London's loss is Asia's gain as property funds seek safe havens

London

LONDON may have just shed its safe-haven property market tag with the UK's vote to break away from the European Union. That's good news for real estate markets in Asia that offer stability.

Singapore, Hong Kong and Australia, which face headwinds including oversupply and high prices, may see money flowing into property as investors flee to safer assets as volatility picks up, according to global commercial real estate services firm CBRE Group Inc.

"Capital will look for safe havens, countries that offer stability," Henry Chin, head of research for Asia-Pacific at CBRE, said in an interview in Singapore. "Mature, de…