LaSalle dumps HK, Singapore real estate
High valuations in the two cities, combined with emerging market concerns, have prompted the real estate manager to focus on residential property in Australia and Korea and logistics projects in Japan.
Property markets in Hong Kong and Singapore are overpriced, argues Mark Gabbay, co-chief executive for Asia Pacific at LaSalle Investment Management, which is avoiding the two locations.
Sign In to Your Account
Access Exclusive AsianInvestor Content!
Please sign in to your subscription to unlock full access to our premium AI resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial—no registration fees required. Click the link to get started.
Note: This free trial is a one-time offer.
¬ Haymarket Media Limited. All rights reserved.