Global real estate investors are looking to tap on to growing opportunities in Asian markets. Experts speaking at an industry event, Cityscape Asia 2009, in Singapore on Tuesday said China currently offers the most potential. This is due to a number of good valuations available in the market, and the economy's positive growth outlook. China's industrial property sector has been hit hard by the global...
Asia Property Investment
Citigroup fired most employees at its real estate investment banking team in Asia after slumping property prices stifled share sales and acquisitions in the industry, three people familiar with the matter told Bloomberg News. The New York-based bank dismissed at least five people two weeks ago, the people said, declining to be identified because they aren't authorised to discuss the matter publicly....
The global real estate capital market grew last year to hit US$12 trillion, but the subprime crisis has thrown a spanner in the works. Investors are finding it tough, with liquidity drying up, yields compressing, and valuations in the US and UK dipping. However, some analysts said that opportunities do remain and may even grow, as markets approach fair value. They noted that demographics in emerging...