GLG News by Real Estate Experts (Hong Kong)

Nicholas BrookeChairmanProfessional Property Services Limited

Vietnam - A Real Estate Market in the Making

January 28, 2008

Analysis of:HCMC property bubble keeps getting bigger | www.thanhniennews.com

Vietnam’s economy has shown one of the strongest growth rates in Asia over the past two years (8.2% in 2006 and 8.5% in 2007) and this level of growth is anticipated to continue into 2008. Strong economic growth together with low labour costs and a young and highly motivated workforce had attracted significant overseas interest and increased investment in both the industrial and real estate sectors. Foreign direct investment in approved projects in 2007 amounted to some US$15-17 billion, a significant increase from the US$10.2 billion secured in 2006. Membership of the WTO, which was achieved in January of 2007, has encouraged further large scale investment interest, particularly as privatisation of State Owned Enterprises is expected to be completed by 2010. This should encourage joint ventures and foreign investment in previously non-accessible sectors.

Nicholas BrookeChairmanProfessional Property Services Limited

Asia Pacific - A real estate sector in major transition

October 17, 2007

Analysis of:Asian Real Estate Investment Trust | www.moneyhq.com.au

I am sure you do not need me to tell you of the growing significance of the commercial real estate industry in the Asia Pacific region, both from a development and investment perspective, and the part that both local and international designers and advisers are playing in bringing a greater level of order, professionalism and sophistication to the market place. I could spend the time writing about the weight of capital chasing real estate, the deals that have been done, supply/demand statistics and the health of the various markets. However, I thought I would take the opportunity just to share one or two thoughts with you about some of the pluses and minuses as I see them going forward.

Nicholas BrookeChairmanProfessional Property Services Limited

An Industry in Transition

September 24, 2007

Analysis of:PRC PROPERTY MARKET OVERVIEW | www.cbre.com.hk

What is not necessarily appreciated by those both within the property sector and without is that we are in effect an industry in transition and that recognising and responding to the challenges and opportunities that this presents will differentiate the future market leaders from the rest of the pack.

Nicholas BrookeChairmanProfessional Property Services Limited

Asian Real Estate in Transition – Anticipating and Responding to the Outcome

September 10, 2007

Analysis of:Asia Pacific Investment Market Review | asia.cbre.com.hk

What we are seeing is neither a boom nor a bubble – but rather a series of markets in transition. These are all being impacted by and responding, to a greater or lesser extent, to the same influences, be it weight of capital, repositioning of property as an asset class, the introduction of new real estate investment structures, rising community aspirations or the ever increasing attention being paid to Asia by financial institutions, multi-national corporations and investors in general. Whether it be boom, bubble or indeed bust will depend on the extent to which markets recognise and react to these influences and the level to which and the pace at which the markets can accommodate the changes they bring.

Nicholas BrookeChairmanProfessional Property Services Limited

WHAT PREMIUM THE HONG KONG PROPERTY MARKET?

September 7, 2007

Analysis of:The Hong Kong Property Market 2006 Review & 2007 Forecast | www.cbre.com.hk

Given that the Hong Kong property market, in particular the residential sector, is regarded as one of the key measures, if not the barometer of the economic health of the city region, it is not surprising that “what state the market” inevitably surfaces, be it during a chat over a coffee in Starbucks, a discussion over dinner amongst friends or a debate around a boardroom table on a new strategic initiative here in Hong Kong.

Nicholas BrookeChairmanProfessional Property Services Limited

The property market ten years on – has much in reality changed?

August 3, 2007

Analysis of:Hong Kong: 10 Years after the British Left | www.cbn.com

When one hears today of significant short term capital gains being made through trading at the top end of the residential market, one might be forgiven for thinking that not much has changed since the heady days immediately prior to the handover in 1997. In practice, however, the situation is very different in that it is only within this relatively small segment of the market that such speculative opportunities have arisen, and then only over the last two years. By contrast, in 1997, speculation could be found in all sectors and a “pass the parcel and hope that the music does not stop” mentality prevailed and contracts could be flipped within a matter of days. Even today, the short term investor is likely faced with 6-12 months of ownership before being able to take his profit.

Nicholas BrookeChairmanProfessional Property Services Limited

Vietnam – a real estate market in the making

July 31, 2007

Analysis of:Vietnam's real estate market is booming | ir.asiaone.com

Vietnam’s economy has shown one of the strongest growth rates in Asia over the past two years (8.4% in 2005 and 8.2% in 2006) and this looks set to be repeated in 2007. This level of growth together with low labour costs and a young and highly motivated workforce had attracted significant overseas interest and increased investment in both the industrial and real estate sectors.

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