INRnews - Indian Real Estate & Property News

Hong Kong, February 21, 2007 - Citigroup Property Investors (CPI) today announced the final close of CPI Capital Partners Asia Pacific, L.P. The $1.29 billion Fund invests in real estate and real estate-related assets throughout the Asia Pacific region, with a primary focus on Greater China and India.

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Hong Kong, SAR, February 05, 2007 - According to real estate services firm Cushman & Wakefield, Hong Kong’s Grade ‘A’ office market continued to edge higher towards the finish of 2006 and January 2007. The non-Hong Kong island areas of Tsimshatsui and decentralised locations were the only areas to experience negative rental growth in the past 3 months.

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Hong Kong, SAR, January 31, 2007 - According to real estate services firm Cushman & Wakefield, two prime sites located in Hong Kong and Kowloon were auctioned respectively at the end of 2006. Sun Hung Kai paid HK$1.8 billion for a prime luxury residential site on The Peak, 134% higher than the reserve price of HK$768 million. Anecdotal evidence suggests this translates into the highest accommodation value in the world.

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