| From Asiaone.com: Demand for residential property is seen picking up in key Asian cities but economic recession will continue to depress the region's office markets, pushing Grade A rents in Singapore and Tokyo down nearly 40 percent in the next 18 months, a Reuters poll shows.
"The office market is driven more by headcount and employment issues," said Aaron Fischer, head of property research at CLSA. "On the residential side, liquidity in the market place is affecting property, in Hong Kong and Singapore, particularly at a time when interest rates are low.".......Full Article: Source
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