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Real Estate in Asia

  • Global Commercial Investments Exceeding Forecasts

    EUROPE, 2013/10/08 World commercial real estate volumes were 16 % higher during the initial three quarters of 2013 compared to the same period last year, as the market continues to surpass expectations. Direct commercial world real estate investments reached $125 billion during the third quarter, increasing three % from the previous quarter and 25 % from last year, according to Jones Lang LaSalle, which tracks 60 nations and additional than 130 world cities. World transaction volumes have been higher than $100 billion for six consecutive quarters, prompting JLL to increase its 2013 projected transaction volumes from $450-$500 billion to $475-$500 billion.

  • World Habitat Day: UN officials call for improved urban resilience, mobility

    WESTERN ASIA, 2013/10/08 Un officials have stressed the need to ensure that cities become additional resilient to natural disasters inclunding provide their citizens with methods of alternative transportation to thrive. The PANA Correspondent in New York reported that the officials made the call in messages to mark the World Habitat Day, observed annually on the initial Monday of October. In his message, UN Secretary-General Ban Ki-moon stated: 'As the effects of climate change increase, urban resilience becomes ever additional necessary.' He said: 'All actors need to work together to save lives, protect assets and guarantee services at the same time as disasters strike', saying that, 'planning is essential to boost the resilience of cities.'

  • Major Thai hotel chain pursues Gulf expansion drive

    THAILAND, 2013/07/20 A major Thai hotel chain is pursuing a drive to expand its presence in the UAE and other Gulf nations with plans to set up additional hotels and resorts following strong performance worldwide, the company said in its annual statement. Minor International is focusing on the UAE, the second major Arab economy, and new projects would sharply boost its hotel and resort property in the country. The company said it as well has plans to enter Qatar and other Gulf oil producers as it is buoyed by expectations that 2013 would be an extra good financial year for the firm. The statement, obtained by /hotelandrest.com/ this week, showed Minor could have in excess of 900 rooms and villas in Abu Dhabi and Dubai at the same time as the projects are completed this year.

  • Chinese Company Targets Real Estate in Ethiopia

    CHINA, 2013/06/19 High profile legal battles have seen trust evaporate from Ethiopia's thriving real estate sector . Starting the excavation work before two weeks ago, the China Geo-Engineering Corporation strives to construct international standard real national complex. The China Geo-Engineering Corporation (CGC), which has before been engaged in the road construction sector in Ethiopia, two weeks ago started the construction of an international standard real estate complex, with three billion Birr capital.

  • Japanese housing market hot on weak yen

    JAPAN, 2013/05/07 Taiwanese investors have gained interest for investing in housing in Japan in light of a weakening Japanese yen, a local broker said yesterday. Japan's housing market has been completely hot since Prime Minister Shinzo Abe pushed to reduce the strength of the yen, according to the Taipei-based Sinyi Realty Inc., Japan, the only local broker that has a franchise in Japan.

  • Katara Hospitality to develop hospitality, real estate projects in Maldives

    MALDIVES, 2013/05/07 Maldives government has signed a memorandum of considerate (MoU) with Qatar's Katara Hospitality to develop hospitality and real estate projects in the island national of Maldives. The MoU was signed by Maldives Tourism Minister Ahmed Adeeb during the ongoing official visit to Qatar and Sheikh Nawaf bin Jassim bin Jabor Al Thani, Chairman of Katara Hospitality.

  • Singapore company pursues investments in the Philippines

    PHILIPPINES, 2013/04/29  A real estate investment and investment management firm based in Singapore is setting up shop in the Philippines to pursue investment opportunities in the local real estate sector.   Yishan Capital Partners, which is led by European investment and investment managers who started investing in Asian emerging markets in 2009, has decided to focus its resources on two key markets: the Philippines and Indonesia, Yishan managing partner John van Oost told the Inquirer.

  • Hotel investment outlook ‘strong’ in EMEA

    EUROPE, 2013/01/03 Nearly 28.8 % of investors are targeting upscale hotel properties for investment in Europe, Middle East and Africa (EMEA), a statement said, adding that request for luxury assets is highest in Dubai, Abu Dhabi and the French Riviera. Forty % of hotel investors are as well likely to buy assets over the next months, with positive buy intentions focused on Germany’s major cities and other key EAuropean markets, added the new Hotel Investor Sentiment Survey by Jones Lang LaSalle Hotels, a provider of hotel investment, advisory and investment management services.

  • Emerging Trends in Real Estate 2013,

    PHILIPPINES, 2012/12/22 Based on research published by Urban Land Institute and PricewaterhouseCoopers (PwC) in “Emerging Trends in Real Estate 2013,” Manila ranked 12th out of 22 regional markets ranked in terms of investment prospects and ninth in terms of development prospects, marking a rapid rise from near the bottom of the rankings in previous years' polls.

  • The Hong Kong Monetary Authority (HKMA)

    HONG KONG, 2012/12/22 Hong Kong's overheating property market posed macro-financial risks to the economy, the city national's monetary authority warned in a statement on Wednesday. "The loose world monetary conditions and the expectation of a protracted period of negative real interest rates could provide incentives for households to take up excessive mortgage leverage and pose upside risks on property prices," the Hong Kong Monetary Authority (HKMA) said in its Quarterly Bulletin.
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