ASIA HAS LONG been in love with property. After the early Chinese traders had made their first fortunes, they promptly made second ones buying property. From the wharves and go-downs of Hong Kong and Singapore to the shiny office towers and air-conditioned shopping malls that grace any major Asian city, local entrepreneurs have grown wealthy on the asset inflation gleaned from bricks and mortar.
If bankers and analysts are right, Asia now stands on the threshold of another property boom, this time courtesy of the capital markets.
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