Knight Frank releases 2021 outlook for Asia Pacific real estate markets

Knight Frank has released its Asia-Pacific Real Estate Outlook 2021: Navigating the Post-Pandemic Recovery. The report highlights six key trends that will shape the market in the coming year and pinpoints sectors to watch, including prime residential, office, industrial, specialist sectors and capital markets.

Kevin Coppel, managing director, Asia Pacific, said, “2020 has been an unpredictable year for the Asia Pacific real estate markets and one whose repercussions will be felt for years to come. In many ways, COVID-19 has accelerated trends already underway, such as the growth in online retail, a move toward flexible working and a focus on more resilient supply chains. We expect these trends to continue apace even after the virus is brought under control in most markets.”

Coppel added, “The impact of these trends on real estate markets will be mixed. Industrial, logistics and data centers will remain robust, while the retail and hospitality sectors w