If you are an investor, you are familiar with the difficulties of determining when the waters are just right and when it is time to get out of the pool. Given the immense challenges all investors face with trying to time property markets, many people in real estate in Asia currently are wondering if now is the time to dive into Southeast Asian real estate.

But Asia is also an increasingly-difficult place to invest in real estate. The Emerging Trends in Real Estate: Asia Pacific 2016 report from the Urban Land Institute and PwC makes that clear. The report, based on interviews with about 350 executives from property development and investment fund management firms, is compiled every year for Asia, as well as other regions and the globe.

Some property players question whether Asia’s six-year bull run may be coming to an end. “It’s a difficult environment in which to deploy capital,” explained one of the report’s anonymous respondents. “There’s no low-hangin