As part of its Global Real Estate Outlook report, UBS Asset Management REPM has released its forecast for the real estate markets in the Asia Pacific region.
The report’s key findings include:
Most major Asia Pacific economies will bottom and reverse the growth decline by year-end.
The general prognosis for 2021 is less negative, but occupier performance will continue to face pressure.
Real estate investors into Asia Pacific should not get carried away by expectations that the vaccine is a silver bullet and relax underwriting standards.
Remain on the lookout for tactical opportunities arising from the pandemic.
The encouraging news of the vaccine rollout brought much optimism to Asia Pacific markets in the last few weeks of 2020. It could not have been timelier, as several economies such as Japan and South Korea are now grappling with a resurgence in COVID-19 cases that threatens to undo all the good work do
