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

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...

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...

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

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,...

Comment

Time for bold Acts on Indian property

India’s government has proposed a number of reforms that should make the property market more transparent, open and attractive to overseas capital, but swift implementation will be vital to maintain...

News

Pamfleet sets $350m target for sequel to debut Asian vehicle

Pamfleet Group aims to raise $350m for its second Asia fund, having fully invested the $209m it raised for its debut vehicle last year. The first fund invested in five...

World News

Battersea Power Station owners generate new Asian bank finance

The Malaysian owners of the Battersea Power Station development in London have refinanced the project with the bulk of the funding coming from Asian banks. CIMB Group, OCBC Bank, Maybank...

News

CBD set to benefit as Shanghai draws up Free Trade Zone rules

The Shanghai Municipal People’s Congress has begun research on regulations for China’s first pilot free trade zone (FTZ), expected to become effective in Q1 2014. Joe Zhou, head of Research...

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

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...

Research

AsiaProperty Capital Raising Update

The Redwood Group has launched a Japanese logistics fund with a $500m equity-raising target 

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...

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...