COVID 19: Revisiting the Asia Pacific economies and real estate markets

As we head into the one-year mark since the pandemic started, the third wave of infection is sweeping through some countries. The economic recovery is no longer a “V” that optimists were hoping, but a “U”. The real estate sector, especially on the occupier front, has felt the brunt of the social distancing measures. While governments have also stepped up monetary and fiscal support measures to mitigate the impact on businesses and individuals, we expect a further contraction in the occupier market until a vaccine is widely available.

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