LaSalle on asia buying binge

Jack Chandler, Asia-Pacific chief executive officer of LaSalle Investment, said recent turmoil on global financial markets could slow some of the rapid price rises seen in the region by eliminating more speculative investors.

"I think Asian asset prices will be flat for a while and go down in some markets but I don't think we'll see the kind of corrections we saw in the UK or the U.S...In some ways, taking a little bit of liquidity out of the system is a very good thing for us as real estate buyers," Chandler told Reuters.

http://in.reuters.com/article/businessNews/idINIndia-28971820070814