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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Commercial Real Estate in China - Letter from the editor
Letter from the editor

The jewel in the crown, Hong Kong, has enjoyed a comfortable upturn since the SARS outbreak in 2003 with office prices in Central prime reaching HK$150 psfpm and higher. The upward drive has been good for everybody except tenants. Even for them, the higher prices have meant expansion and creation of new hubs. Not so many people are asking: how long will the current upward trend continue? Everyone is too busy making money. After all, mighty China is next door to protect the previous British colony from the periodic tantrums of international financial markets. But for how long? Our cover article this issue concentrates on this question.

Editor’s know that bad news is much more readable than good news. Recently, ethnic problems have achieved a lot in terms of the creation of negative energy towards China. As real estate is closely linked to perception of stability, these events are of great significance to all in the industry. I recommend any skeptic of China, quite justifiably, and I agree, armed to the teeth with the latest news; to take a visit to the new Beijing Capital Airport extension, BT3. The skeptic will be aware pf problems associated with construction. Citizens of Beijing, however, are grateful for the new extension as it means the end of queues at check in, and the terminal will be around a lot longer than the Olympics.

In this issue we also publish an article about the Tianjin office market. If there ever was a clear example of how different China’s urban planning is from western models, Tianjin is it. The government is creating central business districts in advance. This kind of forward planning is very difficult to pull off anywhere else in the world. It works here though, and this is something that we should get used to, and learn how to capitalize on.

John Harrison
harrisonjohng@gmail.com

     
 
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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