Asia Property

More interest rate hikes expected amid asset bubble concerns: DBS CEO

DBS CEO Piyush Gupta said property bubbles are forming in some key Asian cities which may lead to a market correction. He also said concerns over asset bubbles may lead to more Asian governments raising interest rates soon. Mr Gupta was speaking at an event organised by the American Chamber of Commerce in Singapore on Monday. Property prices have been rising across Asia. In Hong Kong, property prices...

Asian property prices expected to continue to rise despite govt measures

Recent measures to cool the property market in China, Hong Kong and Singapore are seen as the right moves to temper speculation and rapidly rising prices. Still, industry watchers said that prices will have room to move upwards over the next two years. This is because interest rates in Hong Kong continue to be low, and high-end property prices in Singapore are still below their peak. Private home prices...

Investors expect Asian real estate market recovery to start in 2010

Investors are optimistic that the Asian real estate market will bounce back soon after being battered by the global financial crisis. A survey by the Asian Real Estate Association (AREA) showed that more than half of the investors polled expect signs of improvements in the market by 2010. This optimism has prompted investors to allocate more funds into all real estate investment categories in the next...

Real estate investors see opportunities in Asian markets

Global real estate investors are looking to tap on to growing opportunities in Asian markets. Experts speaking at an industry event, Cityscape Asia 2009, in Singapore on Tuesday said China currently offers the most potential. This is due to a number of good valuations available in the market, and the economy's positive growth outlook. China's industrial property sector has been hit hard by the global...

Tokyo ranked as Asia-Pacific’s top property investment city

Tokyo has been ranked as the top property investment city in the Asia-Pacific, according to a survey by Washington-based Urban Land Institute and PricewaterhouseCoopers. But while investors see plenty of opportunities in the regional property sector, financing may prove to be a key challenge in the coming year. Together with Tokyo, Singapore, Hong Kong, Bangalore and Shanghai round up the list for the...

Asian developers offer biggest opportunities

ASIAN debt managers expect real estate developers and companies in China, South Korea and Australia to provide them with the most investment opportunities next year, an industry survey shows. Economic recession, slowing consumer spending and shrinking bank lending indicate a growing number of Asia-Pacific companies will face difficulty refinancing debt next year, according to a survey of 100 hedge fund...

Opportunities in Asia-Pacific real estate remain despite weak sentiment

The global real estate capital market grew last year to hit US$12 trillion, but the subprime crisis has thrown a spanner in the works. Investors are finding it tough, with liquidity drying up, yields compressing, and valuations in the US and UK dipping. However, some analysts said that opportunities do remain and may even grow, as markets approach fair value. They noted that demographics in emerging...

Hotel investments in Asia likely to drop to US$3b in 2008

Asia is likely to register a sharp slowdown in hotel investments across the region this year, according to Jones Lang LaSalle Hotels. The hotel investment advisory company said hotel sales in Asia may drop by as much as 75 per cent, compared to last year. Some US$11 billion worth of deals were transacted across Asia in the hotel investment market last year. But Jones Lang LaSalle has forecast that hotel...

GIC says sub-prime crisis beginning to hurt Asian property markets

The US sub-prime crisis has begun to hurt Asian property markets, the real estate investment arm of the Government of Singapore Investment Corporation (GIC) said at the FT Asia Property Summit on Thursday. While Wall Street starts picking up the pieces from the sub-prime crisis, GIC said, the Asian property market has just started to feel the impact. The investor added the fallout would be even greater...

New S$1b fund set up to invest in prime properties in Asia

A new fund has been jointly set up by Pacific Star Group and HSH Real Estate – which is the real estate unit of HSH Nordbank – to invest in prime properties in Asia. It has a target fund size of 500 million euros (S$1 billion). The fund will initially target established markets, which include Singapore, Japan and South Korea. It may also tap emerging markets like China and India eventually. HSH Real...

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