The company plans to complete developments including the Green Bay Pluit superblock in North Jakarta and Kuningan City in South Jakarta, Indra Wijaya, vice president director of Agung Podomoro said.

Many Indonesian companies, including property developers, have been increasing investments for next year on expectations of growing demand by middle-income households as experts predict the Indonesian middle class to to double in size to almost 50 million in the next few years. Agung Podomoro has various property interests including detached homes, apartments, townhouses, shopping malls and projects known as “superblocks,” which combine these different types of development.Indonesia’s biggest property developers . . .

Even though Japan was the worst performer in Asia last year, with a gain of a mere 0.1 per cent, it is CBRE’s main market in the region, with US$2bn invested in office buildings, residential developments, retail and industrial space. Japan has since then upgraded by market observers to be be a safer market at a time when many in the region decline.

China will be another focal point for the group with an estimated investment accounting for 20 per cent of the portfolio, or US$2bn. The group has already invested around US$1bn in China, with an equity of US$300mn because it has invested mainly in residential projects through joint ventures, which build to sell.

The intended growth in Asia is due to the fact that CBRE Global currently has only 5 per cent of its capital in the region, which accounts for around 27 per cent of property deals.

The Bangkok floods have caused developers and property firms to re-evaluate their strategies for next year. The floods affected 300,000 homes in Bangkok and the surrounding areas. Many developers believe the City Planning Department of the Bangkok Metropolitan Administration (BMA) must include proper floodways in residential areas in the new plans.

Property firms have learnt from the floods and they are revising their construction processes, designing homes which can withstand floods and spending more on landfill to raise houses above flood level. The increased use of landfill in flood hit areas will raise construction costs by 1.5 per cent for detached houses and 3 per cent for townhouses.

Pruksa Real Estate have lowered their projected revenue target for this year from THB30 billion (US$960 million) to between THB22 billion (US$704 million) and THB24 billion (US$768 million) according to The Nation.
Business Housing Association president Issara Boonyoung, who owns Kanda Group, agreed that the BMA had to take flood prevention into account before releasing the new plans.
“This is not only for property firms to manage their residential projects. This is necessary for home-buyers to know which locations are safe from floods,” he said.

According to REIC figures, the Greater Bangkok property market will drop by 10 to 20 per cent this year because of the floods. The number of new condominiums in Greater Bangkok will be 24 to 31 per cent lower this year compared to last year, from 66,000 units in 2010 to 45,000-50,000 units in 2011. The number of new low-rise detached houses, duplexes and townhouse will drop by 7 to 16 per cent from 54,000 units last year to 45,000 to 50,000 this year.Property and construction firms.

Instead, the feedback from the young owners has been both negative and concerned, with some worried about the indication that flat sizes of Interior design would remain small or shrink even further.

Some of the negativity has also stemmed from high pricing and location issues, but also due to the fact that most of these young owners had grown up in family flats which were much bigger.

The land-scarce Singapore is turning out to be too expensive for the younger generations to enjoy their life – with luxuries such as owning a car becoming increasingly unobtainable for most citizens. With a current living space per person being close to that in a developing country, the logic behind the questions raised by the disgruntled young owners seems sound. Interior Design Tips for comment bellow, please. . .

The report says sentiment is less upbeat for Q4, across all indicators, and continues to be most negative in peripheral Europe.

The Asian component of the survey highlights three points:
Investors continue to crowd the Chinese and Hong Kong markets with investment transactions and capital value expectations increasing at a rapid rate.

Occupier markets in China are still amongst the strongest in the world with Hong Kong also performing well.
In Q3, Malaysia and Singapore have seemed comparatively downbeat with investor interest flagging and rental values expected to fall.

According to the survey, sentiment towards commercial real estate in China remained resilient in the third quarter of the year according to the most recent RICS Global Property Survey, despite reports of difficulties being faced by some developers. Hong Kong has also held up relatively well. However investment and occupier demand in other key Asian markets was rather softer than in Q2. Investment transactions in China were once again near the top of the global comparison table, suggesting that they continue to increase at a faster rate than elsewhere in the world. However, expected transactions in Singapore and Malaysia were considerably more downbeat.

In China, lending conditions have become increasingly restrictive to prevent the property markets overheating. Nevertheless, investment demand and transaction expectations are continuing to rise (with net balances of + 36 and +43 respectively). This is contributing to the steady increases in capital value expectations. In Hong Kong, the net balance of investor demand and transaction levels remain in positive territory with expectations of capital value growth still outpacing global counterparts. By contrast, in Singapore and Malaysia, investor interest has slipped dramatically with the net balances for investor demand and transaction levels falling into negative territory.