The Hong Kong luxury residential market has undergone a number of distinct cycles since the Handover in 1997. Following the difficult period which the market underwent between 1998 - 2003, in which the luxury residential sector was successively impacted by the eruption Asia financial crisis, implosion of the bubble and the outbreak of SARs, commencing in year-end 2003 the emergence of closer cooperation between Mainland and Hong Kong governments has ushered in a period of buoyant economic growth in the local economy.

In a survey of office occupation costs in 176 cities worldwide, Singapore was ranked number 5 on the top 50 markets with the fastest growing rents as at May 2007, from a year ago. The cities were ranked by a 12-month percentage change increases in occupation cost in sq. ft. per annum.

Over this period of time, rents in Singapore rose 53.6 per cent to the price of US$67.

Hong Kong is one of the most popular as well as exotic destinations in the world. It is not only famed as a hot tourist spot but also considered an excellent business center, and hence sometimes acknowledged as the 'Gateway to the booming economy of China'. Hong Kong also holds the distinction of being one of the safest international cities in the world, as crime rates are tremendously lower when compared to other metropolitan cities.

The rate of competition for quality yield accretive real estate remained intense in Asia during 2005 with strong institutional investor activity observed across-the-board.

The Research recorded major real estate transactions in Asia totalling US$ 31.9 billion, with Tokyo (accounting for 28% of transaction volume), Hong Kong (22%), Singapore, Mainland China and Seoul emerging as the region's major centers of large-lot real estate transactions.

In the period before 2001, Asia had merely 4 property trust funds listed on the Bursa Malaysia, and now, a mere six years later, Asia has a total of 68 REITs or REIT-like vehicles have been listed.

Japan continues to account for the preponderance of REIT listings in Asia to date, with 32 having already been listed on the Tokyo Stock Exchange or the Osaka Securities Exchange, representing 64% of the total REIT market capitalization in Asia; followed by Singapore with 9 S-REITs listed as of March 2006.

In the first quarter of 2007 institutional investors continued to show strong interest in the acquisition of logistics facilities, with high levels of investment activity in Japan and China. Demand for industrial property or land remained buoyant in most Asian cities on the back of robust economies and sustained growth in the manufacturing sector.

In Japan, investor interest in distribution facilities continued to grow during the first quarter of 2007, with domestic and international investors both active in the sector.

Asia is perhaps the friendliest of all the continents on the earth. Being home to a multitude of culture, religion, stories, and myths - each of the Asian countries renders a unique style of living and custom.

For instance, if you are looking for a hi-fi style of living, Asian countries like Japan is the best. Sightseeing options are aplenty in Asia, the evidences of which are awesome attractions of Thailand and Singapore.

The capital of the People's Republic of China, Beijing is one of the imposing cities in the world. Located in the Northeast China, Beijing serves as the cultural, economic, and political center of the nation.

One of the four ancient capitals of China, the city is much famed for its imperial past, and has to its credit a large number of gorgeous showplaces and sites of historical significance, such as the Palace Museum of the Forbidden City, the Museum of Chinese History, and Qianmen preserving such attractions as the Tongrentang Traditional Medicine Shop, established in 1669.

The economic reform found in most of the Asian nations has led to a rapid expansion of real estate sector, of which property management is an indispensable segment. Although, it is a significant sector in many of the western countries, managing property is quite a new concept in Asia.

However, managing property in Asia is now more than rent collection and repairs services.

Located in central part of the country along the low flat plain of the Chao Phraya River, Bangkok is the largest as well as the capital city of Thailand. The cultural, educational, and political center of Thailand, Bangkok is one of the top tourist destinations in southeastern Asia, with a range of fabulous attractions such as Chitralada, Royal Grand Palace, Erawan Shrine, the temple of the Reclining Buddha, Wat Pho, the Bangkok National Museum, and the Bangkok University Art Gallery.

The economic gateway to China - Hong Kong is one of the most popular destinations in the world, with a lively property market. With the increased awareness of property enhancement, improvement in market laws, and innovative requirements of people, property management now finds a prominent position in the Hong Kong property market.

Managing property in Hong Kong is a burgeoning industry, and is considered a core segment of facility management services.