Asia’s Investors Are at Risk From Slide in London Property Prices
- HKMA, Wanda among region’s buyers with projects in the city
- Fosun, City Developments say it may be a good time to buy
Asia's Large Stake in London Real Estate
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From Hong Kong’s central bank to China’s largest property developer, Asian investors have a lot riding on London’s real estate market.
Britain’s decision to leave the European Union has clouded the outlook for property, prompting asset managers to freeze withdrawals from real estate funds as investors rushed to redeem their money. Commercial property values could fall about 10 percent over the next year, led by declines in oversupplied central London, BlackRock Inc. said after the vote.