Jabong Mailer (CPA)

Sunday, 17 July 2016

Temasek plans to invest in Indian real estate

Temasek Holdings is for the first time considering investment in real estate as an asset class in India. Last year, private equity-owned real estate funds invested $5 billion in India, which is the highest since the 2008 financial crisis, according to investment advisory firm Venture Intelligence.

The Singapore government-owned company is one of the largest investors in India, with a net investment portfolio of about $9 billion, or five per cent of its $179-billion global portfolio.

“We are hopeful to tap real estate assets in India,” said Ravi Lambah, co-head India, Temasek International. “It is a more recent development that we have been looking at it. We have done a few such investments outside last year and now we are evaluating it in India.”

Chinese real estate rebounds

China's real estate sector grew faster than the overall economy in the second quarter as new home purchase restrictions in the biggest cities failed to deter buyers.

Economic output by real-estate brokers surged 8.8 per cent from a year earlier in the April-to-June period, while construction activities jumped 7.3 per cent, data from the National Bureau of Statistics showed on Saturday. 

Read full story: Chinese real estate rebounds

New Launches Defining the Euphoria in Pune Real Estate

Once called the pensioners paradise due to its beautiful landscape & enchanting weather, present day Pune is one of the leading realty markets of India. The real estate market of Pune in the recent past has been clocking significant growth velocity, driven by large IT/ITeS crowd, relatively economic prices & upcoming infrastructure development. Similar positivity & euphoria has continued in the 1st half of 2016 that has been further augmented by its selection as one of the smart cities.

Micro Marketwise Analysis: According to the data revealed by the Square Yards GIC, mentioned below are the micro marketwise price movements in Pune over the last 12 months. Over the last 12 months, prices have appreciated in the range of 1 to 9%.

Traditional Real Estate Is This Fund's Desired Location

The following is our latest Fund Analyst Report for T. Rowe Price Real Estate Fund (TRREX) . Morningstar Premium Members have access to full analyst reports such as this for more than 1,000 of the largest and best mutual funds. Not a Premium Member? Gain full access to our analyst reports and advanced tools immediately when you try Morningstar Premium free for 14 days.

Friday, 1 July 2016

Chinese bought $1.3B of Canadian commercial real estate this year

Chinese buyers are now the largest foreign investors in Canadian commercial real estate, having spent $1.3 billion in the first half of this year, according to global real estate firm CBRE Ltd.

The figure is skewed by a single big sale, the purchase of the Bentall Centre in Vancouver by the Anbang Group, the same Chinese company that bought the Waldorf Astoria in New York City in 2014.

The Bentall Centre was reported to have sold for more than $1 billion.

Global capital still looking for a Canadian home: Don Pittis
This year's $1.3 billion in investment in the first six months from China and Hong Kong compares to $309 million last year and is a marked difference from the previous five years, when investment from Hong Kong and China represented just four per cent of the market.

So far this year, Chinese investors represent 65.4 per cent of more than $2 billion in total deals across the country in the first six months of this year.

CBRE Canada, which is based in Toronto, says China's state-owned owned firms have an interest in Canada because they are seeking out a safe haven for capital.

With the Canadian dollar relatively low and Europe looking increasingly uncertain because of Brexit, there could be more interest in commercial real estate here in the year ahead, it predicted.

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