Throughout 2020, the success of government efforts across the Asia Pacific to contain the spread of COVID-19 has helped limit its impact on local real estate markets. At the same time, however, there is a sense that asset values have been propped up by a combination of transient factors—government support programmes, bank forbearance policies, healthy corporate balance sheets—that are unlikely to last. As the tank runs dry, there is growing conviction among investors that a market correction is inevitable.
This report is jointly produced by PwC and the Urban Land Institute. Based on personal interviews with and surveys from 391 of the most influential leaders in the real estate industry, this forecast will give you a heads-up on where to invest, which sectors and markets offer the best prospects, and trends in the capital markets that will affect real estate.