Coronavirus

One of private markets’ biggest investors, Singaporean state fund Temasek and real estate manager CapitaLand, are implementing pay cuts to counter the economic impact of the rapidly spreading outbreak.

The rapid spread of coronavirus has thrown a spotlight on the country’s growing need for healthcare facilities, a sector of the local real estate market that remains undercapitalized.

The full extent of the outbreak in China is yet to be seen, but the short-term impact has already manifested itself in Asia’s private real estate markets

The spreading virus is already thumping the country’s retail and hotel sectors, but its wider impact in the country and further afield cannot be fully assessed yet.