内容摘要：U.S. Recovery: Weakest on Record The U.S. economic recovery officially beganin June 2009. It has been the slowest recovery on record, by far. In the 13 quarterssince the recovery began, U.S. GDP has increased a total of 7.2%, or an average of2.2% per year. By comparison, over the eight previous recoveries, from 1954 through2001, the average increase in GDP after 13 quarters was 15.4% or 4.7% per year.

内容摘要：Today’s corporate real estate (CRE) departments are dealing with a host of challenges as companies around the world continue to be hampered by a slow growing and ever more risky global economy. Occupiers large and small are searching for new and innovative ways to increase revenue growth, while at the same time controlling costs. How to best invest and deploy capital in this environment is a fundamental question for many businesses, and CRE is being asked to play a prominent role in helping companies assess these options.

内容摘要：China’seconomycontinuedtocoolin2014andavarietyoffactorsarelikelytofurtherconstraineconomicgrowthinthecomingyears.ThisslowerexpansionfuelsincreasingconcernregardingothermeasuresofeconomichealthinChina,suchasemployment,householdincome,consumerspending,fiscalrevenue,andfinancialsystemstability.

内容摘要：Beijing’s economy maintained steady growth, but the city saw slowing real estate investment and weak transaction volume. According to the Beijing Municipal Bureau of Statistics, the Chinese capital’s regional GDP experienced a 7.1% year-on-year increase to RMB441.3 billion, of which tertiary output accounted for 78.5%, increasing by 0.6 percentage point year-on-year to RMB346.43 billion. Real estate investment transaction volume was limited. By the end of May 2014, a total of 4.54 million square meters of first-hand real estate had been sold, a drop in volume of 33.6% year-on-year.

内容摘要：During the fourth quarter, the total stock of high-quality retail properties in Shenzhen increased by 2.9%. The launch of COCO City in the Longhua submarket added 80,000 square meters (sq.m.) of retail accommodation, bringing the city’s total supply to 2.88 million sq.m. This mid-end shopping mall is Shenzhen developer Galaxy Group’s third offering in the city under the COCO brand. Fully occupied upon opening, COCO City is anchored by a China Resources Vanguard supermarket and benefits from convenient metro access to the city center. The project is expected to support rental growth and increased consumption in the densely populated residential area of Longua New District.

内容摘要：Consumer sentiment in Asia continued to improve in the first quarter on the back of increased job security and the acceleration of the economic recovery. The Lunar New Year holiday also helped boost retail sales during the period. Retailers showed a greater willingness to commit to new shops for business expansion and increased leasing activity was recorded in key shopping

内容摘要：Primary property sales in July for the 12 major cities in the PRC rose around 15% MoM, hitting a 3-month high after April’s YTD peak. New sales launches in July increased 75% MoM, leading to a decent increase in sales volume for the month.

内容摘要：In general, tier‐1 cities are faring better with an 18% MoM increase in total sales volume (total volume of tier‐2 cities: up 13% MoM), but their average selling price (ASP) fell quicker than that of tier‐2 cities.

内容摘要：Following reductions in LTVs in 2008, the majority oflenders expect further falls in 2009. At the same time, themajority of lenders see margins increasing further in

内容摘要：The value of deals in Australia increased by22% in the first quarter of 2009, despite asmall drop in the number of deals over $5m,as investors took advantage of the re-pricingin commercial property markets. Private

内容摘要：In the grade A office market, occupier demand started to pick up as market sentiment improved. Rental correction is finally over and average office rents increased by 6.3% in general.

内容摘要：DTZ DELHI NCR OMB DTZ DELHI NCR OMB

内容摘要：Companies continue to look for ways to reducecosts as profits are eroded; a reduction in workforceis quickly followed by an increase in sub lease space.

内容摘要：Key themes: Exposure to central/western China, brand, strong B/SWe expect our coverage universe to increase market share amid a prolongedindustry slowdown and to improve their medium-term earnings growth visibility.

内容摘要：Property market fundamentals continue to improve across Asia Pacific, underpinned by stronger economic conditions andbusiness confidence. Take up of space is strengthening and more markets have moved to the upturn phase of the rental cycle.Capital values started to recover earlier than rentals and are now increasing in most markets.

内容摘要：China needs to boost domestic consumption to sustain growth, as the growthmomentum from trade and investment is likely to moderate on an anemic G3 recoveryandahigh-base effect, respectively. Weexpectgovernmentpoliciesto beincreasinglyskewedtowardsthepromotionofdomesticconsumption and attractive long-terminvestment opportunities usually arise during a paradigm shift, just like they did inChina’s 11th five-year plan period (

内容摘要：assembled monolithic concrete structure 装配整体式混凝土结构

内容摘要：Gardens adjoining stair case stepping down from the street to soften change in levels have been Increased in size.Water fall from street level to pond below – water flows into the site and is a symbolic connection with the adjoining open space to the north and represents the “source” of the flow of water into the atrium space.White water wall effect terminatesCentral axial view through atrium.Row planting of palms continuous with those in atrium space connecting to street level and the adjoining open space to the north.Palms repositioned and quantity reduced.Overall quality is of a lush planting which together with the water feature provide a strong element to terminate the central axis

内容摘要：The regional economy continues to enjoy broad-based growth in both domestic and external sectors. Stronger domestic conditions are feeding through to employment growth in a number of countries including Hong Kong, Singapore, South Korea and Australia, while in China, urban employment increased by around 5 million in 1H10.On the other hand, labour market conditions remain weak in Japan, where a quarter of a million jobs have been lost in the first half of this year. On the external front, world trade volumes have continued tostrengthen, and in May were just 3% below the peak level reached in April 2008, according to CPB Netherlands Bureau for Economic Policy Analysis.

内容摘要：Demand for commercial property in Asia continued to grow in the first quarter of 2010as the improving economic environment encouraged companies to revive expansionaryplans and actively search for new premises. Numerous occupiers in the office sector tookadvantage of the lengthy downward correction in rents - which has lasted over a yearin most markets - to upgrade their premises to Grade A facilities while a rise in leasingactivity was recorded in key shopping districts in major Asian cities as retailers, particularlyfast fashion and F&B chains, displayed a renewed willingness to expand. In the industrialsector, a jump in demand for industrial property drove increases in rents in several majorcities across China, while buyers and investors in the luxury residential sector exhibiteda more cautious stance following a shift in real estate policy settings implemented byvarious governments looking to clamp down on speculative activity and rein in the rapidescalation of capital values.

内容摘要：Going forwards, we see three factors that will positively affect the city’s office market. Firstly,Market OutlookShanghai employers’ are looking at a headcount growth of 26% for Q3 2010. This would represent astable increase in job figures of both 11 percentage points q-o-q and 28 percentage points y-o-y.Secondly, Shanghai’s enterprise survey index continued to remain in positive territory, registering136.2 in Q1 2010. Thirdly, from January to April 2010, the accumulative utilised FDI reached USD3.552 billion, an increase of 5.1% y-o-y.

内容摘要：In Q2 2010, no new grade A office buildings came on to the market, leaving total stock at 360,600 sq m. The average availability ratio dropped by 5.69 percentage points quarter on quarter (q-o-q) to reach 11.59%, the lowest in the recent nine quarters. The overall monthly rental increased in Q2, by 7.11% q-o-q to reach RMB 114.97 (US$16.83) per sq m. Both rent and price are expected to rise in the next five years (Figure 1).

内容摘要：GZ has double digit increase in GDP growth rate over the past 10 years. Tianhe ranked 1st in GZ. Tianhe is CBD of GZ and is estimated to have 2 million sqm grade A office area by 2009

内容摘要：A city with an area of around 1,950 sq km,Shenzhen is one of the most dynamic citiesin China. In the late 1970s, China becameincreasingly aware of the importance of openingup itself to the global economy.

内容摘要：March 8, 2012 Beijing — The CBRE Global Office Rent and Global Capital Value Indices held steady in Q4 2011, increasing by only 0.48% and 0.44%, respectively. Compared with year-end 2010, the indices measured increases of 5.0% for Global Rent and 8.2% for Global Capital, reflecting stronger growth in the first half of 2011

内容摘要：(ii) Stage of property lifecycleEach of the green building rating systems can be used atslightly different stages of the property life-cycle. The majorityof them began with a focus on building design for new builds.Increasingly, existing and new rating systems are beingapplied to the refurbishment and management of existingbuildings. Most of the commonly used green building ratingsystems now have multiple versions available for differentstages of the property process (see Table 2 overleaf).

内容摘要：Lowering target prices to reflect near-term tightening riskWe lower our 12-month target prices across our coverage group by 0%-32% after increasing our target price discounts to NAV by 0-20 percentagepoints (to within a range of 10%-40% from our prior 0%-30% range). Thisreflects our concern of greater uncertainty arising from recent governmentmacro tightening. Although we believe its purpose is to slow, rather thanreverse, China’s economic recovery, we believe the tightening could affectthe pace of developers selling properties or realizing their land bank valuein the near-term and could therefore weigh on share price performance.

内容摘要：concrete 混凝土;“石屎”、concrete agitator 混凝土搅拌车;混凝土拌合机、 concrete batching 配制混凝土、concrete batching plant 混凝土配料设备;混凝土配料厂 、 concrete block 混凝土砖 。

内容摘要：混凝土:concrete 钢筋:reinforcing steel bar钢筋混凝土:reinforced concrete(RC)钢筋混凝土结构:reinforced concrete structure板式楼梯:cranked slab stairs。

内容摘要：New York, August 30, 2011 – Data through June 2011, released today by S&P Indices for itsS&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, show that the U.S.National Home Price Index increased by 3.6% in the second quarter of 2011