29 Aug '12, 8am

STOCKS NEWS SINGAPORE-S'pore, Bangkok commercial assets to drive ... - Reuters

Pacific Star Group, a real-estate investment firm, said it expects retail and office sectors in Singapore and Bangkok to drive investment in Asia's property sector, despite a deteriorating Chinese outlook and global economic woes. Property companies or trusts that own commercial assets include Keppel Land, CapitaCommercial Trust, Suntec REIT and CapitaMall Trust. Singapore-listed developers have gained about 31 percent so far this year, while real-estate investment trusts have risen 26 percent, compared to the benchmark Straits Times Index's 15 percent increase. Singapore continues to be an attractive business centre, with firm leasing demand from non-banking sectors cushioning softer demand from the financial sector, Pacific said in a statement. Thailand's capital Bangkok has also seen enquiries for office leases rising amid improving post-flood economic environment and a...

Full article: http://in.reuters.com/article/2012/08/29/markets-singapor...

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Bangkok (pt. II)

Bangkok (pt. II)

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