According to Matt Nacard, Property Research Head at Macquarie Securities’ Asia, now is the perfect time to generate profit on property investments, particularly across Asia, where governments are finding measures to pacify the current situation in the market.
“Basically, it doesn’t get much better than this. When you look at the quantity of money and also 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," said Nacard on CNBC Asia Squawk Box.
Nacard added that from a developer’s standpoint, they prefer Hong Kong. “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."
He explained that although the Hong Kong market is driven by Chinese liquidity, the United States is driving its low interest rates.
According to Nacard, he also likes the real estate market in India, describing the market as "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," he added.