So is China for most part of the world, and now opening towards South Asian Markets. Singapore Draw“The Chinese are attracted by lower prices and the proximity to Singapore,” said Alice Tan, Singapore-based head of consultancy and research at real-estate brokers Knight Frank LLP. Analysts have pointed out that though China cannot influence the region directly by political means, it has begun employing its economic lever. “It has enhanced its investment in Nepal aiming to reduce Indian influence and migrated to Sri Lanka. Its investments in Myanmar and base in Coco Islands are designed to counter Indian domination in the Indian Ocean.

Source: The Nation February 17, 2017 20:37 UTC