Looking Back, Going Forward: How Asia's Real Estate Markets Performed in 2009 and the Questions That Remain for 2010
In the wake of 2008’s global financial crisis, performance in the Asia Pacific region managed to outshine North America and Europe in 2009, but some parts of the region did better than others. As recovery in Asia begins to take hold, shifts are beginning to occur in the commercial real estate market, while efforts to revive faltering economies — from government stimulus packages to regulatory changes — have yet to be fully realized, especially with some markets more dependent on global economic recovery in order to return to a state of growth. Still, Asia’s strengths during this crisis may outweigh its weaknesses, further enabling the region to help lead the global recovery.