There may be worrying developments in some property markets, but the world’s biggest sovereign wealth fund said it had no intention of pulling back from real estate.
A gap is opening between what stock-pickers think real estate is worth and what assets could be worth in the physical market, a potential sign that a correction could be looming. For example, the largest real estate investment trust in the UK, Land Securities, now trades at a 36 per cent discount to net asset value.
“It…
Source : South China Morning Post
Read more…There are worries in some property markets, but it is not time pull out yet, investor says















