Asia-Pacific real estate still has gas in the tank: LaSalle
There are several spots where opportunistic property funds can pick up good buys, says Andrew Heithersay of LaSalle Investment Management, which has just acquired an Australian real-estate funds business.
Asia has been blessed with a property bull run in the past few years, thanks in part to liquidity from financial markets and government stimulus in Asia and elsewhere, but some investors recommend being fairly selective these days.
“In China, we’re focused on partnering with top-tier residential developers for mid-market projects in selected second-tier cities that demonstrate lower volatility through a strong owner-occupier base and sustainable affordability levels,” says Andrew …
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