Asia-Pac's stubbornly-high property prices may correct next year

Singapore

THERE are growing concerns that a market correction may be on the cards next year for Asia-Pacific (Apac) real estate, which has stayed resilient despite the Covid-19 pandemic.

A regional forecast report by non-profit education and research institute Urban Land Institute (ULI) and PwC released on Tuesday noted that the Covid-19 outbreak has had a limited impact on local real estate markets this year.