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The “fake news” media won’t admit it…
But thanks to Trump…
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There’s an estimated $11.1 trillion at stake.
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According to Reuters’ Tessa Dunlop, “Real estate is viewed as a safe investment in many parts of Asia, despite worries about a property market crash.”
Why are they turning to real estate? Essentially, it’s a way for Asia’s elite to protect their wealth as uncertainty continues to grip the market and a slowdown in China looms larger. Like Dunlop says, “As a popular saying goes, ‘property may get sick but it never dies.’”
And Asia-Pacific Chief Investment Strategist of Citi Private Bank, John Woods, adds that investors in Asia are practicing “caution, caution towards the global environment [and] caution towards a China slowdown.”