Southeast Asia’s rich buy sky garages while the middle class lose their homes

Daniel Ho’s clients want the best money can buy: branded residences and glass-wrapped penthouses complete with panoramic views and high-rise parking spots fit for supercars in the elite enclaves of Bangkok, Jakarta, Kuala Lumpur and Manila. A world away, or so it seems, mid-level asset manager Charoen Kijvekin sees a very different reality playing out. His clients are debt-stricken Thais trying to claw back repossessed homes from auction and families on the bottom rung of the property ladder...