Great time to buy Asian property stocks, Macquarie says

11/6/2008 |

Listed Asian property stocks are trading at such spectacular discounts that the time has come to start buying them, Macquarie Securities Group said. Companies are trading at an average of 45% less than Macquarie's estimate of their net asset values. The firm prefers developers and real estate investment trusts in Hong Kong and REITs in Singapore.

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