The Power of Asian Investors on Global Real Estate Investment Markets

2010-06-09

On Wednesday June 9th the British Chamber of Commerce in Taipei in conjunction with the American Chamber Joint Real Estate Committee held a special luncheon inviting Richard Price, CEO, Asia, ING Real Estate Investment Management, to speak about the power of Asian Investors on global real estate markets.

Mr Price spoke about how Asia is not only emerging as a key source of economic growth but is also an increasingly significant source of global real estate investment capital. Asian investors have been investing in global property for decades, but the type of investor is undergoing a fundamental change and their willingness to secure investments in these dislocated markets at this time is further evidence of the almost inexorable rise of Asia's global economic power. Mr Price highlighted three main points;
• The Asian economy is performing well and its real estate markets are sound
• The US/global economy is not yet out of the woods
• The weight of Asian institutional capital is growing and allocations to real estate are increasing

Mr. Richard Price is Chief Executive Officer for ING Real Estate’s Asian investment management business based in Hong Kong where he has overall responsibility for the firm’s business activities in the region. He chairs the regional Management Board and Investment Committee and leads a team of more than 100 people in six offices across the region. He is also a member of the ING Real Estate Investment Management Global Management Board. Mr. Price joined ING in 1996 and was appointed to his current role in July 2008 having spent the previous 4 years as a Managing Director of ING Clarion, based in New York. Mr. Price has more than 16 years of commercial real estate experience in Asia, Europe and the United States.

Follow this link to access a copy of Mr. Richard Price's presentation.