Interviews with Leading Real Estate Investors in Asia
By Ram Garikipati
Copyright 2012 by Ram Garikipati
About the Author
Ram Garikipati is a seasoned business journalist, with close to 17 years of ground experience in India and South Korea. Armed with an M.Phil in Applied Economics, he joined The Hindu Business Line, a leading English–language Indian business daily, in June 1995. He covered finance, infrastructure, IT & Telecom for the newspaper and was also a fortnightly columnist. In April 2004, he relocated to Seoul, South Korea as a business correspondent of The Korea Herald covering the operations of international companies in the country, and a year later, joined The European Union Chamber of Commerce in Korea as the Chief Editor of their monthly business magazines – Infomag and Infomag Real Estate. He also headed the corporate communications department of the Chamber till September 2012.
Ever since the 1997 Asian financial crisis, property markets have greatly developed through the years. Asian governments have improved the financial stance associated with the structure of housing finance, allowing more access to a diverse range of mortgages products.
Housing in Asia has an important role in economic growth. In the early 1990s large urbanization in Hong Kong, Singapore, Thailand, Philippines and other Southeast Asia countries brought about a large housing price appreciation. Asia attracted global economic interest up until the economic crash of 1997. A decade later, the Asian economy has been stabilized, and has allowed the property market to advance. As a result, foreign investment is continuing to grow. The market is currently experiencing a 50% increase in the amount being invested into Asian countries globally. Although some countries in Asia may not be stable enough for international investment, the majority of the markets are expected to boom.