Bangkok Post
24 May 2008
The sub-prime crisis may have affected Asian property markets, but interest in the sector is likely to grow. The Government of Singapore Investment Corp's (GIC) real estate arm is also confident about investment opportunities going forward.
"There is plenty to go around - we will all have fun competing," GIC Real Estate president Seek Ngee Huat said at a property conference this week.
Judging by the pace at which real estate projects are emerging in Asian cities, Dr Seek said he believed there would be a continuous supply to meet different risk-return appetites.
Dr Seek acknowledged that the US sub-prime crisis has weakened Asian markets, particularly Japan and Australia.
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