Family offices hunt for cut-price real estate deals across Asia

Family offices and ultra-high net worth investors have stepped up their real estate buying as institutional investors retreat from APAC’s troubled market in the face of high interest rates and falling capital values. “We have been an active advocate to increase allocation to real estate particularly in this cycle where valuations look attractive," said Joe Kwan, managing partner, at Raffles Family Office in Singapore. Joe Kwan Raffles Family Office "The current real es…