Property markets in Asia face "another year of pain"

05/19/2009 | Forbes

Property values in Asia, including Singapore, Hong Kong and Shanghai, have endured huge declines in values since 2008, and analysts and investors say the trend is set to continue. "It's going to be another year of pain," said Stuart Labrooy, CEO at Axis-REIT in Kuala Lumpur. "Asia is in for a fairly lean spell."

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