Return on Investment

By The Nation
Published on October 7, 2008

Noble Development offers guarantee on rental income at Noble Solo

Noble Development rolled out its latest marketing cam¬paign, which guarantees a 6percent return on investment for customers who bought in to the Nobel Solo project to rent out units, managing director Thongchai Busrapan said.

Noble Solo is a 24storey complex with 408 units available at a starting price of Bt87,650 a square metre, or Bt2.98 million for studio units and Bt4.1 million for onebed room units. - The Nation

Acquisition

Aberdeen makes the best of global equity downturn

Aberdeen Asset Management is using the slump in stock markets worldwide to buy City Developments, Singapore's secondlargest property company, whose shares have plunged 44 per cent this year.

"Twelve months ago, we were strug¬gling to find value,'' Aberdeen global equities head Stephen Docherty said. "Now, it's everywhere.''

The MSCI Asia Pacific Index has retreated 33 per cent this year as global economies slowed and institutions posted about US$600 billion (Bt20.62 trillion) in losses and writedowns. Aberdeen had owned United States banking stocks for five years, Docherty said.

Aberdeen manages $220 billion of assets worldwide. The company, with an Asian head office in Singapore, has more than 130 employees in the region. - Bloomberg

country data

UK commercial investment falls as credit evaporates

Investment in British shops, offices and warehouses declined 17 per cent in the third quarter as potential buyers found it more difficult to borrow money, Jones Lang LaSalle said.

Commercial realestate investment fell to about £5 billion (Bt301.95 billion) from £6 billion in the previous three months, the broker said. The biggest declines were for transactions involving offices in London and shopping centres.

In the first nine months, £18 billion of properties was sold or 58 per cent less than a year ago. - Bloomberg

developer focus

Nusasiri Group announces plans to float residential projects worth Bt2 bn

Nusasiri Group is introducing two new residential projects, worth up to Bt2 billion, this year.

The first project will be a luxury condominium on Sathorn Road that has 78 units with prices starting at Bt220,000 a square metre. The second is a detachedhouse project on Rama II Road offered at a price of Bt10 million a unit.

"We are more confident about launching new residential projects now that we have cleared all our debts," chief executive Visanu Thepcharoen said.- The Nation

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Return on Investment

Noble Development offers guarantee on rental income at Noble Solo

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