December 2013 | Asia Property

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Ascendas signs up GIC for fund as big players target India

Sovereign wealth investors are ramping up their Indian real estate activities, with two ventures agreed in the past month. Singaporean developer Ascendas has launched a S$600m ($477.9m) fund with...

Market Talk

CORRUPTION AND LUXURY SPENDING

“FOLLOWING THE CENTRAL GOVERNMENTS NEW POLICY TO CURB CORRUPTION AND LUXURY SPENDING, LUXURY RETAILERS HAVE BEEN MORE PRUDENT ABOUT THEIR EXPANSION PLANS IN MAINLAND CHINA” Knight Frank’s Greater China Property...

Market Talk

HEADING INTO 2014 WITH A SLIGHTLY MORE CAUTIOUS VIEW

“WE ARE HEADING INTO 2014 WITH A SLIGHTLY MORE CAUTIOUS VIEW, AS WE BELIEVE THE MAJOR MARKETS WILL CONTINUE TO FACE REGULATORY CHALLENGES AMID THE UNCERTAINTY OF THE GLOBAL INTEREST...

Diary

ULI’s yield prediction looks like one improbable emerging trend

Respondents to the ULI’s Emerging Trends in Real Estate Asia Pacific 2014 report, out last week, cited the tapering of quantitative easing in the US and future US interest rate rises...

Market Talk

WE HAVE INVESTMENTS IN 52 COUNTRIES.........

“IT’S SUCH A BIG JOKE. WE HAVE INVESTMENTS IN 52 COUNTRIES IN VARIOUS BUSINESSES, INCLUDING PROPERTY. WE HAVE SOLD ASSETS IN DIFFERENT COUNTRIES, PEOPLE  DIDN’T SAY THAT I...

Market Talk

POWERFUL DEMAND ON THE REAL ESTATE SIDE

“WE’RE SEEING VERY POWERFUL DEMAND ON THE REAL ESTATE SIDE. VERY FEW REAL ESTATE MANAGERS MADE IT THROUGH THE CYCLE. AND WITH REAL ESTATE TURNING AND VALUES GOING UP SIGNIFICANTLY,...

Diary

Honour is lacking as banks hold Hong Kong’s Hui to account

Former Hong Kong chief secretary Rafael Hui, who has been charged with taking HK$34m in bribes, has been declared bankrupt following a claim from the Bank of East Asia and four...

Diary

Pattar swings a victory as Asia Property tees off first golf event

The inaugural AsiaProperty Hong Kong Open golf tournament took place at the stunning Clearwater Bay Golf and Country Club last week. CLSA’s John Pattar took the individual trophy, accepting his...

Companies & People

CBRE pair switch to JLL in Hong Kong

Jones Lang LaSalle has recruited Oscar Chan and Dominic Ho from CBRE as regional director and national director respectively in its China capital markets team. Both are based in Hong...

Research

Gangnam and Yeoido still in demand as firms quit Seoul’s CBD

Seoul’s prime office vacancy rate remained flat in Q3, with positive take-up in Gangnam and Yeoido offset by negative net absorption in the CBD, Savills reports. Seoul’s prime office vacancy...

Analysis

LOGISTICS STAY AT THE TOP OF INVESTORS’ WISH LIST FOR 2014

Chinese logistics is the ideal purchase for respondents to the latest Investment Intentions and Pricing Survey, getting a 100% ‘buy’ rating, while Hong Kong is the most out-of-favour market  Investors...

News

Copthorne pushes for Tanglin shopping mall sale in Singapore

Singapore’s City Developments’ hotels arm, Millennium & Copthorne Hotels, is attempting to drive a collective sale of Tanglin Shopping Centre, where it owns a 34% stake. At least 80% of...

News

Greenland plans $10bn overseas spree in 2014

Shanghai-based Greenland Holding Group plans to invest $10bn overseas next year. In a statement last week the group said it had invested $10bn in real estate outside China so far...

News

CapitaMalls wins Guangzhou asset

CapitaMalls Asia is buying a Guangzhou mall for RMB2.2bn ($361m) – its first acquisition in the southern Chinese city. It is buying the newly built centre, which is part of...

Survey

INDIA

The chance to buy into a recovery early is attracting some big foreign funds to India, but its economic problems and difficult business environment still make it a no-go area...

Research

Uptick in retail rents slows across Asia

CBRE expects weaker retail sales across Asia in next quarter Seoul CBD office vacancy rate hits 16.9%  Retail rents are continuing to rise across the Asia Pacific region, but at...

Companies & People

Cheah quits Pacific Star to join Union

Eric Cheah has joined Union Investment Real Estate as head of the Asia Pacific investment management team. Cheah, who joined from Pacific Star Group, where he was a senior vice-president,...

News

Fund raising target may double to $1bn for RRJ’s China vehicle

RRJ Capital plans to raise $500m for a fund investing in mainland China real estate and could double the fund size to $1bn if investor interest is strong enough. The...