Asian Real Estate Prices down 10 % - 50 %.

Editor's comments:

As the Article below points out 2021 does not look good for Asian Real Estate. 

Based on my 23 years of living in Asia, 17 years of which is in real estate I tend to agree with this prediction.

 

There is no question in my mind that the first half of 2021 will be terrible for Asian real estate, especially in Bali.

 Around the Chinese New Year in early February it will be one year since we discovered the worst pandemic in 100 years, Covid 19. 

Asian countries that rely heavily on tourism such as Hong Kong, Singapore, Vietnam and especially Bali in Indonesia have suffered devastating damage to personal cash reserves of most owners of real estate. 

Although there is light at the end of the tunnel with a multitude of vaccines it will take some time, especially in the larger Third World countries to distribute them.

Many owners have come to the end of their cash reserves.

They will be forced to sell properties at 20% to 50% below Jan. 2020 prices. 

Therefore, we have launched a brand-new highest tech website in Bali.

You can search through hundreds of quality listings with a mouse on you PC or your finger on your mobile phone. 

 We have a special section call Bali Distressed Properties. 

It features the first of many Bali land villas offices and hotels that are selling for these 20% low prices and upwards to 50%.

Buyers and investors that purchase these now should enjoy significant increases starting as early the second half of next year. 

I sincerely believe that the next few months will be the absolute best time to buy the best Bali properties at the Best prices this decade and perhaps even this century.

 I also believe that about halfway through next year the vaccines will be effective and begin to win the battle against Covid – 19.

  The amount of new cases and deaths will drop exponentially giving hope for everyone especially those in real estate.

 There is an old saying in the financial markets “Buy on the rumour and sell on the fact”.

“Buy on the rumour and sell on the fact”. 

 You do not want to wait until it becomes a fact that Covid-19 has been beaten.

You want to buy now.

 Some may say this is an unethical practice.

 But in fact when you purchase a property from somebody especially in Bali that may be up over 1,000% from its price is 20 years ago it won't hurt them to give up 20% to 50% of their gains so that they can support their families basic needs, healthcare, and education. You may even receive good Karma from purchasing a property from someone who is desperate.

 We have several properties available now and w expect to add dozens more in the coming weeks and months.

If you have a property that you're willing to sell at 20 to 50% below January prices click on this link fill in the information and send it to us and we will provide you three appraisal value is for your property and arrange for you listed for free as well.

 Stay tuned to this link to see the latest distressed properties available in Bali at 20% to 50% from prices one year ago.

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By Timothy Tay
/ EdgeProp Singapore

November 25, 2020 5:48 PM SGT

SINGAPORE (EDGEPROP) - A report jointly published by the Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC) lays out concerns that a correction may be on the cards next year for some property markets in the Asia Pacific region.

“The Asia Pacific region has been remarkably resilient to the challenges faced by coronavirus, particularly compared to Western markets, but we expect to see some market correction,” says David Faulkner, president of ULI Asia Pacific.
The report names three markets where stress seems likely to surface. In China, where a liquidity squeeze is creating bank financing challenges for smaller sized property developers. In India, where the implosion of local non-bank finance companies has created opportunities for foreign private equity funds. And Australia, where the economic impact of the Covid-19 pandemic has been most acute, and greater market transparency is likely to open up more buying prospects.



Singapore, Tokyo, and Sydney continue to rank highly as the top three markets for investment and development prospects in the Asia Pacific region. Ho Chi Minh City was the sole emerging market city with the best prospects for growth, boosted by its successful containment of the pandemic and a rapidly growing economy.

“2020 is a challenging year for all investments including real estate. Due to Covid -19 travel restrictions, there is a significant decline in cross-border investments. But with current liquidity, Singapore's stable market with good quality assets has helped the country maintain its position as the city of choice for investment prospects,” says Yeow Chee Keong, real estate and hospitality leader at PwC Singapore.



Ong Choon Fah, the ULI Singapore Chair and CEO of Edmund Tie, says that on top of corporate office assets, investors in Singapore are increasingly looking at potential deals involving logistics facilities. The ULI and PwC report highlights logistics as the asset class likely to emerge stronger post-Covid, with demand driven by cyclical and structural drivers such as e-commerce growth.
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The report also highlights upbeat consumer sentiment and a reliable long-term mortgage and rent payment track record earmark the residential sector as a defensive asset class that investors in the region are also targeting. Positive signs also point to growing demand for green debt in the Asia Pacific region.