Mr Ho Kwon Ping, executive chairman of Banyan Tree Holdings, was named Real Estate Personality of the Year at More than 30 awards were given out at the dinner and awards ceremony at Hotel Fort Canning last night to recognise excellence in architectural design and property development.
Commenting on the current economic turmoil gripping major Western economies, Mr Ho said countries displaying the sharpest downturns can potentially offer investors the best potential. "I think there are huge opportunities in Europe, in the United Kingdom and probably in the United States for real estate investment. I think the smart money is going in that direction towards tangible real estate assets that are going to be very good for a long time to come. They are currently underpriced."