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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Shanghai, January 31, 2007 - Real estate services firm Cushman & Wakefield reports that The Hongqiao Transit Hub to be operational in 2010 will occupy an area as big as 26 sq km and will connect Shanghai’s two international airports as well as being an interchange for all major transport lines. In addition to this, it will considerably improve the retail space in Shanghai’s airports.

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Shanghai, January 31, 2007 - According to latest research from Cushman & Wakefield, the leasing performance of the Shanghai Grade ‘A’ office market remains strong in the 4th quarter. With limited supply and large demand generated by the aggressive expansion plans of MNC’s into China, the rental rate keeps rising at a stable rate, and vacancy rates remain at a low level.

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Shanghai, January 31, 2007 - Thanks to Shanghai’s sound international business environment and continuous demand from MNCs’ expatriate families, the rental rate of Shanghai’s high-end residential market continues to rise in the 4th quarter. According to latest research from Cushman & Wakefield, the monthly rent of serviced apartments has already reached US$23.09 /sqm, whilst the villa rent achieved US$23.68 per/sqm - 2.62% and 2.51% higher than that of the last quarter respectively. In the meantime, Shanghai is the only one out of the 70 major Chinese cities seeing a decline in average housing price, with a slight decrease of 1.1%.

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