Summit Notebook

Exclusive outtakes from industry leaders

Audio – Asia is no flash in pan

April 12, 2007

0412_2tc9314.jpgFerrell Asset Management Managing Director David Lee said rising asset prices in Asia was less of a bubble and more of a reflection of rising wealth in the region. Lee, who manages $500 million in assets, said rising incomes in India and China was spilling over to the rest of the region, resulting in demand for luxury homes in cities such as Singapore and Hong Kong. Lee is launching a 500 million euro property fund for Middle Eastern and European investors hoping to cash in on the resurgent markets in Singapore.

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