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Asia Pacific Economic Pulse: How Does the Recession Compare?
Asia Pacific Economic Pulse: How Does the Recession Compare?
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For Asia, the best comparison is the 1997/1998 crisis when it took about two years for real estate returns to bounce back. The biggest problem is a lack of liquidity in the global financial system. However, Asian developers with deep pockets, private equity from the West and Middle East, pension funds and sovereign wealth funds are still interested in buying, with some on the lookout for distressed assets or a more fertile investment environment.
LISTEN to the Economic Pulse debrief by this report's author, Megan Walters, Chief Economist, Asia Pacific. -
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