With heightened refinancing costs impacting property values and changing consumer behaviour stifling demand for commercial and residential real estate in the Asia-Pacific region broadly, South and Southeast Asia have stood out with pockets of optimism in this sector. General counsel of two major real estate companies discuss the current situation on the ground, and what future holds for the industry.
The real estate landscape in Asia has been experiencing volatility in recent years with China’s property crisis sending shockwaves across the region.
According to the CBRE, the…