Malaysia Property Incorporated (MPI) is a government initiative established to promote real estate investment in Malaysia. MPI connects foreign investors with Malaysian real estate industry players to facilitate investment. MPI publishes the Property Quotient, a newsletter covering Malaysian property market news and analysis. Crowdfunding is presented as a new method of real estate investment that offers advantages over traditional approaches. It allows investors of all capital levels to invest in private real estate deals and benefit from direct property ownership with lower initial costs. However, crowdfunding also carries risks for investors.
Rusmin Lawin is a respected young leader in Indonesia who owns a development company. He has played significant roles connecting the real estate industries of Malaysia and Indonesia.
The document discusses the growth of Indonesia's real estate market, driven by factors like achieving investment grade status, relaxing foreign ownership restrictions, high economic growth rates, and infrastructure development plans. It predicts the commercial real estate sector, especially retail and office space, will see rising rents and continued strong performance over the next few years.
The document summarizes a panel discussion about investing opportunities for Ugandans in the diaspora. The panelists, which included government officials and financial experts, discussed the developing nature of Uganda's financial markets and highlighted investment opportunities such as government bonds, the stock market, and a future diaspora bond. They argued that Uganda presents a low-risk investing environment and emphasized the government's commitment to developing the financial system and protecting investors.
Mongolia Development Resources (MDR) is a real estate property developer in Mongolia that specializes in helping domestic and foreign investors invest in property development projects, especially housing. In 2011, MDR's net income grew to over 1.18 billion MNT compared to 1 billion MNT in 2010. Total assets also grew to 17.5 billion MNT. MDR currently holds 3.75 thousand square meters of residential and retail property valued at 7.51 billion MNT. In 2012, MDR targeted completing an ongoing project, expanding its land bank, and investing over 4 billion MNT to develop new real estate projects with local and international partners.
You are welcome to review our Q4 2012 Lagos Real Estate Investment Report. MCORE is a project finance company focused on providing financing, investment, management and trading services to the real estate, construction, infrastructure, energy and commodity sectors.
58 65 cover story EPC Age Magazine in 2008Remona Divekar
The real estate market in India is facing a downturn due to a liquidity crunch and rising interest rates. Developers are facing falling sales, price corrections, and a shortage of funds as banks have tightened lending. The Reserve Bank of India's recent interest rate hikes have increased the cost of home loans substantially. Many large developers are facing a 50-70% cash shortfall. While construction financing is still available from banks, land financing has become difficult. Experts expect the market to see a 5-15% price correction and a further slowing of demand over the next 18-24 months until inflation is controlled and interest rates stabilize. The downturn may force some smaller and weakly capitalized developers out of business.
The emergence of sukuk (Islamic bonds) has become an important development in Islamic capital markets globally and in Southeast Asia in particular. However, in Oman, sukuk have not taken off yet due to the nascent Islamic banking industry. The success of the anticipated Omani government sovereign sukuk issue and Meethaq Bank's planned sukuk program will determine whether sukuk become a major new source of funding in Oman in the future.
Rusmin Lawin is a respected young leader in Indonesia who owns a development company. He has played significant roles connecting the real estate industries of Malaysia and Indonesia.
The document discusses the growth of Indonesia's real estate market, driven by factors like achieving investment grade status, relaxing foreign ownership restrictions, high economic growth rates, and infrastructure development plans. It predicts the commercial real estate sector, especially retail and office space, will see rising rents and continued strong performance over the next few years.
The document summarizes a panel discussion about investing opportunities for Ugandans in the diaspora. The panelists, which included government officials and financial experts, discussed the developing nature of Uganda's financial markets and highlighted investment opportunities such as government bonds, the stock market, and a future diaspora bond. They argued that Uganda presents a low-risk investing environment and emphasized the government's commitment to developing the financial system and protecting investors.
Mongolia Development Resources (MDR) is a real estate property developer in Mongolia that specializes in helping domestic and foreign investors invest in property development projects, especially housing. In 2011, MDR's net income grew to over 1.18 billion MNT compared to 1 billion MNT in 2010. Total assets also grew to 17.5 billion MNT. MDR currently holds 3.75 thousand square meters of residential and retail property valued at 7.51 billion MNT. In 2012, MDR targeted completing an ongoing project, expanding its land bank, and investing over 4 billion MNT to develop new real estate projects with local and international partners.
You are welcome to review our Q4 2012 Lagos Real Estate Investment Report. MCORE is a project finance company focused on providing financing, investment, management and trading services to the real estate, construction, infrastructure, energy and commodity sectors.
58 65 cover story EPC Age Magazine in 2008Remona Divekar
The real estate market in India is facing a downturn due to a liquidity crunch and rising interest rates. Developers are facing falling sales, price corrections, and a shortage of funds as banks have tightened lending. The Reserve Bank of India's recent interest rate hikes have increased the cost of home loans substantially. Many large developers are facing a 50-70% cash shortfall. While construction financing is still available from banks, land financing has become difficult. Experts expect the market to see a 5-15% price correction and a further slowing of demand over the next 18-24 months until inflation is controlled and interest rates stabilize. The downturn may force some smaller and weakly capitalized developers out of business.
The emergence of sukuk (Islamic bonds) has become an important development in Islamic capital markets globally and in Southeast Asia in particular. However, in Oman, sukuk have not taken off yet due to the nascent Islamic banking industry. The success of the anticipated Omani government sovereign sukuk issue and Meethaq Bank's planned sukuk program will determine whether sukuk become a major new source of funding in Oman in the future.
The document provides details on selecting a portfolio of 10 BSE Sensex companies with a total investment of Rs. 10,00,000 based on analysis to identify stocks that will provide the best returns over 1-2 years. It describes performing fundamental analysis on company financials and market conditions, technical analysis of stock trends, and sector analysis. A portfolio is presented with investments in 8 companies totaling Rs. 10,00,000 that was selected after analyzing each company and sector trends like banking, using factors like growth prospects, government policies, macroeconomic indicators, and global economic conditions.
The document summarizes recent Sri Lankan economic and business news. It reports that Commercial Bank of Sri Lanka announced a Rs. 9.7 billion rights issue to increase capital. Sri Lanka aims to achieve an investment grade credit rating of BBB by 2014 to borrow at lower rates. Tourism in Sri Lanka is more expensive than competitors like Thailand and Indonesia. Sri Lanka will introduce a new consumer price index with updated weights and categories.
The document discusses the future of the global financial system. It talks about how the global financial system can reinforce sustained economic growth and development while also addressing vulnerabilities revealed by the global financial crisis. Specific topics discussed include foreign direct investment in India, capital markets, and GDP of India. India's GDP growth rate was reported at 7.3% for the third quarter of 2016.
Singapore has a strong banking sector that serves as an international financial center. There are 108 foreign banks and 6 local banks that dominate the banking scene in Singapore. These banks offer various lending products including residential and commercial real estate lending, loans on insurance policies, and consumer loans. Total bank lending in Singapore has been rising in recent years, with increases in lending to businesses, consumers, and sectors like agriculture and mining. However, lending growth rates are expected to slow due to measures to curb the property and car markets, though consumer lending is still expected to increase overall.
Indian Banking entering the new era of Basil III and Financial InclusionAnmol Narang
The document discusses non-performing assets (NPAs) in the Indian banking sector and how upcoming Basel III regulations and financial inclusion efforts will impact the sector. It provides details on how NPAs are classified and calculated. Global NPA levels are compared, showing they are not solely correlated with GDP and are influenced more by economic conditions and policies. Factors influencing Indian NPAs are analyzed, such as GDP growth, exchange rate fluctuations, and stock market performance.
Talent Development in the Islamic Finance Industry--Is It Really Necessary? (...Joy Abdullah
More and more educational institutions, around the world, are offering degree programs and diplomas in Islamic Finance and banking. This is a good sign as it indicates that the growing global Islamic finance industry has a rising demand for competent and trained talent. Why, therefore, are graduates struggling to find jobs after qualifying?
Is Talent Development needed or not?
This document provides an overview of money markets in Nigeria and India. It defines what a money market is and discusses some of the major participants and instruments in the Nigerian money market, including treasury bills, certificates, commercial papers, and more. It also outlines the key regulators of the Nigerian and Indian money markets and provides a brief comparison of the two markets.
This document summarizes the debate around India issuing sovereign bonds for the first time. It notes that India already has high levels of domestic debt totaling Rs. 350-400 lakh crore. Issuing dollar-denominated sovereign bonds would expose India to currency and inflation risks given its lower-medium credit rating. While sovereign bonds could raise large funds, India may struggle to find projects that generate enough return to pay the estimated 6-7% coupon rate required due to these risks. The document argues for reforms like reducing government ministries, increasing foreign portfolio investment limits, and privatizing some state projects before relying too heavily on sovereign bonds.
The Indian equity markets closed flat last week. Private sector banks like ICICI Bank and HDFC Bank reported good quarterly results, while public sector banks like Punjab National Bank and Bank of Baroda reported poor results. The Reserve Bank of India will announce its monetary policy decision this week, and is expected to cut the cash reserve ratio but may not cut interest rates due to higher inflation in September. Younger ministers were appointed to the Indian cabinet in a reshuffle to give the government a new image ahead of upcoming elections.
The document discusses the performance of the Indian stock market in November 2021. It notes that foreign institutional investors sold around 39,000 crores worth of stocks, which was partially offset by purchases of around 30,000 crores by domestic institutions. The Nifty and Sensex indexes declined around 5% for the month. It also mentions the new Omicron variant is making the market nervous and volatile in the coming days. Investors are advised to remain invested in equities for long-term growth and consider dynamic asset allocation funds for better risk management.
-YEAR For Stock Pickers
-Market Indicators - Check
the important numbers
-Digitization of the Economy was the predominant theme during CY21
and indicators of the
month
The document provides advice to an investor who invested $100k in the Nigerian stock market in 2015 and has seen the value of their portfolio decline to less than $40,000 due to currency fluctuations and market performance. The advisor notes that a 150% return would be required to recover the original dollar value and that exiting the market now to cut further losses may be preferable to waiting and risking an even greater loss. They suggest the investor consider their risk tolerance and that only a highly optimistic investor would expect a quick rebound of the Nigerian stock market given current economic conditions.
The document provides background information on India's 2016 demonetization of 500 and 1000 rupee banknotes. It discusses the economic and political context for the move, details of the announcement including exchange procedures, allegations of prior information leaks, and impacts on the population.
This document provides an overview of the Pakistani banking sector in 2013. It contains several articles and interviews on topics related to economics, finance, and banking in Pakistan. The editor's note provides commentary on the State Bank of Pakistan's economic review and monetary policies. It questions whether sufficient monitoring of the financial market has occurred and why credit growth has failed to support SMEs and regional development. The banking sector has shown strong performance but economic growth has been sluggish since 2007. Overall, the document examines issues facing the banking industry and economy in Pakistan.
The document is a newsletter from Wallet Finserve Pvt Ltd providing information on investments and personal finance.
It discusses that 2022 may see a focus on stock picking over broad market rallies. Digitization is highlighted as a top investment theme, with examples of digital companies that had successful IPOs in 2021. The newsletter also provides market indicators for the month and an inspiring case story of an investor who reached his investment goal of 1 crore rupees through disciplined SIP investments over 10 years. It concludes with suggestions for new year investment resolutions, including choosing an investment advisor, diversifying one's portfolio, and regularly rebalancing.
The document provides an overview of domestic and global macroeconomic news and market developments from November 5-9, 2012. Some key points include:
- Barack Obama was re-elected as US President, which is positive for emerging markets and global liquidity.
- In India, Obama's re-election means continued US monetary easing and positive impact on the Indian equity market.
- IIP numbers in India were expected to be slightly better than the previous month but actually declined unexpectedly.
- Other domestic news included allowing more foreign investment in debt and issuing more bonds to fund the fiscal deficit.
- Global news included the Eurozone economy still not recovering and a smaller than expected US trade gap
Much is being expected from the first union Budget to be presented by the new UPA government’s Finance Minister, Pranab Mukherjee. The current slowdown has raised expectations among businessmen that this budget will do something to help the economy get back to its 8 per cent-plus growth rates. Meanwhile, the constant references to inclusive growth by various ministers have made most anticipate a huge increase in social sector expenditure. The fiscal situation is not particularly pretty, but there is a school of thought that says one can ignore fiscal deficits in order to promote economic growth. In theory, the Union Budget is supposed to be nothing more than a statement of the government’s proposed expenditure and revenues for the year ahead. In practice, many finance ministers have used the budget speech to signal policy changes and reforms. What will this year’s budget look like? Four senior economists and policy watchers — Pronab Sen, chief statistician & secretary, Ministry of Statistics & Programme Implementation, Omkar Goswami, chairman of CERG Advisory,Abheek Barua, chief economist, HDFC Bank and Laveesh Bhandari, director of Indicus Analytics, debated the issues before the government for over an hour and a half with BW’s Prosenjit Datta and Rajeev Dubey.
The document summarizes news from Mongolia's Business Council newsletter. It discusses optimism from an investment forum highlighting Mongolia's growth. It also mentions a bank issuing bonds, a mining company urging shareholders to accept an offer, Canadian miners seeing potential in Mongolia, and a company submitting a uranium reserve calculation to the Mongolian government for approval. Politics and the economy were also briefly touched on.
The newsletter provides an overview of the stock market performance from the previous Diwali to the current Diwali. It notes that the Nifty grew 45% and Sensex grew 41% over this period. While most analysts believe the bull run will continue for the next 4-5 years, returns may not remain as high and investors should focus on choosing the right mix of stocks and funds. The newsletter discusses ESG funds, flexicap funds, and business cycle funds as good investment options. It also profiles an inspiring case study of an individual who achieved his financial goal of Rs. 1 crore by consistently investing in SIPs over 10 years. The newsletter emphasizes managing emotions and remaining invested in equities through this market rally
Este documento clasifica a las personas en cuatro categorías según su relación con la tecnología digital: nativos, inmigrantes, visitantes y residentes. Los nativos digitales han crecido con la tecnología y hablan con fluidez el idioma digital. Los inmigrantes adoptaron la tecnología más tarde en sus vidas y mantienen cierto acento de su origen pasado. Los visitantes usan la web solo para obtener información confiable mientras que los residentes construyen parte de su vida online y poseen una identidad digital.
The document provides details on selecting a portfolio of 10 BSE Sensex companies with a total investment of Rs. 10,00,000 based on analysis to identify stocks that will provide the best returns over 1-2 years. It describes performing fundamental analysis on company financials and market conditions, technical analysis of stock trends, and sector analysis. A portfolio is presented with investments in 8 companies totaling Rs. 10,00,000 that was selected after analyzing each company and sector trends like banking, using factors like growth prospects, government policies, macroeconomic indicators, and global economic conditions.
The document summarizes recent Sri Lankan economic and business news. It reports that Commercial Bank of Sri Lanka announced a Rs. 9.7 billion rights issue to increase capital. Sri Lanka aims to achieve an investment grade credit rating of BBB by 2014 to borrow at lower rates. Tourism in Sri Lanka is more expensive than competitors like Thailand and Indonesia. Sri Lanka will introduce a new consumer price index with updated weights and categories.
The document discusses the future of the global financial system. It talks about how the global financial system can reinforce sustained economic growth and development while also addressing vulnerabilities revealed by the global financial crisis. Specific topics discussed include foreign direct investment in India, capital markets, and GDP of India. India's GDP growth rate was reported at 7.3% for the third quarter of 2016.
Singapore has a strong banking sector that serves as an international financial center. There are 108 foreign banks and 6 local banks that dominate the banking scene in Singapore. These banks offer various lending products including residential and commercial real estate lending, loans on insurance policies, and consumer loans. Total bank lending in Singapore has been rising in recent years, with increases in lending to businesses, consumers, and sectors like agriculture and mining. However, lending growth rates are expected to slow due to measures to curb the property and car markets, though consumer lending is still expected to increase overall.
Indian Banking entering the new era of Basil III and Financial InclusionAnmol Narang
The document discusses non-performing assets (NPAs) in the Indian banking sector and how upcoming Basel III regulations and financial inclusion efforts will impact the sector. It provides details on how NPAs are classified and calculated. Global NPA levels are compared, showing they are not solely correlated with GDP and are influenced more by economic conditions and policies. Factors influencing Indian NPAs are analyzed, such as GDP growth, exchange rate fluctuations, and stock market performance.
Talent Development in the Islamic Finance Industry--Is It Really Necessary? (...Joy Abdullah
More and more educational institutions, around the world, are offering degree programs and diplomas in Islamic Finance and banking. This is a good sign as it indicates that the growing global Islamic finance industry has a rising demand for competent and trained talent. Why, therefore, are graduates struggling to find jobs after qualifying?
Is Talent Development needed or not?
This document provides an overview of money markets in Nigeria and India. It defines what a money market is and discusses some of the major participants and instruments in the Nigerian money market, including treasury bills, certificates, commercial papers, and more. It also outlines the key regulators of the Nigerian and Indian money markets and provides a brief comparison of the two markets.
This document summarizes the debate around India issuing sovereign bonds for the first time. It notes that India already has high levels of domestic debt totaling Rs. 350-400 lakh crore. Issuing dollar-denominated sovereign bonds would expose India to currency and inflation risks given its lower-medium credit rating. While sovereign bonds could raise large funds, India may struggle to find projects that generate enough return to pay the estimated 6-7% coupon rate required due to these risks. The document argues for reforms like reducing government ministries, increasing foreign portfolio investment limits, and privatizing some state projects before relying too heavily on sovereign bonds.
The Indian equity markets closed flat last week. Private sector banks like ICICI Bank and HDFC Bank reported good quarterly results, while public sector banks like Punjab National Bank and Bank of Baroda reported poor results. The Reserve Bank of India will announce its monetary policy decision this week, and is expected to cut the cash reserve ratio but may not cut interest rates due to higher inflation in September. Younger ministers were appointed to the Indian cabinet in a reshuffle to give the government a new image ahead of upcoming elections.
The document discusses the performance of the Indian stock market in November 2021. It notes that foreign institutional investors sold around 39,000 crores worth of stocks, which was partially offset by purchases of around 30,000 crores by domestic institutions. The Nifty and Sensex indexes declined around 5% for the month. It also mentions the new Omicron variant is making the market nervous and volatile in the coming days. Investors are advised to remain invested in equities for long-term growth and consider dynamic asset allocation funds for better risk management.
-YEAR For Stock Pickers
-Market Indicators - Check
the important numbers
-Digitization of the Economy was the predominant theme during CY21
and indicators of the
month
The document provides advice to an investor who invested $100k in the Nigerian stock market in 2015 and has seen the value of their portfolio decline to less than $40,000 due to currency fluctuations and market performance. The advisor notes that a 150% return would be required to recover the original dollar value and that exiting the market now to cut further losses may be preferable to waiting and risking an even greater loss. They suggest the investor consider their risk tolerance and that only a highly optimistic investor would expect a quick rebound of the Nigerian stock market given current economic conditions.
The document provides background information on India's 2016 demonetization of 500 and 1000 rupee banknotes. It discusses the economic and political context for the move, details of the announcement including exchange procedures, allegations of prior information leaks, and impacts on the population.
This document provides an overview of the Pakistani banking sector in 2013. It contains several articles and interviews on topics related to economics, finance, and banking in Pakistan. The editor's note provides commentary on the State Bank of Pakistan's economic review and monetary policies. It questions whether sufficient monitoring of the financial market has occurred and why credit growth has failed to support SMEs and regional development. The banking sector has shown strong performance but economic growth has been sluggish since 2007. Overall, the document examines issues facing the banking industry and economy in Pakistan.
The document is a newsletter from Wallet Finserve Pvt Ltd providing information on investments and personal finance.
It discusses that 2022 may see a focus on stock picking over broad market rallies. Digitization is highlighted as a top investment theme, with examples of digital companies that had successful IPOs in 2021. The newsletter also provides market indicators for the month and an inspiring case story of an investor who reached his investment goal of 1 crore rupees through disciplined SIP investments over 10 years. It concludes with suggestions for new year investment resolutions, including choosing an investment advisor, diversifying one's portfolio, and regularly rebalancing.
The document provides an overview of domestic and global macroeconomic news and market developments from November 5-9, 2012. Some key points include:
- Barack Obama was re-elected as US President, which is positive for emerging markets and global liquidity.
- In India, Obama's re-election means continued US monetary easing and positive impact on the Indian equity market.
- IIP numbers in India were expected to be slightly better than the previous month but actually declined unexpectedly.
- Other domestic news included allowing more foreign investment in debt and issuing more bonds to fund the fiscal deficit.
- Global news included the Eurozone economy still not recovering and a smaller than expected US trade gap
Much is being expected from the first union Budget to be presented by the new UPA government’s Finance Minister, Pranab Mukherjee. The current slowdown has raised expectations among businessmen that this budget will do something to help the economy get back to its 8 per cent-plus growth rates. Meanwhile, the constant references to inclusive growth by various ministers have made most anticipate a huge increase in social sector expenditure. The fiscal situation is not particularly pretty, but there is a school of thought that says one can ignore fiscal deficits in order to promote economic growth. In theory, the Union Budget is supposed to be nothing more than a statement of the government’s proposed expenditure and revenues for the year ahead. In practice, many finance ministers have used the budget speech to signal policy changes and reforms. What will this year’s budget look like? Four senior economists and policy watchers — Pronab Sen, chief statistician & secretary, Ministry of Statistics & Programme Implementation, Omkar Goswami, chairman of CERG Advisory,Abheek Barua, chief economist, HDFC Bank and Laveesh Bhandari, director of Indicus Analytics, debated the issues before the government for over an hour and a half with BW’s Prosenjit Datta and Rajeev Dubey.
The document summarizes news from Mongolia's Business Council newsletter. It discusses optimism from an investment forum highlighting Mongolia's growth. It also mentions a bank issuing bonds, a mining company urging shareholders to accept an offer, Canadian miners seeing potential in Mongolia, and a company submitting a uranium reserve calculation to the Mongolian government for approval. Politics and the economy were also briefly touched on.
The newsletter provides an overview of the stock market performance from the previous Diwali to the current Diwali. It notes that the Nifty grew 45% and Sensex grew 41% over this period. While most analysts believe the bull run will continue for the next 4-5 years, returns may not remain as high and investors should focus on choosing the right mix of stocks and funds. The newsletter discusses ESG funds, flexicap funds, and business cycle funds as good investment options. It also profiles an inspiring case study of an individual who achieved his financial goal of Rs. 1 crore by consistently investing in SIPs over 10 years. The newsletter emphasizes managing emotions and remaining invested in equities through this market rally
Este documento clasifica a las personas en cuatro categorías según su relación con la tecnología digital: nativos, inmigrantes, visitantes y residentes. Los nativos digitales han crecido con la tecnología y hablan con fluidez el idioma digital. Los inmigrantes adoptaron la tecnología más tarde en sus vidas y mantienen cierto acento de su origen pasado. Los visitantes usan la web solo para obtener información confiable mientras que los residentes construyen parte de su vida online y poseen una identidad digital.
Dokumen tersebut membahas tentang amalan-amalan pada bulan Ramadhan meliputi salat Tarawih, salat Witir, dan amalan lainnya seperti qiyamulail, tadarus Al-Quran. Dijelaskan hukum dan cara melaksanakan salat Tarawih dan Witir serta keutamaannya. Juga disebutkan beberapa amalan baik lainnya yang dapat dilakukan selama bulan suci Ramadhan.
The company has decided to expand its staff by creating a new development department due to an overwhelming amount of work. Mr. Egbert Kap will lead this department as the development engineer and will be responsible for engineering new products, with an initial focus on logistics, gas treatment, and flat screen recycling. The company has also developed technology to make its degassing machines independent of ambient temperatures, which will help ensure consistent condensation efficiency regardless of outside conditions.
1. The lesson plan introduces the one-act play "The Princess on the Road" by Kathleen Conyngham Greene. It focuses on a princess who faces discrimination when she disguises herself as a peasant girl to experience life outside the palace.
2. The plan aims to develop students' understanding of gender issues, critical thinking skills, and ability to analyze literary texts. Students will learn new vocabulary, comprehend the central theme, and develop character sketches.
3. Activities include reading the play individually and in groups, discussing comprehension, referring to a glossary for difficult words, answering scaffolding questions, and writing descriptions from the perspective of characters.
News from NNPDF: new data and fits with intrinsic charmjuanrojochacon
Juan Rojo presented recent work by the NNPDF collaboration including: 1) inclusion of the final HERA legacy dataset which provides a moderate reduction in PDF uncertainties, 2) inclusion of new LHC data which constrains the large-x gluon PDF, and 3) ongoing work to perform fits with intrinsic charm and investigate implications for LHC phenomenology.
Når et kvalitetsbrand tilbyder e-handel: Om Irma-brandets digitale udfoldelse på Irma.dk
Når man som et velkendt kvalitetsbrand begiver sig ud med den krævende disciplin at skabe en ehandelsløsning, der lever op til kundernes forventninger, så kræver det et stærkt fokus på og forståelse for de væsentlige detaljer i løsningen, der underbygger kvalitetsfølelsen. Kom og hør konkrete eksempler på, hvordan der på Irma.dk visuelt, interaktionsmæssigt og teknisk er arbejdet med at skabe en digital indkøbsoplevelse med lidt ekstra krydderi.
Professor Lidenbrock discovers a coded message describing a way to travel to the center of the Earth. He and his nephew Axel, along with their guide Hans, enter a volcanic crater in Iceland and have several adventures as they journey underground, facing dangers and seeing prehistoric life. They eventually blast through a rock blockade, which causes a flood that sweeps them down into a volcanic vent. They are ejected from the vent on the island of Stromboli, having traveled over 3,000 miles inside the Earth.
This document provides an overview of Aga Khan University Hospital (AKUH) in Karachi, Pakistan. It details AKUH's vision, mission, values and culture which emphasize quality, relevance, impact and access in healthcare. The document describes AKUH's facilities, purpose as a philanthropic teaching hospital, organizational structure, training programs, competitors, operating regions, finances, hierarchies, goals, challenges and strategic plan. It conducts a SWOT analysis and concludes with achievements and recommendations to further AKUH's mission.
This document discusses performance management at Agha Khan Hospital in Pakistan. It begins with definitions of performance management and why organizations need to measure performance. It then provides an overview of the hospital, including its mission, vision, and philosophy. Several key performance indicators are examined, such as warehouse fill rates, patient satisfaction, and medical record documentation. The document concludes that while the hospital provides an outstanding work environment, it needs to improve staff awareness, develop a new performance management model, and ensure quality standards are known and practiced by all to increase efficiency and patient satisfaction.
KMC MAG Group is pleased to present to you the Metro Manila Property Outlook for 2015, which offers the latest data, research, and forecast on the Philippines' top central business districts (CBDs) and emerging CBDs in Metro Manila. Some of the report's highlights:
With a GDP growth of 6.1% and strong macroeconomic fundamentals, the Philippines remains as one of the bright spots in both the global and regional scale.
Driven by strong economic performance, the real estate market is expected to remain buoyant across all sectors this year. Real estate activity remains to be in full swing, with developers allocating massive capex programs amounting to over PHP 300-billion into building townships across the city.
The office sector is still the most wanted asset class, with its robust rental growth due to high take-up from the business process outsourcing industry.
The retail sector also continues to be the top gainer among all sectors, further boosted by the declining oil prices that has increased savings for the economy.
Meanwhile, in the residential market, rates continue to grow although at a more modest rate as well as in hotels and leisure, whose long-term growth is being stifled by lack of sound infrastructure.
In spite of these opportunities, the Philippines' strict foreign ownership policies and lack of solid infrastructure remain as roadblocks towards sustainable and long-term growth for PH economy.
Cygnet Financial Services is a South African company that aims to operate in the commercial and industrial property sector by sourcing investment funds from private funders. Investor funds will be placed with auditing firms Deliottes & Touche and KPMG and used to source properties for development and reinvestment. Profits and returns will be distributed to investors. The company is structured as a close corporation designed to capitalize on industry research by one of its founding members.
Cygnet Financial Services is proposing an investment plan to operate in the commercial and industrial property sector in South Africa. It will source investment funds from private funders to invest in developing properties and re-investing in properties subject to due diligence. Profits and returns on property sales will be distributed to investors. The plan cites reasons why commercial property prices are expected to remain stable or increase, such as low interest rates, urbanization, and improved corporate performance. It also discusses opportunities in transport corridor areas and converting old industrial areas to residential use.
Cygnet Financial Services is proposing an investment plan to operate in the commercial and industrial property sector in South Africa. It will source investment funds from private funders to invest in developing properties and re-investing in properties subject to due diligence. Profits and returns on property sales will be distributed to investors. The plan cites reasons why commercial property prices are expected to remain stable or increase, such as low interest rates, urbanization, and improved corporate performance. It also discusses opportunities in transport corridor areas and converting old industrial areas to residential use.
This document summarizes a business plan for Cygnet Financial Services, a property investment company. It will source funds from private investors to invest in commercial and industrial properties. Investor funds will be held by auditing firms while Cygnet acquires properties, manages the portfolio, and distributes profits back to investors. The business plan analyzes South Africa's property market and argues that factors like low interest rates, urbanization, and economic growth will support continued property price increases.
How much are real estate costs in the Philippines? KMC MAG Group's Midyear Report offers data and forecast on the Philippines' real estate sector and economy. KMC MAG noted that the combination of a stable economic environment and an administration committed to cleaning up the system have made the Philippines more attractive to potential investors. The report also highlighted that foreign direct investment (FDI) in the country has increased to USD 1.9 billion, with real estate accounting for around USD 57 million.
The document provides an overview of the Philippine real estate market and economy from KMC MAG Group, a real estate services firm. It discusses the country's strong economic growth of 7.2% in 2013, driven by the business process outsourcing industry and private consumption. Real estate performed well across sectors, with office leasing remaining active and residential yields around 7.4%. The document predicts continued economic and real estate market strength in 2014, noting factors like low interest rates, foreign investment, and infrastructure projects. Risks include volatility from other countries adjusting monetary policies.
VIPC Capital Management is an independent investment fund management company in Vietnam. It offers various investment products and services including mutual funds, portfolio management, real estate funds, and advisory services. The real estate fund will invest in residential, commercial and private development projects in Vietnam to generate returns. The portfolio management service provides six pre-defined models with different risk profiles to match investors' goals.
The document discusses the outlook for Indonesia's real estate industry in the coming years. It predicts that retail properties and office space will see the strongest growth, driven by increases in the retail and business sectors. Analysts forecast 10% growth for the property sector in 2011, despite inflation and higher interest rates. This growth is supported by Indonesia's growing economy and domestic consumption, which has helped shield it from slowdowns in other countries. Barring any major economic issues, the fundamentals are in place for the real estate industry to have significant years ahead in Indonesia.
Indonesia's real estate industry is experiencing strong growth and is seen as awakening as a giant within the region. The property market is growing at double digits annually and outperforming many other economic sectors. Recent developments like achieving investment grade status and relaxing foreign ownership restrictions will help ensure robust property market expansion for years to come. Multiple factors are driving this growth, including Indonesia's growing economy, government infrastructure spending, and reforms supporting greater housing access that will increase demand. With its strong fundamentals like an expanding economy and middle class, analysts predict the real estate boom will be sustained over the long term.
The Nigeria Real Estate Market Outlook report by Northcourt Real Estate. This report analyses the residential, retail, office and industrial markets from the investor's perspective. Economic indicators are also assessed.
10 reasons why moolah will return to indianProp Chill
The Document gives you a clear idea of why and how you should invest in Indian real estate? So Find out 10 reasons for investing in Indian real estate.
NIGERIA REAL ESTATE MARKET OUTLOOK 2017 (01)Ayodele Thomas
The Nigerian real estate market struggled from 2015-2016 due to economic and political uncertainties, with rental rates declining and new construction projects stalling. However, the 2017 outlook is positive if the economy rebounds as expected. New developments in office and retail space are projected to increase occupancy and rental rates as demand rises, especially in Lagos, Abuja and major cities, supported by the 2017 budget's infrastructure spending and efforts to diversify the economy.
NIGERIA REAL ESTATE MARKET OUTLOOK 2017 (01)Ayodele Thomas
The Nigerian real estate market struggled from 2015-2016 due to economic and political uncertainties, with rental rates declining and new construction projects stalling. However, the 2017 outlook is positive if the economy rebounds as expected. New developments in office and retail space are projected to increase occupancy and rental rates as demand rises with an improving economy and population. The 2017 national budget aims to boost infrastructure spending and economic growth, which could pull the real estate sector out of its downturn later in the year through higher property prices, construction activity and consumer demand.
The villa and townhouse market in Hanoi saw no new significant projects enter the market in Q2 2015, with the total stock at around 20,600 units across 109 projects. Demand remains highest for projects with good facilities and landscaping between 200-300 sqm for villas and 100-180 sqm for townhouses. While investment remains attractive, more buyers are purchasing for living purposes due to product diversification and financing options. Future supply through 2020 will continue to be dominated by townhouse formats in mixed-use developments, with around 1,500 new units expected from 5 projects in 2015.
The document discusses two trends in China that point to a better economic year in 2016: 1) the growth of China's domestic corporate bond market, which is helping fuel economic growth and improving the efficiency of allocating capital, and 2) signs of improving fundamentals in the property sector, such as increased property sales and developers' ability to issue bonds at lower costs. These trends are seen as mutually reinforcing and having encouraging implications for China's broader economy.
Premium Property Outlook: 2015 in Retrospect (Nigeria) VICTOR NKWOCHA
A real estate performance review report for premium developments in Nigeria (Lagos, Abuja and Port-Harcourt) for 2015. Published by Fine and Country, Prepared by Victor Nkwocha
The document discusses concerns about the Chinese real estate market and economy. A real estate developer collapsed in Ningbo, and home price increases are slowing. With real estate contributing greatly to China's GDP, a slowdown could impact the broader economy. Housing sales are unlikely to continue at the high growth levels of recent years due to tighter credit, affordability issues, and government curbs. While short-term outlook is dampened by volatility, long-term demand drivers like urbanization should support the market.
2. Contents
03 Ringgit Slide: Impact on Property
Investment
07 Crowdfunding: The New Real Estate
Investment Vehicle
12 Retuning Retail
16 Newsflash
17 Graphical Speaking
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07
03
3. Ringgit Slide:
Impact on
Property Investment
Malaysia has shown progressive improvement as it survived the Asian Financial Crisis in 1997
– 1998 and continues to pursue its economic development plan to become a developed
nation by year 2020. From the year 2000 to 2008, Malaysia has seen positive growth averag-
ing 5.5% per year. Despite being hit by the Global Financial Crisis in 2009, Malaysia recov-
ered rapidly and continued to post higher growth rates in 2010 averaging at 7.2%.
By: Adilena Amran
To elevate the country to a developedna-
tion status by 2020, the Malaysian Govern-
ment started the Economic Transformation
Programme in 2010. This turned out to be
a strong catalyst for driving domestic
private sector investments for 12 key eco-
nomic areas including Greater KL/Klang
Valley. Subsequently, the Malaysian
economy grew at 5.1% in 2011 and 5.6%
in 2012.
In 2011 to 2012, Iskandar Malaysia’s well
planned developments captured interna-
tional investors’ interests due to its prox-
imity to Singapore as investors viewed
Singapore-Iskandar akin to Hong Kong-
Shenzhen. The opening of the Johor
Premium Outlet, Southeast Asia’s first
luxury premium brand outlet and Lego-
land Malaysia, the country’s first interna-
tional theme park as well as many other
international universities and health centres
further enhanced Iskandar Malaysia’s status.
Quantitative easing in the US as well as a low
interest rate environment in Malaysia since
2000 and easy access to credit fuelled prop-
erty purchases and double-digit hikes in
property prices were seen in all states across
Malaysia in 2012 and 2013. The economy
slowed to 4.7% in 2013 with the weakening
of electrical & electronic exports to US and
Europe but bounced back to a 6% growth in
2014.
2015 marks another difficult time for Malay-
sia as it faces a sharp currency exchange fall
against the US Dollar and Singapore Dollar.
Ringgit Malaysia (RM) plunged from 3.4300
against the US Dollar in December 2014 to
PQ 3
4. 4.0025 as recorded in August 2015. A huge gap was created and its volatility appears
to be continuing in the coming months. The fallen ringgit was exacerbated with the
devaluation of China’s currency, Yuan on 11 August 2015. The Ringgit has been sliding
downwards for a few months since 11 March 2015 with US Dollar being traded at
3.7105 per Ringgit and continues to decline to 4.0025 recently on 9 August 2015.
Singaporeans have been queuing at the currency exchange counter as Ringgit was
traded at 2.77 against the Singapore Dollar.
Property an Inflation Hedge Invest-
ment
Property investors or property market
players often claim that their invest-
ment on real estate acts as a hedge
against inflation. What do they mean
by this?
Through capital appreciation, prop-
erty investments do act as a hedge
against inflation. The longer the time
invested in real estate, the higher the
capital appreciation. Capital apprecia-
tion is usually calculated yearly after
taking into account tax and insurance
payments and under the considera-
tion that the investment is well main-
tained. However, during a financial
crisis, what will happen?
Currently, the property market has
slowed down with buyers and inves-
tors, local and foreigners alike exhibit-
ing more caution against purchasing
properties. Although there are other
opinions stating that overseas invest-
ment will be profitable in times to
come despite the high capital cost
that one may incur now.
PQ 4
5. Despite attractive offerings in the Malay-
sian property market, not all those who
comes to Malaysia would consider
settling in Malaysia permanently. MM2H
holders are the ones who choses to make
Malaysia their second home. Other than
MM2H holders, would it be profitable for
the other foreigners to enjoy the market?
Will future liquidation of their Malaysian
properties give them as much advantage
as when they first bought them? What is
actually the indication of such trends?
Property Market
Crude oil prices have plunged by more
than 50% over the last 7 months due to
the oversupply in the international
market amids weak demands. Crude oil
and petroleum-related revenue are unde-
niably a major source of income for the
Malaysian government. Any changes in
the commodity price will therefore have a
significant implication on its Gross -
Local investors are not affected as the
decline in the Ringgit does not seem to
affect them. Developers have continued
to market the price of their properties
higher than before. Foreign transactions
are expected to increase as the weaker
Ringgit makes Malaysian properties
‘cheaper’ However, there are certain limi-
tations to foreign transactions as the
government has set certain rules and
regulations on foreign property owner-
ships. As mentioned in the previously
published article, 2014 Property Guide-
lines: Impact on MM2H and Foreigners,
the Malaysian government has enforced
new foreign ownership rules which
permit foreigners to purchase properties
above RM 1 million for most states in
Malaysia and RM 2 million for properties
in Selangor.
Domestic Product (GDP).
However, Malaysia does not depend on
solely crude oil production. Malaysia is a
country enriched with natural resources,
the world’s second largest palm oil and
natural gas producer, strong tourism
industry, local entrepreneurs produces
high quality food and beverages, and of
course attractive property offerings to
back up the nation during the difficult
times. This simply means, although the
currency depreciation was worsened by
the low crude oil price, Malaysia’s
strength has not fallen apart as it also
relies on other resources available.
As reported by the media, exporters are
likely to benefit from the current depre-
ciation as the foreigners would have
more interests in buying Malaysian prod-
ucts which are marketed at a cheaper
price compared with previous years.
PQ 5
6. Knight Frank in their 1H2015: Real
Estate Highlights; reported that the
Malaysian property market is expected
to experience a slow down in property
transaction. The volume of high-end
condominium transactions had seen a
drop in 1Q2015, from 2,088 in 4Q2014
to 1,694 in 1Q2015 which is a 9.1%
decline. There were also expectations
that there will be more interest in buying
the properties before the enforcement
of the GST starting on 1 April 2015,
however NAPIC data suggests that GST
was not the main concern by the inves-
tors.
Despite much pressure from the current
financial situation and the slowdown
effects it has on the property market,
developers have yet to show any sign of
reducing their prices. In fact, the firm
and strong demand of affordable prop-
erties were seen to drive the sales,
hence giving the developers a strong
reason to remain modest in their price
growth. Property investments are not as
volatile as stocks and shares, thus they
perform better and are able to sustain
their returns.
To Invest Or Not To Invest
The Ringgit’s gradual depreciation over
the past 6 months has definitely
affected the locals’ mind set. “Malay-
sians are still adjusting to the rising cost
of living due to the Goods and Services
Tax, so if the ringgit continues to
weaken, consumers will definitely be
affected,” said an independent econo-
mist, Lee Heng Guie.
The property market for now could be
the main market people seek as it offers
stability and capital appreciation for a
long term basis.
The concept “sit and wait” does not
work for property investment as wait-
ing before investing would only cause
the investor to lose the opportunity to
get the property at its cheapest price,
as property prices would go up with
time and hardly declines. Moreover,
developers were seen investing on the
interest of affordable homes targeted
at the younger generations. It is highly
recommended for the locals to seize
the opportunity of such offerings.
Overseas investments may not be
practicable for the moment as the
Ringgit depreciation may incur higher
costs to the investors. On a positive
note, economists suggest that a
weaker Ringgit could eventually boost
the country’s tourism and stimulate
positive growth in sectors such as retail
and hotels. In order to stem the out-
flow of funds from the country, local
pension funds are now investing in
local properties to contain the decline
of the Ringgit.
With a strong demand for property
offerings by locals and foreigners,
Malaysian properties remains a stable
investments option to investors. With
better locations and attractive offers,
property investment would continue to
prove its capability in securing the
investors interest.
PQ 6
7. Crowdfunding:
The New Real Estate
Investment Vehicle
By: Aisyah Mahzan
Photo credits: media.licdn.com
PQ 7
8. Investors are always looking for new
ways to diversify their investments.
Sometimes it can be hard for investors
to find the right type of investment that
is aligned with their financial capacity
and risk appetite. Financial capacity
and risk appetites may differ for differ-
ent groups of people. This is especially
important when an investor is thinking
of investing in real estate. Real estate
investments can fall into two categories
which are the traditional approach and
a more modern approach called crowd-
funding.
In recent years, crowdfunding has been
on the rise and is considered an alter-
native real estate investment method.
Regional countries such as New Zea-
land and Saudi Arabia have placed
crowdfunding as a real estate vehicle
and have successfully raised NZD7.677
mil and USD8.55 mil respectively in the
last 12 months. Other countries are
following suit with the likes of Taiwan,
Singapore, Australia, India and Malay-
sia. Malaysia entered the crowdfunding
bandwagon in September 2015.
Traditional real estate investment
Traditional real estate investments con-
sist of a few different types of methods
including the direct approach, network
approach and through REITs. Direct
approach requires investors to find the
property to be invested directly. This is
not suitable for a casual investor.
Selecting and acquiring the right piece
of property takes a great deal of experi-
ence and skill that a casual investor
lacks. The investor has to have a strong
financial capital to purchase the prop-
erty. This takes time, money and a lot of
effort especially when the property is
acquired. Maintaining the property
Sometimes, rather than finding and
purchasing the property directly, inves-
tors tend to rely on their social networks
through their associates or trusted
agents’ word of mouth to acquire real
estate investments. These investments
can vary from acquisitions to develop-
ments of particular properties or to
some extent, development companies.
This approach has several advantages
over the direct approach as the inves-
tors can rely on the skills of others to
identify good properties and to handle
the property after its acquisition.
Another advantage is that the investor’s
commitment to the property is limited
to the initial investment. This approach
is best for the investors that have an
expansive network and a substantial
capital to invest. It is not viable for the
casual investor with limited capital and
lack proper network in the real estate
industry.
The third traditional approach for inves-
tors is to invest in Real Estate Invest-
ment Trust (REIT) vehicles. A REIT is an
entity that raises capital from investors
in order to invest in a portfolio of real
estate investments that yields rental
returns. The REIT’s portfolios usually
consist of commercial elements such as
offices, retail malls and hotels. In a REIT,
investors do not have a say on the
assets acquired by the entity.
after its acquisition is no easy feat in
itself. The expected and unexpected
cost in maintaining the property may
burden a casual investor that lacks the
knowledge, capital and time to handle
the situation. Most investors prefer not
to commit too much to a single invest-
ment as it will deter their other invest-
ment opportunities.
PQ 8
9. project from the ‘crowd’ of
investors rather than one or
a selected few using the
traditional approach. This
crowd-based approach to
real estate investment com-
bines many of the favour-
able advantages of tradi-
tional approaches with the
perks that casual investors
can access.
Similar to the traditional
direct approach, crowdfund-
ing investors know exactly
what property or project
they are investing in, unlike
REIT and some network
approaches. This becomes a
selling point and draws the
investors who value the
knowing where and what
they are investing in.
Furthermore, seeing the
actual investment property
is often a source of confi-
dence to the investors.
Crowdfunding investors are
able to enjoy the benefits of
‘direct’ ownership of the
An investor essentially
invests their money with the
entity and relies entirely on
the expertise of the REIT’s
fund manager to select,
acquire, hold and operate
the real estate assets. A plus
point on REIT investments is
that the initial capital invest-
ment is less than the ones
required in the direct and
network approach. The
downside of REIT is that
investors do not know
upfront what real estate
assets the entity is selecting
for investment in. The inves-
tors are only informed when
an acquisition is made with
the pre-determined criteria
set by the REIT’s fund man-
ager.
What is crowdfunding?
Crowdfunding is relatively an
alternative and new way to
invest in real estate. It basi-
cally involves raising the nec-
essary capital for a particular
real estate investment or
property via cash flow inco-
me, capital appreciation
etc. without the substantial
capital costs and time
required in maintaining a
property as in the direct
approach. The network and
REIT approaches also
involve the pooling of
assets from investors; how-
ever, there are two distinct
benefits of crowdfunding
approach for the casual
everyday investors. Firstly,
the initial capital investment
is often significantly less
than most of the traditional
approaches. This not only
makes real estate invest-
ment accessible to the
casual everyday investors
with limited capital but
allows them to both limit
their overall financial expo-
sure and to diversify their
investments more easily.
Secondly, crowdfunding
provides the casual inves-
tors access to private real
estate transactions that
PQ 9
10. were traditionally reserved for high
net worth individuals or investors with
an expansive network. Thus, there is
no longer a barrier for the investors to
invest in real estate. There are two
types of crowdfunding which are
equity-based crowdfunding and
debt-based crowdfunding. These
types of crowdfunding will be
discussed in the upcoming Property
Quotient.
The benefits and risks of crowdfund-
ing
There are several advantages to
crowdfunding over the traditional real
estate investment methods. Crowd-
funding allows investors to have con-
trol over their investment choices
prior to investing their money on a
particular property and the property’s
acquisition. Lower initial capital
investment and lesser time spent on
sourcing, operating or maintaining an
invested property, thus limits their
liability on the said property. This is
especially appealing to the casual
investors.
Due to the low initial investment
costs, the investors are also able to
diversify their property investment
portfolio and minimise their investment
risks while attaining a higher expected
rate of return on their property invest-
ment portfolio and minimise their
investment risks while attaining a
higher expected rate of return on their
investments in comparison with their
initial investment. The investors are
also able to leverage on the expertise
of other professionals that have the
experience and the knowledge on
these types of investments. The inves-
tors are able to access a wider range of
property transactions including the
private transactions usually reserved
for high net worth or well-connected
individuals.
Crowdfunding is categorised as a pas-
sive investment with limited liability.
With every investment regardless
whether it is in stocks, bonds or real
estate, there are bound to be risks
involved. The same goes to crowd-
funding.
According to some investment experts,
crowdfunding is used by property
developers and managers that are
unable to gain access to the traditional
form of funding due to certain reasons
PQ 10
11. such as that the venture maybe
too risky, or that they are part of
a new start-up or lack the expe-
rience. There are general con-
cerns of fraud.
To avoid this from happening,
do ensure that the crowdfund-
ing platform is registered and
listed with the country’s securi-
ties commissions as crowdfund-
ing platforms and activities are
being regulated and monitored
by the country’s securities com-
mission.
Investors should do their due
diligence and thorough
research on the potential
investment property, surround-
ings and the parties involved
before investing. Investors
should take advantage of the
educational materials offered by crowdfunding platforms and the information on the wide
web to enhance the knowledge before investing. Well-researched investors could be well
rewarded with high returns depending on the investments made.
Future of real estate investment
Real estate has always been a favourite form of investment for the wealthy due to the over-
all stability of the property market and its potential for high returns especially for long term
investments. Over the years, more and more people have started to realise that real estate
is the source for a stable long term investment and its proven high rate of return makes it
even more enticing to the investors. However, not everyone has the same capital income
or are willing to fork out too much of their money for real estate investments as the initial
capital needed for real estate investments can be quite substantial. Thus, traditional real
estate investment method may not be able to facilitate some of the investors.
In the future, we will able to see a shift in the way people invest in real estate. The tradi-
tional methods will still play a role in real estate investment, but we can also see that the
new crowdfunding platforms will change the real estate scene and play a bigger role
particularly with passive investors and the casual investors that have limited initial capital.
PQ 11
12. By: Maximus A
Adam Cook, Asia Pacific Retail Director, Project and Devel-
opment Services, Jones Lang LaSalle Property Consultants
Pte Ltd ranked Malaysia as the number one market for retail-
ers to enter in South East Asia due to the ability to do busi-
ness and market conditions.
He said, “For developers, Malaysia is leading South East
Asia in the volume of planned retail coming online in the
next three years. Thailand recently opened several new
malls, Indonesia has a pipeline that should get interesting
after 2017, and Singapore is already fairly saturated
(excluding some retail that is coming online at the base of
new mixed-use towers).
The Asia Pacific market will still continue be a huge magnet for international retailers
looking to expand their brands – thanks to the region’s key market drivers of sheer
market size in terms of population and accelerating upward strides in socio-economic
development. Higher income levels mean higher purchasing power as consumers shift
their purchases upwards into higher mid and luxury levels. Rapid urbanisation drives
the need to create new services and amenities for people to work, live and play. In the
somewhat frenzied building of infrastructure, residential and commercial buildings,
retail malls have mushroomed in urban centres as well as city and town fringes.
Adam Cook
RETUNING RETAIL
Malaysia Leads Retail Market in South East Asia
PQ 12
13. Vietnam and the Philippines have a lot
of properties in development too, but
not at the scale of Malaysia.”
A Case of Too Many Malls
Cook was a panel speaker on ‘Trends,
Design and Profitable Solutions’ at the
recent MPI Seminar: Positioning
Malaysian Real Estate: Post GST &
11th Malaysia Plan 2015. Panel Mod-
erator YY Lau, Managing Director JLL
Property Services (Malaysia) Sdn. Bhd.
told participants that there were great
concerns over the imminent oversup-
ply of retail malls. She said that
another 60 malls were in the pipeline
for Greater Kuala Lumpur alone from
2015-2019 which would mean an esti-
mated 20 million square feet of retail
spaces available in the market by
end-2019. Meanwhile, as of to date,
more than 20 malls have been refur-
bished.
In this light, Cook advised current and
new retail owners to be careful in
ensuring occupancy and to go the
extra mile in working closer with their
retail tenants to keep the flow of
customers coming back to their
stores. He threw the gauntlet to inter-
national retailers and developers and
landlords to adapt and transform their
retail spaces to offer customers a rich
and enjoyable experience conducive
to their lifestyles.
Design plays a vital role as the visual
elements, convenience and enjoy-
ment. Location is important and malls
built around train stations would have
a constant influx of visitors. Japan and
China are designing innovative build-
ings in which people are excited to
spend time and money. Local retail
developers need a new vision to
create a place, that special moment
for the buyer. New materials, new
levels of customer service and sup-
port; technology to manage and track
tenant movements; creating a space
for local heritage and culture to create
an authentic experience should be
PQ 13
14. factored in for
successful new malls.
Creative Innovation
in Brands
Touching on interna-
tional trends in retail
marketing, Cook
cited big brand
names reinventing
themselves or forging
creative partnerships
with other synergis-
tic brands. Google
and Luxottica have
come together in a
brilliant partnership
to offer ‘wearable
technology’ offering
cutting edge technology and high fashion. Then there’s Christian Dior & Colette:
Colette is known for their funky innovative products, creating Christian Dior Fusion
Sneakers. Retailing Christian Dior’s vibrant new line of shoes that is a fusion of traditional
sneakers and Dior Couture was ground breaking for both brands.
“Luxury fashion brands are working hard
to be relevant,” says Cook. On the other
hand, Starbucks and Lyft are offering
Gold memberships to their customers.
He emphasises, “brands don’t have to
live forever but grows organically.”
Mid-tier brands need to develop more
exciting experiences to woo customers.
For example, Crocs in the USA uses
flying drones at their stores to bring
customers their desired colour and size
of their Crocs. Luxury brands in flagship
stores will need to wow their expanding
niche market with new customer service
and experience. The uber-wealthy
market demands new highs in shopping
experiences and retailers need to deliver
highly-customised and personalised
service levels well beyond diamonds and
platinum.
Technology has a vital role to play in the
Asian retail market and there is a need
for it to be developed further. Online
shopping is still dominated and dedi-
cated to younger buyers and is a small
market segment but has plenty of room
to expand. An example of interactive
shopping is that clothes may be tried,
colours changed to the customer’s pref-
erence. However, this still cannot replace
brick and mortar. The two should work
together to create more exciting and
pleasurable shopping experiences.
Unlike in the west, departmental store is
still alive and well and are usually the
anchor tenant in local malls.
The challenge really is the creation of a
fantastic in-store experience that will
attract and built a steady base of loyal
customers. Interactive tools such as virtu-
PQ 14
15. al reality will help create high-visual
and auditory impact to heighten
the retail environment and experi-
ence. Convenience, comfort and
excitement are the key words to
consider when setting up a retail
store.
Malaysia Opportunities
What are the biggest challenges
ahead for the Malaysian retail
industry?
“I think the biggest challenge for
Malaysia retail development is to
avoid the ‘me-too’ syndrome that
China currently suffers from. China
had a rush of developers that were
all churning out the same type of
properties with little consideration
for the natural catchment and
demographics, and even less indi-
vidualism in the design or concept
of the shopping centres. These
assets are now suffering and have
high vacancy rates.
Developers in Malaysia are show-
ing signs that they have learned
from the challenges faced in China.
Shopping centres must be
thoughtfully designed to serve a
unique and special purpose, the
tenant mix has to be carefully
curated, and the shopping centre
must have a sophisticated plan-
ning and operations team that can
maximise the attributes. JLL has
identified key attributes for resil-
ient retail places: economics, con-
nectivity, environment, diversity
and vitality, identity, dynamism and
proactivity, responsibility and
finally, culture and heritage,” says
Cook.
More big brands are anticipated to
enter the Asian retail market. As
urbanisation continues to grow
and opportunities aplenty in
Malaysia, it is apparent that the
retail landscape has to be retuned
and reshaped in tandem with the
multifaceted development of mor-
phing cityscapes.
PQ 15
16. Newsflash
Property market set to see interests
from local & foreign parties
Tebrau Bay declared as part of International Zone
in Johor
Malaysia's property market is poised to see interests
not only locally but from foreign parties capitalising on
the weak ringgit. This was evidenced by recent activi-
ties in major commercial property investment transac-
tions such as the acquisitions of Integra Tower and
DoubleTree by Hilton among others.
With the Fitch Rating maintaining Malaysia's long-term
foreign currency issuer default rating at 'A-' and local
currency at 'A' and added with an overall outlook
revised from the previous negative rating to stable
now, the ringgit is expected to strengthen in the long
run and creating the absolute right time for foreign
investors to be looking at Malaysia.
Tebrau Bay has been declared as being part of the interna-
tional zone in Johor in line with the state government's
effort to make Iskandar Malaysia a metropolis in future.
Tebrau Bay will be developed as a competitive investment
and industrial hub which was capable of attracting foreign
investors.
Among the potential projects to be developed in Tebrau
Bay included a mixed development to be developed by
Greenland Tebrau Sdn Bhd with a gross development
value of RM30 billion. The project also involves the devel-
opment of international hotels on 51.79 hectares.
As for the development of other areas selected as interna-
tional zone, the state government will hold meetings with
other stakeholders on what could be the main feature
highlights in the development areas. The state govern-
ment hoped Iskandar Malaysia could be developed into a
metropolis comparable with Kuala Lumpur. Iskandar
Malaysia is expected to become a metropolis with the
image, culture and character as well as the preservation of
culture and tradition. source:http://www.iskandarwaterfront.com/
source:www.todayonline.com
PQ 16