Delayed launches and elongated transaction timelines are increasingly evident in affected markets as city lockdowns, travel restrictions and social distancing become commonplace around the world. However, Asia Pacific has provided a benchmark for what a recovery could look like in other regions, reported JLL.
In China, life is shifting back to normal for most locations outside of the Hubei province, where the outbreak began. Manufacturing is returning to roughly 90 percent of full capacity, while circa 80 percent of retail, restaurants and bars are now open. Transactional activity is gradually improving across the region, and investor appetite is growing. However, there is concern in markets such as Singapore, which was initially less affected, where infection case counts have risen due to residents returning from abroad.
JLL expects investors will continue to look to a few considerations as major arbiters of asset-level risk in the near term:
Inco
