Asian markets remain resilient

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27 May 2009

Markets in South East Asia are well placed to withstand the global financial downturn, according to a recent report. Countries such as Vietnam and Malaysia have so far managed to remain resilient with experts being confident in their long term prospects.

The ‘Focus On’ report, third to be published in a series by Cityscape Intelligence, contains exclusive foreign direct investment data from fDi Markets from the Financial Times as well as interviews with leading investors.

Speaking to Cityscape Intelligence, Richard Hoo, Acting Group Director, Urban Redevelopment Authority, Singapore said: “The longer-term outlook for Asia remains bright, as Asian countries are generally in a financially strong position. The sizeable and growing population in Asia also ensures that there is continued potential for strong growth.”

Stewart LaBrooy, CEO/Executive Director of Axis REIT Managers said: “I think it is going to be business as usual here in Asia. Opportunities will arise and we see possible asset purchases coming up in the next 12 months”.

He said: “Raising capital here is not an issue. There are even opportunities to buy in Singapore, for instance where asset values have fallen sharply and are definitely a lot more attractive now compared to 12 months ago. These values will bounce back with a sustained recovery which is targeted in Q4 2009.”