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Azerbaijan plans to acquire Asian properties

By Romesh Navaratnarajah: Due to the growing investment appeal of properties across the Asia Pacific region, the State Oil Fund of Azerbaijan (SOFAZ) is studying the real estate markets of Singapore, Malaysia, Indonesia and Australia, according to media reports.

"If it is appropriate, in the future it may purchase real estate in one of the countries, as has been done in the UK, France and Russia," the fund said.

Based on its investment strategy, five percent of the investment portfolio may be invested in gold, five percent in shares and another five percent in real estate. Romesh Navaratnarajah, Senior Editor of PropertyGuru, wrote this story. To contact him about this or other stories email romesh@allproperty.com.sg Related Stories: KSH sees earnings boost

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