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MGPA sees $1bn in office property SINGAPORE: Property investment firm MGPA has a warchest of more than $1 billion to invest in new Asian and European property and sees Tokyo offices as one of its top picks, Group CEO Simon Treacy said on Wednesday. But the firm, 56 percent owned by Australia's Macquarie , is wary of Hong Kong where it believes the office property market is set for a major correction as China's economy slows and US interest rates begin to rise. "We think Hong Kong is a bubble looking for a pin and that it could represent a great buying opportunity in 18 months' time once China continues to slow down and goes through a soft landing and interest rates go up in the US," Treacy told the Thomson Reuters Global Real Estate and Infrastructure Summit. "Hong Kong's property market will go through a major correction next year sometime," said Treacy, whose firm currently has about $11 ...

Treasury China keen on acquisitions SINGAPORE: Singapore-listed Treasury China Trust (TCT) is on the lookout for more property acquisitions in China, after making two purchases earlier this year and having several projects under development, its chief executive said. "We certainly have excess capacity in our platform to take on new opportunities and that's our focus over the next 12-18 months," CEO Richard David told the Reuters Global Real Estate and Infrastructure Summit on Tuesday. TCT, which is structured as a business trust, ...
Treasury China keen on acquisitions st1\:*{behavior:url(#ieooui) } /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman";} SINGAPORE: Singapore-listed Treasury China Trust (TCT) is on the lookout for more property acquisitions in China, after making two purchases earlier this year and having several projects under development, its chief executive said. "We certainly have excess capacity in our platform to take on new opportunities and that's our focus over the next 12-18 months," CEO Richard David told the Reuters Global Real Estate ...
North Korea forced to downsize housing plan: Source SEOUL: A North Korean project to build 100,000 new homes in Pyongyang has been drastically downsized due to a lack of funds and building materials, a South Korean source said Tuesday. The project was planned for completion in April next year, the 100th anniversary of the birth of North Korea's late founding president Kim Il-Sung. The country has vowed to build "a great, powerful and prosperous" socialist state by then to mark the occasion. But only 500 homes ...
European investors eye more Asian properties SINGAPORE: European real estate investors are likely to put a larger proportion of their funds in Asian commercial properties in coming years as they become more comfortable with a region that is leading growth, a senior executive at property services firm Savills said. "Over the next three to five years, it's going to increase significantly," said Steffen Wolf, who joined Savills earlier this year as Asia-Pacific head of the firm's investment management business. "The focus has changed ...

 



 
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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%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln