Office: We expect rents to remain stable as occupier activity is slow during the coming quarters, though occupiers are expected to negotiate hard on commercial terms in renewals and ongoing deals.
Residential: The uncertainty from the COVID-19 outbreak and the shutdown is likely to delay approvals and new project launches. We expect developers would focus on reducing unsold inventory and focus on projects that are already under construction over the next 3-6 months.
Retail: The main street leasing was largely muted in the first quarter of 2020. Retailers from the F&B and Wellness & fitness segments were the most active in main street leasing.
India Investment: The COVID pandemic put a lot of countries on lockdown mode and some ongoing deals and those in advanced stages went on hold due to investment decisions being delayed or final contracts not yet signed.
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