Macroeconomic trends: Asia Pacific institutional real estate and the global economy reach inflection points
As the final season of 2021 comes into view, the Asia Pacific institutional property scene is hinting at new inflection points, some embraced, and perhaps some not.
Obviously welcome — or at least hoped for — in latter 2021 is the relative decline of the scourge COVID-19 and its eviscerating impact on institutional hospitality, office and retail properties across Asia Pacific. For those in the charmed warehouse-logistics sector, the end of 2021 may usher in an even deeper long-term favourable trend in the demand for space to store and quickly ship product.
But silver linings do come with clouds.
In the battle to avert a global economic depression, national governments and central banks engaged in epic stimulative efforts — to good effect, some contend. There was no repeat of the Great Depression of the 1930s, or even the 2008 global financial crisis. Indeed, major global stock markets struck new zeniths in 2021, and residential house prices in many countri