India, China and Vietnam are the top real estate growth markets in Asia according to a survey commissioned by Australian law firm Allens Arthur Robinson and financial services provider Trust Company.
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Retail, commercial and industrial property will be key areas of growth, although all three markets have shown signs of slowing over the past year, the survey showed. The hotel and hospital sectors are also expected to expand, as are industrial and infrastructure property markets.
Residential property showed the least signs of growth. Low yields, poor regulatory processes, the effects of financial engineering and adverse taxation developments are blamed for hindering the development of this sector throughout the region.
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