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OUTLOOK 2024

Apac real estate outlook 2024: new cycle, sustained fundamentals

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    • Although 2024 may not usher in a significant turnaround, the Asia-Pacific region’s real estate markets are poised to maintain their resilience.
    • Although 2024 may not usher in a significant turnaround, the Asia-Pacific region’s real estate markets are poised to maintain their resilience. PHOTO: REUTERS

    Christine Li

    Published Fri, Dec 22, 2023 · 10:06 PM

    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.

    Office PropertyResidential propertyWealth & InvestingAsia-PacificSpotlightOutlook 2024

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