GO
Loading...

Take Profit on Asian Properties Now

CNBC.com
Monday, 19 Oct 2009 | 2:07 AM ET

This is the right time to take profit on property investments, said Matt Nacard, head of property research, Asia at Macquarie Securities, especially across Asia where governments are looking to cool things down.

Take Profit on Properties
It is time to take profit on Asian property investments, says Matthew Nacard, head of property research, Asia at Macquarie Securities. He shares his strategy, with CNBC's Lisa Oake and Karen Tso.

"Basically, it doesn't get much better than this. When you look at the quantity of money and also the the price of money pumped into the system, you're looking for pro property policies over the last 12 months. That will gradually change over the next 12 months or so. And clearly, it doesn't pay to buy the sector when news is very, very strong," Nacard said on CNBC's Asia Squawk Box.

We like Hong Kong from a developer perspective, Nacard added. "If you look at where developers are at the moment relative to where they hit in 2007, there's still a big gap there. And Hong Kong also has a bit of a hedge as well."

Chinese liquidity is driving the Hong Kong market but it's also got low interest rates driven by the U.S., he explained.

Nacard also likes India's real estate market as it is a "very, very early cyclical play".

"We haven't seen NAVs upgraded there like we have around the rest of the region, so India I think, looks particularly interesting also."

Featured

Contact Asia News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More

Asia Video