City Scape

The Knowledge Reports Nanjing Office and Retail Property Markets Jun 30 2008 Nanjing's strong services sector has been one signifi cant factor underpinning the city's commercial real estate market development. But this has been grossly overlooked in the past. Future development of the city's offi ce market will leverage on its provincial capital status, drawing demand from both domestic and foreign enterprises. Meeting these demand, the completions of several Grade A offi ce buildings in due course will see notable upgrading of the offi ce market.
Source: Colliers International Property Consultant (Shanghai) Co. Ltd.

Abu Dhabi Real Estate Overview Q2 2008 Jun 30 2008 Rapid growth of real estate and construction sector over the past three years driven by benign economic conditions and regulatory reform governing property ownership.
Source: Colliers International

Doha Real Estate Overview Q2 2008 Jun 30 2008 Third largest gas reserves in the world and a small population has driven GDP Per Capita to over US$ 70,000 Huge resource revenue base provides foundation for economic diversification initiatives Continued attraction of skilled and unskilled labour from abroad is critical
Source: Colliers International

Dubai Real Estate Overview Q2 2008 Jun 30 2008 Dubai GDP continues robust growth pattern, driven by economic diversification and non-oil GDP growth.
Source: Colliers International

UAE Cement Sector - Mixed Singals - June 2008 Jun 30 2008 UAE accounts for most of the ongoing and planned infrastructure projects among the GCC countries, amounting to an estimated over US$700bn in investments over the next few years. The infrastructure projects being planned in the UAE, many of which are still on the drawing board will see that the construction activity would continue to be brisk for quite some time.
Source: Global Investment House

India Report - Airport Realty Taking Off May 31 2008 India's emergence as a business destination as awell as a tourist hub for international travellers is increasingly reflected in the stupendous growth in air travel in the country, inbound as well as outbound. This increase is supported by a multitude of factors, including India's increased purchasing power, entry of budget airlines and an open skies policy that has enabled domestic airlines to fly international sectors, thereby increasing competition and resulting in fare wars. This exponential growth can further be maintained or boosted by the Airports Authority of India (AAI), by increasing the number of airports in the country, providing better connectivity to overall airport network and feeding international network through hub/metro airports.
Source: Cushman & Wakefield India Private Limited

Global Market Rents May 2008 May 31 2008 It has not been an easty time. Global economies have been buffeted by three significant events leading to an economic slowdown toward the end of first quarter 2008: the disruption in the credit and financial institutional markets in North America; surging energy prices, which affect countries that are net energy consumers; and soaring food prices worldwide, which disproportionately affect developing countries where a larger share of GDP is spent on food. Together, these shocks turned a soaring global economy to one of widespread concern.
Source: CB Richard Ellis (Thailand) Co. Ltd.

On point Economic Insight May 31 2008 According to the National Association of Software and Services Companies (NASSCOM), the Indian IT industry recorded a 30.7% growth in its revenue to USD 39.6 billion in 2006-2007. This exceeded the projected 27% growth for that year on account of buoyant growth in exports and strong domestic demand. The NASSCOM Strategic Review 2007 states that the IT sector will earn USD 60 billion in exports by March 2010, an increase from the 3% share of the GDP to about 7%. This projected growth will translate to direct employment of about 2.3 million and indirect employment of another 6.5 million workers by 2010, translating to demand for Grade A office space. Thus, the IT industry continues to remain as the major demand driver for Grade A office space in the country.
Source: Jones Lang LaSalle Meghraj - India

Water scarcity and its implications for land management: some lessons from Australia May 16 2008 While much of the debate on sustainability and climate change has focused on energy-related issues, with much attention being placed on the need for a global reduction in carbon emissions, it’s important not to forget that there are likely to be other impacts of climate change that are inevitably going to take place and therefore the need for other changes in our behaviour, over and above simply our use of energy. Another key area is our use of water. This is an issue that is now getting greater attention and we’re now coming to realise that the easy access to water that we have enjoyed in many developed countries we can no longer take for granted.
Source: Royal Institution of Chartered Surveyors

India Construction Sector - Growing at a rapid race - May 2008 May 1 2008 India is fast emerging as key growth driver of world economy on the back of structural changes in the economy. Strong investment boom, favorable regulatory policies, rapidly growing middle class and emergence as low cost manufacturing destination has led to accelerated economic growth. India’s GDP growth rates are the highest among the major economies of the world. The gross domestic product (GDP) from construction activity at constant (1999-2000) prices has increased from Rs.1,052bn in FY2000 to Rs.1,775bn in FY2006. According to recent estimates by the Central Statistical Organisation (CSO), GDP from construction sector is expected to increase 9.4% during FY2007 to around Rs.1,941.84bn. The GDP growth from construction has increased at a faster rate than the overall growth in real GDP. As a result, the share of construction in real GDP has increased from 5.9% in FY2000 to an estimated 6.8% in FY2007.
Source: Global Investment House