04.10.2012 - Asia's ultra-wealthy invest in real estate
Out of the total amount of real estate investments put in by Asian investors last year, nearly a third or US$70 billion were from the ultra-wealthy. According to a report from Singapore-based consultancy firm Wealth-X, 250 billion out of US$1.9 trillion of the ultra-wealthy Asians' net worth were from real estate. "There are so many ultra-high net worth individuals globally, 187,000 in total, 43,000 in Asia alone," said Mykolas Rambus, the CEO of Wealth-X...............................................Full Article: Source
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