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...
Property Investment
CapitaLand and CITIC Trust, China's largest trust company, have launched the first renminbi-denominated real estate private equity fund in China. The 500 million renminbi fund will invest in business parks in China. It will be jointly managed by CITIC Trust and CapitaLand. CapitaLand has 50 per cent sponsor stake, while local Chinese investors - comprising corporate investors and high net worth...
Cushman and Wakefiled’s Donald Han offers his views on the property market in the Channel NewsAsia programme, When The Bears Are Out - Invest Wise, hosted by Lin Xueling. What are your favourite locations at the moment? And for which categories? It all depends on your investment profile and investment criteria. I always say that you should go into a project or property sector that you are most familiar...
Non-landed residential market most likely to gain from influx of foreign talent, say CHUA YANG LIANG and JACQUELINE WONG SINGAPORE'S non-landed residential market put in a strong performance last year, sub-prime notwithstanding, driven by the luxury and prime segments whose resale capital values saw stunning year-on-year growth of 51.7 per cent and 50.6 per cent respectively. Lights, camera, action: Key...
GIC Real Estate has formed a joint venture with New York Stock Exchange-listed Host Hotels & Resorts to explore investment opportunities in Asia and Australia. The partners have agreed to invest a maximum of US$600 million of equity in the joint venture. Combined with the anticipated leverage, they will have a potential investment war chest of up to US$2 billion. GIC will own 75 percent of the joint...
Macquarie Global Property Advisors (MGPA) says it expects office rentals in Singapore to remain hot, jumping by 10 to 25 percent this year. The Australian private equity real estate fund management firm is converting two plots of land at Marina View into twin office blocks. The two towers, expected to be completed in 2012, will also house a luxury five-star hotel. These land parcels drew top dollars from...
Singapore's property investment market remained robust in the first two and a half months of this year, with investment sales totalling S$5.9 billion in that period. The is according to a survey by consultant CB Richard Ellis. It said strong economic fundamentals and the positive long-term outlook in Singapore underpinned property investment activity. This is despite uncertain global economic conditions...
Property prices are expected to rise around ten to 15 per cent around the 100 new MRT stations to be built, analysts said. The government announced Friday that it would pump S$20 billion to double the rail network by 2020. Properties are going to be hot around the new 100 stations, with malls and public facilities expected to draw crowds to the stations. Property consultants are forecasting price...
Private property prices will see slower growth in the first quarter of this year, amid the current upheaval in global financial markets and a possible US recession. That is according to property consultants who said prices will be supported by rentals which will continue to climb higher this year. Related Video Link - http://tinyurl.com/2ew98s There has been frenzied buying and selling in the financial...
Germany's SEB Group has bought 12 strata-title floors of the office building Anson 79. It is paying S$215 million to Farrell Asset Management for some 10,300 square metres of Grade A office space. SEB already owns another nearby Grade A office building Springleaf Tower. Anson 79 is a 23-storey building in Shenton Way and is within walking distance of Tanjong Pagar MRT station. It has an occupancy of...