Since the country began its transition to the endemic phase of Covid-19 in April last year, the property industry has shown signs of improvement, as evidenced by better overall sales performance and more landbanking activities.
City & Country talked to local industry experts about their key takeaways from 2022 and insights for the new year. Many of them expect the industry’s recovery to continue, premised on a stable political scene and improvements on the health front. However, issues such as the rising cost of living and a potential global recession were among their concerns.
While the spotlight was on the industrial subsector in 2022, the industry experts expect emerging subsectors such as data centres and workers’ accommodations to shine alongside industrial this year.
