Recovery Showing in APAC Real Estate Markets

 Recovery Showing in APAC Real Estate Markets

Real estate transactions in Asia Pacific crossed $40 billion in the third quarter of 2021, up 12 percent year-on-year and roughly the same as in the third quarter of 2019.

Upbeat sentiment and the growing glut of undeployed capital are expected to provide a lifeline to the strong revival of Asia Pacific’s real estate markets next year, Urban Land Institute and PwC said in its 2022 «Emerging Trends in Real Estate Asia Pacific report,» published this week.

The deals pipeline in the region stands at $68 billion, more than double of what it was two years ago, the report said. Singapore, in particular, saw a strong rebound from Covid-hit 2020.

«Asia Pacific’s real estate market is seeing a new cycle of growth and investment as the region begins to shake off the challenges of the pandemic,» David Faulkner, president of ULI Asia Pacific, said in a statement.

Structural Changes

The report noted the prevalence of post-COVID-19…

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