People wearing protective face masks walk along a street in Central, the business district of Hong Kong, on February 11. Long before the outbreak of the coronavirus, investors in Asian property were not being adequately compensated for the increased risks in the region. Photo: AP
Opinion
Opinion
The View
How Asia’s commercial property has become a victim of its own success
- Investor demand has pushed down prime office yields in key Asian cities, where weak demand and oversupply are already depressing rents
- While monetary conditions remain loose, investors will not abandon this asset class. The weaker fundamentals could lead to a needed repricing of risk in Asian property
People wearing protective face masks walk along a street in Central, the business district of Hong Kong, on February 11. Long before the outbreak of the coronavirus, investors in Asian property were not being adequately compensated for the increased risks in the region. Photo: AP