Corporate foreign exchange news

China growth will push up demand for Asian property

Wednesday, 12 August 2009 09:29:18 GMT

China's world-leading growth will help to boost demand in the Asian property market, Nubricks.com has claimed.
According to the online property consultancy service's marketing director Chintan Mahida, Asia has established itself as the strongest growth region in the world, with China's performance supported by rallying equities in countries such as Japan.
"Obviously, in line with industry growth you get demand for property, so they are needing to build more properties in response to that demand," she said, adding that Malaysia and Singapore are likely to prove particularly popular for foreign property investors because they already have a well established global tourism base.
She said that investment in China would be "a bit riskier" but potentially highly rewarding for those that have local knowledge of the country.
According to official statistics released this week, house prices in 70 major Chinese cities increased by one per cent over the course of July.ADNFCR-2522-ID-19308219-ADNFCR
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