The funds of Asian property sector have mounted extraordinarily to over $10billion as they anticipate investing this at a time when the prices of property undergo further downfall. Nevertheless others are prepared for what experts refer to as the "a race against time - we do have a clear timetable to spend this and can only hope the market will bottom out before our deadline, which isn't obvious at this stage".

Where on one hand the recession began to engulf the strong pedestals of European and American economies on the other hand Asian companies kept on providing mortgage money sanguine about the fact that the ramifications of the global depression will not impose any adversities on them.

Merrill lynch was able to accumulate up to $2.6billion in the previous month for the Asian property sector whereas Morgan Stanley which has been an active investor in the realty sector of Japan is accumulating billions of dollars to acquire sanctuary from the critical situation that will soon engulf the Asian property market.

According to Gorgon Marsden who is the senior associate director of DTZ said that over $10billion out of $16billion has been gathered over the last two to three years by the companies has not been used up. "When the tables do turn, they will turn very quickly given this amount of money," Mr Marsden said.

"If they [the funds] don't spend it, they will lose it." Nonetheless many economic experts unanimously agree that Asian markets are only in the embryonic phase of encountering the implications of the downturn with the property market of countries like Hong Kong, Singapore and Japan beginning to feel the heat of the hot water. In addition La Salle investment also possesses an equity capital of over $3billion out of the $10billion investment which the company has made in the property segment of Asia.

"It's a very good time to have capital, when market conditions are so tough, and we're comfortable sitting tight," said David Edwards, LaSalle's regional director.

"We're at the early stage of a correction, and that is not a compelling scenario to invest." Even though La Salle has three years to exhaust its accumulated capital but on intra sector basis time limits vary from fund to fund.