Regional woes have had a limited impact on foreign investment in the Pudong New Area, Li Zhanjun, an official at the Pudong Reform and Development Institute, says. Mr Li said he based his conclusions on a detailed analysis of key Pudong projects financed by Japan, Korea and other Asian countries and regions affected by the financial crisis. In an interview with Xinhua, Mr Li admitted that construction of some real estate projects had been delayed due to a shortage of funds, and foreign investors were taking a more prudent attitude towards further investment. 'But this does not mean they will withdraw their funds,' Mr Li said, adding that such delays were somewhat conducive to reducing the oversupply in Pudong's real estate market. He said projects funded by Japan and Singapore were least affected, and most were either being completed or on schedule. For example, a residential building financed by Japan's Matsushita Electric Works and completed last September was 30 per cent occupied, he said. Despite suffering severe financial hardship at home, Korean companies were still pressing ahead with projects in Pudong. An official from Korea's Daewoo Group said some projects might have been delayed, but 'that doesn't mean they will be abandoned'. Investors from Hong Kong and Taiwan were continuing to bring in funds. The Hong Kong-funded Shangri-La Hotel was being given the finishing touches ahead of its expected opening in October. 'Projects with investment from Thailand have suffered the most,' Mr Li said. Some planned projects had no prospect of getting under way, while some ongoing ones were likely to be halted.