The top six fastest growing real estate companies mirrored the state of development around the world. As the U.S. and Europe languish, recovering from a glut of pre-recession overdevelopment, Asia, India and the Middle East have seen a construction boom. But many of the fastest growing companies weren't builders of the vast skyscrapers that define the new skylines. Rather, they focused on luxury residential properties for the growing class of affluent homebuyers. The question remains if these regions can sustain such rapid growth, or if they will also fall victim to the same bust that hit the West. Perhaps tellingly, the developers of the Far East weren't in mainland China -- where housing prices have slipped of late -- but were instead based in Taiwan and Singapore.

Founded in 2005, India's Rodium develops and manages properties and engages in architecture and design. Its completed projects include Xcube and Xtrium, mixed-use commercial buildings.

Rodium saw three-year annual compound growth of 158.5 percent, with 2011 LTM revenue jumping to 329 million Indian rupees, up from 19 million in 2008. In its most recent filings, it reduced income tax expenses from 71.95 percent of sales to 7.08 percent.

Shares of the company are trading at 173 Indian rupees.

The Indian developer, founded in 1999, has around 40 commercial and residential projects. It is active in the Navi Mumbai, a planned satellite city in the state of Maharashtra, and is a member of the Builders Association in the area. The developer states on its Web site that it seeks to build for all income levels.

Arihant's three-year compound annual growth rate (CAGR) was 158.2 percent, making it the ninth-fastest growing company on the IBTimes 1000 list and the third-fastest growing company in India. Its12-month (LTM) revenue in 2011 was 1.29 billion Indian rupees, up from $74.92 million Indian rupees in 2008.

Shares of the company are trading around 47 Indian rupees per share.

Taiwan-based Sakura's two major 2011 projects were residential complexes at "Green River," and "Sakura Qingchuan shore," a waterfront property in the Sichuan region. In marketing materials, it emphasizes the natural surroundings of the properties, although they are also within dense urban regions.

The approach seems to have paid off: the company had three-year compound annual growth of 122.7 percent, making it the second-fastest growing company in Taiwan. Its 2011 revenue was 1.55 billion Taiwanese dollars, up from 141 million Taiwanese dollars in 2008.

In October, it issued cash dividends of 1.17 Taiwanese dollars per share and stock dividends of 0.13 Taiwanese dollars per share. Shares of the company are trading around 18.60 Taiwanese dollars per share.

Mumbai-based Garnet International Limited, previously called Gsolt Entertainment, deals in shares and securities in construction and real estate projects. In 2010, it invested Sukartik Clothing Pvt. Ltd.

It had 106.3 percent three-year annual compound growth, making it the sixth-fastest growing company in India. LTV revenue in 2011 was 304 million Indian rupees, up from 34 million Indian rupees in 2008. In the last year, it was able to reduce the number of sales devoted to income tax expenses from 1.49% to 0.52%, according to Bloomberg, which boosted its growth.

Shares of the company are trading around 93 Indian rupees.

Ho Wang Construction Co., Ltd specializes in subcontract work, as well as leasing and selling commercial and residential buildings. It is based in Taipei, Taiwan, home of Taipei 101, one of the world's tallest buildings. The company was founded in 1987.

Ho Wang had 83 percent three-year compound annual growth, making it the fourth-fastest growing company in Taiwan. Its LTV revenue in 2011 was 2.61 billion Taiwanese dollars, up from 425.9 million in 2009. During that time, it reduced its sales expenses and tax expenses, according to Bloomberg.

Shares of the company are trading around 21.35 Taiwanese dollars.

Singapore-based Tee International Ltd. has both a mechanical and electrical engineering department, as well as a real estate section. It develops new and converted buildings for residential and industrial use. Other projects include facility management, water tank installation and rental services. The company had 360 employees as of September, according to Bloomberg.

The company had 68.6 percent three-year annual compound growth. Revenue rose to 253 million Singapore dollars in 2011 from 52.7 million Singapore dollars in 2008.

Shares of the company are trading at 0.25 Singapore dollars.