Readers opinion Gordon Benton, Lippo Karawaci voted #1 in Indonesia and #9 in Asia-Pacific 2005 by Euromoney There is so much going on in China, and of course we are all reading about the realm of real estate. CRE China enables me to check out the latest trends and level of investor interest very important for my job as an Urban Planner and Investment Advisor.

Mr. Michael Bowens, Manager, CB Richard Ellis | Industrial & Logistics Services Shanghai: I got the new edition of the Real Estate magazine, it looks GREAT! Well done. I usually glance at most of the business magazines that land on my desk but this I will not only read, I will take home to re-read.

Mr Pan Nai Yue, Sales Manager, Marketing and Sales Center, Shanghai Caohejing Hi-Tech Park: CRE China is really a very high quality magazine, and provides professional ideas that even others talk about. Although we are an INDUSTRIAL property developer, and mainly focus our business on industrial property, industrial parks, and standard workshops, we are very interested in your magazine, as you could help us to convey our products to our target market and potential clients.


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Beijing’s Capital Airport Expansion

Anybody who flies frequently in and out of Beijing’s Capital airport knows how important the new 3rd Terminal is. Not just for the sake of welcoming international guests for this year’s Olympics, but for relieving passenger congestion. The present two terminals, while well designed and spacious in themselves, have simply not been able to cope with the explosion of the airport’s passenger traffic in recent years. The scene at some of the waiting rooms, especially for those who are not flying China’s national carrier, Air China, for internal flights, reminds one of Chinese train waiting rooms, with passengers cramped together on hard seats waiting while gates are switched at the last moment, and frantic airport personnel make hurried announcements through hailers. Then there is the long trip on a bus to a plane waiting a few kilometers away on the other side of the airport. Hardly the way to transport China’s important Olympic guests around the country to venues such as the sailing venue in Dalian where an emperor’s treasure chest has been spent on the new sailing facility. Fortunately for the Chinese population as a whole, the new third airport will be around a lot longer than the Olympics. Thank you Olympics.


The US$3.4 billion expansion of terminal 3 (T3), up from a planned US$2 billion project (but what airport terminal is ever completed within budget), will increase capacity to 90 million passengers per annum by 2012, according to an ARUP news release, up from the present 35 million Passengers. The potential figure has changed from 60 million posted on official websites when the project was started four years ago. It is, in fact, difficult to believe official figures as they seem to have changed on a yearly, if not monthly, basis in conjunction with the increasing cost of construction. With the new terminal, Capital Airport’s three terminals will be able to handle 1,800 flights a day. Safety concerns prompted the CAAC (Civil Aviation Authority of China) to order the airport to cut the number of daily flights by 48 to 1,050 in October.

Designed by British architect Lord Norman Foster, also the man behind Hong Kong's ultra-cool Chep Lap Kok Airport, ‘T3’ has special bridges to handle Airbus's giant double-decked A380. It has almost double the number of boarding gates of the old terminals and nearly 300 check-in desks, meaning that check-in queues will be minimal, although they already seem minimal in Terminal 1 and 2 if you are a European and used to checking in at Europe’s major airports on a busy day. A train link, to open before the Olympics, will zip people downtown in about 15 minutes on the 28-km line, and the high-tech baggage system will handle 19,800 bags an hour. Passengers have hitherto had to rely on taxis to and from the centre of Beijing for a journey that can take between 30 and 90 minutes depending on traffic. The increased capacity of BCIA, (Beijing Capital International Airport) coupled with the continued growth in passenger numbers, brought about by the Olympics and China’s continued growth on the global market, will bring BCIA into the top five airports globally for total passenger numbers, alongside the likes of London Heathrow UK (Europe’s busiest airport), Atlanta Georgia USA (the world’s busiest airport), Chicago O’Hare USA, and Tokyo Haneda Japan (Asia’s busiest airport).

Peter Hainsworth
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ImpressMedia is an established British publishing house which over the past four years has created a series of real estate magazines in Russia. The most famous of these is Commercial Real Estate, which has become a strong brand in the Russian market, and serves as an important means of communication between suppliers and providers; as well as between real estate professionals seeking to widen their horizons. In 2003, ImpressMedia also started a yearly commercial real estate Awards ceremony, which has now become an integral part of the real estate world in Russia. John Harrison helped create 'Commercial Real Estate' magazine in Russia, and was its first editor, from November 2002 to August 2005. He has written about real estate for over a decade.
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