Briefing - Asia Real Estate - July 5, 2007

An executive briefing on real estate for July 5, 2007, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

NEW CLARK ZONE OUTSOURCING FACILITIES AVAILABLE BY END-JULY

MANILA - A key Clark Special Economic Zone (CSEZ) developer announced that approximately 3,000 square metres of office space suitable for an outsourcing operation will be available for occupancy by the end of July.

Berthaphil, Inc. representative Peter Herman said the new building is part of an IT office park the company is building on the former U.S. base. AUSTRALIAN ARM OF BRIDGECORP GRP IN VOLUNTARY ADMINISTRATION

SYDNEY - The Australian arm of ailing property investor Bridgecorp Group has been placed into voluntary administration.

PricewaterhouseCoopers said today it had appointed voluntary administrators to nine companies in the Australian arm of the trans-Tasman organisation. CHINA'S REAL ESTATE PRICES TO KEEP RISING: ECONOMIST

BEIJING - China's real estate prices are expected to keep rising till the end of 2007, said Xie Guozhong, a wellknown economist and director of the economic forecast department of the State Information Center.

Xie attributed the price rebound to downturn of stock market and low interest-rate banking savings deposits. TREASURY PAPERS FUEL HOUSING DEBATE IN AUSTRALIA

CANBERRA - While the federal government and opposition continue to argue how the housing affordability crisis should be handled, the Reserve Bank of Australia (RBA) provided the best interim measure for potential and current homebuyers - leaving interest rates unchanged.

The RBA's decision following yesterday's board meeting came as no surprise, but financial markets are still factoring in a rate rise before the end of the year to combat anticipated price pressures next year, a move that will potentially fuel the current housing crisis.

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