Growing winds of recession threaten to blow away smaller Asian property developers
Growing winds of recession threaten to blow away smaller Asian property developers
- 2008
- Asia Property November 2008, 8-9(2) .
Explains that while the downturn in Asia's property markets may not be as severe as the last crash, falling rents and a continuing shortage of debt are likely to result in consolidation among developers. Highlights the fact that weaker demand has now hit China and that Asian central banks have added liquidity to their banking systems. Table shows Asia Pacific rents index 2002-2008.
Asia
Explains that while the downturn in Asia's property markets may not be as severe as the last crash, falling rents and a continuing shortage of debt are likely to result in consolidation among developers. Highlights the fact that weaker demand has now hit China and that Asian central banks have added liquidity to their banking systems. Table shows Asia Pacific rents index 2002-2008.
Asia