He believes it is anything but that. “It’s interesting because it’s actually very challenging. In my view, the right answer is that you need to tweak your business models to handle the future because I don’t think it’s business as usual.”
Faced with rapid interest rate hikes and weak markets, Mapletree Investments group CEO Hiew Yoon Khong reminds his team to ‘never assume business as usual’
Mapletree Investments group CEO Hiew Yoon Khong wonders why some of his peers in real estate, presumably content to fall back on long-term capital appreciation of their assets, believe the current market environment to be “business as usual”.
