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APAC commercial property sales plunge 40% y-o-y in 2Q2023: MSCI

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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.

HDB To Launch Over 9,500 BTO Flats in November, New Private Home Sales Plunge 68.4% in October and More

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The Housing and Development Board (HDB) has announced its plans to launch more than 9,500 Build-To-Order (BTO) flats in November. This comes as new private home sales dipped by a staggering 68.4% in October. The decline has raised concerns about the stability of the housing market, while simultaneously highlighting the growing demand for affordable public housing options.