Real Estate News
Survey shows spike in real estate debt interest by institutionals
21 February 2013
GLOBAL – Institutional investors' interest for real estate debt has jumped over the past 12 months, with more than one-third seeking to allocate capital to the asset class against 8% a year ago, research from Preqin shows.
The report found that, out of the more than 100 investors surveyed, 53% expect to make commitments to private real estate funds in 2013, while only 36% expressed similar views a year ago.
http://www.ipe.com/
Friday, February 22, 2013
Eco Analysis - China's stubborn housing inflation risks further policy tightening (W. Yao)
Eco Analysis - China's stubborn housing inflation risks further policy tightening (W. Yao)
China January housing inflation accelerated to the fastest pace since early 2011. This report justifies Beijing's renewed hawkishness on the housing market. Further acceleration of housing inflation will most likely trigger more policy tightening. Meanwhile, RBA Governor Stevens sounded rather upbeat on the economy in testimony to Parliament, and rather disinclined to cut rates in the short term. Key points were that there is a good deal of stimulus in the pipeline from previous easing, and that the high A$ has been a key factor in the current low rate setting. In response, the A$ strengthened nearly 1c and short-term rates rose.
China January housing inflation accelerated to the fastest pace since early 2011. This report justifies Beijing's renewed hawkishness on the housing market. Further acceleration of housing inflation will most likely trigger more policy tightening. Meanwhile, RBA Governor Stevens sounded rather upbeat on the economy in testimony to Parliament, and rather disinclined to cut rates in the short term. Key points were that there is a good deal of stimulus in the pipeline from previous easing, and that the high A$ has been a key factor in the current low rate setting. In response, the A$ strengthened nearly 1c and short-term rates rose.
Will Floating LNG Revolutionise The Natural Gas Industry?
Will Floating LNG Revolutionise The Natural Gas Industry?
Posted February 21, 2013
Floating liquid natural gas, the notion of performing gas liquefaction offshore on a floating vessel near the point of extraction, has seen a growth in interest since around 2006. Several companies prepared a Floating LNG concept and performed research to develop some non-existing, though indispensable, technological components. During the following years, the industry was marked by some long debates about whether the technology had progressed sufficiently for the deployment of the first unit. After years of discussion and investments, the first Floating LNG project, Shell’s Prelude, has finally been announced in 2011. Today the industry counts over 20 other FLNG projects and its business is sized to exceed 60 Billion USD for the next decade.
http://theenergycollective.com/celinerottier/189491/will-floating-lng-revolutionise-natural-gas-industry
Posted February 21, 2013
Floating liquid natural gas, the notion of performing gas liquefaction offshore on a floating vessel near the point of extraction, has seen a growth in interest since around 2006. Several companies prepared a Floating LNG concept and performed research to develop some non-existing, though indispensable, technological components. During the following years, the industry was marked by some long debates about whether the technology had progressed sufficiently for the deployment of the first unit. After years of discussion and investments, the first Floating LNG project, Shell’s Prelude, has finally been announced in 2011. Today the industry counts over 20 other FLNG projects and its business is sized to exceed 60 Billion USD for the next decade.
http://theenergycollective.com/celinerottier/189491/will-floating-lng-revolutionise-natural-gas-industry
Thursday, February 21, 2013
Asia Chart Alert: China: Property prices rose faster in January
Economics Research | Asia Ex-Japan
22 February 2013
Asia Chart Alert: China: Property prices rose faster in January
This should further pressure the government to tighten monetary and property market policies.
22 February 2013
Asia Chart Alert: China: Property prices rose faster in January
This should further pressure the government to tighten monetary and property market policies.
 |
| Fig. 1: Property price growth and M2 growth |
Housing and Core Inflation – It’s Complicated
Housing and Core Inflation – It’s Complicated
Laura Rosner - Market Economics
US Daily Spotlight | 22 Feb 2013 03:15 |
Markets were risk-off on Thursday, as equity markets sold off by more than 0.6% for the second day in a row, while the 10yr Treasury closed the day at 1.98%. Data for the day were unimpressive with jobless claims for the week suggesting only modest improvement in February payroll employment, existing home sales edging marginally higher and the February Philly Fed manufacturing index falling sharply (details of the report were less negative than the headline index implied). Meanwhile, core inflation was slightly stronger than expected in the January CPI report, mainly reflecting a rebound in core goods prices, but also modestly firmer increases in housing costs.
Laura Rosner - Market Economics
US Daily Spotlight | 22 Feb 2013 03:15 |
Markets were risk-off on Thursday, as equity markets sold off by more than 0.6% for the second day in a row, while the 10yr Treasury closed the day at 1.98%. Data for the day were unimpressive with jobless claims for the week suggesting only modest improvement in February payroll employment, existing home sales edging marginally higher and the February Philly Fed manufacturing index falling sharply (details of the report were less negative than the headline index implied). Meanwhile, core inflation was slightly stronger than expected in the January CPI report, mainly reflecting a rebound in core goods prices, but also modestly firmer increases in housing costs.
Asia Insights: Reasons not to be too bullish on China
Fixed Income | Asia Ex-Japan
21 February 2013
Asia Insights: Reasons not to be too bullish on China
· We reiterate our view that the consensus forecast for China’s economic growth is too optimistic. We expect GDP growth to slow in H2 to 7.3% y-o-y while the consensus expects it to be 8.1%.
· We list five recent developments that support our cautious view, including local governments lowering their 2013 GDP growth targets by 0.5 percentage points (pp), and the severe air pollution problems that could spur Beijing to rethink its growth model.
· The strength of coincident macro data may continue in Q1, but we believe leading policy indicators such as total social financing and M2 growth will soon moderate from currently high levels.
21 February 2013
Asia Insights: Reasons not to be too bullish on China
· We reiterate our view that the consensus forecast for China’s economic growth is too optimistic. We expect GDP growth to slow in H2 to 7.3% y-o-y while the consensus expects it to be 8.1%.
· We list five recent developments that support our cautious view, including local governments lowering their 2013 GDP growth targets by 0.5 percentage points (pp), and the severe air pollution problems that could spur Beijing to rethink its growth model.
· The strength of coincident macro data may continue in Q1, but we believe leading policy indicators such as total social financing and M2 growth will soon moderate from currently high levels.
Oil and gas industry facing ‘a roller-coaster ride’
Oil and gas industry facing ‘a roller-coaster ride’
JOSH O’KANE
The Globe and Mail
Thursday, Feb. 21 2013, 6:00 AM EST
Canada is home to the world’s third-largest proven oil reserves and is the sixth-largest producer of oil.
But global economic conditions are pressuring fuel prices worldwide, and Canada’s oil and gas sector has the added frustration of a deficit in infrastructure that, among other things, is driving the price of western Canadian oil down by nearly $25 from benchmark West Texas Intermediate crude.
http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/oil-and-gas-industry-facing-a-roller-coaster-ride/article8900814/
JOSH O’KANE
The Globe and Mail
Thursday, Feb. 21 2013, 6:00 AM EST
Canada is home to the world’s third-largest proven oil reserves and is the sixth-largest producer of oil.
But global economic conditions are pressuring fuel prices worldwide, and Canada’s oil and gas sector has the added frustration of a deficit in infrastructure that, among other things, is driving the price of western Canadian oil down by nearly $25 from benchmark West Texas Intermediate crude.
http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/oil-and-gas-industry-facing-a-roller-coaster-ride/article8900814/
The Asian energy equation
The Asian energy equation
This article appears in full in the January/February issue of LNG Industry, to view the full article log-in here or you can register as a reader here.
If, as the International Energy Agency speculates, we are about to enter a ‘Golden Age of Gas’, the Asia-Pacific region will be a major player in it. In particular, the region’s robustly growing energy needs, of which natural gas will play no small part, means that it will become a major focus for both existing and prospective exporters of LNG for the rest of this decade and beyond.
http://www.energyglobal.com/
This article appears in full in the January/February issue of LNG Industry, to view the full article log-in here or you can register as a reader here.
If, as the International Energy Agency speculates, we are about to enter a ‘Golden Age of Gas’, the Asia-Pacific region will be a major player in it. In particular, the region’s robustly growing energy needs, of which natural gas will play no small part, means that it will become a major focus for both existing and prospective exporters of LNG for the rest of this decade and beyond.
http://www.energyglobal.com/
US LNG export capacity seen at 70 billion cu m/year by 2020: Goldman Sachs
US LNG export capacity seen at 70 billion cu m/year by 2020: Goldman Sachs
Houston (Platts)--20Feb2013/442 pm EST/2142 GMT
The US likely would build liquefaction capacity totaling 70 billion cubic meters/yr (6.77 Bcf/d) between 2016 and 2020, according to Goldman Sachs analysts.
http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/6177738
Houston (Platts)--20Feb2013/442 pm EST/2142 GMT
The US likely would build liquefaction capacity totaling 70 billion cubic meters/yr (6.77 Bcf/d) between 2016 and 2020, according to Goldman Sachs analysts.
http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/6177738
Asian Real Estate, Asset Owners Return
Asian Real Estate, Asset Owners Return
LiveTradingNews.com
wire staff
report@livetradingnews.com
Asian Real Estate, Asset Owners Return
JLL
An estimated $110-B is expected to flow into Asian commercial real estate in Y 2013, making up about 25% of the global total, according to Jones Lang LaSalle NYSE:JLL
http://www.livetradingnews.com/asian-real-estate-asset-owners-return-105583.htm
LiveTradingNews.com
wire staff
report@livetradingnews.com
Asian Real Estate, Asset Owners Return
JLL
An estimated $110-B is expected to flow into Asian commercial real estate in Y 2013, making up about 25% of the global total, according to Jones Lang LaSalle NYSE:JLL
http://www.livetradingnews.com/asian-real-estate-asset-owners-return-105583.htm
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