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Top Asia manager bullish on Chinese property outlook

Posted on 04 July 2012

It is time to buy into China’s property market, Kenny Tjan, CIO of Asia-Pacific portfolios at the Australian boutique MIR said after having sold out of Chinese equities in the past year. In an interview with Citywire Global, the Singapore-based manager said property companies are trading on attractive discounts of 40-60%.
‘Property developers at the moment are so bearish but we are currently really overweight on property in China,’ Tjan said. ‘We would buy even more over the summer as we do not want to be led by the macro fears.’……………………………………….Full Article: Source


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