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January 6, 2021

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Home » Business » Real Estate

Asia Pacific property set to prosper

By Cao Qian | 00:05 UTC+8 January 6, 2021 | Print Edition

Real estate investment in the Asia Pacific region is expected to rise by up to 20 percent this year amid increased interest in logistics and alternative assets such as data centers and multi-family or residential rental properties, according to global real estate consultancy JLL.

Investor appetite for assets with a stable income flow will boost transactions, it said in its latest forecast, with hotel, retail and office investments also gaining pace as economic recovery gathers momentum.

“Shifts in both investor appetite for core and alternative assets, coupled with occupier demand for spaces that align with a more sustainable and experience-driven environment, will become a more important strategic priority in the post-COVID world and a cornerstone of the market’s ongoing recovery,” said Anthony Couse, CEO of JLL Asia Pacific.

Despite the shift to home working in 2020, JLL said that it remains confident office space would remain an integral part of most companies’ future strategies, meaning investors will continue to view this asset in a favorable light.

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