China Seeks to Rekindle Property Market

For a while it seemed that China’s property market was going to remain unscathed by the global financial crisis. While it did not suffer as much as some countries, China did experience a downturn in the real estate sector. Now, Beijing has put plans into motion to rekindle the market that it had purposely slowed to avoid a colossal meltdown in the industry.

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Marriott International appoints New Hong Kong GM

The Hong Kong SkyCity Marriott Hotel, a five star hotel in the Marriott International brand, has announced its new General Manager. Robert Jensch, former General Manager of Jamaica’s Ritz Carlton Rose Hall, has signed on to be the leader of Hong Kong’s newest - and only - Marriott Hotel. Marriott International operates four other hotels in Hong Kong under a different brand. Read more

Chinese Prepare to Flood US Market

The U.S. is still struggling desperately in the real estate sector. There may soon be a change on the horizon, but it has yet to be determined if the change is good or bad.

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The Advantages of Real Estate in the Philippines

The real estate market in the Philippines seems to have been spared from the worst of the global property downturn as its slow growth and higher rate of inflation seem to be paying off.

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Taiwan Seeks to Boost Property Market

 

Taiwan’s Premier Liu Chao-shiuan has stated that the government is in the process of developing new policies that will help boost the lagging property market. Among those plans is the development of the new industry to investment doorway to China. The new policy to allow individuals as well as businesses to invest in real estate is one of the top priorities according to the Premier. Read more

Thai Real Estate Companies Look Overseas

Thai real estate companies are looking overseas for the latest in investment opportunities due to the downturn in the global market. Recently, TCC Land struck a deal with the Rockford Indigo Hotel Group in Adelaide, Australia to acquire its Novotel Rockford Darling Harbour Hotel. The price tag was A$76mn (Bt1.6 billion). TCC Land is owned and operated by Charoen Sirivadhanabhakdi, often referred to as the “Whiskey King of Thailand” for his success as a top seller in the Mekong whiskey market. Read more

DMCI Supports “Live Your Dream”

 

 

DMCI has offered its wholehearted support to the Philippines Department of Tourism’s new property investment plan, called “Live Your Dream.” The campaign recently made its debut at the International Property and Investment Show held in Seoul, South Korea.

While manning the largest booth at the IPIS convention, the DOT launched the campaign through its marketing division, the Philippine Convention and Visitors Corporation (PCVC) - with the hopes of drawing more foreign investors to residential real estate in the country. In addition to holding court at their booth, representatives from the DOT also sponsored presentations and on-site business meetings as well as assisted participants with various tasks such as the processing of visas, providing a courier service, and offering accommodations reservations.

Florante Ofrecio, sales director for DMCI, who witnessed the convention’s three day long event, stated that the DOT used an innovative approach by encouraging tourism programs for investors, particularly in the residential real estate and property development markets.

“As far as I know, the DOT’s initiative to showcase the various property developments in the country is the first-of-its-kind public-private-sector partnership. The government agency perfectly complements private-sector efforts in getting foreign tourists and expatriates to invest in second homes in the Philippines by adding tourism appeal and flavor,” Ofrecio said.

In addition to DMCI, there were many other notable participants from the real estate sector present at IPIS. Some of the companies include: Federal Land Inc., Megaworld Corp., Robinsons Land Corp., Fil-Estate Urban Development Corp., Phil. BXT Corp. and State Properties Corp.

Source: Business Mirror

Japanese Stocks on the Rise

While the rest of the world is watching their stalks crumble, investors in Japan are realizing a gain. That is faring the best on the Nikkei 225 are railroad and drug companies, both of which are somewhat insulated against an economic downturn. Additionally, the lower price of crude oil also assisted manufacturers.

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Hong Kong Real Estate Agency Forced to Downsize

Centaline Property, Hong Kong’s leading real estate agency, announced yesterday that it plans to downsize due to the current state of the global market. Plans include closing up to 50 branches and reducing staff by approximately 20 percent. The downsizing is just once more sign of the poor state of the local property market. Read more

Overseas Property Investments Remain Shaky

The global real estate community has been severely affected by the sorry state of Wall Street as well as other international rescue plans to bolster the lagging financial market. Among those rescued is Germany’s Hypo Real Estate, one of the country’s largest lenders, with assets topping €395 billion ($62 billion USD). The planned bailout for the company was set at €35 billion ($47.7 billion USD) but after review may be off the table. Read more

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