Real estate investors are now being “careful and prudent” about deploying more capital in the face of growing economic uncertainty, said CapitaLand Investment.
One warning sign of an economic downturn or a recession is the restraint that investors exercise over deploying capital for new investments, economists said.
"In the recessionary periods since the 1980s, around half of the decline in the Group of 7 gross domestic product in negative quarters came from investment, even though investment only averaged 20% to 22% of GDP," Oxford Economics lead economist Adam Slater said in the note. The desire to invest in other economies such as China, the U.K. and South Korea has tailed off, he added.
"Some of the indicators we have looked at also may be less worrying than they first seem. For example,As for China, CapitaLand Investment's Lim said while revenue from properties has come off the boil —particularly after pandemic lockdowns gripped major city centers like Shanghai in the second quarter of the year — the company remains committed to investing in Chinese property.
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