A socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 133 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 70 countries worldwide.

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Research
10.09.2020

Battling the waves. Asia-Pacific real estate sentiment, activity and recovery during the COVID-19 period

According to forecasts, the Asia-Pacific economy shall take a heavy toll in 2020. If the coronavirus is localized in the second half-year, and the next pandemic waves can be avoided, the region may recover up to 2021. Next to that, a high level of uncertainty still remains, so the tenants and the investors shall identify opportunities provided by the current situation, and take advantage of them.

The Roscongress Foundation presents the salient points of the publication accompanied by fragments of broadcasts of relevant panel discussions from the business programme of international events held by the Roscongress Foundation.

Market situation in the region is neutral, despite perturbations in the economy. Leasing activity and level of demand have stabilized in the majority of Asia-Pacific areas.

With lifting of restrictions, economic activity in the region started to show slight recovery. However, the most active sectors are still e-commerce, especially, in warehousing and logistics. This is true both for the new and current industry players.

According to poll held by KnightFrank in July, approximately 80% of analyzed markets show stable and gradually increased leasing activity. The company experts came to the same conclusion in May this year.

Рыночная конъюнктура по всему региону находится в сбалансированном состоянии, .png

According to KnightFrank experts, the nearest future shall bring increase in demand of e-commerce players in industrial premises. Moreover, business leads include biomedical and pharmaceutical companies that lately witnessed increase in demand due to the COVID-19 outbreak.

Video: https://roscongress.org/sessions/lokomotivy-mirovogo-rosta-kto-sleduyushchiy/search/#00:56:21.759

Real estate markets show stable increase in activity that started to recover after gradual lifting of restrictions. However, recurrent coronavirus outbreak may reverse the situation.

Up to the sixth month after the COVID-19 outbreak the majority Asia-Pacific countries managed to contain coronavirus pandemic; and basically, the situation in the region improves. 75% of the markets analyzed by the authors, have shown stable or increased activity in terms of transactions volume. Many countries also demonstrate price increase at the end of July (compared to May).

The authors note that the situation was influenced by accumulation of deferred demand from March to May, as the buyers had no opportunity to settle transactions due to coronavirus restrictions. KnightFrank expertsadhere to an optimistic but cautious outlook for the real estate sector in the Asia-Pacific region providing for potential price decrease approximately by 5% this year.

Video: https://roscongress.org/sessions/kollektivnye-investitsii-v-arendnoe-zhile-to-trust-or-not-to-trust/search/#00:47:59.743

For more information about construction as a sector with a sizeable share in many economies, rising level of digitalization, and shifts in consumer sentiment in real estate, please see the Building and construction,Housing and Utilities, Asia-Pacific region.

Analytics on the topic