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How residential properties in Southeast Asia performed in 2018

36 10 7
28.12.2018

WHILE much of South East Asia’s economy faced some headwinds in 2018, the majority of real estate markets in the region and in the Asia Pacific at large remained dynamic with investors and occupiers both continuing to be active, international real estate agency Knight Frank said.

In its Global Residential Cities Index for the third quarter of 2018, the company predicts cooling measures, rising interest rates and slowing sentiment is likely to weigh on residential markets.

It said trade tensions, such as the on-going tussle between China and the US, could influence decision making for corporates looking at office space, while structural changes are also likely to continue as co-working and co-living become more commonplace across the APAC markets.

Knight Frank pointed out that the Asia Pacific remained the top-performing world region, with a 6.2 percent increase in residential property price growth over the 12 months period to the third quarter of 2018, up from 3.3 percent a year ago,” it said.

SEE ALSO: South Korea’s property prices are expected to dip next year

“While the Asia Pacific region continues to lead........

© Asian Correspondent