Published 9 April 2020 · English

Asian real estate market continues to bear the brunt of the unprecedented impact amid the Covid-19 pandemic. In details, the huge disruption caused by the clampdown on travel and commerce has plunged office and retail assets into a period of debilitating uncertainty, dealing a severe blow to leasing and investment activities which had slowed in most parts of the world before the disease took hold. In the first two months of this year, commercial property transaction volumes plummeted by 50% in Asia.

While several Asian economies are facing a second wave of infections, the commercial property markets may see a continuing slowdown amid dramatic deterioration in the region’s growth prospects and the heightened risk of another global financial crisis.