Real estate investment in the Asia Pacific region has been on a downward trend since 2019, and market uncertainty brought about by the COVID-19 pandemic has exacerbated the situation, said speakers at a recent ULI Singapore event held virtually.

For most of 2019, investment activities decreased in the region, mainly due to the United States/China trade conflict and civil unrest in Hong Kong. Against this backdrop, a joint ULI/PwC forecast report, Emerging Trends in Real Estate: Asia Pacific 2020, highlighted Singapore as the best prospect in the region for investment—ahead of Tokyo, Sydney, and Melbourne—largely due to foreign capital inflows.

However, the pandemic has ensured continuing contraction in APAC for the first quarter of 2020, with investors largely adopting a wait-and-see approach, panelists shared during the capital markets discussion held at the 2020 ULI Singapore Conference.

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