LaSalle braves swine flu with Mexico fund Could fears about swine flu dictate where you buy property? No, says LaSalle Investment Management. Right or wrong, adds Ah Pak, for some it is too late to worry. The fund management firm announced on Monday the final closing of its LaSalle Mexico Fund, the first fund from LaSalle to invest in Mexican real estate. The formation of the fund overlapped in the last days of its sale with news that Mexico was the focus of a new world scare because of the outbreak of swine flu. Analysts expected that property values and property investment in Mexico would drop in the short to medium term. LaSalle said that as of Monday nearly US$$104 million had already been drawn down from the US$300 million fund for investment. It did not go into details, but Ah Pak guesses most investments were probably made prior to the flu outbreak. But then on the bright side, it still had two-thirds of its funds to hunt for bargain properties in the country. Lauw in buying mood Lauw Siang Liong, the chairman of Indonesian fund De Monsa, is back on the buying trail, with the Chinese-language media reporting that he intends to spend more than HK$60 million on 12 units at Asia Standard International's residential project in Aberdeen. Not so long ago, Mr Lauw claimed he was suffering from brain damage as a defence against a lawsuit filed by Fortune Asset Management over De Monsa's failure to complete a HK$211 million purchase of office space. Mr Lauw, 84, said he suffered a fall that damaged his brain and set off his buying spree of 56 deals. Ah Pak wonders if the proposed deal with Asia Standard means his illness is worsening or getting better. yuan 1 night in Shanghai What is the purchasing value of one currency unit in our slowing economies? Well, in Hong Kong, your HK$1 will buy a dish of chicken in a Chinese restaurant. But in Shanghai, you can buy a night's stay in a hotel with one yuan (HK$1.14). The deal comes from Jiading International Building in the western part of Shanghai, although Ah Pak suggests those wanting to take it up may want to check the fine print.