15.10.2008 - South-East Asia heads for property slowdown but no bust
From Monstersandcritics.com: Having lived and learned from the 1997 crisis, South-East Asia's property markets have so far proved resilient to the US subprime crisis and knock-on financial meltdown but they are far from immune to the global mess. 'No one can get off scot free from what's happening because global liquidity has been reduced and also the feel-good factor has gone,' said David Simister, chairman of real estate company CB Richard Ellis Thailand. Sponsored Links: 'It will certainly create a slowdown and a market where for the next 18 months it's a bad time to be selling something but I don't see a situation where there will be a big slide in prices here,' he added. .... Full Article: Source
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