Real estate as an asset class has been at the heart of the current market turmoil in Western economies, notably in sub-prime and commercial mortgage-backed securities. Governments and the industry are working to put the sector and its financing back on more solid footing. The process has resulted in opportunities and issues in a number of markets beyond those immediately affected by the downturn. At the same time, the Asian real estate market has continued to grow and diversify.
In this article, leading Paul Hastings real estate lawyers give their perspectives on the global and local Asian real estate markets.