(March 4): The conflict in the Middle East sent a chill through one of Singapore’s marquee real estate conferences even before the event started. “Clients are very scared,” said Hamish MacDonald, the head of Asia-Pacific real estate at BlackRock Inc. “Nothing is locked in on the capital raising or deal front.”Canadian pension fund La Caisse was starting to look at Middle East real estate but it is now likely to “pause and see what happens,” said Josephine Yip, the firm’s managing director for Asia-Pacific real estate, during a panel on Wednesday. A Bloomberg gauge of Asian developed market real estate stocks was down around 4%. On top of the real estate crisis, “people don’t want to invest in China because of a strategic discount,” said Francois Trausch, the CEO of PIMCO Prime Real Estate, pointing to the continuing geopolitical tensions.

Source: The Edge Markets March 04, 2026 08:44 UTC