With generally improving market conditions and the Asia Pacific growth story largely intact, can investors still find distressed real estate assets in the region? Such opportunities do exist, but not nearly in the abundance that many foreign investors expected in the wake of the global financial crisis.
“In general, the Asian real estate markets are not distressed at a market level, as there is abundant liquidity in most sectors in most countries in the region,” says Richard Price, CEO – Asia Pacific of CBRE Global Investors. However, he says, in all markets in the region there are opportunities to take advantage of distress or stress caused by specific factors relating to certain projects, developers or owners. “The recent recovery in market pricing has not been felt by all,” Price notes.
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