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Private banks “reactionary” to UHNWI real estate allocation of 38%

Despite more than a third of ultra high net worth portfolios focused on real estate, private banks are yet to capitalise on such appetite, says the Greater China CEO of Knight Frank. He also sees the number of Hong Kong real estate investment trusts (REITs) rising by more than 30% in 2016. “Private banks tend to be reactionary, attending to clients…

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