We like those who have development capabilities as they can add value.

BOC stock isn't jumping more as some investors may still want some clarification on antitrust issues, or maybe there are some dividend issues.

Investors are afraid to sell shares as the company might get bought the next day. Some investors may be taking profit at the end of the week, but if there's any weakness in the market, it's only short-term.

Pension funds and insurers have targets to double their allocation to real estate to 15 per cent. Still, so much capital being raised may be a sign of the end of a good market as some companies may overpay for properties.