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Why Asia’s rich are buying up real estate

Posted on 04 July 2012

Why are they turning to real estate? Essentially, it’s a way for Asia’s elite to protect their wealth as uncertainty continues to grip the market and a slowdown in China looms larger. Like Dunlop says, “As a popular saying goes, ‘property may get sick but it never dies.”
And Asia-Pacific Chief Investment Strategist of Citi Private Bank, John Woods, adds that investors in Asia are practicing “caution, caution towards the global environment [and] caution towards a China slowdown.”……………………………………….Full Article: Source


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