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Asia commercial real estate investment drops in 1st quarter

Posted on 09 May 2012

Commercial and industrial real estate investment in Asia tumbled 42% in the first quarter from the prior three-month period, signaling an across-the-board weakening, apart from Hong Kong where investment doubled, according to a report Tuesday by CBRE.
The transactions, involving offices, retail complexes and industrial facilities, totaled $11.6 billion for the quarter, CBRE said. The real estate services company said the Chinese Lunar New Year holiday dampened activity in the January to March period, while buoyant sales activity in the second half of last year was also a factor casting a softer tone on this year’s figures………………………………………..Full Article: Source

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