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After the imposition of a higher ABSD, residential property investment sales declined to 33.4%.

Private residential transactions may decline up to 29% YoY in 2022.

The government increased stamp duties for property buyers by 5-15 percentage points.

They are selling their realties or converting their real estate into business assets.

The tech industry accounted for 40% of the demand for office space, up from 20% in 2019.

CBRE sees a 5% to 10% growth in total transaction volumes this year.  

Cushman & Wakefield said modern workplaces will see variations of hybrid fit-out, either simple or complex.

Knight Frank also expects rents to increase 3% to 5% this year.

This as investors become more comfortable with REITs and more industrial portfolios gets listed.

Analysts expect it to enter the last phase of its down-cycle.

India is next to China in becoming a powerhouse in the region.

The Philippines is set to become the REIT IPO hotspot in the region this 2021.