“We expect there to be more varied market conditions in 2012 than many people can remember within the Asia-Pacific region,” Alastair Hughes, Asia-Pacific chief executive, told Reuters in an interview on Thursday. “We could have Beijing office rents rising by 15% and Hong Kong offices rents falling by 15%. That’s very unusual.”
The company, which has 22,000 employees in Asia, also expects to gobble up more property brokerages in the region as it targets work with domestic players in those markets, digging deeper than its traditional customer base of multinational companies and global property investors.
Source: Reuters Release