APAC commercial property sales plunge 40% y-o-y in 2Q2023: MSCI
According to MSCI, commercial property sales in the Asia-Pacific region dropped by a staggering 40% year-on-year in the second quarter of 2023. This sharp decline is likely a result of the ongoing pandemic and its impact on the global economy. The figures highlight the challenges faced by the commercial real estate market in the region and indicate a period of uncertainty ahead.