Will Chinese Investors Stop Buying Aussie Real Estate?

Letter of Invitation: I would be available to answer any queries regarding best suburbs to integrate socially, just to let you know 21 suburbs of South Australia which are red-flagged by Australian banks. I am happy to provide detail answers to any questions with reference to Property Investment, Subdivision, Development, Buying/ Selling Residential, Commercial, Rural Properties and Businesses. I am available in person (Tue/Thu at 1289 South Rd, St. Marys, SA 5042 12 to 5 p.m) or on cell to answer any questions, and concerns you have to decide about your Real Estate. (Cell: 0431 138 537, Email: Saqlain@Dukesrealestate.com) Click here to invest in South Australian Residential Commercial, Rural Properties, Schools & Businesses. I sell land on this Earth for as cheap as 10 cents/ Sq.M to a price equivalent to price of 2 Aussie Mangoes/ Sq.M. I hope tomorrow I will be selling and leasing Moon's Surface. (Earth is rising over the Moon's Surface), Source: https://www.facebook.com/RealEstateSA5000/photos/a.899877783394135.1073741829.899009183480995/920077631374150/?l=734b9eef72 ====================== By Harje Ronngard 21/01/2016 Housing Market One of the biggest investors into Australian assets is China. It’s not just infant formula that China is demanding. Newly rich Chinese are eager to increase their wealth by means of Australia property. The Chinese government has been encouraging citizens to invest in stocks, bonds and real estate overseas. Why would they want citizens to invest overseas? It could be seen as an indirect way to control spending. Let me explain, too much spending is bad, as it creates inflation. One way a country can reduce inflation is for the central bank to increase interest rates. Now China doesn’t want to do this because it could reduce the growth of their economy. China wants to keep inflation high, but manageable. Therefore the Chinese government have come up with an easier way to reduce inflation. They told Chinese citizens to invest overseas. This was the government’s view early last year. My guess is that there were no drastic signs of the Chinese economy slowing, so no reason to encourage spending. There were concerns of an inflated housing market in China. Yet things seemed manageable, as China told citizens to focus stock market to create their fortunes. China also seemed to be handling the economic transition from an industrial one to a consumerist one. Yet now China is forcing citizens to spend less abroad. The government has decided to limit capital leaving the country. And Chinese banks have responded, starting to block some foreign transactions. Why has China done this? Because of economic turmoil. The situation in China isn’t as bad as some think. But economic growth is declining. The Shanghai Composite [SHA:000001] is dropping daily. Signs could be interpreted at unstable. Well unstable if you want to maintain 6%-7% GDP growth. Will this affect our property market? Australian property prices are higher than ever. The graph below shows the increase in property prices over 20 years. Aus property Market Finch Source: Finch rating Its obvious Australian real state is increasing faster than the rest. This could be just one reason why Chinese investors like Australian real estate. They don’t have to wait a number of years to make reasonable returns. But wont Aussie property underperform if Chinese investment is expected to decrease? Developers can’t pass up a good investment Chinese residential developer, Aqualand, will shortly begin a $1billion apartment pipeline. The company has already submitted plans for a residential complex, consist of nearly 12,000 units. And these are just the new projects. Aqualand is already building 46 luxury units with Sydney waterfront views. And they aren’t the only ones. Some of China’s richest government backed corporations are all in on Australian property.

Nerida Conisbee leads the research team at the international realtors Colliers. She believes ‘China now dominates in terms of investment into real estate.’ She also referred to Australian property returns being too good to pass up. ‘I think it just comes down to their investment metrics and perhaps the comparison of returns elsewhere’ she said.

And Australia real estate has had a major boost form Chinese investors in a relatively short period of time. China only committed $2.3 billion into Australia real estate as of 2010. But today, Chinese invests as much as $12.4 billion into Australia’s property sector. That is more than double the amount invested into mining. Why would developers look anywhere else than Australia. We have clean air and good schools. Chinese developers can’t pass up on such a good investment. If you’re interested in investing in property it’s worth checking out Real Estate Investment Trusts (REITs) first. REITs are companies that own income-producing real estate. The property held by these companies ranges from office apartments to residential homes. The advantage to REITs is you can buy into their property investments by buying their shares. And because they are shares, they usually have liquidity. This is a huge advantage over physical property which doesn’t have immediate buyers and sellers. But not only are they liquid, REITs can also provide good returns. Last year S&P/ASX 200 A-REIT [ASX:XPJ] increased 5.32% (blue line). In the same time the S&P/ASX 200 [ASX:XPJ] dropped 1.83% (red line). If we compare both, REITs is the clear winner. By holding REITs investors can exposed themselves to property risk. With this added exposure, an investor’s portfolio can be well diversified. And being diversified means offsetting risk, that which resides in the equity market. Keeping this in mind could help your portfolio returns in the long run. PS: REITs can let investors enjoy the returns of the Australian property market without having to own property. REITs might be one thing that could boost your wealth for retirement. But you can’t rely on just one. According to Money Morning’s Publisher Kris Sayce, there are 5 things you can do to boost your retirement pot. ASX XJO Google finance Source: Google finance Härje Ronngard, Junior Analyst, Money Morning Kris has close to 20 years’ experience in analysing stocks. His experience ranges from brokerage houses to leading wealth management firm. But Kris has found his home at Port Philip Publishing. Kris understands that investing your money isn’t easy, especially in a declining market. In Kris’s report he will tell you the most important determining factor relating to the size of your retirement pot. Kris will also show you how to ensure financial security in just five ways. To get your free copy today, click here. ============================================================ • Financial instruments such as BG,SBLC,POF available for lease - 1 Update Financial instruments such as BG,SBLC,POF available for lease ryanjamesontechnical10@gmail.com: Feb 19 06:09PM -0800 Hello Everyone, We have in place a client friendly offer for delivery of bank instrument to our clients. We charge low fees and provider delivers MT799 Pre-advice without upfront fees. All options are left open in discussion to assist in successful completion of transaction. Please get in touch with me if interested in our offer for further discussions. Our delivery terms are clearly stated below. BANK INSTRUMENT PARTICULARS Instruments: Fully Cash Backed/Bank Guarantee (Standard ICC format) Age: Fresh Cut Interest Rate: ZeroCoupon Term: One (1) years and One (1) day Currency: USD Bank Menu: Top WEB Amount: As Advised by Beneficiary Initial Deposit: Applies with Value of Instrument Needed Invoice Price: Four (4%) Percent of the Face Value less the Initial Deposit Paid Intermediary Fees: One Percent (1%) of Face Value payable by Beneficiary Tranches:As per agreed tranches schedule Delivery: Isuing Bank sends pre-advice via SWIFT MT-799, instrument is then sent via SWIFT MT-760. Hard copy of Instrument will be delivered to Beneficiary's Bank via Bank Bonded courier within 7 banking days after receipt and authentication of payment. Payment: Within 21banking days after receipt and authentication of SWIFT MT-760, Beneficiaries Bank will release payment to Providers Bank via SWIFT MT-103 in accordance with terms and conditions in this agreement. ==================================== May 23 2016 at 12:43 PM Updated May 23 2016 at 6:25 PM Save article Print Reprints & permissions Property developers risk $100,000 loss per apartment as default risk builds Share via Email Share on Google Plus Post on facebook wall Share on twitter Post to Linkedin Share on Reddit The Secret Agent's Paul Osborne said developers who have settlements due in the next 18 months are worried. The Secret Agent's Paul Osborne said developers who have settlements due in the next 18 months are worried. Jesse Marlow Share on twitter Share on Google Plus by Larry Schlesinger As market conditions get tougher and tougher for high-rise developers, a new report warns they could lose more than $100,000 per apartment if a buyer defaults on their purchase. The report, by buyer advocates Secret Agent, comes as Macquarie Bank tightened lending to high-rise apartment buyers across 120 post codes and follows the major banks' pullback from lending to foreign buyers amid concerns of an over-supply of apartments in places such as the Melbourne CBD and Docklands. Default rates remain relatively low, typically between 1 and 5 per cent per project, but could rise as a record number of new apartments settle over the next two years. Using the hypothetical example of a Chinese buyer who defaults on their $714,000 off-the-plan purchase of a typical two-bedroom Melbourne CBD apartment, Secret Agent calculated the loss at over $100,000, once professional fees and commissions had been paid and after the 10 per cent deposit had been recouped. Impact of a default on a typical CBD apartment Impact of a default on a typical CBD apartment The main reason for this loss is the lower price the developer would get in the secondary market where the apartment would have to be re-sold. Secret Agent calculated that apartment values were 19 per cent lower in this market based on average sale over the past three months. Increased anxiety "The development space in inner Melbourne and Sydney is set to be severely challenged," Secret Agent director Paul Osborne said. "Conversations between Secret Agent and various developers over the past month have revealed their increasing anxiety about potential settlement issues. "These developers, who have settlements due in the next 18 months, are worried that many of their apartments may not be able to settle due to the restrictions placed on foreign buyers by local banks. This is likely to have substantial implications." Darkening the scenario further will be the new 7 per cent stamp duty levy imposed in Victoria on foreign buyers from July 1, adding tens of thousands of dollars to purchase prices. But Andrew Leoncelli, head of residential projects at CBRE, called the modelling "doomsday at best". "We have had practically no defaults from international buyers over the past 10 years. The international purchasers we deal with are very savvy and are targeting opportunities here for three key reasons: migration, capital preservation and education," Mr Leoncelli said. "We would estimate that 90 per cent of the offshore buyers we deal with are well above middle-class and have significant means at their disposal." Jamie Kay, a director at Melbourne-based project marketers Oliver Hume, said the industry needed to find ways to "reduce risk and reduce the scale of the peaks and troughs that we experience in a cyclical market". "There should be the capacity to move deposits up and down in a wider band [above 10 per cent], as is already the case in Queensland," Mr Kay said. Figures from market researchers CoreLogic show the number of new apartments due to settle over the next two years have hit record highs in Australia's capitals, raising the risk that some buyers will not make good on their purchases. Read more: http://www.afr.com/real-estate/property-developers-risk-100000-loss-per-apartment-as-default-risk-builds-20160520-gozpaw#ixzz49XlzYgpv Follow us: @FinancialReview on Twitter | financialreview on Facebook ================================================================= Building a new home the cheaper option in Sydney, Melbourne: analysis 30 Shares Post Author May 16, 2016 Jennifer Duke House prices drop in most capital cities Domain Group quarterly data points to softening property markets across the country. •First-home buyers dreams dashed as Sydney land prices jump $100,000 in a year: UDIA Homebuyers balking at the cost of a median priced house in Sydney and Melbourne could consider building a new home to save themselves thousands of dollars, an analysis of property costs shows. Taking into account median prices, stamp duty, grants available and build costs analysis found the cost of building close to $360,000 cheaper in Sydney and about $200,000 cheaper in Melbourne, Finder.com.au money expert Bessie Hassan said. Building a new home from scratch might be a way to save thousands of dollars on your first home. Building a new home from scratch might be a way to save thousands of dollars on your first home. Photo: Louie Douvis “Construction costs appear to be higher in Brisbane and Perth,” Ms Hassan said. But buying new in Sydney and Melbourne may also offer a long-term financial incentive. “Buying a property also means you will pay less in maintenance expenses which may outweigh the ‘premium’ price tag that you may pay initially,” she said. There’s just one significant obstacle. While on paper the strategy appears to be cheaper, Wakelin Property Advisory associate director Jarrod McCabe warned home buyers and investors from becoming “too excited by this strategy”. “The main reason to be wary of this approach is availability. It is very hard to find vacant land in established suburbs and you will most likely find yourself travelling towards our cities’ fringes in order to find any,” he said. “Once you come closer to the city, land values are generally too high to make the economics work unless you’re an experienced builder [or] developer.” Established properties are often located in areas with amenity, which is why they are more desirable and thus attract a premium, while new houses are typically not, he said. Sydneysiders in particular will need to look much further from the CBD for vacant land options, WBP Property Group executive chairman Greville Pabst said. Blocks of land in Sydney’s Box Hill, 45 kilometres from the CBD, are priced from $390,000 for 300 square metres. “A buyer that is looking at a new development is likely to be pushed to the outer suburbs and they should ask themselves whether this aligns with their lifestyle,” Mr Pabst said. And while comparatively it appears more affordable to buy a block of land and build, land also soared in value during the property boom. Land blocks jumped $100,000 in the past 12 months in Sydney, the Urban Development Industry Australia’s (UDIA) 2016 State of the Land report found. In Melbourne, land prices increased by less than $10,000 over the same period. “The biggest contributor to the lack of affordable housing in Australia is the tax on new housing and apartments, which necessitates a high selling price,” UDIA national president Michael Corcoran said. “The most taxed product in Australia [other than cigarettes] is a new home or apartment, more than 40 per cent of the cost of a new dwelling is tax,” he said. Pros and cons of building versus buying Buying pros – Renovation potential: You can customise the layout and aesthetics of the property to suit your lifestyle and personal tastes. – Capital growth: The ability to build and upgrade an existing property can help you achieve capital growth through price appreciation over time. – Negotiating power: Assuming that you purchase an existing property to renovate, this can give you better negotiating power when determining the sales price or settlement terms. Buying cons – Time and emotional investment: You shouldn’t underestimate the time and emotional investment required to finish a renovation project. Additionally, people often don’t account for the disruption factor. Building pros – Low maintenance: If you purchase a new property, you won’t need to fork out for ongoing repairs and maintenance costs. – Government incentives: There are stamp duty concessions and grants available for first home owner grants when buying off the plan which could significantly reduce your upfront and ongoing costs. Building cons – Limited value-adding potential: There is little opportunity to add value to the property once you’ve purchased it so it may take longer to achieve capital growth. – Greater market risk: New properties are generally the first to see price declines when the market softens, while established properties will either maintain their price value or experience a minimal adjustment. Source: Bessie Hassan, Finder.com.au Domain Home Price Guide Find out what your property's worth Find out now! WE RECOMMEND The humble suburbs named hotspots 79pc dump property if negative gearing ditched First-home buying woes: The debt holding Gen Y back $100,000 Two wills, two wives: bitter fight over Mike Smith's $2m estate Sydney Morning Herald Executive rents tumble: Tamarama leads nation with 40pc annual fall AFR Recommended by Explore a suburb  We recommend Melbourne's fastest selling suburbs for houses and units Investors surge back into property market as election looms What does $20 million buy in the shire? House of the Week: Deserves a medal Eight tips to tackle a budget apartment renovation How celebrity designers are drawing the buyers ========================================================= May 27 2016 at 11:45 PM Updated May 27 2016 at 11:45 PM Save article Print Reprints & permissions Risk and fear rise as failed apartment deals reach $5b Share via Email Share on Google Plus Post on facebook wall Share on twitter Post to Linkedin Share on Reddit The $3 billion Perth City Link project occupies a massive 13.5 hectare site. The $3 billion Perth City Link project occupies a massive 13.5 hectare site. Supplied Share on twitter Share on Google Plus by Matthew Cranston Almost $5 billion worth of failed residential development deals this week and a growing number of apartments being sold at a loss is raising the levels of risk and fear in the property industry. Apartments in Melbourne are selling for as much as 24 per cent less than their owners paid for them. And some of the country's biggest builders and residential developers are turning their backs on billions worth of contracts because the numbers no longer add up. AFR Weekend can report that in Brisbane, where there are jitters about an apartment oversupply next quarter, the offshore backed PDS Australia's proposed $1 billion apartment project at 545 Queen Street is on tenterhooks. Knight Frank have been appointed to on-sell the property that PDS bought for $82 million last year from GPT's wholesale office fund. Price reductions on Melbourne city apartments Price reductions on Melbourne city apartments This comes after developer Mirvac and Western Australia's Metropolitan Redevelopment Authority terminated an agreement on Tuesday for the $3 billion Perth City Link precinct, where there were expected to be 1200 dwellings built. In Sydney on Monday, media-shy construction giant Brookfield Multiplex ditched its contract to build Sydney's tallest residential tower – the Greenland City Centre – being developed by China's largest state-backed real estate group, Greenland. The $700 million, 235-metre tower had seen almost all its apartments sold off the plan. Industry sources said Brookfield had been through 97 iterations of how to make the project work before giving up. One of the country's leading property planning experts Urbis's regional director Peter Hyland says the risk is starting to become more apparent. "I think a lot of people are more cautious now and sensibly so," Mr Hyland said. "People are closely looking at who is carrying the risk. People are looking at how the market is slowing and they have to be prudent." An artist's impression of Greenland City Centre. On Monday, construction giant Brookfield Multiplex ditched its contract ... An artist's impression of Greenland City Centre. On Monday, construction giant Brookfield Multiplex ditched its contract with Greenland, China's largest state-backed real estate group. And his view on major developers and construction companies pulling out of major residential projects? "Brookfield clearly doesn't have to take on work if it doesn't need it." Making construction projects profitable will be even harder after construction workers won a 5 per cent a year pay hike in this week in Victoria, well beyond the rate of inflation. While there are varying analyses of the apartment supply and demand in each capital city, most point to an oversupply within the next two years. BIS Shrapnel said in March that Melbourne's oversupply would be significant, and in Brisbane it would be worse. An artist's impression of the Jewel project at Broadbeach on the Gold Coast to be built by Brookfield Multiplex and ... An artist's impression of the Jewel project at Broadbeach on the Gold Coast to be built by Brookfield Multiplex and developed by China's Dalian Wanda. "It is an accident waiting to happen," BIS said. In Sydney, respected valuers Opteon Property Group said parts of Sydney's booming apartment market face a price correction next year as they tip into oversupply. As all this plays out you have weekly, if not daily, reports of lenders clamping down on the borrowing practices for apartments for both foreigners and domestic investors. Lender Firstmac announced on Friday that it was restricting lending for apartments and its chief executive Kim Cannon said: "It is quite obvious there is going to be a problem in the future." That Mr Cannon is speaking like this is significant, because Firstmac is one of the more aggressive lenders in the market and has made a lot of money lending to people investing in apartments. It follows Westpac ceasing to lend to all foreigners for apartment purchases and both ANZ Banking Group and Westpac discovering they had each approved "hundreds" of home loans backed by fraudulent Chinese income documents. Even AMP Bank placed apartments in more than 140 suburbs on a confidential black list because of growing concerns about oversupply. The tighter lending, although offering a business opportunity to those lenders outside the big banks, could spook property developers, some of whom have already suffered 20 per cent losses as Perth's boom market went bust. In December, Thai developer Minor International abandoned its plans to build two towers – a hotel plus apartments – on a portion of the site next to Perth Arena. A key test over the next six months will be the Gold Coast. There Dalian Wanda Group, owned by China's richest man Wang Jianlin, and its joint venture partner Ridong chose Brookfield Multiplex to build their first Australian project, the $1 billion Jewel resort on the Gold Coast. Reports of apartment sales there are steady with strong Chinese distribution channels relied upon to sell the apartments. But Australia's big banks have largely stayed away from the Gold Coast this cycle and there could be a good reason why. Read more: http://www.afr.com/real-estate/residential/5b-of-failed-residential-property-deals-mean-risk-is-rising-20160526-gp51bi#ixzz49vwUFEKe Follow us: @FinancialReview on Twitter | financialreview on Facebook =========================================== Mirvac Group will no longer develop one of Perth's biggest mixed-use projects within the Perth City Link precinct, after failing to reach agreement with the state government's Metropolitan Redevelopment Authority. The MRA said it had terminated the sales process for a master developer for eight lots at the $5.2 billion precinct, which encompasses 13.5 hectares of reclaimed land at the northern edge of Perth's central business district. "Despite the best efforts of both parties, we were unable to reach a satisfactory agreement that is consistent with our initial expression of interest and delivering value for Western Australian taxpayers," said MRA chairman Richard Muirhead. Mirvac became the sole preferred developer of the $3 billion project in January after losing joint-venture partner Leighton Properties. The two property giants were chosen as preferred developers in December 2013. The huge site, created by the sinking of train and bus lines and demolition of the old Perth Entertainment Centre, is expected to accommodate around 1200 apartments surrounded by offices, shops and outdoor pedestrian areas. "Mirvac worked collaboratively with the MRA over the past three years. However, changing market conditions and circumstances meant we could not agree on a path forward that met the requirements and objectives of both parties," said Mirvac's head of residential, John Carfi. Weaker market The decision not to proceed with the project may be chalked up as a win by Mirvac, which will no longer have to allocate capital to the weaker Perth market. Mirvac described conditions in the Perth office market as "challenging" in its most recent quarterly update. Related Quotes MGR MIRVAC GRP STAPLED (MGR) $1.970.031.29% volume 12625078value 24756810.0 5 years 1 Day May14GMT+1000 (AUS Eastern Standard Time)May11May161.521.0882.072 Last updated: Sat May 28 2016 - ‎1‎:‎07‎:‎50‎ ‎PM View full quote Company Profile Real estate investment, development and investment management. http://www.mirvac.com Real Estate Investment Trusts (REITs) (404020) ASIC 003280699 ASX Announcements 9/5/16 Mirvac acquires Toombul Shopping Centre, Brisbane 9/5/16 VCX: $841.4 million portfolio sale 5/5/16 Change in substantial holding from AMP 3/5/16 MGR 3Q16 Management Update 3/5/16 MGR 3Q16 Operational Update View all announcements In December, Thai developer Minor International abandoned plans to build two towers – a hotel plus apartments – on a portion of the site next to Perth Arena. The MRA said it would seek expressions of interest "in the coming weeks" to temporarily activate the vacant site around the new Perth Busport, while an alternate sales strategy was developed. MRA CEO Kieran Kinsella anticipated the initial land release to go to market before the end of 2016. "We are committed to ensuring that the Perth City Link project returns the highest of benefits to the community and will consider interim activation opportunities for the thousands of bus passengers, city workers and visitors to enjoy," Mr Kinsella said. In February, construction commenced on Yagan Square, a new public space incorporating a fresh-food market and native gardens at the eastern end of the City Link site, next to Perth Railway Station. Another part of City Link, Kings Square, is being developed by Leighton Properties with three office towers completed and a fourth under construction. DEXUS Property Group and its wholesale property fund owns three of the seven towers planned for the site. Read more: http://www.afr.com/real-estate/commercial/development/mirvac-quits-3b-perth-city-link-development-project-20160524-gp2ebg#ixzz49w5lo1PM Follow us: @FinancialReview on Twitter | financialreview on Facebook

Land & Properties for sale in South Australia (Residential, Commercial, Industrial & Rural)

Letter of Invitation: I have land for sale in South Austalia starting from just 10 cents/ square meters to some properties for as less as equivalent to price of 2 mangoes/ square meters. I would be available to answer any queries regarding best suburbs to integrate socially, just to let you know 21 suburbs of South Australia which are red-flagged by Australian banks. I am happy to provide detail answers to any questions with reference to Property Investment, Subdivision, Development, Buying/ Selling Residential, Commercial, Rural Properties and Businesses. I am available in person (Tue/Thu at 1289 South Rd, St. Marys, SA 5042 12 to 5 p.m) or on cell to answer any questions, and concerns you have to decide about your Real Estate. (Cell: 0431 138 537, Email: Saqlain@Dukesrealestate.com) Click here to invest in South Australian Residential Commercial, Rural Properties, Schools & Businesses. If you have something for sale, I can sell it for you at nominal fee. I sell land on this Earth for as cheap as 10 cents/ Sq.M to a price equivalent to price of 2 Aussie Mangoes/ Sq.M. I hope tomorrow I will be selling and leasing Moon's Surface. (Earth is rising over the Moon's Surface), Source: https://www.facebook.com/RealEstateSA5000/photos/a.899877783394135.1073741829.899009183480995/920077631374150/?l=734b9eef72 Council Names Diagram Book Name Hundred Name 290 Councils Show Show entries entries entries Search: Search: Search: Option Option Option Adelaide Corp Adams Adams Albert District Rd. Bd Addison Addison Aldinga DC Adelaide Adelaide Alexandrina DC Adelaide And Parklands Alexandrina Alma Plains DC Alexandrina Allen Angas DC Allen Allenby Angaston DC Allenby Alma Apoinga DC Alma Andrews Balaklava DC Andrews Angas Barmera DC Angas Anna Barossa DC Anna Anne Barossa East DC Anne Apoinga Barossa West DC Apoinga Appila Beachport DC Appila Archibald Belalie DC Archibald Arkaba Belvidere DC Arkaba Ash Benara DC Ash Auld Berri DC Auld Ayers Black Springs DC Ayers Bagot Blanchetown DC Bagot Bagster Blyth DC Bagster Bakara Booborrowie DC Bakara Baker Booyoolie DC Baker Balaklava Bremer DC Balaklava Baldina Brighton Corp Baldina Bandon Brighton DC Bandon Barna Brinkley DC Barna Barndioota Broughton DC Barndioota Baroota Brown's Well DC Baroota Barossa Burnside Corp Barossa Bartlett Burnside DC Bartlett Barunga Burra Burra DC Barunga Barwell Burra Corp Barwell Batchelor Burra DC Batchelor Beatty Bute DC Beatty Beeamma Caltowie DC Beeamma Belalie Campbelltown Corp Belalie Belvidere Campbelltown DC Belvidere Benara Carrieton DC Benara Bendleby Caurnamont DC Bendleby Berri I A Central Rd.Bd Berri I A Bews Central Yorke Peninsula DC Bews Bice Clare Corp Bice Billiatt Clare DC Billiatt Binnum Clarendon DC Binnum Black Rock Plain Cleve DC Black Rock Plain Blacker Clinton DC Blacker Blanche Cobdogla DC Blanche Blesing Coglin DC Blesing Blyth Col. Light Gardens Corp Blyth Bockelberg Coonalpyn Downs DC Bockelberg Bonney Crafers DC Bonney Bonython Crystal Brook DC Bonython Bookpurnong Dalkey DC Book A Boolcunda Dalrymple DC Book B Booleroo Dublin DC Book C Boonerdo Dudley DC Book D Boothby East Murray DC Book E Booyoolie East Torrens DC Bookpurnong Borda Echunga DC Boolcunda Boucaut Edithburgh Corp Booleroo Bowaka Elizabeth Corp Boonerdo Bower Elliston DC Boothby Bowhill Encounter Bay DC Booyoolie Bray Enfield Corp Borda Bremer English DC Boucaut Bright Eudunda DC Bowaka Brinkley Flaxmans Valley DC Bower Brooker Flinders DC Bowhill Brownlow Flinders District Rd. 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Bd Colebatch Conmurra Kulpara DC Coles Coolinong Lacepede & Robe DC Colton Coombe Lacepede DC Comaum Coomooroo Lameroo DC Condada Coonarie Laura Corp Coneybeer Coonatto Laura DC Conmurra Cootra Le Hunte DC Coolinong Copley Light DC Coombe Corrobinnie Lincoln DC Coomooroo Cortlinye Loxton DC Coonarie Cotabena Lucindale DC Coonatto Cotton Macclesfield DC Cootra Cowan Macclesfield District Rd. Bd Copley Crozier Maitland Corp Corrobinnie Crystal Brook Mallala DC Cortlinye Cudlamudla Mannum DC Cotabena Cultana Marion Corp Cotton Cummins Marion DC Cowan Cungena Marne DC Crozier Cunningham Meadows DC Crystal Brook Cunyarie Melville DC Cudlamudla Curramulka Meningie DC Cultana Dalkey Midlands District Rd. Bd Cummins Dalrymple Millicent DC Cungena Darke Minlaton DC Cunningham Darling Mitcham Corp Cunyarie Davenport Mitcham DC Curramulka Day Mobilong DC Dalkey Dixson Monarto DC Dalrymple Downer Monarto Development Comm Darke Dublin Moonta Corp Darling Dudley Morgan DC Davenport Duffield Morphett Vale DC Day Duncan Mount Barker DC Dixson Dutton Mount Bryan DC Downer Eba Mount Crawford DC Dublin Edeowie Mount Gambier Corp Dudley Encounter Bay Mount Gambier DC Duffield English Mount Gambier East DC Duncan Erskine Mount Gambier West DC Dutton Ettrick Mount Muirhead DC Eba Eurelia Mount Pleasant DC Edeowie Eurilpa Mount Remarkable DC Encounter Bay Everard Mudla Wirra DC Encounter Bay, Goolwa & Waitpinga Boundaries Field Mudla Wirra North DC English Finlayson Mudla Wirra South DC Erskine Finniss Munno Para DC Ettrick Fisher Munno Para East DC Eurelia Fisk Munno Para West DC Eurilpa Flinders Murat Bay DC Everard Forrest Murray Bridge Corp Field Forster Murray Bridge DC Finlayson Fox Myponga & Yankalilla DC Finniss Freeling Myponga DC Fisher French Nairne DC Fisk Gambier Naracoorte Corp Flinders Geegeela Naracoorte DC Forrest Gilbert Narridy DC Forster Giles Neales DC Fox Gillen Ninnes DC Freeling Glen Roy Noarlunga Corp French Glyde Noarlunga DC Gambier Glynn North District Rd. Bd Geegeela Gold Claims North Midland District Rd. Bd Gilbert Goode North Rhine DC Giles Goolwa Northern Yorke Peninsula DC Gillen Gordon Norwood DC Glen Roy Gosse Nuriootpa DC Glyde Goyder Onaunga DC Glynn Grace Onkaparinga DC Gold Claims Gregory Onkaparinga District Rd. Bd Goode Grey Orroroo DC Goolwa Gumbowie Out Of Districts Gordon Guthrie Owen DC Gosse Hague Para Wirra DC Govt Towns Haig Paringa DC Goyder Haines Payneham Corp Grace Hall Payneham DC Gregory Hallett Peake DC Grey Hambidge Peninsula DC Gumbowie Handyside Peninsula District Rd. 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Harbour Front, Dolmen Mall: Arif Habib, Dolmen Group to sell their stake

Ports minister says East Bay Expressway to connect Gwadar with rest of country. STOCK IMAGE ISLAMABAD: The federal ports and shipping minister has said the government will soon upgrade the Gwadar airport to international standards. Talking to the media in Islamabad on Sunday ahead of the Chinese president’s visit to Pakistan, Kamran Michael said that Rs26 billion have been set aside for the project, which will be inaugurated soon. He said the Gwadar port was a key project for Pakistan and would have significant impact on the economic development of the country. “This port is the deepest of all ports in the Persian Bay, Arabian Sea and the ports in the Bay of Bengal.” The deep-sea port at Gwadar is at the mouth of the Persian Gulf. It has been operational with three berths, each having a length of 200 metres. Michael said in the light of an agreement signed in 2013 with the Chinese, the operational matters at the port were handed over to China, which would handle the port in consultation with Gwadar Port Authority. He added the government was also working on a project of “East Bay Expressway” – a road network connecting the Gwadar port with other cities. “This road may be called the main artery of the Gwadar port, as entire traffic and commercial operations will be carried through this network,” he said. “This will help the investors for easy access to the free trade zone.” The minister claimed the port authorities had acquired 2,281 acres land for building roads, as the port was the gateway to China and the progress of the country and the region was related to it. With Chinese President Xi Jinping coming to Pakistan today, the port would be high on his agenda in talks over the China-Pakistan Economic Corridor, which would connect Kashgar in China’s Xinjiang region to Gwadar. Published in The Express Tribune, April 20th, 2015 By Kazim Alam Published: April 10, 2015 The properties will generate rents that will be distributed among unit holders in the shape of dividends every year. PHOTO: DolmenGroup.com The properties will generate rents that will be distributed among unit holders in the shape of dividends every year. PHOTO: FILE . KARACHI: Opening up investment opportunities for small investors in an otherwise illiquid property market, Pakistan’s first ever real estate investment trust (REIT) scheme is expected to be listed on the stock exchange by the end of May. REITs are collective investment schemes that pool investors’ funds for onward investment in real estate. Regulatory approval for Dolmen City REIT has already been obtained by Arif Habib Dolmen REIT Management, which is the management company behind the initial public offering (IPO) of the country’s first REIT on the Karachi Stock Exchange. Speaking to The Express Tribune in an interview, Arif Habib Dolmen REIT Management CEO Muhammad Ejaz said the IPO will raise approximately Rs22.6 billion. The Arif Habib Group, one of the country’s largest business houses, and the Dolmen Group, a prominent real estate developer, have equal shareholding in the REIT management company (RMC). In Pakistan, REITs operate like close-end funds, as pooled capital is invested in real estate and its units are listed on the stock exchange that investors can buy and sell just like ordinary stocks. Small investors have traditionally been unable to take part in real estate investments in Pakistan, as the property market is considered to be highly illiquid and capital intensive. There are few publicly listed property developers in Pakistan while REITs have practically been non-existent so far. Mutual funds – which are considered a better investment avenue than direct stock investing for ordinary people – are not allowed to have exposure to real estate under the present regulatory regime. The transaction Arguably among the most expensive commercial properties in Karachi, Dolmen City Project is located on the seafront. The property – which has five components, namely Harbour Front building, Executive Tower, Dolmen Mall and two under-construction towers – is owned by International Complex Project (ICP). The Arif Habib Group controls 20% shares in ICP while 80% ownership rests with the Dolmen Group. Every REIT fund needs to have separate underlying assets in order to qualify for a public listing. Dolmen City REIT is acquiring two components of Dolmen City Project: Harbour Front building and Dolmen Mall. The resources that the fund will use to acquire the two properties will be provided by unit holders through the IPO. The pre-IPO phase will consist of the placement of 75% of the offer’s total units with the sponsors of the ICP and RMC at Rs10 per unit. The rest of the 25% units will be publicly offered during the IPO in two separate phases. Three-fourths of the 25% units on offer will be sold to institutional investors and high net worth individuals through book building. The remaining one-fourth units will be sold to retail investors at a strike price determined during the preceding book building phase. 9.25% dividend The properties will generate rents that will be distributed among unit holders in the shape of dividends every year. According to Ejaz, unit subscribers should expect a 9.25% dividend yield in the first year. Any appreciation in the value of the property will be the added return, he said. “Rent agreements have escalation clauses. So the rental income will increase gradually,” he said. The speculative element in this investment is minimal because the Harbour Front building has blue-chip companies as tenants while the shopping mall is also doing well commercially, he added. Industry outlook Arif Habib Dolmen REIT Management and AKD REIT Management are the only two active RMCs in the country. However, an RMC can list more than one REIT, as each scheme will have a separate unit price based on its underlying assets. Arif Habib Dolmen REIT Management has filed eight applications with the Securities and Exchange Commission of Pakistan for the public listing of as many REITs, Ejaz said. In addition to planning the listing of one of the group’s residential apartments project through a developmental REIT, Ejaz said his RMC is also in talks with banks that own a lot of real estate to gauge their interest level. “Property ownership makes the costing of banking products a big challenge. Converting banks’ holdings in real estate into publicly tradable units through REITs will benefit them greatly,” he said, adding that banks are waiting for the first REIT transaction to take place before deciding their future course of action. Published in The Express Tribune, April 10th, 2015. Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.