Asia property funds may hit US$200b in 3 years

Posted on | December 9, 2009

By REUTERS


HONG KONG :Asia’s property fund size will expand by more than 50 per cent in the next two to three years to US$200 billion, driven by demand from institutional investors industry executives said yesterday.

Pension funds, sovereign wealth funds and affluent individuals would likely boost their portfolios for real estate funds in coming years after appetites waned during the sharp economic downturn earlier this year, executives said.

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