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Li Ka-shing-backed firm to launch Singapore SINGAPORE: A real estate investment trust backed by Hong Kong tycoon Li Ka-shing announced on Wednesday it hopes to raise around $800 million in a yuan-denominated initial public offering in Singapore.   The offer by Dynasty REIT will be the first yuan-denominated flotation in the affluent city-state and the second outside mainland China.   Dynasty REIT, which is sponsored by real estate fund manager ARA Asset Management Ltd, lodged its prospectus on Wednesday with the Monetary Authority of Singapore (MAS) in preparation for the IPO.   ARA is an affiliate of the Cheung Kong Group, whose chairman is Li, Hong Kong's richest man.   No date was given for the share offer.   Dynasty REIT will offer between 893.9 million and 901.3 million units to public and institutional investors at a price range of 4.40-4.70 yuan apiece, according to the preliminary prospectus.   Additional units will be subscribed to by the sponsor and a group of "cornerstone" investors.   Total proceeds from the offer ...

China home prices rise for 4th month in September: survey  BEIJING: Average home prices in China's 100 big cities edged up for a fourth straight month in September, a private survey showed, reinforcing signs of a mild recovery as the government seeks to boost growth while avoiding a real estate bubble.   Average home prices rose 0.17 percent to 8,753 yuan ($1,400)per square metre in September, moderating from August's month-on-month increase of 0.24 percent, the China Real Estate Index System (CREIS) said.   A steady rise in home prices ...
UK house prices fall unexpectedly in Sept  LONDON: British house prices fell unexpectedly in September, figures from mortgage lender Halifax showed on Thursday, as the weak economy weighed on demand. British house prices dropped 0.4 percent in September after a bigger than initially estimated 0.5 percent fall in August, leaving prices in the third quarter of 2012 1.2 percent lower than a year earlier. Economists had expected house prices to hold steady in September and to be 0.9 percent lower on the year. "The generally ...
Australia new homes sales hit 15-year low  SYDNEY: Sales of new homes in Australia fell to a 15-year low in August, an industry survey showed on Wednesday, in a sign more cuts in interest rates might be needed to revive the long-suffering housing sector.   The Housing Industry Association (HIA) said its survey of large builders showed sales of new homes dropped 5.3 percent in August, compared to July. Sales of detached homes fell 5.8 percent, while sales of multi-units eased 2.5 percent.   The decline ...
Qatari property firm Barwa eyeing London  DUBAI: Qatar's Barwa Real Estate is looking to invest in the London property market before the end of the year, the company's deputy group chief executive said on Tuesday.   "We're looking for a few investments in Europe, mainly London. We're interested in hotels, business towers and hope to finalise an investment before year end," Ahmad Abdulla al- Abdulla told Reuters on the sidelines of the Cityscape real estate conference in Dubai. He did not give details ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln