Weekly Industry News

JLL: The beginning of a NEW PROPERTY CYCLE

Weekly Industry News

It is no secret that the real estate market has been deeply affected due to the Covid-19 pandemic. In Asia Pacific, JLL foresees a new cycle appearing as a result of the hampering from the Covid-19 pandemic.

With optimistic news on the distribution of the Covid-19 vaccine, the real estate market is expected to rebound and see investments trending upwards.

According to the real estate consultancyfirm’s report “Beyond the Rebound: The New Asia Pacific Real Estate Cycle”, which was released in Dec 2020, one of the defining themes of the region is the expected rise by 15% to 20% in real estate investment volume.

Cross-border transactions will also undergo a mild recovery as intra-Asia Pacific borders open to allow transnational investments to resume.

Media Title: EdgeProp.my

Date: 08 Jan 2021

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