In Asia Pacific Apac, investment in commercial real estate is expected to pick up in the second half of this year, while high net worth and institutional buyers will become more active once there is greater clarity around future interest rate movements in the second half of this year, predicted a CBRE report in May.
In contrast, interest rate hikes and fears of a global economic slowdown caused a sharp slowdown in commercial real estate transactions in all Apac markets from 2021 to 2023, the CBRE report said. Also, in the last few months, several Chinese property developers have been placed into liquidation in Hong Kong’s courts, with...
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