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Real Estate

Singapore firm ‘eyes stake’ in Aman luxury resorts

MUMBAI (AFP) – Singaporean luxury resorts chain Banyan Tree is in talks on buying a majority stake in fellow high-end hotel group Amanresorts, India’s Financial Express newspaper reported Monday.
The daily quoted a person familiar with the matter as saying that DLF, the Indian real estate firm that owns Aman, was in advanced [...]

Read More » No commentJuly 19, 2010

The Economic Clock for ASEAN‏

Deciding what to invest in is difficult at the best of times. There is a lot of information in the press about the possibility of a recession, or at least an economic slowdown.
If only there was a tool which regular people could use to understand the likely repercussions of a changing [...]

Read More » No commentJuly 8, 2010

Mumbai plans world’s tallest apartment block

MUMBAI (AFP) – An Indian property group on Tuesday unveiled plans to build the world’s tallest purely residential tower in Mumbai, the country’s booming financial capital.
Lodha Developers said the tower would be 117 storeys high and would be designed by New York-based Pei Cobb Freed and Partners, the architects of the [...]

Read More » No commentJune 10, 2010

Red roofs invade Chinese city, angering residents

GUANGZHOU, China – Their drab concrete apartment buildings are starting to look more like Spanish villas with red-tiled roofs, and that’s angering many who live in them.
For the past year, workers have been repainting hundreds of buildings in Guangzhou and topping them with pitched roofs made of PVC sheets molded to [...]

Read More » No commentMay 21, 2010

Chinese efforts have ‘cooled property market’

BEIJING (AFP) – China’s recent measures to rein in soaring property prices had been effective in stabilising the real estate market, a top housing official said on Friday during a rare online chat with Internet users.
“The trend of excessively fast rising residential property prices in some cities has been curbed, [...]

Read More » No commentMay 7, 2010

Beijing unveils limits to control housing market

BEIJING (AFP) – The city of Beijing has issued rules limiting families to one new apartment purchase as authorities try to rein in rampant property speculation and soaring prices, state media reported on Friday.
“For the time being one family can buy only one new home in the city,” China News Service [...]

Read More » No commentApril 30, 2010

Property M&As gain momentum

Property developers in the country would have more merger and acquisition opportunities this year as the realty market may witness a correction, ratings agency Standard & Poor’s said Thursday.
“Mid-2010 could prove to be the turning point for many developers, as increased supplies would see competition intensifying even as tighter policies [...]

Read More » No commentFebruary 26, 2010

Taiwan’s Grand Hotel welcome for Chinese visitors

China’s relations with Taiwan have been tense and potentially explosive ever since the civil war 60 years ago when the island broke away from the mainland government, but there are increasing signs of a thaw.
Some Grand Hotels just do not live up to their name. One in north east Scotland particularly comes to mind.
But when [...]

Read More » No commentJanuary 24, 2010

Singapore Reits poised for comeback

SINGAPORE: REAL-ESTATE investment trusts (Reits) are poised to take advantage of lower commercial-property prices to grow portfolios and boost dividends to shareholders, after spending over a year on the sidelines, analysts say.
Singapore Reits, which own about US$34 billion (S$47.4 billion) of properties across Asia, have come through the financial crisis better than counterparts elsewhere and [...]

Read More » No commentDecember 15, 2009

China’s economic recovery widens and moves forward

Last month China’s manufacturing sector grew at the fastest pace since April 2008, according to the country’s official purchasing managers’ index released Sunday.
Savvy China observers said the survey results confirmed that the country’s economic recovery was widening as recovering export demand and consumption joined government stimulus as the Key drivers of the economic growth.
The [...]

Read More » No commentNovember 2, 2009