Asia Pacific real estate investment volumes will rebound by 15 to 20 percent in 2021, driven by investor appetite for assets with income stability, according to new research from JLL.
The global real estate consultancy predicts increased investor interest this year in logistics and so-called alternative assets such as data centres and multi-family or residential rental properties.
“The events of this year will position 2021 as the beginning of a new real estate cycle in Asia Pacific,” said Anthony Couse, CEO, Asia Pacific, JLL.
In the Philippines, JLL maintains its forecast of a subdued real estate market in early 2021 with recovery beginning middle to late in the year.
“….2021 may be the year where change becomes the new standard," Couse opined.
“The new year may not shake off all the challenges of a pandemic-hit economy, but with recovery in many markets and new dynamics influencing how people work, live, and play, 2021 could establish itself as a year where the Asia Pacific enters a new cycle of real estate growth, innovation and investment.”