13-08-2022, 06:05 AM
Property investors are holding back as the global economy sours, says Singapore’s CapitaLand
Real estate investors are now being "careful and prudent" about deploying more capital in the face of growing economic uncertainty around the world, said leading Singaporean property investment manager CapitaLand Investment.
"There is a lot of uncertainty out there. We are seeing interest rates rising rapidly across many countries in reaction and response to supply side and demand side inflation, which is something we haven't seen in a very long time," CapitaLand Investment's chief financial officer said.
"An investment freeze in the coming quarters is a significant risk," said an Oxford Economics lead economist.
Real estate investors are now being "careful and prudent" about deploying more capital in the face of growing economic uncertainty around the world, said leading Singaporean property investment manager CapitaLand Investment.
"There is a lot of uncertainty out there. We are seeing interest rates rising rapidly across many countries in reaction and response to supply side and demand side inflation, which is something we haven't seen in a very long time," CapitaLand Investment's chief financial officer said.
"An investment freeze in the coming quarters is a significant risk," said an Oxford Economics lead economist.