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...

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...

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...

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

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,...

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...

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...

ASEAN focus

BIG PROPERTY DREAMS ARE YEARS FROM REALITY IN SMALL-TOWN VIENTIANE

An autocratic government is backing big infrastructure projects and special economic zones across Laos, but corruption and muted demand mean capital Vientiane is likely to remain largely uncharted real estate investment...

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...

World News

Europe’s tallest resi tower set to rise over London’s Docklands

Irish developer Ryan Corporation plans to build Europe’s tallest residential tower in London’s Docklands. The 794ft, 75-floor Herstmere tower is due to be completed in 2018 and will contain 714...

World News

Foreign investors set to target non- prime London housing districts

Investor interest in London residential property is set to move away from prime areas to districts with higher yields and high rental demand, according to Savills. Head of residential research...

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

Devil will be in detail as China prioritises rural land reform

China’s Third Plenum outlined a plan for reform last month, but with a vague timescale and measures that will have a mixed effect on the real estate market. The third...

News

TA Global lands Charter Hall’s stake in Sydney housing scheme

Charter Hall Group has agreed to sell its 50% stake in the Little Bay Cove residential project in the south east of Sydney to listed Malaysian developer TA Global for...

Companies & People

BLACKSTONE’S CHINA CHIEF LEUNG MOVES TO TOP SPOT AT NAN FUNG

Nan Fung Group has appointed Blackstone Group’s Greater China chairman, Antony Leung, as chief executive. Leung, a former Hong Kong financial secretary and former Asia chairman at JP Morgan, takes...

Research

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