‘Property market on steroids’: Asia-Pacific’s real estate boom sees buyers bidding up prices

Source: CNBC — 

Housing prices have shot up across cities in Asia-Pacific this year, fueled by record low interest rates amid the pandemic.

Optimism has also gained steam as vaccination rates gain pace, and some countries move toward a post-Covid recovery.

As companies move to a hybrid work model — a mix of working from home sometimes, and in the office at other times — demand for larger homes has also picked up, analysts say.