Singapore Property Is Closer to the Bottom Than Hong Kong, LaSalle Says

  • LaSalle has been stepping back from Hong Kong property
  • Manager sees opportunities investing in China, Japan logistics

Private residential housing stands in the Serangoon Gardens Estate, foreground, in Singapore, on Thursday, June 25, 2015. Singapore's home prices dropped for a seventh consecutive quarter, the longest losing streak in 13 years, as tighter mortgage curbs cooled demand in Asia's second-most expensive housing market.

Photographer: Darren Soh/Bloomberg

Singapore’s property market may be closer to a bottom than Hong Kong, according to LaSalle Investment Management, which oversees more than $58 billion in real estate funds.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.