Knight Frank releases Asia-Pacific Residential Review H2 2020

21 January 2021, Malaysia – Knight Frank has released its Asia-Pacific Residential Review for H2 2020 - an investor focused report which provides an in-depth look at the performance of 24 residential markets across the region.

Key findings:

  • 14 out of 24 cities tracked in the region recorded positive annual growth in H2 2020

  • The year-on-year average price growth for the region was 1.9%, up from 1.4% in H1 2020

  • The low interest rates in most residential markets continued to be a key driver of price growth in Asia-Pacific through 2020, and is expected to continue through 2021

  • General outlook for the region remains optimistic despite the pandemic's toll on economic activity in the recent months

Victoria Garrett, head of residential, Asia-Pacific said, “Despite an overall slowdown in sales activity due to the vulnerable economic state in 2020, we have witnessed a gradual rebound in most of the Asia-Pacific cities tracked in the later half. Moving forward, we hope to see the residential markets stabilise as housing demand and prices bounce back to pre-COVID levels.”


Dominic Heaton-Watson, Associate Director, International Residential Project Marketing, Knight Frank Malaysia, notes: “The main driver in 2H2020 has been the low interest rate environment which has buffered the weakening economic environment stemming from the aftershocks post COVID-19’s peak around the middle of the year here in Asia-Pacific.

He adds, “Resilience in economies & residential markets will depend on the smooth implementation of an extensive vaccine rollout in 2021 and support measures from Governments.”

Download Report: http://bit.ly/APACresireview2h2020

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