Reality of realty post-Covid-19: Here’re factors that may impact growth


With the Covid crisis continuing to wreak havoc in the market, its short-term impact in the coming 6–12 months is likely to be quite a dampener for the recovery of the real estate sector, forcing the players to contract operations, revisit planned developments, expansions, and investments. In the medium term, the recovery process will see rapid traction, bringing new opportunities while long-term outlook in the coming 18–24 months may likely emerge positive.

A look at the impact of Covid-19 on the sector:

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City approves $140m CBD towers

Revised plans for two new towers at the old Emu Brewery site in Perth have officially been given the green light, following the City of Perth Local Development Assessment Panel’s recommendation for approval by absolute majority last week.

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