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Property markets in India, Vietnam and Philippines expected to grow exponentially

Concerns over the health of the global economy, workforce strategies and rising cost and speed of business are heavily influencing real estate decision-making for major corporations, according to a new survey by CBRE on global corporate real estate executives. According to Phil Rowland, managing director of Global Workplace Solution at CBRE Asia – Pacific, the current movements of the world's economy has begun to affect business situations, challenging property managers to modify long-term property strategy to suit their short-term business. Henry Chin, Head of Research at CBRE Asia – Pacific, said that even though the economy is gloomy, and growth rate of China has declined, causing negative effects on the regional and global markets, the Asia – Pacific region still provides many opportunities for multinational property companies in mid- and long-terms.