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Experts: Subprime Woes in Asia Are Minor

HONG KONG-A cutback in bidders in certain markets has no impact on time to close, says industry pros working the Asian markets.

By John Salustri | Updated on November 27, 2007

(Read more on the debt and equity markets.)

HONG KONG-The subprime meltdown is having its evil way with the Asian markets as well, but the impact is minimal and causes no real reason for furrowed brows. That is the upshot of a briefing held by CB Richard Ellis on the eve of Mipim Asia, being held here.

“In 1997 or ’98 the financial markets were not as resilient,” stated Asia Pacific chairman and CEO Rob Blain. Today, the markets are “much more structured.” With that as preamble, Blain and Greater China president and CEO Chris Brooke broke the Asian markets down into three segments: India, Japan and China, reporting essentially good news in all three.

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