Colliers International, a leader in the property sector, has released a paper providing insights and recommendations regarding the real estate sector across APAC.
Rob Wilkinson, Managing Director of Colliers Korea, provides the following analysis of the impact of COVID-19 on the property sector in Korea:
– Office tenants have an opportunity to seek space for relocation or expansion on favourable terms.
– The office investment market is expected to remain stable in 2020 due to abundant liquidity and low interest rates.
– The hotel industry is expected to remain sluggish due to the impact of COVID-19.
Read the full analysis here.