Asian wealth moves global property prices

Asian money today accounts for a far greater proportion of capital in global property markets than a decade ago and the flow does not appear to be abating, particularly into prime assets in tier-one cities.

Moreover, while corporate and institutional investors account for most of the larger real estate deals globally, ultra-wealthy Asians are increasingly making their presence felt, typically through privately owned investment firms or family offices.

Thanks to more nimble decision-making and a greater access to cash, private clients are starting to win bids on large-scale trophy, $1 billion-plus deals, Alistair Meadows, director of the international capital group for Asia Pacific at real estate services...