Monday, August 10, 2009

Real Estate - High Returns on Manila Condominiums

The rental returns from letting residential condominiums in central areas of Metro Manila range from 8% to 15% yearly, according to a survey just released by the Global Property Guide.

The smallest apartments in each segment earn the highest yields. For instance, studio apartments in the prime areas of Metro Manila can earn around 13%-15%. But the highest returns are available on the smallest studios (30 sq. m.), which earn rental returns of an average of 15.1%. Larger studio condos (40 sq. m.) earn slightly lower returns (12.9%).

The same pattern holds in other condominium segments. One to two bedroom units (measuring 50 – 90 sq. m.) earn around 12%-15%, but the highest returns can be earned on the smaller (60 sq. m.) condos, which earn rental returns of 15%. Larger 1 – 2 bedroom condos (80 sq. m.) earn rather lower returns (11.5%).

“The pattern is unusual,” says Matthew Pollock, publisher of the Global Property Guide. “Instead of a smooth progression from high yielding units to low, we have high to low with high-yielding ridges or lumps at particular apartment sizes - which correspond to the smallest case of a particular number of bedrooms.”

by global property guide : Copy and paste only to get correct link

http://globalpropertyguide.com/articleread.php?article_id=89&cid=4

Real Estate - New Villar holding firm hikes capital to P12B

By ZINNIA DELA PEÑA
The Philippine Star


Vista Land & Lifescapes Inc., the newly-incorporated holding firm of the family of re-electionist Sen. Manuel Villar, is raising its capital to P12 billion from only P4 million in preparation for the listing of its shares on the exchange.


The establishment of a holding company is part of a plan to raise additional funds for the development of the Villar group’s real estate projects.


Securities and Exchange Commission officials said Vista Land will either list its shares by way of introduction or through an initial public offering (IPO) of its shares.


Vista Land will serve as the Villar family’s holding firm for its shares in various companies catering to distinct segments of the residential housing market.


One such company Polar Property Holdings, subscribed to 722.61 million shares of Vista Land, as it contributed its shares in Britanny Corp., Crown Asia Properties North Inc. and Crown Communities Holdings to Vista Land in exchange for a 16% stake in the latter. As such, Polar will be able to participate in the business of a much bigger company that has nationwide presence, broader residential housing product portfolio and wider market reach.


Other assets to be transferred are Crown Communities in Cebu, Iloilo, Davao and Pampanga, all of which offer residential projects outside the Mega Manila area, in the low-cost, affordable and middle-income market segments.


Polar and other property transferees agreed to transfer their shares to the respective operating subsidiaries on the basis of the book value of the shares of the operating subsidiaries as of end 2006 and the agreed issue value of the Vista Land shares which is P2.46 per share.


Brittany caters to the high-end market segment in the Mega Manila area, offering luxury homes in master-planned communities priced at P9 million and above. Its major developments include Crosswinds in Tagaytay City and Portofino in Alabang. It has recently ventured into the high-rise residential condominium business with the Viera project in Parañaque, Mosaic in the Makati central business district and the newly-launched Avant project in Fort Bonifacio.


Crown North and Crown South, meanwhile, cater to the middle-market segment in the Mega Manila area, offering houses priced between P3.5 million and P9 million. Since their inception in 1995, these companies have launched and developed more than 20 projects which include Maia Alta, Cottonwoods, Ponticeli, Citta Italia and Amici.

http://everrarealestate.tripod.com/id233.html

Entertainment - 'Twilight' dominates Teen Choice awards

(People.com) -- The vampire drama "Twilight" drove a stake through the 11th annual "Teen Choice 2009" awards on Sunday, winning 11 trophies in a ceremony also notable for its celebration of musical acts new and not-so-new.

Robert Pattinson was one of the many 'Twilight' stars to clean up at the 'Teen Choice Awards' on Sunday.

Robert Pattinson was one of the many 'Twilight' stars to clean up at the 'Teen Choice Awards' on Sunday.

Audience members thirsting for a glimpse of the "Twilight" stars were not disappointed, as the film won best drama as well as acting awards for leads Robert Pattinson and Kristen Stewart and supporting stars Cam Gigandet, Ashley Greene and Taylor Lautner.

Pattinson was also named Choice Male Hottie. "I really appreciate it. I have to say, the hottest teens of the year are 'Twilight' fans!" he told the crowd during the taped event, which airs Monday night on Fox.

Choice Female Hottie went to Megan Fox, star of "Transformers: Revenge of the Fallen." Video See stars on the 'green' carpet »

Music largely dominated the proceedings otherwise.

The Jonas Brothers hosted the show and won five of the surfboard-shaped awards, including breakout show ("Jonas"). And Miley Cyrus won six, including best single ("The Climb") and acting awards for the TV and movie versions of "Hannah Montana." People.com: See photos of Britney, Miley & more rock the "Teen Choice Awards."

Cyrus also presented her "hero," Britney Spears, with the Ultimate Choice Award. "Thank you guys so much," said Spears, looking fit in a short one-shoulder black sequined dress as fans chanted her name. "I'm so happy to be here tonight with all of you. From the bottom of my heart, thank you so much. God bless!" People.com: See the latest photos of Britney Spears.

"Gossip Girl" also won big, winning best drama and acting awards for Chace Crawford, Leighton Meester and Ed Westwick.

Zac Efron also won multiple acting awards, for his performances in "High School Musical 3" and "17 Again."

Some of the show's extracurriculars went over better than others.

As part of a "Dare the Jonas Brothers" segment, Nick Jonas was dared to hug as many fans as he could in 20 seconds -- including surprise fan Kim Kardashian -- and Joe Jonas, blindfolded, had his hair cut by Mike Tyson. People.com: Kim Kardashian goes blonde: love it or hate it?

But Dane Cook was booed for referring to nude photos of "Bandslam" actress Vanessa Hudgens. Asking where she was in the audience, the comedian quipped, "Girl, you gotta keep your clothes on!"

The awards were selected by more than 83 million votes cast online. The show took place at Universal Studios Hollywood's Gibson Amphitheater.

By Eunice Oh and Tim Nudd
http://edition.cnn.com/2009/SHOWBIZ/TV/08/10/twilight.teen.choice.awards/index.html

Parents seek answers after children abducted

DONGGUAN, China (CNN) -- Whenever Deng Huidong sees a little boy around 3 years of age, she can't help but wonder if he's her son. Her son, Ye Ruicong, was snatched by human traffickers more than a year ago when he was just 9 months old.

Parents outside the home of activist Deng Huidong in southeast China, hold banners with pictures of abducted children.

Parents outside the home of activist Deng Huidong in southeast China, hold banners with pictures of abducted children.

"I imagine how tall he would be, how fast he could run," Huidong said. "I take photos of boys who are about the same age to see; this way I can recognize him if we ever meet one day."

Huidong believes Ruicong was sold, possibly within hours, to a family without a son looking for a male heir.

Males come with a premium price tag in China. During a videotaped confession, a woman caught trafficking children two years ago told police that boys can sell for up to $1,200, girls for just more than $200.

Ruicong was gone in an instant. Recalling the abduction, Huidong said a white van slowly drove by while she was just outside her home with her daughter and son. The van stopped and reversed to the Deng household. The doors opened and a man leaned out and grabbed Ruicong. The van then sped off.

"It all happened within seconds; they didn't even get out of the car." Video Watch how children are snatched »

Huidong gave chase on foot, screaming. A stranger on a motorcycle offered to help and together they chased the van until they reached a police car.

"I went in that damn police car but after a only a few seconds, they took a sudden turn down another road. I asked why but they just kept silent. I was crying and asking; they simply didn't reply. Later at the police station, I asked why and he told me he was off duty, so it was some one else's responsibility to catch the traffickers."

Despite repeated requests by CNN, the police involved refused to comment.

"We were really angry with the police," Huidong said. "Our son was snatched and they simply did nothing. It was like my lost son is less important than a dog."

Other parents whose children were lost have also complained of police indifference. Like Zhang Chunxiang, whose son went missing five years ago.

"Nobody helped us. The police did not think it was a big deal; it was November. It was not until December when they started to investigate."

Chen Fengyi's 4-year-old son was abducted while playing outside the family shop.

"The local police said our child had strayed by himself. Our entire family looked for him until dawn, I went back to the police station and knelt down to them but they didn't care, they kept saying 'the child went astray, look for him yourself.' The reason why they wouldn't open a case file was because there was no one who saw the abduction, nor was there video surveillance of the child being taken."

Police again declined to be interviewed.

But the man in charge of stopping human trafficking in China did agree to talk. Video Watch his assessment of the problem »

Chen Shiqu, director of the Anti-Human Traffic Division of the Public Security Ministry, confirmed that in the past if there was no evidence a child had been abducted, then police did not have to open a case. But now the law has changed.

"Local police have been told to react as soon as they are alerted and these cases are now being treated as a criminal offense," Chen said. "There were cases (in the past) with no witnesses, or security video available, police officers would help look for the missing child and investigate but the case wasn't treated as a crime. But now they're all treated as crimes."

Chen would not comment on specific cases, only saying the claims by parents in this report were the exception.

"The few cases you mentioned will be solved according to procedure."

Even when abduction has been caught on security camera video, there have been charges that the police have been slow to act. Lele was 3 years old when he was taken from a square in the city of Shenzhen, all caught by security camera video, but his father Peng Gaofeng says it took police eight days to watch this tape.

"They didn't say anything after they watched the video. They just copied it and said it was confidential. I thought they would try to find my kid with the video, but I never heard anything for two months. I asked the policemen and they said this case was confidential"

More than a year later, Lele remains missing, and his father says he is treated like a dissident.

"During sensitive times, like Children's Day, the government forces me to leave town ... they were afraid I would organize some activities like searching for kids. It's always like that."

Police in Lele's case did not respond to CNN's request for an interview.

Chen did not say how many children and how many women are annually trafficked in China, saying only the total for last year was 2, 256 -- roughly divided evenly between children and women.

He disputed -- without saying why -- the U.S. State Department estimate that between 10,000 and 20,000 women and children are trafficked each year in China; he disputes the view from the United Nations that anecdotal evidence suggests the official numbers are low.

"Police stations have recorded every case of kids missing and trafficked," Chen said, "so we don't think your data are valid."

In 2005 the Committee on the Rights of Children said the Chinese government numbers almost exclusively refer to the number of rescues, not the number of kidnappings.

Chen said police have launched regular nationwide crackdowns; rescued babies have been shown on state-run television. There's a new most-wanted list of the country's worst traffickers, he said, and 11 out of 20 have been arrested. Chen also cited something parents of missing children have been asking for: a new DNA database operating in parts of the country, matching rescued children with their parents.

"The appearance of children missing or stolen changes so that even their parents have difficulty in recognizing them," Chen said.

The parents of the stolen children also have complained that the law does not punish the buyers, providing the child is not mistreated. As long as that doesn't change, they say, there will always be a market with traffickers eager to do business.

advertisement

As for Deng Huidong, the mother of Ruicong, she said thoughts of a family reunion are too painful.

"These days I just keep thinking that my boy is being taken care of by a kind-hearted family. I could give my son up as long as they really like him, and just tell me he is living a comfortable life."

http://edition.cnn.com/2009/WORLD/asiapcf/08/10/china.stolen.children/index.html
By John Vause
CNN

Earthquakes shake Tokyo area, Indian Ocean

TOKYO – A powerful earthquake with a preliminary magnitude of 6.6 hit Tokyo and nearby areas shortly after dawn Tuesday, halting trains and forcing two nuclear reactors to be shut down for safety checks.

The U.S. Geological Survey said another, unrelated quake with a 7.6 magnitude hit the Indian Ocean about 160 miles (257 kilometers) north of Port Blair in India's Andaman Islands. A tsunami watch was called for India, Myanmar, Indonesia, Thailand and Bangladesh. The caution was later lifted without any tsunami being recorded.

The Andaman Islands quake was reported to be 20.6 miles (33.15 kilometers) deep, the U.S. Geological Survey said. On Dec. 26, 2004, about 230,000 people were killed in a dozen countries around the Indian Ocean when a magnitude 9.0 earthquake triggered a tsunami.

In the Japan quake, there were no immediate reports of serious damages or injury, although a boy was reportedly hurt when a TV fell on his leg and three elderly people were hurt slightly when they were hit by falling objects or slipped and fell.

Japan's Meteorological Agency also issued a tsunami warning from the Japanese temblor early Tuesday, which centered off the Suruga Bay, southwest of Tokyo. The warning was also later lifted. The quake occurred at a depth of 12 miles (20 kilometers). Public broadcaster NHK said a small increase of waves of some 10 inches (30 centimeters) was observed along the coastline of Yaizu City.

Central Japan Railway Co. has suspended operations of Shinkansen bullet trains, while the central government set up a task force at the prime minister's office, Kyodo reported.

The quake rattled furniture and walls, and broke show windows and ceramic roof tiles on older homes. But there have been no immediate reports of serious damages or casualties.

Local trains and two reactors at the Hamaoka nuclear power plant were temporarily halted for safety checks. No damage was reported, however. Reactors are automatically shut down whenever a quake of a certain strength is registered.

NHK said a 5-year-old boy suffered a leg injury when he was hit by a falling TV set and small landslides were reported in the town of Nishi Izu, but there were no injuries, said town official Mieko Hayama.

Japan has recently been hit by heavy typhoon rains, and officials warned residents in mountainous areas to be cautious because the ground may be loose and landslides may be generated by the quake or aftershocks.

NHK also reported that two older people were hit by falling objects, and another tripped and fell and was slightly injured.

Kinichi Tashiro, an emergency official at the Yaizu city fire station, said officials were currently touring the coastal areas in the city to monitor the situation, but he has not received any reports of damage.

"I was in the bathroom just as the quake hit. It shook rather violently," Tashiro said in a televised interview with NHK. Tashiro said there was no damage to his home and observed no major problem in the neighborhood as he rushed to the office.

A magnitude 6.9 quake rattled the region Sunday, but caused no damage or casualties. The U.S. Geological Survey measured it at magnitude 7.1.

Japan is one of the world's most earthquake-prone countries, and experts believe Tokyo has a 90 percent chance of being hit by a major quake over the next 50 years.

In 1995, a magnitude-7.2 quake in the western port city of Kobe killed 6,400 people.

___

AP writers Grant Peck in Bangkok, Anthony Deutsch in Jakarta and Tim Sullivan in Delhi contributed to this report.

By MARI YAMAGUCHI, Associated Press Write

http://news.yahoo.com/s/ap/20090810/ap_on_re_as/as_japan_earthquake