After a difficult 2022, a new cycle awaits in the new year

With China backstopping the freefall in its property sector, select investment grade property bonds could see 10–15 per cent total returns. PHOTO: AFP
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SINGAPORE – As a bruising 2022 draws to a close, global investors can be forgiven if they enter 2023 with an abundance of caution.

After all, many of the same sore spots still sting – inflation remains elevated, policy rates are headed up and global growth is headed down.

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