From July 2007, the problems of secondary-main mortgage in the United States and the increases have extended accreditation for bonds of state have triggered concerns about a global scricchiolio accreditation and have caused the volatility of global stock market. However, financial institutions in Asia are in a relatively good position with regard to scricchiolio accreditation because they have less exposure to sub-main instruments of mortgage that those based in Europe or the United States. Some foreign capital is redirecting the property markets in Asia, cercanti of benefit not only the appreciation of natural real estate in dynamic economies, but also by appreciation of Asian currencies against the U.S. dollar, especially the RMB. Foreign investors have not shown signs of representation to scale back the Asian real estate investment, particularly given the shortage of properties on the degree of investment. Value united quarter of 'the greatest business investment s ten in Asia amounted to U.S. $ 9.3 billion. In Singapore, total value S $ 15.69 billion of investment transactions was registered in the third quarter, in local and global yoy's continued reflection of 94% increase in the properties of the large as Singapore ' Positive economic fundamentals of S. The drivers were the main market of transactions and activities continued by developers that add to their agricultural credit banks. AS $ 40.95 billion, sales of total investment in the first nine months of 2007 have already exceeded the total for 2006 total by 34%. Business investment in the field of qoq more than quadrupled in the third quarter, with the S $ 6.83 billion in transactions representing 43.5% of sales of investment. With rents to a highest point of history, REITs and the funds are foreigners remain keenly interested in the properties main office. The sale of the Chamber of Chevron (formerly Chamber of Caltex) to Goldman Sachs for S $ 630 million (psf S $ 2783) has set a new sign of reference for transactions of the office. The sale is aligned tenth in the list of the ten biggest business major investment. CapitaLand has deprived its interest in board Wilkie, a mixed development including office space, the commercial capital trust for S $ 182.7 million. CapitaLand has also purchased the remaining stake of 50% on a street of George and the Adelphi from its socio PTE srl fund working for the Eureka for S $ 715.75 million. K-REIT and Suntec REIT each paid S $ 941.5 million for one third of the pali in a Raffles Quay. The business took the number 6 and 7 in the list of the ten main trading in Q3 2007. In the second quarter of Japan 'development of GDP s real fell for the first time 1.2% yoy, entering negative territory during three years. However, the general consensus is that the negative development is largely a response from the high pace of expansion over the previous two quarters and the economy is likely to expand at a moderate pace. Although the crisis in subprime U.S. has influenced the Bank of Japan 's decision to maintain the call rate at night to 0.5%, BOJ remains optimistic about the economy in most regions. Despite a degree of volatility resulting dall'accreditamento global potential is running out, the market sentiment of investment is to remain largely positive in Hong Kong, support from strong economic fundamentals. The local investors have continued to dominate the market while institutional players estimate the market 'acetate and liquidity s. Transactions considerable dell'en office block in the third quarter included the sale of square Oterprise for HK $ 2.07 billion and a pile of 45% in the turret of AIG in a deal structured. Interest investment in Seoul 'districts s are important to remain intense in the third quarter, with many investors seeking properties transactions due to the limited supply of buildings on the market. However, the sales of Daewoo tower and the city of Seoul focus, both located in the CBD, new signs of reference values established for the capital. With the steep rise in capital values in important districts, investors increasingly have seen opportunities in areas including the secondary cities, Pangyo IT valley and Bundang-gu means of Sangam Digital. The series of macroeconomic measures and regolarici introduced to put the brake on investment activities through the end of June 2007 has not led to any significant reduction in the interest among overseas investors in China. In Beijing, hospitality assisted Singapore-based company Frasers of the residence bought a luxury residential project, the turret D of the OFFICE PARK, located in the centre of the CBD held land dell'Cino-Ocean for RMB 980 million. The Czech's ECM Real estate has bought the turret of the metropolis of 768,485 sf, which is turret C, the financial centre of Zhongguancun, for RMB 1.06 billion. Despite the government put an additional measure brake investment abroad in Real Estate, Shanghai 'market investment s is able to stay afloat in the third quarter. The occasions of real estate in China have invested approximately U.S. $ 708 million for buying a folder of mixed-use projects including the urban center in Changning and plaza central Huangpu Tian and Hong Kong-listed China investment and strategic investment capital has established a JV to buy the plaza news for U.S. $ 105 million. The other is greater Grosvenor 'included; un'aquisizione of s 28 on two floors housing the regency of Lakeville and the star peaceful and SEB' s purchase of the tower cross. Despite the continued macroeconomic control measures, the positive sentiment has prevailed in Guangzhou 'market investment s third quarter. The investment makes it attractive interest supported in the city's' office if fields per minute. The participation of overseas increased all'aquisizione and development of land and the growing financial strength of domestic companies have caused land prices rising, because the values record accommodation were paid in a number of districts over the quarter. A draft of the villa near Lake Nanhu second as reported was treated for RMB 2 billion on a block dell'en.

Wantanee Khamkongkaew