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RICS Global RE Weekly: Chinese Property Activity Already Responding to Cooling Measures


HONG KONG, May 7 /PRNewswire-Asia/ -- A raft of economic data is due in China next week which will shed further light on whether measures aimed at cooling the property market are having an impact on domestic demand in the economy. RICS expect that annual growth in fixed asset investment will continue to trend downwards over the course of 2010 as the removal of stimulus measures and policy tightening kick in.

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Commercial property investment recovery continues in Malaysia

Economic indicators of late of Malaysia have been positive, and signs of a real estate recovery are backed up by the RICS Global Commercial Property Survey. The survey suggests that sentiment amongst surveyors in Malaysia is improving, with indicators showing more positive results than last quarter.

Q1 Euro area GDP growth likely to exceed Q4 2009

The flash estimate of Q1 Euro area GDP is due on Wednesday 12th. In Q4 GDP was flat (lifting the annual growth rate from -4.1% in Q3 to -2.2% in Q4). Although there was a positive net trade contribution, investment and government spending declined, while household consumption remained unchanged.

Canadian house prices close in on previous high

On Wednesday 12th the March house price index is released. House prices have risen for eight successive months and are now within a whisker of the all-time high.

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Ms Belinda Chan / Ms Ava Lau

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Source: RICS (Royal Institution of Chartered Surveyors)
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