<Contents>

• News Flash
  - Recent News & Issues of the Real Estate Market
• Commentary
  - Seoul Office Leasing & Transaction Market
• Talking Heads
  - The Leader of Premier Lifestyle in Korea, Noblesse
• Expert View
  - Western European Overall Economy in Q1 2009
• Company Spotlight
  - Parsons Brinckerhoff
• Project Monitor
  - An Evolutionary New Mall Concept, Noon Square
• Market Focus
  - Asia Pacific Investment Monthly
• Market Analysis
  - Seoul Prime and Grade A Office Update
• Company Check
  - H&M Launches Operations in Japan

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