Apac real estate outlook 2024: new cycle, sustained fundamentals

GLOBALLY, challenges persist in the macro environment, marked by a prolonged hiking cycle and further complicated by ongoing geopolitical tensions.

Despite a cautious global economic outlook with significant downside risks, projections from the International Monetary Fund’s World Economic Outlook affirm Asia-Pacific’s position as the fastest-growing region in the world in 2024.

Growth in over two-thirds of the region’s major economies is expected to remain stable or exceed 2023 levels. The widely expected interest rate cuts in 2024 are set to initiate a fresh property cycle in the region, supported by its long-term structural strengths.