Business @ AsiaOne

Don't buy, don't sell

Sit tight and wait for recession dust to settle, say financial and real estate experts in a survey. -ST

Sat, Dec 06, 2008
The Straits Times

By Elizabeth Wilmot

PROPERTY investors here might feel like cutting and running but the best advice is to sit tight and hold on, according to a PricewaterhouseCoopers (PwC) report.

The report, now in its third year, asked about 180 experts from across the region - in fields from real estate to banking and property development - for their strategies on whether to hold their investments, buy more or sell.

Mr Stephen Blank, senior resident fellow of finance at the research firm Urban Land Institute, a co-publisher of the report, described the mood: 'Interviewees say that we are in a wait-and-see mode, and everyone's sitting on the sidelines waiting for the dust to settle.'

 


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