If you’ve been following the news, you would probably be aware that the property market in Australia is heating up as foreign buyers are entering the country. As a matter of fact, Starhill Global REIT has three assets in Australia. Two of them are located in Perth — David Jones Building and Plaza Arcade and the newly acquired property, Myer Centre, located in Adelaide. At its most recent AGM in October 2015, Starhill Global pointed out that the trust is looking at further opportunities in the Australian market.
A shareholder expressed his concern when questions were open to the floor: “People say the Australian property market will come down and if you go in now, you are going in at the peak. I’m sure that this is not the time to invest.”
But Starhill Global CEO Ho Sing begged to differ. He thinks that the falling Australian dollar against ......