Quarterly bulletin 3rd Quarter 2021
- The overheating in property markets across some Asian cities has increased expectations that governments may intervene more strongly.
- The hotel market in Southeast Asia continued struggling against a new Covid-19 wave.
Housing prices have shot up across cities in Asia Pacific this year, fueled by record low interest rates. Optimism has also gained steam as vaccination rates increased and some countries moved toward a post-Covid recovery. Meanwhile, as companies shift to a hybrid work model, a mix of working from home and in the office, demand for larger homes has picked up. The overheating in property markets across some Asian cities has increased expectations that governments may intervene through housing curbs or other measures like fiscal or monetary policy.