If history were to repeat itself, real estate in Asia is poised for a strong recovery in prices when the Covid-19 pandemic ends. What happened to Asia when SARS hit back in 2003 is a good indication of what is going to happen it ends. No doubt Asia were the hardest hit by SARS but the real estate market rebounded and recovered strongly when SARS ended. We could see the same thing happening again in Asia now after Covid-19 ends. The main reason is due to the pent up demand and the huge amount of liquid capital in Asia.
New launches like Penrose with it’s excellent location and attractive price point is poised to take advantage of it when the recovery comes.