REAL ESTATE

Ascott Expands In China With New Serviced Residences In Foshan And Hong Kong

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CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has clinched contracts to manage two properties in Foshan and Hong Kong SAR. The latest additions further strengthen Ascott’s leadership position as the largest international serviced residence owner-operator in China with over 7,000 apartment units in 40 properties across 17 cities.(PRWEB) December 20, 2011...

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Hong Kong Gazettes IPR Tax Deduction Extension Act

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Hong Kong’s Inland Revenue (Amendment) (No. 3) Ordinance 2011 (the Amendment Ordinance), which implements the proposed profits tax deduction for capital expenditure incurred on the purchase of copyrights, registered designs and registered trademarks, was gazetted on December 16, 2011. (read the news…) Related items Backers mull extension for Morgan Stanley megafund Hong Kong stocks...

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UPDATE 2-Singapore’s GLP, China in $1.6 bln Japan property deal

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SINGAPORE/HONG KONG, Dec 19 (Reuters) – ChinaInvestment Corp (CIC) and Singapore’s Global Logistic Properties(GLP) are teaming up to buy 15 logistics facilities in Japan for$1.6 billion, in what will be the Chinese sovereign wealthfund’s maiden foray into Japanese real estate. CIC and GLP, whose largest shareholder is Singapore wealthfund GIC, will each take a...

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RPT-Hong Kong, China Shares Snap 6-day Losing Streaks

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Hong Kong and China shares snapped six-day losing streaks on Friday, with gains accelerating in mid-afternoon on speculation Beijing could act to boost confidence following suspected intervention to support the yuan. (read the news…) Related items Hong Kong, China Shares Slump to November Losses Hong Kong: Property stocks lead gains Hong Kong Shares Inch...

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Keppel Land allotted 539.38m rights units in K-Reit

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Keppel Land announced its subsidiary had been allotted 539.38 million rights units in K-Reit Asia at 85 cents each. K-Reit Asia, Keppel Land’s real estate investment trust, held a 17-for-20 rights issue to raise money and acquire Keppel Land’s stake in Ocean Financial Centre. (read the news…) Related items Hong Kong’s Link REIT Has...

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Worli’s Dunlop House up for sale for Rs 400cr

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Kolkata-based tyre manufacturing company Dunlop India Ltd has put its oneacre Dunlop House property at Worli for sale. Property market sources said the company was looking at a price of around Rs 400 crore. (read the news…) Related items Hong Kong stocks slip early, with property weaker China braces as Europe’s simmering crisis adds...

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Singapore Stocks-Rally on central banks, China move

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* Index up 2.5 percent, upside seen capped at 2,780-2,785 * Banks, property developers outperform after China’s c.bankmove SINGAPORE, Dec 1 (Reuters) – Singapore shares surged2.5 percent by midday on Thursday to a two-week high, buoyed bygains in lenders such as United Overseas Bank (UOB) asmajor central banks moved to provide cheaper dollar funding...

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Hodes Weill & Associates Adds Three Real Estate Veterans, Opens Offices in Hong Kong and London

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Hodes Weill & Associates , a global real estate advisory boutique with a focus on the investment and funds management industry, today announced the addition of t (read the news…) Related items Borneo Real Estate showcases HK properties Wharf upsizes bond to $600 million amid roaring demand Research and Markets: Hong Kong Real Estate...

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Dividends to the fore as investment theme in Asia

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HONG KONG (Reuters) – Investing for income rather than growth in Asia is likely to pay dividends for investors nursing wounds after a rough 2011 and staring at an uncertain outlook next year. A focus on dividend payouts by Asian corporates, considered by many as a somewhat defensive strategy, runs contrary to the popular...

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Analysis: Dividends to the fore as investment theme in Asia

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HONG KONG (Reuters) – Investing for income rather than growth in Asia is likely to pay dividends for investors nursing wounds after a rough 2011 and staring at an uncertain outlook next year. A focus on dividend payouts by Asian corporates, considered by many as a somewhat defensive strategy, runs contrary to the popular...

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