The following links suggest property sentiment has (and remains) strong, but that issues which plague our (Sydney and Melbourne) residential market currently have also been impacting this high-density financial centre.
Since IPP ceded dominance to propertyguru.com.sg in Singapore, it is quite reassuring that REA is collaborating (squarefoot.com.hk transaction). Having attended the REA AGM a fortnight ago, it is apparent that the board supports IPP's expansion into Asia despite one question being raised about an unsuccessful UK venture in 2008. Regardless, it is a theme which is being played out globally (New Corp's Move vs Zillow-Trulia).
(Last week's bounce coincided with Morgan Stanley commencing research.)
Is there any way to communicate via private messages on this forum?
IPP Price at posting:
$2.52 Sentiment: None Disclosure: Unspecified
