Tags: trump | asia | asset | volatility

Trump: I'm Turning Economic Volatility Into an Asset

Wednesday, 28 Sep 2011 07:58 AM

Volatility and uncertainty somewhere often means opportunity elsewhere.

It does for real estate mogul Donald Trump, who says Asia is ripe for investment — you just have to look for it.

"There is volatility all over the world, whether it's the United States or Asia. Asia could be a place that goes bad, but it could also be a place that gets much better. Nobody really knows what's going to happen," Trump tells CNBC, adding he's "trying to turn it into an asset."

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Donald Trump
(Getty Images photo)
"Asia’s been the thing," Trump said. "We'll have a lot of other jobs to be announced over the next few years."

New York, meanwhile, is still home to a strong real estate market.

Washington, D.C. is too, but only because "Obama has built a government that is so big" the workers need houses.

Asian real estate markets, which have boomed over recent years, may be in for a slowdown, some experts caution.

Chinese property developers could face a severe liquidity squeeze over the next year, especially if sales fall by 30 percent, according to the Standard & Poor's ratings agency.

“The worst isn’t over for China’s real estate developers,” S&P analysts led by Frank Lu write in a report, according to Bloomberg.

“Developers are bracing themselves for slower sales and lower property prices ahead.”

China has been tightening access to credit to prevent its economy from overheating, and tighter credit conditions cool real estate projects, and can force developers to look for more expensive financing from abroad.

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Volatility and uncertainty somewhere often means opportunity elsewhere. It does for real estate mogul Donald Trump, who says Asia is ripe for investment you just have to look for it. There is volatility all over the world, whether it's the United States or Asia. Asia...
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Wednesday, 28 Sep 2011 07:58 AM
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