Asia’s growth prospects have been largely based on the resumption of global demand. The key downside risk remains the rate of inoculation vis-à-vis sporadic infection waves. Occupier markets are adjusting and taking stock of the carnage. Cap rates will likely remain low, at least in the near-term, even as investment volumes look lackluster. Emerging asset classes in APAC such as healthcare and multifamily are garnering institutional attention.
Real Estate Outlook – APAC, Edition 2 – 2021