It is a full new way which is introduce in the property field for calculating the house price with the help of performing the property's Current Fair Market Value. Such things will get sorted when you will try to work with the high profile people for making the steps done in the victorious ways. Brad says that he would like to go back to Colorado and climb some of the 14,000 tall mountains that he hasn’t conquered. Last year, a trek through the jungles of Peru sent Beverly home and into physical therapy to overcome a sciatic nerve problem.

Trying to find a comfortable place to sleep in the jungle was another problem. I couldn’t put my weight on my foot. I literally had to step and drag the foot. Brad had packed two pain pills and they helped, but then I didn’t have any control over the leg. We really enjoyed getting out our mountain climbing journals and pictures for this article. A decade ago, a clandestine meeting with a Russian agent would come under close scrutiny by at least a couple of state departments.

This is the main reason for you who will make the whole procedure done in the very right ways and you will do all the things properly according to the suggested ways and defined steps. When all the steps for the property valuation are done in the right manner then the whole procedure will face profit. But for Jan and Nat Justice, part owners of Treasures and Trivia, located on Broadway in Black Mountain, a Russian agent means their craft and artifact dealer rather than a secret agent.

During March, Jan and Nat Justice visited St. Petersburg in Russia to meet Vladimir Semenov. The Justices became part-time owners of Treasures and Trivia four years ago, and had only interacted with Semenov through phone calls. Jan Justice is also an avid ice-skating fan, and when it was announced that the world ice-skating championships were to be held in Moscow this year, the Justices thought this would be the perfect time to meet their Russian art and artifact dealer.

Guidance should supplement the normal complaint handling rules but should not introduce a review process. It is important that the procedures for assessing a complaint should not incur costs which are disproportionate to the resultant outcome. AIFA welcomes the fact that firms will be able to take a flexible approach to each case and follow their own judgement whilst retaining the principles of guidance. It is important for both consumers, and the industry as a whole, to ensure that the regime. But regulators must also take into account the fact that IFAs are, for the most part, small businesses with limited resources at their disposal. visit website to learn more : Valuations QLD

In addition, they must also recognise that a good deal of the information that IFAs may need in order to deal with complaints, is held by third parties. AIFA’s suggestions for improving the guidance will help IFAs respond more efficiently to complaints. AIFA is also publishing today its response to the FSA’s CP70: Mortgage Regulation - the FSA’s High Level Approach and its response to the Mortgage Code Compliance Board’s consultation paper on updating its registration rules. These problems do not exist in the IFA market and the FSA must ensure that it does not create problems for those who want to find independent advice.

As far as enabling tied agents to sell stakeholder holder pensions and CAT marked ISAs, the FSA has ducked the key question of how the tied agent will select the most suitable product and provider for a consumer from the new extended range available. There does not appear to be a requirement (similar to the one that exists for IFAs) for the tied agent to fully justify the decision making process. In its paper, the FSA has not identified any additional costs for further training for tied agents to enable them to be able to advise on new products.

The FSA may say it is keen to ensure that consumers end up with the right product but AIFA is not convinced that its proposals will deliver this. On the proposed complaints procedure, AIFA believes that consumers should not be put in a position where the buck can be passed between the representative’s company (for complaints about advice) and a different product provider (for complaints about the product).

The basic method of property Valuations VIC is easy and if you are working with the experienced property valuers then it is no huge task for you to find the house price. Many companies are risking missing the opportunity to save money on rates, says Andrew Kilpatrick of Thompsons. 31st March 2001 is the last chance to appeal against old rating assessments under the 1995 Rating List, many of which form the basis of current rates bills, thanks to transitional provisions phasing in rate increases and decreases. A successful appeal can often be backdated to 1 April 1995 and if affecting the phasing of the new 2000 Rating Assessments, an appeal can produce rates savings for up to ten years from 1995.

If you hired the wrong property valuer then there is point to take tension and feel irritated because in that case you will face huge loss in your property as well as financial loss. Thompsons have successfully appealed a number of 1995 rating assessments where previous attempts to obtain rates savings have not been successful and in one instance on a property in Swindon Thompsons have saved an occupier over £70,000!

But working with the licensed property valuer will never let you face such situation and you will face only successful completion of your house valuation process. Then you will be able to make important decisions about your house. With the Uniform Business Rate for 2001/2002 increasing to 43 pence in the pound, and properties subject to phased increases receiving rate bills 18.8% higher than last year, a majority of businesses will be paying higher rates bills than last year.

Even properties which should be subject to a phased rate decrease will be paying more this year as the phased decrease permitted (2½% for large properties) is more than wiped out by the inflation factor (3.3%), converting what should be an entitlement to a reduced bill into higher liability from 1 April 2001.

The fall-off in office demand mirrored the weak 1.1% GDP growth in 2003. Although the economy is on the mend, there is a 3 to 6-month lag before economic conditions filter through to increased office demand.As a comparison, suburban rentals are about $3.20 psf pm. Roughly 200,000 sq ft of space at HUB Hub has been made available this quarter, after last year’s corporatisation and the re-structuring of HDB.

On the positive side, the 2004 Budget offered a series of corporate incentives to attract inward investments, including a widely anticipated drop in the corporate tax rate from 22% to 20%.The preferential taxes under the RHQ and pioneer status schemes were both extended.Credit Suisse First Boston announced plans to locate one of its three Global Support Centres here in Singapore. Research from various sources also indicates that occupation costs for office users have fallen, enhancing Singapore’s cost competitiveness in the rankings of major cities in the world.

There is also rising interest in moving to Core Central for those companies that are not currently there as the rental spread between districts has narrowed and there is an abundance of prime office supply available for lease in the district. For buying a property or selling Automated valuation model is the best choice.

Most agree that GDP should grow by 3.5-5.5%, notwithstanding the re-emergence of terrorism after the Madrid train bombing and the bird flu virus early this year. Some concern has been raised about the strength and sustainability of the US recovery that has turned out to be a poor job generator. But, for Singapore, prospects appear brighter because of more bullish sentiment in Asia ex-Japan.

The recent Madrid bombing, and uncertainty over the Taiwan elections have, however, raised risk exposure levels for corporate location and expansion decisions. The proposed BFC project is anticipated to be launched in May this year, but the full impact on the leasing market might not be felt immediately.Most landlords have firmed their asking rentals and are more reluctant to grant extensive concessions to prospects. Leasing activity should improve as the economy registers firmer growth, but rentals will require another 9 months or so to show signs of upturn, occurring only after the prevailing glut is partially absorbed and vacancy improves to around 12% or so.

Depending on how the market reacts to the trading of CCT units when it is listed around May this year, capital values may be re-rated downwards to raise the distribution yield to at least 5.5% or so. 18.1%.Singapore’s purchasing managers’ index (PMI) continued to signal expansion even though it fell by 0.7 points to 53.1 points in February 2004. The dip in PMI was attributed to the slower increase in new orders from both internal and external markets.

The total stock of factory space increased marginally by 0.8% to 26.37 million sm (net) in 4Q 03. 60.9% of the additional supply was contributed by the public sector while the remaining 39.1% was contributed by the private sector.Shorter tenures lower upfront business costs and aid end-users in their cashflow. Interest should be strong especially from motor vehicle dealers.

Over 90% of the 12-hectare UBI Techpark jointly built by reputable developers CapitaLand Commercial and MCL Land has already been sold. The balance 61 units were relaunched with average prices from $150 psf and attractive promotion packages. Demand for JTC’s industrial units was mixed in 4Q 03. Demand for business park space rose strongly from 1,071 sm in 3Q 03 to 16,195 sm in 4Q 03, due to space taken up by Novartis in Biopolis (4,900 sm) and IBM in Changi Business Park (9,600 sm). Net allocation of ready-built factories rose for the first time to a positive 14,771 sm, after 5 quarters of decline.

factory also improved to a positive 3,500 sm. However, net allocation for both prepared industrial land and flatted factory space remained negative at 1.6 ha and 11,100 sm respectively.In 1Q2002, the private residential market was very active because the buying momentum from last year spilled over into the early part of the year.

The Waterina, Country Park, Adam Park, Cote d’Azur and The Shelford are the more successful launches. A property master profoundly Several Good Class Bungalow (GCB) sites have been put up for sale in 2Q2002. These includes the Leedon Park, Nassim Road and Camden Park sites. GCB is the most prestigious type of landed housing and if responses to these sites are good, this could signal a recovery of the residential market.

The 4,145 units sold by developers in 1Q2002 was a onethird leap from the already impressive 3,111 units sold in the previous quarter, when developers managed to revive demand after Sept 11 by offering deferred payment schemes and price cuts. Following the trend in the last two quarters, quite a number of projects were launched and re-launched at attractive prices in 2Q2002. free weekly maid service for a year and early birds’ discount were some of the freebies used by developers to attract buyers.

"I thought that maybe it was that people were seeing battlefields strewn with bodies on their evening news and weren't interested in seeing the same kind of thing -- even though it was 2,000 years earlier -- in movie theaters," he said. Don't imagine it any other way, the trustee has been there, done that a couple times and is very much aware that individuals will need to downplay the estimation of their house valuations trying to ensure a greater amount of it. This site, with a land area of 108,545 sq ft, may be amalgamated with some remnant state land to form a larger site area of 140,000 sq ft. This site, with a land area of 108,545 sq ft, may be amalgamated with some remnant state land to form a larger site area of 140,000 sq ft.

URA’s flash estimate showed that for 2Q 2002, the residential price index fell 0.5%, compared to 1.1% for 1Q 2002. Despite caution about economic prospects, this figure does indicate a bottoming of price movement, although recovery could prolonged. At the end of 1Q2002, there were 14,558 and 1,666 unsold units in uncompleted and completed private residential projects respectively.

Sentiments in the home-buying market have been slightly dented by the possible changes to the CPF system relating to housing, and to a certain extent, the just concluded World Cup. However, it did not stop certain projects from registering successful launches. Projects, which are priced attractively like The Shelford and The Waterina, have been successful. With the take-up rate at recent launches posting satisfactory results, the residential market should be bottoming out. There is, of course, grave concern that the fallout from worldcom, Xerox and potentially other Amercian MNCs could choke the US recovery and retard Singapore’s.

News of more inevitable retrenchments and the Chinese New Year lull were the contributing factors for the limp demand. Transaction volume for HDB resale flats fell 6.6% to 8,909 in 1Q2002 as compared to the 11.8% drop in 4Q2001. Demand for all flat types, except 5- room flats has fallen. Applications for 5-room flats rose marginally by 3.2%.The 1Q drop in overall demand for resale flats were attributed to the release of 1,900 new flats in mature estates and to a smaller extent the walk-inselection scheme for new flats in outskirts such as Sengkang. Another reason could be the lagged effect resulting from the economic uncertainty, which began last year.

These campaigns seemed to be raking in the goods for HDB because from the walk-in-selection exercises held, we can see a good demand for the new flats as the people started queuing as early as 4 days before the flats were offered for sale. HDB resale flat prices shed 0.8% in 1Q2002, indicating that the public housing market is finally bottoming out.

Average valuations of HDB resale flats, which trail resale flat prices declined by about 1.1% to 2.3% in 1Q2002. The market for EC has been rather quiet. the feel good signs are turning into concrete figures, with recruitment firms reporting an increase in job offers.As at 1Q 2002, the total supply of office space in both the private and public sectors is 116,000sm, compared with -17,000sm in the previous quarter. The demand in 1Q 2002 was -47,000sm, which signified a 2.3% decrease in occupancy rate, compared to the previous quarter. The amount of office space under construction decreased by 26.0%, from 507,000sm gross in 4Q 2001 to 375,000sm gross in 1Q 2002.

As demand is expected to be weak, a sizeable amount of new space will remain unoccupied. SGX is trying to sublet a total of 120,000sf of leased space at The Exchange and OUB Centre, as it has moved most of its operations to Unity Towers.

The stream of indirect supply resulting from excess space in existing developments in the market, which is termed ‘shadow’ space, is expected to dampen real occupancy and rentals. You will discover there's property valuation degree outfitted by few universities; individual who holds such degree is the best person that can assess your home, why simply give someone a chance to handle it accessible to get the best. There is 4 million sf of new office projects being completed this year, compared with an average annual new supply of 2.8 million sf in the last 4 years.

This goes to show that customers still rule when it comes to determining the price. Average effective prime office rentals for Q1 2002 is $5.66 psf, which is a 10.1% fall from Q4 2001. Rentals are expected to dive below an average of $5.50 psf. Landlords are starting to reduce their rentals to more realistic levels, up to 15% in some cases. The decline in rental and capital values in 2Q 2002 have been slight.

The low top bid for a ‘white site’ by City Developments at Marina Boulevard may set a lower benchmark prime office capital value in the Central Business District, and even the rest of the island. Property equities may see downgrading of NAV to reflect the negative repercussions on office capital values.Stronger GDP growth of the manufacturing sector in the US should translate directly into improved prospects for Singapore’s exports, GDP growth and employment prospects. This, coupled with a historically low supply of new space, should eventually translate into office rental growth. Given the signs of recovery, albeit tentative, in both the US and the local economies, Q4 2002 may be the turning point.

As at 1Q 2002, the total stock of retail space declined by 12,000sm, compared to the 3,000sm decline in stock recorded for 4Q 2001. While total supply of shop space shrank in 1Q 2002, demand fell in greater magnitude by 27,000sm. Overall vacancy rate soared from 8.0% in 4Q 2001 to 8.9% in 1Q 2002. HDB Hub, HDB’s new headquarters at Toa Payoh, is opened. It occupies 56,000sm, and boasts a 4-storey shopping mall.

Zara, a popular fashion chain in Spain, will open its first boutique, a 11,000sf store, at Basement One of Ngee Ann City in September. Bedlinen firm Aussino Group opened its first 3,000sf-retail store at Paragon Shopping Centre. In view of the current weak economic conditions and competitive retail market, malls are constantly revamping themselves to stay attractive.

United Square along Thomson Road is going through a revamp, which will increase its net floor area to about 220,000sf, and add 58 new shops to the mall. Rentals of shop space in the Central Region decreased by 1.5% in 1Q2002, compared with the 6.0% decline in 4Q2001. where prime rentals in fact posted a marginal increase of 1% over 1Q 2002. There is an overall decline in captial values for all sub-markets.

The Retail Sales Index fell by about 4% in 2002 Q1 against the previous quarter in 2001. However, April figures seemed to suggest that retail sales are still in a downtrend. The index fell by 6.5% in April over March 2002.

On the off chance that you are blended about your property that to offer or not in light of current circumstances property valuer will help you by doing full valuation on your property utilizing home valuation process. Although official figures are not available yet, we anticipate that retail sales for 2002 Q2 will improve in view of the Great Singapore Sale in May/June. Receipts from tourists are also on the decline, from 20% of total retail spending in 1995 to 16% currently.

According to URA statistics, the demand for factory space fell from 84,000 sm in 4Q2001 to –59,000 sm in 1Q2002. Concurrently, supply increased sharply from 4Q2001’s 22,000 sm 234,000 sm. in 1Q2002. This mismatch in supply and demand drove the occupancy rate for factory space down by 1.1% to 89.3% in 1Q2002. On a smaller scale, the supply & demand of warehouse space as at 1Q 2002 was 40,000 sm & 7,000 sm respectively.

The islandwide occupancy rate of warehouse space remained unchanged at 87.3% as at 1Q2002. Based on the Economic Survey of Singapore, net investment commitments in the manufacturing sector improved by 52.2% from $1,418.1 million in 4Q2001 to $2,157.7 million 1Q2002, after declining for three consecutive quarters in year 2001.

In addition, following a 3.0% quarter-by-quarter increase in 4Q2001, the industrial production index improved by another 2.2% in 1Q2002. A few industrial properties have been receiving interest from investors. These include Hiang Kie’s freehold Hiang Kie Complex 1 and 2 (340,920 sf of GFA) at Genting Lane and 60- year leasehold Hiang Kie Industrial Building at Admiralty.

TAL Building at Jalan Pemimpin is also up for sale. The freehold light industrial property has a total GFA of 121,231 sf. According to JTC’s 1Q2002 report, the take-up for industrial land weakened as net allocation fell to a negative 11.2 ha, from a positive 15.5 ha in 4Q2001. This was due to the global economic downturn last year when Singapore’s economy suffered a 2% contraction compared to a 9.9% growth in 2000.

Despite the take-up rates slipping into negative territory, JTC launched 14 industrial sites totaling over 9.8 ha in the first OLAS for 2002. Market sentiments are still weak at this moment due to the unclear economic prospects in the US and the fallout from the WorldCom debacle.

The amount of factory space to be completed in 2002 is estimated to be 1,160,000 sqm, according to URA. Given the weak economic situation, demand is not likely to match this supply. JTC Corp’s 1st quarter’s performance across all sectors of its industrial facilities has been poorer than the previous quarter. JTC extended the 10% rental rebates, which was given July last year, for six more months. The first OLAS for 2002 will feature the launch of 14 Industrial sites totaling over 9.8 ha.

Construction of the 1.3 million sq ft facility called Technopolis in the new economy hub One North, will take place in September this year and is expected to be completed by 2004. JTC plans to develop its new state of the art Technopolis facilities at Ayer Rajah Avenue into a “Technology Icon” in Singapore as well as in the world. JTC take-up rates slipped into negative in 1Q2002 due to a decline in gross allocation from 22.1 ha to 12.1 ha.

The Government added 3 sites — Serangoon Central, Woodlands Dr 16/ 53, Bukit Ho Swee Cres/Link — to the reserve list for the second half of this year. Low residential sales in Australia caused CapitaLand’s turnover to fall 6.8% despite a jump in profit of 47% in Q1. Thales International Asia will receive a tax break at 13% that last 5-10 years for setting up its headquarters here. SingTel expects to reap S$200 million in annual revenue by 2005 from data hosting and plans to inject A$15 million in the next two years in Australia to boost the Optus data centre in Ultimo.

"I think he is taking what votes he gets from both sides," Brasell said. Remember to take a copy of the home advance valuation of the property; nonetheless it’s doubtful to highlight any issues you may generally find in a study.

The private residential market was in a state of inactivity for the most part of 4Q2001 after the September 11 attacks in the US. Both buyers and sellers were uncertain of the domestic and global economies and adopted a very cautious stance and were waiting to see how the events will unfold. However, in November 2001, the 100 % sell out of the Nuovo (Executive Condominium), opposite the Yio Chu Kang MRT Station by City Developments Limited injected life back into the lack lustre residential market.

Riding on the positive response to the launch, towards the end of 4Q2001 and early 2002, there was a spate of new launches and relaunches of freehold and 99-year leasehold projects. Successful launches include: The Warren, Amaranda Gardens, Golden Heights, Malvern Springs, Queens, The Serenade @Holland, Rio Vista, Butterworth 8, Country Park, The Jade and Rosewood. Of these 12 apartment projects are freehold while the remaining are 99 years leasehold.

The overwhelming take-up of the new launches over the past 3 to 4 months indicate that the support levels for these properties hover between $450 psf and $575 psf for the 99-year leasehold ones and $510 to $780 psf for the non-prime freehold units. Prime freehold units command $800 to $1,250 psf on average. Following a 4.3% decline in 4Q2001, the URA residential property price index fell a further 1.1%, in the first quarter of 2002. The current rental trend is probably flat with slight upside potential for the high end apartments.

Encouraged by the more upbeat market and overwhelming take-up rate of 99-year leasehold residential units, some confidence has returned and developers have applied to the URA for sites on the Reserve List. The oversupply situation is not expected to be alleviated in the short term as take-up is still patchy and concentrated at the low end to mid level properties.

Developers owning land there are not in a hurry to launch as most of these site were picked up in 1995 and 1999 when the residential market were peakish. House valuation process is vivaciously positive for everybody and to make everything the all the in like course pushing forward in a clearing manner secure a guaranteed and experienced property valuer to manage your entire framework for concerning property.

The two sites are the private condominium site in Ang Mo Kio with a site area of 20,027.9 sm and plot ratio of 3.5 with a reserve price of $180 psf ppr, and an EC site in Pasir Ris with a site area of 17,229.4 sm and plot ratio of 2.8 with a reserve price of $105 psf ppr. The Ang Mo Kio parcel drew 8 bids with the highest attaining over $240 psf pr for the maximum bid.

To-date, only one site at Lengkong Empat has been released for sale after one of the developers committed to a minimum bid of $9.0 million or $136 psf ppr for the 2,935.9 sm site with a plot ratio of 2.1.

The three sites, when awarded will yield some 570 units of 99-year leasehold non-landed residential units and 370 units of ECs assuming average sizes ranging from 110 to 120 sm per unit. However, some uncertainty emerged very recently following several ministerial announcements on potentially curbing the use of CPF on property. This caused the market to grind to a halt. The actual direction of the market await clarity on government policy on this issue.

The better than expected take-up rate for new residential launches bodes well for the Investment market. Property valuation and rates controls examining full house to interpret that its reviewed cost in the current degree field. There is now more interest by investors in residential development land. T h e s e potential buyers are those who have as yet purchased land or do not have an existing land bank. Here well-located sites in prime districts as well as highly accessible suburban sites, could see some demand as long as they are attractively priced.

However, some uncertainty emerged very recently following several ministerial announcements on potentially curbing the use of CPF on property. This caused the market to grind to a halt. The actual direction of the market await clarity on government policy on this issue. There is now more interest by investors in residential development land.

T h e s e potential buyers are those who have as yet purchased land or do not have an existing land bank. Here well-located sites in prime districts as well as highly accessible suburban sites, could see some demand as long as they are attractively priced. Transaction volume registered its 2nd consecutive decline of 11.8% to 9,534 in 4Q2001 after a 4.3% drop in 3Q2001. The revised singles housing scheme, allowing those above 35 years old to buy a 3-room flat in the central area, has helped to support demand for 3- room flats.

bigger HDB resale flats has come under downward pressure as prices of low-end private residential developments – increasing seen as attractive substitutes – continue to soften. Prices of these new flats released for sale in March 2002 were about 4% to 11% lower compared to the previous quarter.

Prices fell 3.1% year-on-year in June, the 57th consecutive monthly decline recent weeks, retailers have been lowering prices in order to help stimulate. The 'We Love HK' campaign that was launched after the SARS outbreak is viewed as being highly successful in helping the hard hit airline, hotel and retail sectors. Layoffs in tourism, retail and the restaurant trade were the largest contributors to the rise in unemployment.

Although business activity has improved, many employers remain wary about the direction of business growth and are cautious about taking on new staff. On a brighter note, exports grew 14.7% over the first half of 2003 compared to the same period last year. Demand was largely driven by countries in the Asian region, and to a lesser extent by Europe and the United States. More than 725,000 tourists arrived in Hong Kong in June, representing a decline of 38% year-on-year but a dramatic improvement. From the dismal figures witnessed in May.

Mainland Chinese tourist arrivals have shown both the fastest and the strongest rebound. Average hotel occupancy also increased to 34% in June, compared to an average of 17% the previous month. Rents continued to soften throughout most office districts over the month, averaging a 1.8% decline in June.

The strongest decline was witnessed in Central where rents fell 3.2%, whereas rents in Tsimshatsui held steady over the month. Leasing activity remains largely focused around tenants looking to consolidate or reduce the size of their leased premises.Tenants that are moving are doing so because of low market rents currently and the opportunity to upgrade to a better location or building.

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Take-up appears to be improving for prime properties in the Central district Hongkong Land, the major landlord of grade A offices in Central, recently stated that occupancy in its Central portfolio had risen to above 90% compared to below 90% in 2002. This may be attributed to the fact that the spread in rents between districts continues to shrink The gap in rents between Core Central and Quarry Bay averaged HK$5 psf/month This narrows further to around HK$3psf/month when comparing Central to Wanchai/Causeway Bay.

There was a noticeable increase in prime strata-title office sales over the month Several units were sold in Lippo Centre and Bank of America Tower in Admiralty. This follows on the en-bloc sales of Vicwood Plaza and Ananda Tower in earlier months Interest in office investment may be rising as the Government grows closer to allowing the listings of REITs in Hong Kong Unemployment rate jumped to 8.3% in May, up from 7.8% a month earlier A Government spokesman noted that the sharp rise in the latest unemployment figure more fully reflects the impact of SARS on the local economy.

The increase in the number of unemployed came largely as expected from industries such as restaurants, retail, hotels and transport. Hong Kong's Government is expected to launch a HK$715 million temporary employment and training program in order to help job seekers and new entrants to the labor force. Despite these efforts, analysts expect that the unemployment rate will continue to rise over the coming few months.

Despite the improvement in business activity many retailers restaurant and hotel operators continue to report lower earnings due to a lack of tourists to Hong Kong. One very positive economic aspect of the past month was the performance of the Hang Seng Index which is up some 1,600 points since early May and has found support at the key 10,000 point level.With corporate performance figures improving, tenants are becoming more appreciative of the opportunity to upgrade both building quality and location at a historic low point in the market cycle.

This competition between developers is likely to continue for the immediate future and technical obsolescence will become a major factor in corporate decision making as older office stock competes head-on with the likes of Two IFC In addition to being able to secure significant amounts of rent-free months, many tenants are also being offered free fit-out of their new office premises.Investment interest in the office sector appears to be picking up with the recent rise in sales activity and en-bloc sales Prime office prices averaged 67% lower in June than compared to the peak of market back in Q3 1997 and many investors believe that prices are close to bottoming This follows on the sale of Vicwood Plaza in Sheung Wan to a property investment fund for HK$842.8million last month.

The building totals around 400,000 sq ft in gross floor area and is estimated to have a rental yield of around 6.8%. Property Valuation Sydney - valuation is the process of analysis property and transactions to determine comparable value. Domestic consumption slowly improved in May as the number of daily new SARS infections started to decline. The retail and restaurant sectors reported better patronage over the second half of the month as people began to resume their normal routines.

HK Tourism Board stated that 493,666 tourists visited Hong Kong in April, representing a decline of 64.8% year-on-year fewer tourists resulted in hotel occupancy rates averaging 22% in April, down from 87% a year ago Hotels in Tsim Sha Tsui were the most affected with average occupancy at only 15% while those in Central averaged 16%.

The group intends to raise the money through donations and possibly a raffle. ''So far Latest figures indicate that the outbreak of SARS helped pushed the unemployment rate up to 7.8% in April Continuing weak economic conditions has been contributing to a steady rise in the unemployment situation since the beginning of 2003 The unemployment rate increased as expected in hard-hit industries such as retail, restaurants, hotels and construction There are predictions that the unemployment rate may even reach as high as 9% in coming months. Latest figures indicate the economy expanded by 4.5% in Q1, largely due to robust exports.

However the economy is expected to show weaker growth in the second quarter due to the outbreak of SARS. Even though the WHO lifted the travel advisory on Friday, 23rd May, the negative impact of the spread of the disease in Hong Kong and mainland China will continue to keep tourists away and to have a resulting dampening effect on both local and visitor spending. The Government recently revised full year GDP growth estimates down from 3% previously to 1.5% as a result.

Office leasing was active in May. Companies that had relocated to decentralized areas such as Quarry Bay and Tsimshatsui during the previous market peak continue to view relocating back to HK Island and prime office areas such as Central as viable possibilities This is due to the decline in rents generally and the narrowing difference in rents between districts.

Prices for prime strata-title offices averaged between HK$2,536- HK$4,141 psf in Q1. Prices fell between 5%-8% with the strongest decline for Central offices at 16% over the quarter. Professional property valuation solutions with affordable prices and build your valuation analysis report from our talented valuers. Few investment deals were concluded in May as investors largely took a wait-and-see attitude amidst the SARS outbreak.

Tenants also continued to take advantage of low market rents to upgrade to better quality office space For instance, Adidas is relocating from China HK City to take up 36,000 sq ft in the recently completed 1 Peking Road in Tsimshatsui Air New Zealand leased space in Jardine House in Central, relocating from Li Po Chun Chambers in Sheung Wan.

Prices for prime strata-title offices averaged between HK$2,536- HK$4,141 psf in Q1. Prices fell between 5%-8% with the strongest decline for Central offices at 16% over the quarter.Few investment deals were concluded in May as investors largely took a wait-and-see attitude amidst the SARS outbreak. The largest transaction over the month was the purchase of Tung Sang Building in Wan Chai by Chinese Estates Holdings for around HK$180 million. This marked its second purchase from the Hotung family.

Services will be at 2 p.m. Friday at Chambers and Grubbs Funeral Home, Florence. Visitation will begin there at noon Friday. Burial will be in Forest Lawn Cemetery, Erlanger. Memorials are suggested to American Cancer Society, 6612 Dixie Highway, Suite 2A, Florence, Ky. 41042; or Erlanger Christian Church, 27 Graves Ave, Covington, Ky. 41018. Gertrude Curnayn Schneider, 90, of Greenville, S.C., died Sunday in Greenville. She was a retired employee of Lawrence Mitchell Co. and a member of Christ Church United Church of Christ, Fort Thomas.

Located at 20 Johnston Road, Tung Sang Building has 19 floors totaling 86,000 sq ft in gross floor area. Rental yields for the building are estimated at around 9%. Hong Kong's economic performance remains mixed. Our valuers always help in property purchasing and selling as well as transferring ownership of real estate properties. Although trade figures in January indicate continued robust exports the unemployment situation appears to be worsening once again Unemployment increased to 7.4% in February, up from 7.2% the previous month. The majority of the unemployed came from the construction sector.

Retail sales jumped in January, largely due to help from an earlier Lunar New Year holiday and an increase in mainland tourists visiting Hong Kong However, the CPI fell 1.6% and 2.0% for the first two months of the year respectively.Few sales transactions were witnessed over the quarter for prime office space. Local investors are attracted to lower grade buildings, which when compared to prime strata-title properties can be acquired at a much lower price and also provide a higher rental return the lack of investment activity in prime space has resulted in a drop in office prices over the quarter.

values for core Central offices averaged HK$4,141 psf in March, representing a decline of 16% over the 1st quarter of the year.Hong Kong's economy grew 5% y-o-y in Q4 2002, up from the 3.3% yo-y growth recorded in Q3 Robust external demand was the main driver of GDP growth in the fourth quarter Exports increased by 18%, the bulk of which were re-exports.

Imports also grew by a similar percentage e. Although domestic exports continued to decline over the quarter, the fact that exports grew overall reinforces despite strong trade figures and rising GDP growth, improvement in the economy remained uneven. Private investment was flat over the fourth quarter, while domestic consumption fell 2.1%. Both the business community and local consumers remained cost-conscious and held back on spending amidst uncertainty over the global economic outlook and a possible war in the Middle East Several leasing deals which were under negotiation over the past few months were finalized in February.

However, the market was quiet as there was a general lack of new take-up over the month With the exception of Tsimshatsui, average rents softened further across major office districts in Hong Kong. The strongest decline was witnessed in North Point where average rents fell 2.2%The difference in rents between districts narrowed over the past year.