Franklin Templeton Investments, one of the world’s largest asset management groups, is to focus its Asia real estate investments on the China and Hong Kong residential sectors, optimistic the region’s long-term housing demand will remain strong, despite the slowing economy.
Wilson Magee, director of Franklin’s global real estate and infrastructure securities, described China’s residential sector as on a rising tide.
“We are interested in well-capitalised, sound…
Source : South China Morning Post
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