Valuation company Propell has predicted that apartment prices will increase at the same rate as they did in last 5 years.
The policy shift is to align the bank's business with the efforts of corporate world to usher in a low carbon economy.
Australia sees the newly closed Trans Pacific Partnership deal as the first step to attaining broader trade deal.
The company’s CEO said the takeover recognises the potential of UXC and is a testament of its strong business.
Within the region, larger nations such as the Philippines and Vietnam are expected to do better.
Post-acquisition, Grom will continue to remain independent and will be run by its founders.
The U.S. hotel group entered the Greater China region in 1998 with the Howard Johnson brand and made rapid growth.
Capital markets union is expected to make the financial system more stable while reducing the burden of banks on business lending.
Some other retail majors are also making a similar move.
An asian investment banker has criticised the Australian government for doing nothing to contain the housing risk, citing financial constraints.