Facing adversity: Major trends support core and core-plus strategies in Asia Pacific
The spectacular economic growth in Asia Pacific over the past few decades has made the region the world’s key growth engine. Data from the Economist Intelligence Unit shows Asia Pacific’s share of world GDP has risen from slightly less than 20 percent in 1980 to more than 40 percent in 2019. With the continued rise of the middle class, strengthening domestic business growth and emergence as one of the most digitally advanced regions, the Asia Pacific’s share of the world’s economy is set to continue to grow.
Asia Pacific’s growth story and maturing market have brought immense opportunities and changes to the region’s real estate landscape. Once seen as an opportunistic part of the world, key gateway cities in Asia Pacific have since become the darling of the core and core-plus investing space among global investors, with several major trends supporting such investment strategies in the region:
Growth driving new urban hubs across the region