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      <description><![CDATA[<div class="ExternalClassA8F0F4508C8D483B9CB7B7FFB7C6517B"><table id="layoutsTable" style="width:100%"><tbody><tr style="vertical-align:top"><td style="width:49.95%"><div class="ms-rte-layoutszone-outer" style="width:100%"><div class="ms-rte-layoutszone-inner"><font face="Arial" size="2"><b>Special Reports</b><br /><br /><a href="/asia/eng/document/subscript_aofficeimpact.doc"></a><a href="/asia/eng/document/subscript_aofficeimpact.doc"></a><table width="100%" border="0" cellspacing="1" cellpadding="1"><tbody><tr><td valign="top"></td>
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<tr><td valign="top"><img width="169" height="224" alt="How Global 2012.jpg" src="/Research/SiteAssets/SitePages/SpecialReports/How%20Global%202012.jpg" style="margin:5px;width:130px;height:184px" /><br /><br />​</td>
<td valign="top"><div class="ms-rteThemeForeColor-10-0"><font face="Arial" size="2"><strong>How Global is the Business of Retail? 2012</strong></font></div>
<div class="ms-rteThemeForeColor-10-0"><strong></strong> </div>
<div><font face="Arial" size="2"><span class="ms-rteThemeForeColor-2-0">CBRE </span>examines the global activity of retailers and the hotspots attracting global retailers at both a country and city level. This year shows: </font></div>
<ul type="disc"><li class="MsoNormal" style="margin:0in 0in 0pt;color:#69be28;tab-stops:list .5in"><span style="font-family:'arial', 'sans-serif';color:black;font-size:10pt">Despite a turbulent year the global expansion of the retail industry shows no sign of slowing </span><span style="font-family:'verdana', 'sans-serif';font-size:8pt"></span></li>
<li class="MsoNormal" style="margin:0in 0in 0pt;color:#69be28;tab-stops:list .5in"><span style="font-family:'arial', 'sans-serif';color:black;font-size:10pt">Hong Kong, Singapore, Shanghai, Beijing and Tokyo among top 20 global cities for international retailers </span><span style="font-family:'verdana', 'sans-serif';font-size:8pt"></span></li>
<li class="MsoNormal" style="margin:0in 0in 0pt;color:#69be28;tab-stops:list .5in"><span style="font-family:'arial', 'sans-serif';color:black;font-size:10pt">American retailers are the most global with 73% present in all three regions (The Americas; Asia Pacific; Europe, Middle East and Africa) </span><span style="font-family:'verdana', 'sans-serif';font-size:8pt"></span></li>
<li class="MsoNormal" style="margin:0in 0in 0pt;color:#69be28;tab-stops:list .5in"><span style="font-family:'arial', 'sans-serif';color:black;font-size:10pt">Emerging markets including Russia, Poland and Vietnam are seeing the most new retailer entries </span><span style="font-family:'verdana', 'sans-serif';font-size:8pt"></span></li>
<li class="MsoNormal" style="margin:0in 0in 0pt;color:#69be28;tab-stops:list .5in"><span style="font-family:'arial', 'sans-serif';color:black;font-size:10pt">London (55.5%) reclaimed the outright number one position after sharing top spot with Dubai last year </span><span style="font-family:'verdana', 'sans-serif';font-size:8pt"></span></li></ul>
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<div><a href="http://cbreemail.com/collect/click.aspx?u=pP0WeZbCfhtZ2s0JUhiKzeVUHRKr1JVebw4bciwux1J+Q2n+a57lOzz55iol9oHE8T2y5mw+ewWQeUc4AfSNS1AdywR1CbS+duXP+arA+vM0eHBTF4U2DL9dtddMoorOLIrXMHRsSRE=&amp;rh=ff0025a2ba7d2113e4d216ec744590b6a2b6aa9b" target="_blank"><font color="#006a4d" face="Arial" size="2"><strong></strong></font></a> </div>
<a href="/Research/SiteAssets/SitePages/SpecialReports/HOW_GLOBAL_2012_EXE_SUMMARY.pdf"><div><span><font color="#006a4d" face="Arial" size="2"><strong>Download the Executive Summary</strong></font></span></div>
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<tr><td valign="top"><img width="217" height="275" src="/images/web/aboutus/How%20Global.jpg" border="0" alt="" style="width:137px;height:189px" /></td>
<td valign="top"><font color="#006600" size="2"><p style="text-align:justify"><font color="#006600"><font size="2"><strong>Global Retailers Seek Growth in Emerging Destinatio</strong></font><strong>ns<br /></strong><br /></font><font face="Arial"><span lang="EN-US" style="font-family:arial;font-size:10pt"><span style="line-height:115%;font-family:'arial', 'sans-serif';font-size:10pt"><span style="font-family:'arial', 'sans-serif';color:#666666;font-size:10pt"><font color="#000000">CBRE's 2011 global examination of retailer presence and expansion surveys 323 major international retailers across 73 countries and maps the fluctuations in the structure of the global retail market.  The survey identifies the types of retailer present in each country and city, their preferred methods of expansion, and top target markets.  Acknowledging the growing importance of e-commerce in the retail industry, this year’s research also measures the online capability of retailers and considers the likely impact of this important channel in the future.</font> </span><span style="font-family:'arial', 'sans-serif';color:#666666;font-size:10pt"><font color="#006600"><p><a href="/asia/eng/document/EMEA_FPR_HOW_GLOBAL_2011_EXECUTIVE_SUMMARY.pdf"><p><span style="font-family:'arial', 'sans-serif';color:#666666;font-size:10pt"><font color="#006600"><strong>Download the Executive Summary</strong></font></span></p></a> </p>
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<tr><td valign="top"><p><img width="167" height="212" src="/images/web/aboutus/Japan%20Earthquake%201105(s).jpg" border="0" alt="" style="width:134px;height:189px" /></p>
<p><font size="2">Version: English </font></p></td>
<td valign="top"><p style="text-align:justify"><font color="#006600" size="2"><strong>ViewPoint: The Great East Japan Earthquake: A Preliminary Assessment of Real Estate Impacts (May 2011)</strong></font></p>
<p style="text-align:justify"><font size="2"><font face="Arial" size="2"><span lang="EN-US" style="font-family:arial;font-size:10pt"><span style="line-height:115%;font-family:'arial', 'sans-serif';font-size:10pt">Report examines the mood of uncertainty following the earthquake and the subdued office and retail leasing market conditions that are expected to emerge a result. Effects on the industrial leasing market remain to be seen. </span></span></font></font></p>
<p style="text-align:justify"><font size="2"><font face="Arial" size="2"><span lang="EN-US" style="font-family:arial;font-size:10pt"><span style="line-height:115%;font-family:'arial', 'sans-serif';font-size:10pt"></span><span style="line-height:115%;font-family:'arial', 'sans-serif';color:black;font-size:10pt">On the investment side, Japanese investors and funds are likely to lead the recovery in transaction volumes, supported by domestic banks that remain willing to finance prime real estate acquisitions. This compares with the more cautious attitude being adopted by overseas investors and lenders.</span></span></font></font></p>
<p style="text-align:justify"><font size="2"><font face="Arial" size="2"><span lang="EN-US" style="font-family:arial;font-size:10pt"><span style="line-height:115%;font-family:'arial', 'sans-serif';color:black;font-size:10pt"></span><span style="line-height:115%;font-family:'arial', 'sans-serif';color:black;font-size:10pt">In the aftermath of the earthquake, both occupiers and investors will likely take a more meticulous approach to their real estate with respect to the earthquake and power supply resilience of properties they choose to acquire or occupy.</span></span></font></font></p>
<p style="text-align:justify"><font size="2"><font face="Arial" size="2"><span lang="EN-US" style="font-family:arial;font-size:10pt"><span style="line-height:115%;font-family:'arial', 'sans-serif';color:black;font-size:10pt"></span></span></font></font> </p></td></tr>
<tr><td valign="top"><p><img width="125" height="173" src="/images/web/aboutus/China%20Land%20Market%20Review%202010%20(s2).jpg" border="0" alt="" /></p>
<p><font size="2">Version: English / Chinese</font></p></td>
<td valign="top"><div style="text-align:justify"><strong><font color="#006600" size="2">Special Report: China Land Market Review 2010 </font></strong> </div>
<p class="MsoNormal" style="text-align:justify;margin:0in 0in 0pt"><span style="font-family:'arial', 'sans-serif';font-size:10pt"></span> </p>
<p class="MsoNormal" style="text-align:justify;margin:0in 0in 0pt"><span style="font-family:'arial', 'sans-serif';font-size:10pt">During the whole year of 2010, China recorded a total land transaction value of RMB 2.7 trillion, up 70.4% y-o-y against a 18% annual growth regsitered for land transaction area. The upward land price reflects the broad-based surge in housing prices and the land of supply. In the 15 cities we track, the land transaction area in 2010 rose by 15.6% y-o-y, amounting to 178.5 million sm. Fuelled by loosening liquidity and surging sales revenue of major developers, the land price climbed to RMB 2,749 psm in terms of accommodation value, up 23% y-o-y.</span></p>
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<tr><td valign="top"><p><img width="150" height="158" src="/images/web/aboutus/VN%20Dong%202011.jpg" border="0" alt="" style="width:125px;height:166px" /></p>
<p><font size="2">Version: English / Vietnamese</font></p></td>
<td valign="top"><p><font color="#006600" size="2"><strong>ViewPoint: Vietnam Dong Devaluation (March 2011)</strong></font></p>
<font size="2"><p style="layout-grid-mode:char"><font face="Arial" size="2"><span lang="EN-US" style="font-family:arial;font-size:10pt">The paper discusses the devaluation of Vietnam Dong.</span></font></p>
<font face="Arial" size="2"><span lang="EN-US" style="font-family:arial;font-size:10pt"><p class="Default" style="margin:0in 0in 0pt"><span style="font-family:'arial', 'sans-serif';font-size:10pt"><span style="color:black">The modern Vietnamese dong was born after reunification, on May 3, 1978. The dong’s first revaluation came on September 14, 1985, when 10 old dong became worth one new dong. In recent years, the dong has experienced frequent devaluation mainly due to the pressure of chronic inflation. The most recent devaluation of 9.3% was on February 11, 2011.</span> </span></p>
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<p style="layout-grid-mode:char"> </p></span></font></font></td></tr>
<tr><td valign="top"><p><font size="2"><img src="/images/web/aboutus/China%20Logistics%20(Eng)%202011.jpg" border="0" alt="" /><br /><font size="2">Version: English / Simplified </font><font size="2">Chinese</font></font></p></td>
<td valign="top"><p><font color="#006600" size="2"><strong>China's Logistics: Rising Demand but a Shortage of Supply</strong></font></p>
<font size="2"><p style="layout-grid-mode:char"><font face="Arial" size="2"><span lang="EN-US" style="font-family:arial;font-size:10pt">The paper discusses the difficulties that specialist industrial developers and owner occupiers are currently facing in sourcing land sites for the construction of logistics facilities in China against the backdrop of robust demand for such facilities to support the rapid growing economy. The confluence of the current supply-demand imbalance, the effects of rising fuel prices, increasing labor costs and escalating rental rates are likely to push logistics costs to record highs. The appreciation of logistics rents and the shortage of land for logistics facilities poses a challenge for both the real estate sector and society as a whole, as logistics operators, retailers and manufacturers will factor in higher storage costs in the pricing of goods. The increase in storage costs will add further pressure to the already high rate of inflation in China.</span></font></p>
<p style="layout-grid-mode:char"><font face="Arial" size="2"><span lang="EN-US" style="font-family:arial;font-size:10pt"></span></font> </p></font><font size="2"></font></td></tr>
<tr><td valign="top"><p><font size="2"><img src="/images/web/aboutus/1011%20China%20High%20Speed%20Rail%20Network%20(es).jpg" border="0" alt="" /><br /><font size="2">Version: English / Simplified </font><font size="2">Chinese</font></font></p></td>
<td valign="top"><font size="2"><p><font size="2"><font color="#006600"><strong>China's High-speed Rail Network and the Promotion of Regional Urban Development</strong></font></font></p>
<p><font size="2">The impact of China's national high-speed rail network on urban real estate development will be manifold over the coming decade, representing a trend towards greater intra-regional connectivity that developers and investors cannot afford to overlook. This paper analyses the high-speed rail development plan, identifies which cities are likely to benefit most and highlights the impacts which this project is anticipated to have on the domestic real estate industry.</font></p>
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<tr><td valign="top"><img src="/images/web/aboutus/1011%20Asia%20ViewPoint%20-%20HK%20Resi%20Measure%20(es).jpg" border="0" alt="" /><br /><font size="2">Version: English </font></td>
<td valign="top"><p><font color="#006600" size="2"><strong>Asia Viewpoint: New Residential Market Measures: Short Term Holding Tactic to Combat Longer Term Challenge</strong></font></p>
<span lang="EN-US" style="font-size:12pt"><font style="font-family:arial;color:#000000"><p class="MsoNormal"><span lang="EN-US" style="font-size:12pt"><font size="2">On 19 November 2010, the government implemented several “resolute measures” to prevent speculation in the property market, include charging an additional special stamp duty for the short term re-sale of residential property, as well as lowering the maximum loan-to-value ratio. However, the new measures can, at best, be viewed as a kind of “holding tactic” that allows the government to purchase precious breathing space, at least until substantial new supply comes on stream to satisfy rising demand.</font></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12pt"></span><font face="Arial" size="2"> </font></p></font></span></td></tr>
<tr><td valign="top"><p><img src="/images/web/aboutus/1011%20Tokyo%20Suburban%20Retail%20(es).jpg" border="0" alt="" /><br /><font size="2">Version: English</font></p></td>
<td valign="top"><font size="2"><font size="2"><font color="#006600"><strong>Suburban Retail: The Next Opportunity in Japan?</strong></font></font> <p><font size="2">Office and residential assets in Central Tokyo continue to be highly sought after by both international and domestic buyers, meaning increased competition and spirited buying. Investors looking to allocate large amounts of capital at more attractive yields are increasingly considering alternative acquisition strategies. This paper examines how selected suburban retail assets are becoming more attractive to investors, particularly in the face of cap rate compression in other sectors.</font> </p>
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<tr><td valign="top"><img src="/images/web/aboutus/1010%20Hong%20Kong%20Government%20Conundrum%20(es).jpg" border="0" alt="" /><br /><font size="2">Version: English</font> </td>
<td valign="top"><p><font size="2"><strong><font color="#006600">Asia Viewpoint: Hong Kong Government's Conundrum: Cooling the overheating residential market without undermining market value</font></strong></font></p>
<p><font size="2">The rapid growth of housing prices in Hong Kong has led to disquiet among segments of the local population and the government clearly understands that it can no longer sit idly by until the situation gets out of hand. This Viewpoint, which was released prior to the Chief Executive's Annual Policy Address on October 13, discusses the various options open to the Hong Kong government as it looks to ensure a soft landing for the overheated residential market without causing a big crash.</font></p>
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<tr><td valign="top"><img src="/images/web/aboutus/1010%20Introduction%20to%20Jakarta%20(es).jpg" border="0" alt="" /><br /><font size="2">Version: English</font></td>
<td valign="top"><p><font color="#006600" size="2"><strong>Introduction to the Jakarta Real Estate Market</strong></font></p>
<p><font color="#006600" size="2"><font color="#000000">Indonesia is the largest economy in Southeast Asia and one of the most resource rich and populous emerging markets in the world. In its capital Jakarta, the real estate sector is attracting increased involvement on the part of overseas investors with funds and developers from within the region investing in commercial and residential real estate. This report includes an overview of the Indonesian economy, property law and the Jakarta office, retail, industrial and luxury residential property sectors.</font></font></p>
<p><font color="#006600" size="2"><font color="#000000"></font> </font></p></td></tr>
<tr><td valign="top"><img src="/images/web/aboutus/1010%20Seoul%20Urban%20Regeneration%20(es).jpg" border="0" alt="" /><br /><font size="2">Version: Engli</font><font size="2">sh</font></td>
<td valign="top"><p><font size="2"><font color="#006600"><strong>Seoul Urban Regeneration: Transforming the CBD into an Integrated Commercial Area</strong></font></font></p>
<p><font size="2">The Seoul CBD accommodates a large working population with significant spending power. However, urban planners have largely failed to leverage on this fact and hence the area has functioned solely as an office precinct, with only limited retail space available. This paper charts the Seoul metropolitan government's ongoing initiative to revitalise and regenerate downtown Seoul, the latest phase of which is to introduce more retail elements into the CBD and transform the area into a commercial, retail and tourism hub.</font></p>
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<tr><td valign="top"><font size="2"><img src="/images/web/aboutus/1007%20Corporate%20RE%20Organisation%20(es).jpg" border="0" alt="" /><br /><font size="2">Version: English</font></font></td>
<td valign="top"><p><font size="2"><font color="#006600" size="2"><strong>Evolution of the Corporate Real Estate Organization in Asia – Core Competencies for Success</strong></font></font></p>
<span lang="EN-US" style="font-size:12pt"><font style="font-family:arial;color:#000000"><p class="MsoNormal"><span lang="EN-US" style="font-size:12pt"><font size="2">CB Richard Ellis (“CBRE”) recently conducted interviews with leading CRE organizations in various sectors to gain insights around the eight core competencies we define for success in CRE. The ideas shared by these global, world class corporations have allowed CBRE to begin to develop a blueprint for organizational maturity.</font></span></p>
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<font face="Arial" size="2"><tr><td valign="top"><font size="2"><img src="/images/web/aboutus/1006%20HK%20Housing%20Market%20(es).jpg" border="0" alt="" /><br /><font size="2">Version: English</font></font></td>
<td valign="top"><p><font size="2"><font color="#006600" size="2"><strong>Hong Kong Housing Market: A New Policy Direction to Balance</strong></font></font></p>
<span lang="EN-US" style="font-size:12pt"><font style="font-family:arial;color:#000000"><p class="MsoNormal"><span lang="EN-US" style="font-size:12pt"><font size="2">The overheating of the Hong Kong housing market has been the topic of much discussion over the past six months. A more detailed examination of the Hong Kong housing market over the past decade reveals that the rapid appreciation of residential prices is the result of a combination of a number of factors related to supply-demand structure, local government housing policy and the rising influence of buyers from mainland China.</font></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12pt"></span><font face="Arial" size="2"> </font></p></font></span></td></tr>
<tr><td valign="top"><img src="/images/web/aboutus/1006%20HK%20Industrial%20(es).jpg" border="0" alt="" /><br /><font size="2">Version: English / Traditional Chinese</font></td>
<td valign="top"><font size="2"><font color="#006600" size="2"><strong>Revitalizing Industrial Buildings: A Hong Kong Perspective</strong></font></font><span lang="EN-US" style="font-size:12pt"><font style="font-family:arial;color:#000000"> <p class="MsoNormal"><span lang="EN-US" style="font-size:12pt"><font size="2">In the 2009−10 Policy Address, the Hong Kong government proposed several measures to encourage the rehabilitation of these older, surplus industrial buildings. This paper will discuss what have been done to revitalize nonfunctional industrial buildings in Hong Kong and issues faced by owners or developers seeking to invest in converting old factory or warehouse buildings for alternate uses.</font></span></p>
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<tr><td valign="top"><font size="2"><img src="/images/web/aboutus/1006%20Asia%20ViewPoint%20-%20China%20REITs%20(es).jpg" border="0" alt="" /><br /><font size="2">Version: English / Simplified Chinese</font></font></td>
<td valign="top"><font size="2"><font color="#006600" size="2"><strong>Asia Viewpoint</strong></font></font><font size="2" style="font-family:arial;color:#006600;font-weight:700">: Key factors stimulating and impeding the short-term launch of REITs in China <p> </p></font><font face="Arial" size="2"><font size="2"><font color="#006600" size="2"><font face="Times New Roman" size="3"><span lang="EN-US" style="font-size:12pt"><p><strong> </strong> </p>
<p><font face="Arial" size="2"><font size="2"><font color="#006600" size="2"><font face="Times New Roman" size="3"><span lang="EN-US" style="font-size:12pt"><font style="font-family:arial;color:#000000"><span lang="EN-US" style="font-size:12pt"><font size="2">The establishment of REITs in China is a long-term strategic measure intended to strengthen the domestic real estate industry and is designed to widen the industry’s financing channels and broaden the potential investor base for real estate assets without causing overheating. It appears that the central government prefers to adopt a relatively conservative approach to the launching of REITs.</font></span></font></span></font></font></font></font></p>
<p><font face="Arial" size="2"><font size="2"><font color="#006600" size="2"><font face="Times New Roman" size="3"><span lang="EN-US" style="font-size:12pt"><font style="font-family:arial;color:#000000"><span lang="EN-US" style="font-size:12pt"></span></font><font face="Arial" size="2"><font size="2"><font color="#006600" size="2"><font face="Times New Roman" size="3"> </font></font></font></font></span></font></font></font></font></p>
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<tr><td valign="top"><p><font size="2"><img src="/images/web/aboutus/1005%20Cambodia%20WP%20(es).jpg" border="0" alt="" /><br /><font size="2">Version: English</font></font></p>
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<td valign="top"><p><font size="2"><strong><font color="#006600">The Phnom Penh Real Estate Market</font></strong></font></p>
<p><font size="2">Phnom Penh has emerged as the centre of Cambodian business and economic development.   This special report examines the real estate market across the office, luxury residential, hospitality, retail and industrial sectors in Phnom Penh. </font></p>
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<tr><td valign="top"><p><img src="/images/web/aboutus/1004%20Southern%20China%20Shopping%20Mall%20(es).jpg" border="0" alt="" /><br /><font size="2">Version: English / Simplified Chinese</font></p>
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<td valign="top"><p><font color="#006600" size="2"><strong>Success and Failure in Southern China Shopping Mall Development </strong></font></p>
<span lang="EN-US" style="font-size:12pt"><font style="font-family:arial;color:#000000"><p class="MsoNormal"><span lang="EN-US" style="font-size:12pt"><font size="2">The paper analyses the factors which contributed to the success or failure of the launching and ongoing management of three major mall developments in Guangzhou, Dongguan and Shenzhen in Southern China. It also highlights lessons to be learned from their experiences.</font></span></p>
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<tr><td valign="top"><p><img src="/images/web/aboutus/1003%20China%20Land%20Market%20(es).jpg" border="0" alt="" /><br /><font size="2">Version: English / Simplified Chinese</font></p></td>
<td valign="top"><p><font size="2"><strong><font color="#006600">2009 China Land Market Review</font></strong></font></p>
<p><font size="2">This new report, analyses the land transaction market of 15 major cities, in the China market during 2009.  This in-depth report:<br /></font><font color="#006600"><span style="font-family:wingdings;color:#66cc33;font-size:10pt">n</span><span style="font-family:'times new roman';color:#66cc33;font-size:7pt">    </span></font><font size="2">summarises the market - comparing 2009 with 2008<br /><span style="font-family:wingdings;color:#66cc33;font-size:10pt">n</span></font><span style="font-family:'times new roman';color:#66cc33;font-size:7pt">    </span><font size="2">reviews the market situation, trends and major transactions in each city<br /><span style="font-family:wingdings;color:#66cc33;font-size:10pt">n</span></font><span style="font-family:'times new roman';color:#66cc33;font-size:7pt">    </span><font size="2">compares cities and highlights of the most expensive land transactions.<br /> The report also covers CBRE's market expectations in 2010.</font></p>
<p> </p></td></tr>
<tr><td valign="top"><p><img src="/images/web/aboutus/1003%20Closer%20Cross%20Strait%20Relationship%20(es).jpg" border="0" alt="" /><br /><font size="2">Version: English / Traditional Chinese / Simplified Chinese</font></p></td>
<td valign="top"><p><font size="2"><strong><font color="#006600">Closer Cross Strait Relationship: Anticipating Investment Environment Change in Taiwan</font></strong></font></p>
<p><font size="2">New regulations introduced by Taiwan in 2009 have seen the end of the one-way flow of capital from Taiwan to the mainland.  PRC enterprises across a range of industries are now able to establish a presence and buy real estate in Taiwan.  The office leasing market is expected to be the first sector impacted by the new market opening arrangements.  This special report examines the closer cross-straight relationship and opportunities in the real estate market. </font></p>
<p> </p></td></tr>
<tr><td valign="top"><font size="2"><img src="/images/web/aboutus/1001%20Kuala%20Lumpur%20(es).jpg" border="0" alt="" /><br /><font size="2">Version: English</font></font></td>
<td valign="top"><p><font size="2"><strong><font color="#006600">Introduction to Kuala Lumpur Real Estate Market</font></strong></font></p>
<p><font size="2">The paper provides a snapshot of a number of topical issues affecting the Malaysian real estate market at the beginning of 2010 including the competitiveness of the Kuala Lumpur office market; the government’s relaxation of laws governing foreign investment in various sectors including real estate; and the launch of Malaysia’s own green building rating system.</font></p></td></tr>
<p>&lt;&gt;&lt;&gt;<p> </p>
 <p> </p></p></font></tbody></table></font></div></div></td>
<td style="width:49.95%"><div class="ms-rte-layoutszone-outer" style="width:100%"><div class="ms-rte-layoutszone-inner"><p><span style="line-height:115%;font-family:'arial', 'sans-serif';font-size:10pt"><strong>Contact Information</strong></span><span style="line-height:115%;font-family:'arial', 'sans-serif';font-size:10pt"><br /><br />CBRE Research<br />Asia Pacific</span></p>
<p><span style="line-height:115%;font-family:'arial', 'sans-serif';font-size:10pt">T: (852) 2820 2858<br /><a href="mailto:researchasia@cbre.com.hk"><span style="line-height:115%;font-size:9pt"><font color="#006633">researchasia@cbre.com.hk</font></span></a></span></p></div></div></td></tr></tbody></table>
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      <author>Elaine Wong</author>
      <pubDate>Tue, 06 Dec 2011 06:12:36 GMT</pubDate>
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      <title>MarketReports</title>
      <link>http://asia.cbre.com.hk/Research/SitePages/MarketReports.aspx</link>
      <description><![CDATA[<div class="ExternalClassB98F4B13C91B43F185C98A0D1C946D36"><table id="layoutsTable" style="width:100%"><tbody><tr style="vertical-align:top"><td style="width:49.95%"><div class="ms-rte-layoutszone-outer" style="width:100%"><div class="ms-rte-layoutszone-inner"><p>  </p>
<p><strong><span style="line-height:115%;font-family:'arial', 'sans-serif';font-size:10pt">Asia Pacific Capital Markets MarketView</span></strong><span style="line-height:115%;font-family:'arial', 'sans-serif';font-size:10pt"><font face="Arial" size="2"><br /><br /><font face="Arial" size="2"><a href="/Research/Documents/APCMMV_Q1_12%20(Final).pdf" target="_blank">Q1 2012</a> </font></font></span><span style="line-height:115%;font-family:'arial', 'sans-serif';font-size:10pt"><font face="Arial" size="2">|</font> <a href="/Research/Documents/APCMMV_Q4_2011.pdf" target="_blank"><span style="line-height:115%;font-size:9pt"><font color="#006633" face="Arial">Q4 2011</font></span></a><font size="2"><font face="Arial"> | </font></font><a href="/Research/marketreports/ap_cp_mv_q2_2011.pdf" target="_blank"><span style="line-height:115%;font-size:9pt"><font color="#006633"></font></span></a><a href="/Research/marketreports/ap_cp_mv_q3_2011.pdf" target="_blank"><span style="line-height:115%;font-size:9pt"><font color="#006633">Q3 2011</font></span></a> | <a href="/Research/marketreports/ap_cp_mv_q2_2011.pdf" target="_blank"><span style="line-height:115%;font-size:9pt"><font color="#006633">Q2 2011</font></span></a> <br /><br /><br /><strong><span style="font-family:'arial', 'sans-serif'">Asia Pacific Office MarketView</span></strong><br /><br /><font face="Arial" size="2"><a href="/Research/Documents/APac_OFFICE_MV_Q1%202012%20(Final).pdf" target="_blank">Q1 2012</a> |</font> <a href="/Research/Documents/APac_OFFICE_MV_Q4_2011.pdf" target="_blank"><span style="line-height:115%;font-size:9pt"><font color="#006633" face="Arial">Q4 2011</font></span></a><font size="2"><font face="Arial"> | </font></font><a href="/Research/marketreports/ap_office_mv_q2_2011.pdf" target="_blank"><span style="line-height:115%;font-size:9pt"><font color="#006633"></font></span></a><a href="/Research/marketreports/ap_office_mv_q3_2011.pdf" target="_blank"><span style="line-height:115%;font-size:9pt"><font color="#006633">Q3 2011</font></span></a> | <a href="/Research/marketreports/ap_office_mv_q2_2011.pdf" target="_blank"><span style="line-height:115%;font-size:9pt"><font color="#006633">Q2 2011</font></span></a>  <br /><br /><br /><strong><span style="font-family:'arial', 'sans-serif'">Asia Pacific Retail MarketView</span></strong><br /><br /><font face="Arial" size="2"><a href="/Research/Documents/AP_RETAIL_MV_Q1_2012%20Final.pdf" target="_blank">Q1 2012</a> |</font> <a href="/Research/Documents/AP_RETAIL_MV_Q4_2011.pdf" target="_blank"><span style="line-height:115%;font-size:9pt"><font color="#006633" face="Arial">Q4 2011</font></span></a><font face="Arial" size="2"> | </font><a href="/Research/marketreports/ap_retail_mv_q3_2011.pdf" target="_blank"><span style="line-height:115%;font-size:9pt"><font color="#006633">Q3 2011</font></span></a> | <a href="/Research/marketreports/ap_retail_mv_q2_2011.pdf" target="_blank"><span style="line-height:115%;font-size:9pt"><font color="#006633">Q2 2011</font></span></a>  <br /><br /><br /><strong><span style="font-family:'arial', 'sans-serif'">Asia Pacific Industrial &amp; Logistics MarketView</span></strong><br /><br /><font face="Arial" size="2"><a href="/Research/Documents/AP%20Industrial_MV_Q1%202012_Final2.pdf" target="_blank">Q1 2012</a> |</font> <a href="/Research/Documents/AP_INDUSTRIAL_MV_Q4_2011.pdf" target="_blank"><span style="line-height:115%;font-size:9pt"><font color="#006633" face="Arial">Q4 2011</font></span></a><font size="2"><font face="Arial"> | </font></font><a href="/Research/marketreports/ap_industrial_mv_q2_2011.pdf" target="_blank"><span style="line-height:115%;font-size:9pt"><font color="#006633"></font></span></a><a href="/Research/marketreports/ap_industrial_mv_q3_2011.pdf" target="_blank"><span style="line-height:115%;font-size:9pt"><font color="#006633">Q3 2011</font></span></a> | <a href="/Research/marketreports/ap_industrial_mv_q2_2011.pdf" target="_blank"><span style="line-height:115%;font-size:9pt"><font color="#006633">Q2 2011</font></span></a>  <br /><br /><br /><strong><span style="font-family:'arial', 'sans-serif'">Asia Luxury Residential MarketView</span></strong><br /><br /><font face="Arial" size="2"><a href="/Research/Documents/AP_Residential_MV_Q1%202012_Final.pdf" target="_blank">Q1 2012</a> |</font> <a href="/Research/Documents/Asia_residential_MV_Q4_2011.pdf" target="_blank"><span style="line-height:115%;font-size:9pt"><font color="#006633" face="Arial">Q4 2011</font></span></a><font size="2"><font face="Arial"> | </font></font><a href="/Research/marketreports/ap_residential_mv_q2_2011.pdf" target="_blank"><span style="line-height:115%;font-size:9pt"><font color="#006633"></font></span></a><a href="/Research/marketreports/ap_residential_mv_q3_2011.pdf" target="_blank"><span style="line-height:115%;font-size:9pt"><font color="#006633">Q3 2011</font></span></a> | <a href="/Research/marketreports/ap_residential_mv_q2_2011.pdf" target="_blank"><span style="line-height:115%;font-size:9pt"><font color="#006633">Q2 2011</font></span></a>  <br /><br /><br /><strong><span style="font-family:'arial', 'sans-serif'">Asia Pacific Investment ViewPoint</span></strong><br /><br /><font face="Arial" size="2"><a href="/Research/SiteAssets/SitePages/MarketReports/AP_Inv_Q1_12.pdf" target="_blank">Q1 2012</a> |</font> <a href="/Research/Documents/AP_Inv_q4_11.pdf"><span style="line-height:115%;font-family:'arial', 'sans-serif';font-size:10pt"><span><span style="line-height:115%;font-size:9pt"><font color="#006633" face="Arial">Q4 2011</font></span></span></span></a></span></p>
<span style="line-height:115%;font-family:'arial', 'sans-serif';font-size:10pt"><div><p><span style="line-height:115%;font-family:'arial', 'sans-serif';font-size:10pt"><a href="/Research/marketreports/apiv_1111.pdf" target="_blank"><span style="line-height:115%;font-size:9pt"><font color="#006633">Nov 2011</font></span></a> | <a href="/Research/marketreports/apiv_1110.pdf" target="_blank"><span style="line-height:115%;font-size:9pt"><font color="#006633">Oct 2011</font></span></a> | <a href="/Research/marketreports/apiv_1109a.pdf" target="_blank"><span style="line-height:115%;font-size:9pt"><font color="#006633">Sep 2011</font></span></a> | <a href="/Research/marketreports/apiv_1108.pdf" target="_blank"><span style="line-height:115%;font-size:9pt"><font color="#006633">Aug 2011</font></span></a> | <a href="/Research/marketreports/apiv_1107.pdf" target="_blank"><span style="line-height:115%;font-size:9pt"><font color="#006633">Jul 2011</font></span></a>  </span></p>
<span style="line-height:115%;font-family:'arial', 'sans-serif';font-size:10pt"><div><br /><span style="font-family:'arial', 'sans-serif'"><span style="font-family:'arial', 'sans-serif'"><font size="2"><strong>Asia Pacific ViewPoint - Retail Sector Trends</strong></font></span><br /><br /><a href="/Research/SiteAssets/SitePages/MarketReports/APac_Retail_Sector_Trends_Q1%202012.pdf" target="_blank"><font color="#006a4d" face="Arial" size="2">Q1 2012</font></a><font face="Arial"><font size="2"> |</font><font size="2"> </font></font></span><a href="/Research/SiteAssets/SitePages/MarketReports/APac_Retail_Occupier_Activity_Q4%202011(2).pdf"><span style="font-family:'arial', 'sans-serif'"><font face="Arial"><font size="2">Q4 2011</font></font></span></a></div>
<div><span style="font-family:'arial', 'sans-serif'"></span> </div>
<div><span style="font-family:'arial', 'sans-serif'"></span> </div>
<span style="line-height:115%;font-family:'arial', 'sans-serif';font-size:10pt"><div><strong><span style="font-family:'arial', 'sans-serif'">Asia REITs</span></strong><br /><br /><a href="/Research/SiteAssets/SitePages/MarketReports/Asia_REIT_Viewpoint_feb2012.pdf" target="_blank">2H 2012</a> | <a href="/Research/marketreports/reits_1h11.pdf" target="_blank"><span style="line-height:115%;font-size:9pt"><font color="#006633">1H 2011</font></span></a>  <br /><br /><br /><strong><span style="font-family:'arial', 'sans-serif'">Global Office Rents</span></strong><br /><br /><a href="/Research/marketreports/gor_nov10.pdf" target="_blank"><span style="line-height:115%;font-size:9pt"><font color="#006633">Global Office Rents November 2010</font></span></a> <br /><a href="/Research/marketreports/gor_may10.pdf" target="_blank"><span style="line-height:115%;font-size:9pt"><font color="#006633">Global Office Rents May 2010</font></span></a> <br /><br /><br /><br />These reports can be downloaded in the <a href="http://www.adobe.com/" target="_blank"><span style="line-height:115%;font-size:9pt"><font color="#006633">Adobe Acrobat format</font></span></a></div></span><div> </div></span></div></span><p> </p></div></div></td>
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      <author>Elaine Wong</author>
      <pubDate>Tue, 06 Dec 2011 06:11:08 GMT</pubDate>
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