Luxury U.S. real estate group moving into Asia Pacific

A Chicago, U.S. based real estate group, focusing on luxury properties, in recent times established a corporate office in Singapore to expand its coverage to established as well as emerging Asian markets.

The company, specialising in over USD one million homes, will concentrate on Asia Pacific investors from mainland China, Hong Kong, India, Japan, plus New Zealand, targeting the region’s rising property hotspots including Indonesia, Malaysia, the Philippines and Thailand.

The group have claimed their members have encompassed efforts to target Asian consumers, striving for a better understanding of cultural preferences, acknowledging the potential impact on their businesses.

The upcoming Luxury Portfolio Immersion Conference of China was recently announced—quartering around one million Chinese millionaires from 20^th to 22^nd July. This will give a further understanding of the rising power of Chinese investors.

The luxury property group operates in 30 countries having produced approximately USD314billion in sales last year via 200 luxury affiliates.

News just in Indonesia

Lippo Karawaci has reported a 35% rise for the first quarter net profit, thanks to its healthcare and residential units.

The largest listed property firm revealed a net profit of 339 billion rupiah {$29.4 million} for the first three months of the year up to March, an increase of 251 billion from the same period during the previous year.

The company’s revenues for its urban and residential development shot up to 53%, as the healthcare unit experienced a 29% increase.

Lippo Karawaci’s properties include residences, hotels, shopping malls and hospitals. The company has revealed that now is a good time to participate in commercial property, so visit www.commercialpeople.co.id soon – we advertise both commercial and residential, with something for everyone.

Indonesia Remains Asia's Leading Force in Office Space Development in 2014

Growth in Jakarta's office space sector is expected to continue its upward trend. The Colliers International Asia Real Estate Forecast 2014, released by the leading global commercial real estate company, mentions a significant increase of new rental office space in the capital city of Indonesia. As such, Indonesia's office space sector (which is particularly centered in the big cities on Java such as Jakarta and Surabaya) is Asia's leader in terms of office space growth. However, this year's growth will not be as strong as in 2012 and 2013.