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