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Commercial real estate sales in Asia-Pacific down 39 pct

Posted on 14 September 2011

Commercial real estate sales in the Asia Pacific region totalled 9 billion dollars in the second quarter of 2011, a 39-per-cent drop compared with the previous three months, a company said.
‘The current lull witnessed in Asia is primarily the result of short-term weaker market sentiment and increased caution among investors,’ said Nick Axford, head of Asia-Pacific research for international real estate company CB Richard Ellis Group Inc (CBRE)……………………………………….Full Article: Source


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