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Property sector set to gain from Asian funds boost-LaSalle

Posted on 06 December 2012 by Laxman  |  Email |Print

Asian commercial property prices will be supported by increased demand from the region’s investment funds as they look to boost their exposure to the sector, real estate firm LaSalle Investment Management said.
The firm said Asian institutions are under-allocated compared with their European and North American peers which invest around 5 to 10 percent of their portfolios to real estate………………………………………..Full Article: Source

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S-E Asian cities hot spots for real-estate growth

Posted on 06 December 2012 by Laxman  |  Email |Print

South-east Asian cities will lead real-estate investment opportunities next year, even as the entire Asia-Pacific region is expected to see steady economic growth and increasing property values.
Such cities dominated three out of the top five spots in a survey on investment and development prospects of 22 cities in the Asia-Pacific next year. The findings were released by the Urban Land Institute and PricewaterhouseCoopers (PwC)………………………………………..Full Article: Source

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Jakarta expected to have strongest price growth in Asia in 2013

Posted on 05 December 2012 by Laxman  |  Email |Print

Luxury residential property prices in Singapore and China are showing signs of stabilising after declining over the past six months, according to the latest index.
Meanwhile, luxury residential prices in Hong Kong rose a further 1.7% in the third quarter of the year with year to date price growth totalling 5.7%, the residential index from Jones Lang LaSalle also shows………………………………………..Full Article: Source

Forecast for South East Asia property market steady but not spectacular

Posted on 27 November 2012 by Laxman  |  Email |Print

Rents continued to rise in most of South East Asia and moderate rental growth is expected in the next 12 months, according to the Asia Pacific Economy & Property Markets report released by Jones Lang LaSalle.
Investors continued to be active across Asia Pacific and residential investment volumes held at similar levels to the same time last year. Rents and capital values continued to rise in most markets and sectors, albeit at a modest pace, according to the report……………………………………….Full Article: Source

The 10 big risks faced by Australian property investors

Posted on 27 November 2012 by Laxman  |  Email |Print

These are 10 of the traditionally pre-eminent guises of investment risk, but specifically as they apply to Australian property investors. 1. Market risk (or systematic risk): Market risk may affect all investments in an asset class in a similar manner, such as in the event of a market-wide price crash. As such, market risk that cannot easily be mitigated through diversification.
2. Liquidity risk: Equates to the possibility that an investor may be unable to buy or sell an investment when desired (or in sufficient quantities) due to limited opportunities………………………………………..Full Article: Source

Australia: Wealthy investors paint town red and create a property boom

Posted on 26 November 2012 by Laxman  |  Email |Print

Cashed-up Asian investors are fuelling a mini property boom, ploughing billions of dollars into houses and apartments around the state. The wealthy investors from China, Hong Kong and Singapore are snapping up real estate in many of Sydney’s most desirable locations - from the central business district to waterfront properties and areas surrounding schools and universities.
Despite fears that foreign investors will push the price of housing out of reach of ordinary families, experts predict it will actually help the property market recover………………………………………..Full Article: Source

Australia: Lords of property confidence

Posted on 26 November 2012 by Laxman  |  Email |Print

More than three-quarters of landlords are feeling positive about their property investments despite falling prices. A new report by research group BDRC Jones Donald says 77 per cent are positive about their real estate investment and one in five plan to buy another property within 12-18 months.
The high level of confidence is “a surprise”, says BDRC Jones Donald managing director Roger Donbavand, who attributes it to rising rental incomes and low vacancy rates. “Those who increased rents last year are more likely to make further increases in the next six months,” he says………………………………………..Full Article: Source

Asian REITs a better bet than stocks, says report

Posted on 21 November 2012 by Laxman  |  Email |Print

Asian real estate investment trusts (reits) should be an essential component in a retail investor’s portfolio, says a report by the Asia Pacific Real Estate Association (APREA).
The region’s reits provide investors with a liquid and high-quality real estate investment opportunity to access the dynamics of the Asian real estate markets in listed real estate investment products, the report noted……………………………………….Full Article: Source

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Philippines: Real estate sustaining robust growth

Posted on 21 November 2012 by Laxman  |  Email |Print

The robust Philippine real estate is showing no signs of slowing down with vacancy rate falling, pre-leasing for office spaces been committed already for the next two years and supply is getting tighter all indicating that a bubble burst is far from happening in this sector, said global real estate services firm CBRE.
The robust Philippine real estate shows no signs of slowing down with vacancy rate falling at its lowest record and pre-leasing for office spaces been committed already for the next two years as supply is falling strong indications that a bubble burst is far from happening in this sector, said global real estate services firm CBRE……………………………………….Full Article: Source

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Commercial property sales up 17pct in Australia as globally sales fall: JLL

Posted on 19 November 2012 by Laxman  |  Email |Print

Transaction volumes of commercial property in Australia in quarter three increased 17% from the same time in 2011, bucking the global dip of 6-7%, according to Jones Lang LaSalle research.
There have been $12.07 billion of commercial property sales to date for 2012 in Australia, compared with $12.09 billion for the entirety of 2011, according to Jones Lang LaSalle’s Global Capital Flows report for quarter three………………………………………..Full Article: Source

Asian investors cautiously positive on property market

Posted on 14 November 2012 by Laxman  |  Email |Print

Asian investors, while cautious, remain positive in their outlook on the property market in the next 12 months, according to the latest results from Colliers International’s Global Investor Sentiment Survey.
Majority of those surveyed (79 percent) maintain a high preference to invest in their home markets, results also showed. It noted that 68 percent of Asian investors believed that market conditions would improve in the next five years while only a small percentage (11.7 percent) felt that investment conditions would decline………………………………………..Full Article: Source

Asia Pacific region enjoys residential market price increases despite economic slowdown

Posted on 06 November 2012 by Laxman  |  Email |Print

In a puzzling scenario, some Asia Pacific countries are seeing prices rising in their home markets despite a global economic slowdown, according to the latest edition of Knight Frank’s Asia Pacific Residential Review compiled by Nicholas Holt. His findings were posted in an online press release.
Hong Kong is seeing its strongest quarterly growth since third quarter 2009. Quarter on quarter price growth jumped from 1.8% to 8.4% in Q2 in the Hong Kong residential market as sentiment improved and pent-up demand drove up transaction volumes, according to the report………………………………………..Full Article: Source

Asian REIT market poised for significant growth, says APREA

Posted on 01 November 2012 by Laxman  |  Email |Print

The potential for further growth in the Asian REIT (Real Estate Investment Trust) market is significant as it should continue to benefit from powerful cyclical and long-term trends that should drive future growth.
Asia Pacific Real Estate Association (APREA) chief executive officer Peter Mitchell said the REIT structure continues to be a fundamental driver of the securitisation of real estate holdings around the globe. “It has proved remarkably resilient in the face of the global financial crisis, particularly in Asia………………………………………..Full Article: Source

Quantitative easing harming real estate markets and currency in Asia

Posted on 25 October 2012 by Laxman  |  Email |Print

Policymakers in Asia are facing increasing pressure to step in and stem the rise in their currencies because of the problematic side effects of quantitative easing in the U.S, CNBC reported. Excess liquidity generated by the third round of quantitative easing in September has quickly made its way into Asian markets, as investors search for higher yields.
The Hong Kong Monetary Authority was the latest to intervene in the currency market with the city’s central bank selling HKD603 million (US$77.8 million) on Saturday after the currency hit the upper limit of its trading range………………………………………..Full Article: Source

Australia property sector now a buyers’ market

Posted on 25 October 2012 by Laxman  |  Email |Print

Australian consumers have now taken a special liking on property believing property prices and skidding interest rates are quite good indicators to buy a new home.
In the latest survey done by the Commonwealth Bank-Mortgage and Finance Association of Australia (MFAA), a majority or about 77.9% of the 1,423 respondents have shown more confidence in acquiring a new home believing that prices have stabilised until year-end………………………………………..Full Article: Source

New Zealand’s property market buoyant

Posted on 19 October 2012 by Laxman  |  Email |Print

Residential property prices in New Zealand have continued to rise in the third quarter of 2012. The national housing median price rose by 6% to NZ$371,000 (US$304,168) during the year to September 2012, according to the Real Estate Institute of New Zealand (REINZ).
Locally, Southland registered the biggest annual house price increase, with a 17% year-on-year (y-o-y) rise in September 2012. Districts which also recorded strong annual house price rises include Central Otago Lakes (14.4%), Auckland (8.4%), and Nelson/Marlborough (8.3%)………………………………………..Full Article: Source

Property exuberance is reborn in Indonesia

Posted on 16 October 2012 by Laxman  |  Email |Print

Fifteen years after the Asian financial crisis sent overheated Indonesian property markets tumbling, the archipelago nation’s real-estate markets are soaring again–just as economic storm clouds gather across the world.
By some measures, Jakarta is among the hottest property markets in Asia. Asking prices for condominiums in central Jakarta have shot up nearly 12% since the second half of 2011, according to Knight Frank, a property consultancy, and more than 50% since late 2008. The city’s office market, meanwhile, is one of world’s tightest, with “grade A” buildings reporting occupancy levels of 98.1%, compared to 92% in Singapore and 85% in Kuala Lumpur, according to property firm Jones Lang LaSalle……………………………………….Full Article: Source

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Australia: Property market steady, with hope still buoyant

Posted on 15 October 2012 by Laxman  |  Email |Print

The spring market held ground over the weekend but the real test is not due until the end of the month when larger volumes of stock finally come on the market. Agents are hoping buyers who need to be settled before Christmas or the 2013 school year will help prop up the clearance rate and property prices.
Another interest rate cut from the Reserve Bank of Australia in early November and some stronger action from the major banks could also spark sharper activity.Data from the Real Estate Institute of Victoria shows a modest 1 per cent rise in Melbourne’s median house price for the past quarter to $530,000, against a 1.9 per cent fall for the year………………………………………..Full Article: Source

Sydney still tops for property prices

Posted on 12 October 2012 by Laxman  |  Email |Print

If you’re after bragging rights over how expensive your home is, Sydney is the place to be. Perth and Melbourne are the only other major cities that feature as magnets for the very wealthy but are a distant second and third behind the harbour city.
Sydney has 19 of Australia’s most expensive 25 suburbs, according to the RP Data Property Pulse released today. Perth has three, Melbourne two and Eagle Bay in Busselton also gets a top 25 ranking………………………………………..Full Article: Source

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Why Australian property prices are set to drop

Posted on 27 September 2012 by Laxman  |  Email |Print

A leading international strategist believes that property prices in Australia will continue to fall over the next two years. Investec Asset Management strategist Michael Power says that while property prices in the country have fallen by six per cent since 2010, they could fall by up to a total of 20 per cent by 2014.
If you’re looking to buy property in Australia, you could snap up a cheaper home over the next 18 months. Power, the South African based strategist, said: “We’re not seeing anything like the US, Irish or Spanish property bust here. But I think over the next 18 months it could go down by double digits, 12 or even 15 (per cent). A 15 to 20 per cent (fall) would be my outside downside over the entire period.”……………………………………….Full Article: Source

Thailand’s Pattaya market emerging as niche real estate development target

Posted on 25 September 2012 by Laxman  |  Email |Print

It may not have the glitz and glamour of a Las Vegas or Atlantic City, but Pattaya in Thailand has long been a major tourist destination in Asia. Now it is emerging as a budding real estate development site.
Pattaya sits on the east coast of the Gulf of Thailand, about 165 kilometers southeast of Bangkok. The city is within but not part of Amphoe Bang Lamung (Banglamung) in the province of Chonburi………………………………………..Full Article: Source

China tops Asia’s retail property markets

Posted on 12 September 2012 by Laxman  |  Email |Print

China takes a lion share in the retail projects under construction in Asia, remaining the most popular entry point for international retailers, according to a report released on Monday.
Of the 27.87 million square meters of retail projects under construction in Asia, 82.4 percent are in China, a report on the shopping center industry by US real estate services company Cushman & Wakefield………………………………………..Full Article: Source

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NZ: Spring surge for property market

Posted on 06 September 2012 by Laxman  |  Email |Print

Property listings for August rose 10 per cent on the previous month, new data shows. The lift has given the New Zealand property market a healthy kick for spring, but it remains firmly in favour of sellers, the report said.
Data out today in the NZ Property Report, a monthly update of housing market activity compiled by Realestate.co.nz, showed 10,365 new listings on the national market in August, up 10 per cent on the July figures and 2.4 per cent higher than the same month last year……………………………………..Full Article: Source

Hong Kong to boost home sales, favor locals as prices surge

Posted on 03 September 2012 by Laxman  |  Email |Print

Hong Kong will boost the supply of homes and give preference to local buyers as it seeks to cool housing prices that have surged to the world’s most expensive, fueled by record-low interest rates and Chinese investment.
Chief Executive Leung Chun-ying announced a 10-point package yesterday that included speeding up the approval of permits for private project sales, selling public units that were originally intended for rent, and drafting policies that will give preference to local buyers………………………………………..Full Article: Source

Australia: Real estate begins to bloom

Posted on 03 September 2012 by Laxman  |  Email |Print

The residential property market sprang to life on the first day of spring after months in the doldrums, with strong auction clearance rates in Sydney and Melbourne. There was little cause for optimism in the lead-up to the first day of the spring selling season because of the depressed market.
However, Melbourne recorded a 63 per cent clearance rate, according to the Real Estate Institute of Victoria (REIV), up from 55 per cent for the same time last year. In Sydney there was a 63.9 per cent clearance rate, according to Australian Property Monitors………………………………………..Full Article: Source

Australian housing demand sinks despite rate cuts

Posted on 29 August 2012 by Laxman  |  Email |Print

The slump in Australian home construction deepened further in July, dashing expectations that aggressive interest rate cuts in the second quarter of this year would resurrect demand.
A survey of sales of new homes by the Housing Industry Association released Tuesday showed a 5.6% decline in July from June and an 11.6% slide on year. Sharp falls were recorded in both the detached housing segment, which fell 5.5%, and in apartment sales, which fell 6.4%………………………………………..Full Article: Source

Investment values in Asia Pacific point to resilience

Posted on 27 August 2012 by Laxman  |  Email |Print

Despite global headwinds and a challenging global economic environment, strong investment volumes in the Asia Pacific property market point to signs of resilience, according to the latest analysis of the market by Jones Lang LaSalle in their Q2 2012 Asia Pacific Property Digest (APPD). However, a slowdown in leasing activity points suggests that the region is not completely immune.
Direct commercial real estate investment activity rebounded in Q2 with volumes increasing 26 percent y-o-y to US$26 billion. Japan saw the biggest y-o-y growth (290 percent) as it recovered from the Tohoku earthquake last March, while Hong Kong, Singapore and China also registered strong double-digit growth………………………………………..Full Article: Source

Australian housing, is it a bubble if it never pops?

Posted on 20 August 2012 by Laxman  |  Email |Print

Argument over whether Australian housing is in a bubble has dragged on for over a decade. A Google search on the subject draws 600,000 returns. It even has its own Wikipedia page.
Three years after the global financial crisis hammered prices in the United States and Britain, Australian home values are just 5 percent below their lifetime highs. Recently, prices have begun to tick up again thanks to lower interest rates and a sound banking system still able and willing to lend………………………………………..Full Article: Source

Asia may miss high yields in real estate

Posted on 13 August 2012 by Laxman  |  Email |Print

The turn of phrase having a roof over your head is supposed to refer to the basic need of shelter. For Asian investors though, it could refer to a basic part of their portfolios.
From luxury dwellings to modern office high rises, real estate has been a popular choice for the region’s investors. Finding bargains in overseas property markets has become even more commonplace for investors in high-growth, savings-rich Asia following the global financial crisis………………………………………..Full Article: Source

Australia: Spring market warms

Posted on 13 August 2012 by Laxman  |  Email |Print

It’s been a slow winter for real estate activity, but as the warmer weather approaches make sure you are prepared for the traditional pick-up as spring arrives. Use the next few weeks wisely to put yourself in the best position, whether you are a prospective buyer or seller.
Buyers are in a strong position, with affordability having increased through a combination of lower interest rates and a small decline in house prices in most areas………………………………………..Full Article: Source

Aussie property decline mirrors Japan

Posted on 06 August 2012 by Laxman  |  Email |Print

Australian prices are down by over 9 per cent, which is indistinguishable from the Japanese fall of just under 8.9 per cent at the same point in its house price deflation.
According to the ABS series, house prices rose 0.5% in nominal terms in the June quarter, and were flat in real terms………………………………………..Full Article: Source

Australia: House prices post surprise gain

Posted on 01 August 2012 by Laxman  |  Email |Print

Property prices unexpectedly rose in the June quarter despite buyers receiving conflicting signals about the outlook for the property market. House prices rose 0.5 per cent in the June quarter, following an upwardly revised 0.1 per cent drop in the March quarter, the Australian Bureau of Statistics said. Economists polled by Bloomberg tipped a 0.5 per cent fall.
Over the year to June, house prices fell 2.1 per cent, after an upwardly revised 3.5 per cent fall in the year to March, the ABS said. The drop was the fifth consecutive quarterly fall on a year-on-year basis in the ABS series which began in 2003………………………………………..Full Article: Source

Australia: Property becalmed as financial storms rage

Posted on 31 July 2012 by Laxman  |  Email |Print

When Reserve Bank governor Glenn Stevens says property prices aren’t about to pop, then that’s that. Trouble is, they’re not about to hop, either. What he didn’t say the other day was that property will be a good investment any time soon.
In fact, only six weeks ago he was saying the Reserve had no intention of lifting home prices or seeing another bubble, a message that somehow missed the front page. Property values have apparently stabilised, having fallen an average 5 per cent to 10 per cent from their peak before the GFC, which is far better than the sharemarket has done, as I’m sure you’ve noticed………………………………………..Full Article: Source

Korea: Housing market continues to suffer stagnation

Posted on 30 July 2012 by Laxman  |  Email |Print

The housing market is continuing to stagnate, with industry sources saying sales volume dropping by 20-50 percent every month compared to the same period last year.
Following the sluggish demand, house prices are falling in the metropolitan area. Prices for apartments in Gangnam, where prices peaked in 2007, have been decreasing steadily since 2010………………………………………..Full Article: Source

Australia: Don’t be misled by property outlooks

Posted on 27 July 2012 by Laxman  |  Email |Print

There is an overwhelming amount of news and information that bombards us about the housing market but unless it talks about your exact suburb, or area, or in fact refers to your property type and the era you purchased it, this may unwittingly be the opposite of reality.
Why? The basic principals of how property markets behave rarely vary but the intricacies, the local peculiarities, the history and background of an area, even the demographics have a huge impact in making the Australian housing market overall a vastly complex and often contradictory place………………………………………..Full Article: Source

NZ: Homes sell without adverts in new boom

Posted on 27 July 2012 by Laxman  |  Email |Print

Auckland real estate agents are bringing forward auctions and selling houses without any advertising as the housing market hits a fresh boom. Agents say the buoyant market is driving up sales and they are bringing forward auctions to capitalise on the huge appetite.
And while some buyers accuse agents of “cheerleading” price rises, agents say their responsibility is to get the best price for the seller………………………………………..Full Article: Source

Australia property draws foreign capital seeking security-CBRE

Posted on 25 July 2012 by Laxman  |  Email |Print

Australia was the most popular property investment destination for non-Asian investors, and the third most active investment Asia Pacific market over the past year as investors sought secure, quality assets in a mature market, CBRE said on Tuesday.
In the year to June, Australia had property investment turnover of $10.8 billion, third after Japan, the largest investment market in the region with $13.6 billion in turnover and China which saw $11.8 billion of investment turnover………………………………………..Full Article: Source

Top 5 hot markets in Asia

Posted on 24 July 2012 by Laxman  |  Email |Print

The overall value of prime property in the world’s key cities fell 0.4 percent in the first quarter of 2012, according to a report from Knight Frank due to global economic woes and the implementation of cooling measures in key markets.
In Asia, only two cities beat the trend with Jakarta experiencing 14. percent price growth in the 12 month period between March 2011 to March 2012, while Beijing saw prices increase by 2.9 percent in the same period………………………………………..Full Article: Source

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Australia: House prices play catch up with consumer sentiment

Posted on 24 July 2012 by Laxman  |  Email |Print

Westpac and the Melbourne Institute recently released the July results of their monthly survey of consumer sentiment.
The consumer sentiment index was recorded at 99.1 points for the month, which indicates that consumer sentiment is close to the neutral mark where optimism and pessimism are equally weighted (i.e. an index reading of 100)………………………………………..Full Article: Source

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BNZ economist Craig Ebert says NZ housing market is over-valued by 25pct

Posted on 20 July 2012 by Laxman  |  Email |Print

BNZ economist Craig Ebert says our housing market is over-valued by 25% because of artificially low interest rates and to ignore this imbalance ‘would be irresponsible’. Those propounding that the Reserve Bank should maintain very loose, even looser, policy, on account of the slow CPI, should take another look at New Zealand’s housing statistics.
These suggest a major imbalance is still stalking the NZ economy – one that might only be redressed by less interest rate stimulus, not more. Namely, that NZ house prices, having never really shaken the bubble they formed over 2004-07, are threatening to blow bigger again………………………………………..Full Article: Source

Asia: Better safe than sorry

Posted on 17 July 2012 by Laxman  |  Email |Print

Asian property markets and policymakers content to settle for slower growth rather than watch a bubble form and then burst. Residential property market activity in Asia is likely to be subdued this year given the impact from Europe’s debt crisis, while concerns still linger about bubbles forming and bursting in this region as happened 15 years ago.
Warnings have already been sounded in Hong Kong of a possible bubble if proper policies are not put in place, while in China the government has taken several steps to curtail real estate speculation……………………………………….Full Article: Source

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NZ: ASB sees house prices rising 4-5pct over next year as housing market comes back to life

Posted on 16 July 2012 by Laxman  |  Email |Print

Housing supply pressures, low rates of return for term deposits, share market volatility, and the prospect of house price gains have contributed to the latest pick-up in the housing market, ASB economists say.
The pick-up was likely to lead to a 4-5% rise in house prices over the coming 12 months, although future gains would be constrained by the still-high starting point of prices compared to incomes and rents, they said. Rents also had room to rise, with the fundamentals pointing to a “moderate increase” in rents………………………………………..Full Article: Source

Malaysians overtake Chinese investors in Singapore

Posted on 10 July 2012 by Laxman  |  Email |Print

According to AsiaOne Business, a report released by the Urban Redevelopment Authority (URA) and CBRE Research has revealed that investors from Malaysia have become the largest foreign buyers of residential properties in Singapore, outpacing buyers from China.
The research shows that Malaysian buyers accounted for 27.6 percent of all purchases by foreigners during the first half of 2012. China on the other hand, accounted for just 20.3 percent of the purchases………………………………………..Full Article: Source

Australia: House price ‘plateau’ still out of reach for most

Posted on 09 July 2012 by Laxman  |  Email |Print

A recent COAG report found that only 24 per cent of properties for sale in Sydney, 48 per cent in Melbourne and 17 per cent in Brisbane were affordable to households on the lowest 60 per cent of incomes in those cities.
That means in Sydney for example, 60 per cent of households are competing for the 24 per cent of properties they can reasonably afford. That calculation is sensitive to movements in interest rates, but interest rates would have to move significantly to get those numbers in balance………………………………………..Full Article: Source

Why Asia’s rich are buying up real estate

Posted on 04 July 2012 by Laxman  |  Email |Print

Why are they turning to real estate? Essentially, it’s a way for Asia’s elite to protect their wealth as uncertainty continues to grip the market and a slowdown in China looms larger. Like Dunlop says, “As a popular saying goes, ‘property may get sick but it never dies.”
And Asia-Pacific Chief Investment Strategist of Citi Private Bank, John Woods, adds that investors in Asia are practicing “caution, caution towards the global environment [and] caution towards a China slowdown.”……………………………………….Full Article: Source

Top Asia manager bullish on Chinese property outlook

Posted on 04 July 2012 by Laxman  |  Email |Print

It is time to buy into China’s property market, Kenny Tjan, CIO of Asia-Pacific portfolios at the Australian boutique MIR said after having sold out of Chinese equities in the past year. In an interview with Citywire Global, the Singapore-based manager said property companies are trading on attractive discounts of 40-60%.
‘Property developers at the moment are so bearish but we are currently really overweight on property in China,’ Tjan said. ‘We would buy even more over the summer as we do not want to be led by the macro fears.’……………………………………….Full Article: Source

Asia’s home prices rebound as low interest rates boost sales

Posted on 03 July 2012 by Laxman  |  Email |Print

Home prices in China, Singapore and Australia rebounded as demand for property assets rose, boosted by low interest rates as investors sought real estate investments in the Asia-Pacific region.
China’s new home prices in June increased for the first time in 10 months, while those in Australia’s eight major cities recorded their largest monthly increase in more than two years as lower mortgage rates encouraged buyers. Singapore prices rebounded to a record in the second quarter………………………………………..Full Article: Source

Australian housing permits post record month on apartments

Posted on 03 July 2012 by Laxman  |  Email |Print

Australian home-building approvals soared in May on apartment projects, a sign housing demand may accelerate after the central bank cut interest rates. The local currency advanced.
The number of permits granted to build or renovate houses and apartments gained by a record 27.3 percent from April, when they fell a revised 7.6 percent, the Bureau of Statistics said in Sydney today. The result was more than five times greater than the median forecast for a 5 percent gain in a Bloomberg News survey of 19 economists………………………………………..Full Article: Source

Australian property ‘could become more popular’

Posted on 28 June 2012 by Laxman  |  Email |Print

The Australian property market could become more popular with British investors in the future, with the country’s government trying to streamline the application process for those planning to move to the antipodes.
Marc Da Silva, freelance property journalist and founder of PropertyJournalist.com, said this could have an impact on the number of Brits making the move down under………………………………………..Full Article: Source

Mumbai property: Five reasons why prices never fall

Posted on 22 June 2012 by Laxman  |  Email |Print

Residential property prices in Mumbai have held firm despite high interest rates, rising inventory of homes with developers and unaffordability. In that context, the city’s property market is a puzzle for experts.
Analysts at Citibank have made an effort to demystify the market trend. Here are some takeaways from a recent report:……………………………………….Full Article: Source

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