This is the inaugural edition of BMI's Real Estate Report, which critically analyses the key dynamics of the real estate sector, with a special focus on its prospects amid the global slowdown and international banking crisis and related contraction in bank lending. BMI is uniquely well placed to look at the various countries' real estate sectors in a global context. We derive many details and insights from our regular surveys of commercial banking and the infrastructure sector, and our industry analysis is underpinned at all stages by our Country Risk team's expertise in macroeconomic forecasting. Furthermore, our Real Estate analysts have developed a sophisticated understanding of the main factors that determine risks and shape the business environment in various countries. Specifically, the report assesses the short- and long-term issues in each sector. One key issue is the credit crunch - domestic and global - on real estate, at the level of construction, property purchases, and aggregate demand for commercial and residential real estate. Consequently, we draw together an analysis of domestic and global banking issues, as well as macroeconomic prospects. More broadly, we investigate the structural issues facing the industry, notably the constraints on business activity, be they regulatory, demand-led, or financing. To do so, we draw on an investigation of the activities of the actors themselves - construction companies, developers, investors and service providers - and our own research on other areas, such as commercial banking. An important feature of our reports is the Real Estate and Construction Business Environment Rating (RECBER), a shorthand summary of conditions faced by real estate developers and to a large extent construction companies which facilitates comparisons between countries.
Report Table of Contents:
Executive Summary
Key Features Of This Report
SWOT Analysis
Taiwan Real Estate/Construction SWOT
Taiwan Economic SWOT
Taiwan Business Environment SWOT
Real Estate Market Overview
Key Projects
Construction Overview
New And Ongoing Projects
Residential Construction
Residential Construction
Commercial Construction
Commercial Construction
Industrial Construction
Industrial Construction
Table: Taiwan - Major Projects - Construction
Real Estate Investment Trusts
Introduction
Table: FTSE EPRA/NREIT Global Real Estate Index, Total Returns (US Dollar Terms)
Table: US REITs, Total Returns (US Dollar Terms)
Pointers
Industry Finance Outlook
International Financing
Global Outlook
Table: Loan Growth, 2006-2013 (% Change y-o-y)
Table: Loan-To-Deposit Ratios, 2006-2013
Domestic Financing
Monetary Policy
Table: Taiwan - Monetary Policy
Industry Forecast Scenario
Table: Asia Pacific Housing Prices At A Glance (% Change y-o-y)
Table: Asia Pacific Office Rents, CBRE
Table: Current And Forecast Office Rents, 2008-2014 (US$ Per Square Metre Per Month)
Construction
Table: Economic And Construction Data
Domestic Economy
Table: Taiwan - Economic Activity
Real Estate/Construction Business Environment Rating
Table: Asia Real Estate/Construction Business Environment Ratings
Real Estate/Construction Business Environment Ratings
Taiwan’
Project Finance Ratings: Outlook For Asia Pacific
Table: Design And Construction Rating
Table: Commissioning And Operating Rating
Table: Overall Project Finance Rating
Business Environment
Introduction
Table: Business And Operational Risk Ratings
Latest Developments
Table: Legal Framework Ratings
Infrastructure
Table: Labour Force Quality
Market Orientation
Table: Asia - FDI Annual Inflows
Table: Trade Ratings
Table: Top Export Destinations
Operational Risk
Company Monitor
Kung Sing Engineering
BES Engineering Corporation
Farglory Land Development
Huang Hsiang Construction Corporation
Cathay Real Estate Development Company Limited
Hung Poo Real Estate Development
Huaku Development
BMI Forecast Modelling
How We Generate Our Industry Forecasts
Construction Industry
Bank Lending
Real Estate/Construction Business Environment Rating
Table: Weighting Of Indicators
Project Finance Ratings Indicators
Table: Design And Construction Phase
Table: Commissioning And Operating Phase - Commercial Construction
Table: Commissioning And Operating Phase - Energy And Utilities
Table: Commissioning And Operating Phase - Transport
Sources
For more information or to purchase this report, go to http://www.fastmr.com/
About Business Monitor International
Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.
BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including Daily Alerts, monthly regional Insights, and in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/
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