CUHK Business School Research Finds Rents in Asia-Pacific Fell Dramatically but Property Prices Stayed Strong During the Pandemic

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HONG KONG SAR – Media OutReach – 2 December 2021 – Empty office buildings, hotel rooms and shopping malls – these are the facts of life in the post-pandemic new normal. They are also the results of social distancing measures as well as government-imposed lockdowns implemented around the world to lessen the spread of COVID-19, the effects of which have rippled across real estate markets in Asia. It is with this in mind that a recent study found that property prices in the overall market for much of the Asian Pacific region remained stable. However, within the different segments of the real estate, the market witnessed a refocusing from some investors towards strategies involving deployment of capital towards sectors of industry that actually benefited from COVID-19.


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