Australia

“While global uncertainty weighed on investment activity in Q2, the pending deal pipeline points to investor confidence amid expectations of accelerating economic growth, further interest rate cuts, and stronger investment returns.” - Katy Dean, Australia

China

“Subdued demand and geopolitical risks continue to weigh on China’s industrial real estate investment market, though longer-term structural shifts are beginning to take shape. ”  - James Macdonald, China

Hong Kong

“Easing US-China trade tensions and reduced tariffs improved investor sentiment in Q2/2025, while declining distressed sales and notable transactions like One Exchange Square's HK$6.3 billion sale marked a cautious recovery. ”  - Jack Tong, Hong Kong

India

“Private equity investments are up by 38% YoY in 1H/2025 owing to continued real estate confidence, despite border tensions and global uncertainties. Office investments led with a 31% share, while land deals increased as investible core assets remain scarce. ”  - Arvind Nandan, India

Indonesia

“The property market in Indonesia was relatively stable during Q2/2025 with pricing and demand levels very similar to the previous quarter. ”  - Tommy Henria Bastamy, Indonesia

Japan

“Rising global uncertainty continues to weigh on investor sentiment, as well as rising interest rates and monetary policy ambiguity. Nonetheless, Japan’s transaction market remains resilient, supported by its reputation as a safe, liquid, and diverse market, together with positive spreads. ”  - Tetsuya Kaneko, Japan

Pakistan

“Spurred by demographic transformation, improved connectivity, and changing lifestyle preferences, Lahore is witnessing a shift towards apartment living, with suburban projects and smart cities enticing buyers who seek both financial gain and modern living environments. ”  - Saud Khan, Pakistan

Philippines

“Metro Manila's office market is seeing new supply and varied vacancies. While average rental rates have decreased slightly, BPO demand and a "flight to quality" are expected to drive the market’s gradual recovery. ”  - Dino Mari Palanca, Philippines

Macau

“On June 9th, the Macau government officially announced that all 11 existing satellite casinos will permanently cease operations by the end of 2025, aligning with the commercial decisions made by gaming license holders. ”  - Franco Liu, Macau

Malaysia

“Transactional activity during Q2/2025 pointed towards a more stabilized investment market, with M-REITs, private and listed developers and government-linked companies all significantly involved in the over RM7 billion worth of deals during the period. ” - Nabeel Hussain, Malaysia

Singapore

“Economic uncertainties brought on by the trade tariffs are now beginning to have a tangible effect on the local investment sales market.” - Alan Cheong, Singapore

South Korea

“The BoK has lowered its base rate by 25 basis points and the Seoul office investment market saw a significant rebound while the logistics investment market remains sluggish. ”  - JoAnn Hong, South Korea

Taiwan

“Despite potential tariff risks, commercial real estate transactions saw a slight increase, driven by steady demand from the tech sector. However, a tighter lending environment is having a negative impact on investors, the land market, and the residential sector. ” - Erin Ting, Taiwan

Thailand

“Despite global and domestic economic uncertainties, Thailand is expected to continue its recovery with international tourist arrivals projected to approach pre-pandemic levels. ” - Thanin Chitathitharnlarp, Thailand

Vietnam

“Despite global uncertainties and trade tensions, Vietnam continues to push forward with structural reforms and investment efforts. While challenges remain, steady FDI inflows and infrastructure momentum indicate cautious optimism for long-term growth. " - Troy Griffiths, Vietnam