|
Global property markets by and large had a very positive Quarter 1, regardless of the chaotic equity markets. The UK continues to boom despite record levels of consumer debt and even the Australian market seems to be hardening. That said, high interest rates in markets such as these make the domestic currencies very strong and property markets very tight and have put significant pressure on cash flows resulting from property rentals.
The new EU entry markets of Bulgaria and Romania are seeing lots of action and confidence seems to be returning to Germany. Closer to home, Singapore's property rally continues and in Malaysia capital gains tax has been abolished (effective 1st April) which has driven a frenzy of buying as developers plan to increase prices by 10-20% imminently. The Vietnam market continues to receive huge inflows of foreign capital but with a lack of borrowing for residential real estate, it still represents a more expensive option. In Thailand, attention is now more focused on freehold condos due to the uncertainties of land ownership.
 Most analysts still believe Asia represents
the greatest value for real estate, although
South America and the bourgeoning economy
of Brazil are now on our radar also.
As you are aware, Intellectual Property is committed to educating people on the merits and risks of investing in emerging and developing property markets. Further to this, we provide advice and support to assist people gain access to these markets as well as unique investment opportunities suitable for their risk profile, budget and investment goals.
Intellectual Property continually searches for ‘hot’ up and coming property markets. Currently, we hold great confidence in the growth potential of real estate in Malaysia, Vietnam, Poland, Romania and Thailand (specifically Bangkok), and have released investment opportunities in each of these markets. In the coming two months we are visiting Tokyo, Bangkok, KL, Berlin, Frankfurt and Warsaw and expect that throughout 2007 we will continue to launch new projects provided that we can identify the best developments. Imminently, you can expect to see our 3rd development in Vietnam, this time in Danang!
In the meantime, please find below a brief synopsis of our current developments and an update on their progress:
| Project |
Land Title |
Financing |
Type |
Progress Notes |
Hampshire Residence,
Kuala Lumpur, Malaysia |
100%
Freehold |
80% |
High-end residential condo apartments;
Lettings & management by Ascott Serviced Managers;
Top-end furniture package incl. |
80% sold |
River Garden,
Ho Chi Minh City, Vietnam |
50 year
Leasehold |
n/a |
High-end residential condo apartments |
90% sold |
Aquaba,
Phan Thiet, Vietnam
|
50 year
Leasehold |
n/a |
High-end beach resort |
5 units left |
Prime Mansion,
Bangkok, Thailand |
100%
Freehold |
70% |
High-end residential condo apartments |
Launching 21st March |
West Park,
Bucharest, Romania |
100%
Freehold |
75% |
Upper-middle market residential apartments |
8 units left |
Eko Park,
Krakow, Poland |
100%
Freehold |
75% |
Upper-middle market residential apartments |
Sold out |
For further information on this topic please contact us
|
