Designed by Yoo by Starck, the IconVallarta resort condos represents an excellent choice for any property investor to get into the resort real estate market.



Would you like more information?


If resort or recreational property interests you or if you are planning on moving or retiring to Puerto Vallarta, the Icon Vallarta condominium project may be a great choice for you and your family. You can read all the details online at the Yoo and STarck Icon Vallarta website at: http://www.iconvallarta.com/home.html. The Puerto Vallarta Icon Condominium project will be a development consisting of a twenty six story high rise that depicts a luxury residential yet resort tower. The total number of condominium suites at the Icon Vallarta in Mexico will be three hundred and sixty six and will contain seven magnificent pool villas that look out to the open Pacific Ocean. Spectacular in design and construction, the Puerto Vallarta Icon Vallarta condominium homes is designed by the Arquitectonica Architects and the interior design will be handled by YOO by Philippe Starck. Luxury condominium living is coming to Puerto Vallarta, so hold on, save your money and purchase your dream escape condo along the beautiful shores of the ocean. The real estate project will be enclosed by a private hacienda-style wall transforming Icon Vallarta into a private oasis and there will be landscaped entrance with private drop-offs in each of the condo towers. The lobbies will be furnished with the imagination of YOO by Starck and there will be professionally landscaped lush gardens throughout. For unsurpassed luxury resort and recreational condominium living, the Puerto Vallarta IconVallarta project will be the best of its kind in Mexico.

The amenities


Icon Vallarta will host a unique and contemporary architecture as well as the best in modern interior design that is minimal yet sophisticated and elegant. In addition, this Puerto Vallarta condominium resort real estate property will have five acres of stunning oceanfront property with exclusive beach access for all residents as well as great gardens and Mexican sculptures, two story lobbies in each of the three condo towers in addition to a five hundred foot infinity edge swimming pool, private gourmet restaurant, twenty seat state of the art movie theatre and an oceanfront gym with full spa service, sauna and steam rooms. Living and investing in this sort of resort real estate recreational property at Puerto Vallarta’s Icon Vallarta condominiums should be an easy decision for you to make. The Icon Vallart’s residences are designed by Yoo by Starck and will include two and three bedroom luxurious beachfront and oceanfront residences, many of which have private elevators) in addition to floor to ceiling glass windows, nine foot ceilings, state of the art modern bathrooms, spacious outdoor terraces and balconies as well as great views of the ocean, mountains and vibrant downtown Puerto Vallarta. The resort property at Icon Vallarta will also have the most high-tech pre-wiring in every room.

More resort amenities at IconVallarta Condos


The seven exclusive two story, two bedroom villas will have exceptional ocean and pool views, private roof top decks with private pools, direct beach and pool access and private lavish landscaped gardens. The kitchens at the Icon Vallarta condominiums in the resort town of Puerto Vallarta will be gourmet and the bathrooms will be completely designed by Yoo by Starck. In addition, IconVallarta resort condos will have over one thousand feet of pristine beaches on Bahia de Banderas and sprinklers, poolside private cabanas, outdoor fire pit, full service beach bar with grilling, gourmet kitchen on the oceanfront, Temascal (an old Mayan ritual spa) in addition to the Icon Vallarta Aqua Club for all your watersports and local recreational needs during your trip. The Spa and Fitness Center at the Puerto Vallarta Icon resort condominium properties will have free weights, cardio equipment, aerobics studio, in room massages, his and her lounges, relaxation areas, Whirlpool tubs, cold plunge pools, steam room, redwood saunas and personalized fitness training. The Icon Vallarta Resort services in Puerto Vallarta will include the following: multilingual staff, twenty four hour valet parking and security service, in room dining, concierge, full service business center, shipping, currency conversion, maintenance staff, housekeeping, dry cleaining, laundry, babysitting, shoeshine and pet services to name a few. You can see images of the views, location, photo gallery, virtual tour and video online at the Icon Vallarta web site located at http://www.iconvallarta.com/home.html.

The Floor Plans at Puerto Vallarta resort community


The recreational real estate property ownership in the resort town of Puerto Vallarta is exploding. With affordable condominiums and luxury villas for sale here, many people are opting to retire in this beautiful locale. Icon Vallarta is the first of its kind when it comes to luxurious condo residences along the oceanfront in Puerto Vallarta and the floor plans are just stunning. The team behind the Puerto Vallarta Icon resort condos includes Yoo by Philippe Starck, Related Group, Arquitectonia and Grupo Chartwell. Located along Mexico’s Gold Coast, you can find more information about Puerto Vallarta online at their website in addition to the Broker’s Login as well as press releases. For contact information about the Icon Vallarta resort condominiums, please contact 1.800.900.ICON in Mexico or 1.877.295.ICON (4265) in the US. The physical address of the IconVallarta Puerto Vallarta recreational resort condos is at NH Krystal Hotel. Av. De las Garzas, Puerto Vallarta, Jalisco. You can also still register online.

Labels: , , , , , , , ,

Tuesday, March 20, 2007

Villa Rachatewi Bangkok Condominiums

Your perfect fit & many specialties await you! Officially opened for sale on March 16 – 18th, 10.00 – 21.00 hrs. at the Discovery Plaza in Siam Discovery Center Bangkok Thailand. Ongoing condo purchase special for all sizes at the Villa Rachatewi Condominiums with a delightful discount of up to 11% at this event only.



Villa Rachatewi Bangkok Homes provides modern living in a modern condo master-planned community in the heart of Thailand. As the largest city in the country, Bangkok is now home to over fifteen million residents, and many of whom are beginning to make a lot more money in the progressive and every increasing Thai economy in South East Asia. As one of a few new presales condominium towers for sale in Bangkok Villa Rachatewi has a lot going for it including it’s cost/pricing and location as well as it’s ‘new residence’ marketing where young singles, professionals and couples can own only a handful of completely new condo units in the city downtown.

The overview of Villa Rachatewi Bangkok


The condominium tower at Villa Rachatewi is one of the most famous presales condo pre-construction buildings in all of Bangkok and for good reason. As seen in their presales condo marketing print advertisements, the Villa Rachatewi Bangkok on Phaya Thai Road is only two hundred metrew from the BTS Phaya Thai (the metro system that will get you anywhere you want to go in Bangkok) in addition to just being steps away from Bangkok’s trendiest venues. A hip condominium tower that will fit your sophisticated lifestyle, the Bangkok Villa Rachatewi condominium tower will provide new apartment homes for people wanting to live in a new construction building. With the minimalism design concept and finest materials applied, its Double Volume lobby area creates the simple yet elegant feel, giving you a sense of walking through the modern art gallery. The Villa Rachatewi also has a large Oasis Garden as well as full facilities to add to a great consummate living space for you in Bangkok Thailand.

The real estate developer


Contact information is located here for the Villa Rachatewi, located only 200 m away from PHaya Thai BTS station and cl