The sluggish global economy has not left the property sector unscathed, but the high-end estate market on the Indian Ocean island of Mauritius is showing remarkable resilience. Murray Adair, CEO of the Indian Ocean Real Estate Company (IOREC) who is developing several luxury resorts in Mauritius in partnership with Flacq United Estates Limited (FUEL), says […]
Tag: China
KFH To Invest $275 Milliion In Real Estate Project
August 30, 2008 – 6:14 am
Kuwait Finance House, the Gulf state’s biggest bank by market value, said it will invest $275 million in a real estate project in China as part of plans to boost its exposure to Asia. KFH has signed a deal with China’s Nan Hai Corp to invest in the $3 billion Peninsula real estate development through […]
Indian Realty Need Chinese Rules
July 24, 2008 – 5:47 am
It’s now quite evident that real estate companies are in for some difficult times. CRISIL not only foresees a delay in many planned and ongoing projects, it believes several players are over-leveraged and that the combination of sluggish demand and rising costs will lead to a shakeout. In particular, residential complexes, funded largely by customer […]
Irish Life To Invest In Commercial Property In Asia and Europe
June 27, 2008 – 12:58 am
Investors in this country are known to have an appetite for exotic investments. Irish Life is tapping into this by giving investors an opportunity to invest in commercial property in Asia and Europe through two new funds from Irish Life — Eurasia Property Fund and Eurasia Property Plus Fund. Irish Life is partnering with Hendersons […]
Chinese Suppliers Behind India Retail Story
June 5, 2008 – 8:49 am
During a visit to China some eight months back, Mr. Samar Sheikhawat, vice-president – marketing, Spencer’s, was talking to a local supplier for shop fixtures. The supplier inquired about the exact quantity Spencer’s needed. “Fifty containers,” Mr. Sheikhawat answered, a bit tentative for he wasn’t sure whether such a ‘huge’ order could be serviced by […]
Mapletree Starts Third Property Project In China
May 29, 2008 – 5:06 am
Mapletree, a property investment unit of Singapore state-owned Temasek Holdings, announced on Monday that its private real estate fund, Mapletree India-China Fund (MIC Fund), is developing a property worth US$320 million in China’s Guangdong Province. This is MIC Fund’s third investment in China after its investments in a residential and retail development in Xi’an and […]
Industrial Rent Gets Double In Mumbai
April 15, 2008 – 5:50 am
Mumbai’s industrial property rents almost doubled last year, rising at the fastest pace in the world. According to an international report, annual industrial rents in India’s financial capital surged to nearly 80 euros (127 dollar) a square meter. Global average rents rose by more than 6 %, outpacing the 4.5 % increase in 2006, with […]
Wait and watch before investing
March 28, 2008 – 3:13 am
An international real estate agent Knight Frank predicts that the Indian property boom which lasted for the majority of 2007 is likely to continue into 2008, but it could be tempered by the credit crunch. For the same reason he advising buyers to “wait and watch for a month” before deciding to invest.
