According to global property consultant CBRE, following a steady flow of sales in 2020, corporates across Asia Pacific increased their real estate disposal activity in 2021. 762 deals worth a combined total of $44.4 billion were completed as sellers capitalised on strong pricing to offload assets.
Global property consultant JLL reports that due to repeated epidemics, economic downturns and high unemployment rate in Macau in 2021, property demand decreased as most of the potential buyers tended to wait and see.
According to JLL in its Macau Mid-year Review 2021, Macau's visitor arrivals have been picking up since the reopening of the border with China last year.
Based on findings of CBRE's 2021 Asia Pacific Future of Office Survey, a growing number of corporate occupiers plan to extend their Asia Pacific office footprint in the long-term while adopting strategies featuring greater flexibility and new hybrid working models.
Asia Pacific hotel investment remained flat in the first half of 2021 with $3.7 billion in sales, a decline of 3.7% year-on-year. In total, 61 hotel investment deals were transacted in the first half of the year across nine countries and representing over 10,000 rooms.