Singapore developer Keppel Land (KLAN.SI) said on Thursday it has purchased a 17.2 hectare site in the Chinese city of Nantong for 1.04 billion yuan ($202.8 million). Keppel will develop lakefront residences in Nantong which is near Shanghai.

Keppel Land China, through its wholly-owned Singapore subsidiary, Merryfield Investment Pte Ltd, has secured a 17.2 hectare site within the main city of Nantong, Jiangsu province, for RMB 1.04 billion (S$ 202 million) for a lakefront residential development. Keppel Land China ’s maiden property development in Nantong is located in the established town centre of the state-level Nantong Economic & Technological Development Area (NETDA), now home to 50 of the Fortune 500 enterprises.
//sgxmasnet/
If 2011 is a recession year, I would be careful about having a long strategy at the start of the recession
epliew ( Date: 30-Dec-2010 09:23) Posted:
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Richman ( Date: 30-Dec-2010 09:17) Posted:
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Keppel Land buys site in China’s Nantong for $203m |
WRITTEN BY THOMSON REUTERS |
THURSDAY, 30 DECEMBER 2010 18:58 |
/theedge/i read i post/
Richman ( Date: 30-Dec-2010 09:17) Posted:
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I am going super long for this counter as I have missed to sell at $8.00 in year 2007.
Livermore ( Date: 29-Dec-2010 23:52) Posted:
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krisluke ( Date: 29-Dec-2010 23:29) Posted:
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krisluke ( Date: 29-Dec-2010 20:31) Posted:
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epliew ( Date: 10-Dec-2010 13:42) Posted:
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kepland bullish for its office portfolio, not much of its china properties...
cheers bro!
Asia's four little dragons - TAIWAN : )
Taiwan's economy is projected to grow a strong 4.5 percent in 2011 as its improving relations with the Chinese mainland will likely continue to bring major economic benefits to the island.
The prediction comes on the heel of 2010's remarkable 10-percent growth. Aside from a strong growth in exports, the launch of direct flights between the mainland and Taiwan and an increase in mainland tourists contributed to the rebound from the global financial crisis, Christina Liu, chairwoman of the island's economic planner, said yesterday.
Citing separate forecasts released by the International Monetary Fund, Liu said Taiwan's economy will slightly outperform South Korea, Singapore and Hong Kong - the three other fast-growing economies known as Asia's four little dragons - over the next five years, after lagging behind them during much of the last decade.
The IMF predicted in October that Taiwan will achieve growth rates of 4.4, 4.7, 4.9, 4.9 and 5 percent between 2011 and 2015.
Taiwan's economy grew at 3.8 percent on average between 2001 and 2008.
"The peaceful development and relaxation of trade restrictions across the Taiwan Strait were the most important first step" in bringing about the economic growth, Liu said.
Taiwan and Chinese mainland inked in June a wide-ranging trade deal - the Economic Cooperation Framework Agreement.
Source: Shanghai Daily
The number of super rich on China's mainland is expected to rise 16 percent this year thanks to the booming capital and property markets.
The mainland is estimated to have 383,000 individuals of high net worth this year, compared to 331,000 in 2009, according to the China Private Wealth Report 2010 released yesterday by Forbes China in association with China Construction Bank.
The report defines high net worth individuals as those with at least 10 million yuan (US$1.5 million) in investable assets, which excludes primary residences and assets of poor liquidity.
The number of such people on the Chinese mainland dropped to 249,000 in 2008 from 287,000 in 2007 as a result of the global financial crisis. However, ample liquidity - the result of the government's 4 trillion yuan stimulus package and fast rising money supply - triggered a rally in stock and house prices.
Though China is now tightening its monetary policy, the easing in Western nations may still see money and credit flooding to China's markets in the next quarter.
But China's super rich are facing a problem in maintaining the value of their assets, 60 percent of which are related to finance, the report said, adding that inflationary pressure and uncertainties in the property market and global economy will make wealth management more difficult in 2011.
The super rich are taking a bigger share in total investable assets held by all individuals in China, Forbes said.
The investable assets held by the super rich totaled 18.3 trillion yuan, or 21.4 percent of the nation's total, in 2009 and may reach 22.4 trillion yuan, or 22.4 percent of total, this year.
The bulk of the mainland's super rich were born in the 1960s and 1970s, with 11.8 percent born in the 1980s, the report said.
More than three quarters of them are men and more than 84 percent are married.
By industry, most of the super rich are in manufacturing and trade businesses, reflecting China's role as the world's factory. Some 12.3 percent are in the financial business and 11.6 percent in real estate, the report said.
By region, Guangdong Province is home to nearly 80,000 of the super rich, with Zhejiang in second place (40,000), followed by Jiangsu, Beijing, Shanghai and Fujian.
More than 60 percent of the super rich generated their wealth from running a business, and other main sources of wealth included salary, dividends, and investments in stock and property markets.
More than 75 percent are from private-sector companies.
Source: Shanghai Daily
krisluke ( Date: 10-Dec-2010 13:38) Posted:
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Alert as homes bubble worsens
Friday, December 10, 2010
A mainland government think-tank has warned that the country's real estate bubble is getting worse, with property prices in 35 leading cities overvalued by as much as 70 percent.
Prices in 11 cities including Beijing and Shanghai are between 30 and 50 percent above their market value, the China Daily said, citing the Chinese Academy of Social Sciences.
Fuzhou, capital of southeastern Fujian province, has the worst property bubble with average house prices more than 70 percent higher than their market value, according to the survey conducted in September.
The average price in the 35 cities surveyed is nearly 30 percent above market value, the report said.
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Property prices have remained stubbornly high despite the government adopting a slew of measures since April including hiking minimum downpayments to at least 30 percent and ordering banks not to provide loans for third home purchases.
Prices in 70 cities were up 0.2 percent in October from the previous month and 8.6 percent higher than a year ago, official data showed. Prices gained 0.5 percent month on month in September - the first rise since May.
Massive stimulus measures taken since 2008 to fend off the financial crisis injected huge amounts of liquidity in the market and have been blamed for fueling prices.
"The government target is not clear and policy is incoherent," CASS senior research Ni Pengfei was quoted as saying.
AGENCE FRANCE-PRESSE