With the Ox galloping in soon to welcome the Lunar New Year, the anticipated commercial rollout of the COVID-19 vaccine will boost the hope of many countries economic recovery and lift overall consumer sentiment.
Although the residential and commercial market is expected to remain challenging at the beginning of this year, there is an anticipation that values of prime grade retail assets should remain relatively stable despite the rental decline – given their more resilient tenant and lease profiles, and the fact that the existing low interest-rate environment will buffer yields.
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