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ECONOMY

Asia Pacific Mid-Year Real Estate Market Outlook 2021

Hear from our experts
econ

ECONOMY

EXPECTED


Strong rebound from 2020’s low base

  • GDP growth resumed in most major economies in H1 2021
  • Momentum is being hampered by the resurgence in COVID-19 cases

Companies resume hiring
  • Hiring intentions have turned positive as companies relax their hiring freeze
  • Unemployment is expected to peak this year

Vaccines reduce infections and fatalities
  • Vaccination rates are accelerating across the region
  • But emerging Asia is struggling to secure supplies

UNEXPECTED


Delta variant disrupts the recovery

  • While COVID-19 infection rates stabilised at the beginning of the year, cases began to rise again in April along with the spread of the more contagious delta variant
  • India and Southeast Asia have been hardest hit, while other markets including Taiwan, Australia, Singapore and mainland China, which had previously succeeded in containing the virus, were forced to reintroduce restrictions

Reopening vs Reclosing
  • The latest wave of infections has seen the reintroduction of new restrictions on business and social activity
  • Cross-border business will remain closed for longer

Asia Pacific Real Estate Market Outlook 2021
Mid-Year Review

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Contacts

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Dr. Henry Chin
Global Head of Investor Thought Leadership
& Head of Research, APAC
Research
+852 2820 8160
+852 2810 0830
Ada Choi
Ada Choi, CFA
Head of Occupier Research, APAC
& Head of Data Intelligence and Management, APAC
+852 2820 2871
+852 2810 0830