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

“Investor appetite for regional supercentre malls remains strong, with insurers favouring stable, consumer-driven assets. Owners increasingly monetise holdings while retaining management control, signalling retail’s renewed importance in China’s evolving real estate market. ”  - James Macdonald, China

Hong Kong

“The Hong Kong investment market extended Q3/2025 momentum, driven by a strong equity market performance and softer funding costs, with HK$33 billion in transactions up 6% year-on-year. ”  - Jack Tong, Hong Kong

India

“Private equity in Indian Real Estate showed remarkable steadfastness despite a dynamic global economic and political landscape. Office and data centres led Q3 inflows with 39% and 38% shares, while land transactions remained active. ”  - Arvind Nandan, India

Indonesia

“Facing global headwinds, regulatory adjustments and cautious investors, Indonesia’s property market remains broadly resilient, with some sectors showing moderate recovery while others remain under pressure amid economic uncertainties. ”  - Tommy Henria Bastamy, Indonesia

Japan

“Despite the global uncertainty, Japan’s outlook is improving as the economy absorbs trade and political shocks. The transaction market remains strong, underpinned by stable occupier demand and sufficient liquidity, while strong investor appetite is driving active competition for assets and is supporting confidence in future growth. ”  - Ronrich Tan, Japan

Pakistan

“Karachi’s Grade A office market remains undersupplied, with high occupancy rates and growing demand from tenants, highlighting the strong potential for premium commercial developments and ongoing investor interest. ”  - Saud Khan, Pakistan

Philippines

“Resilient BPO and tech demand tightened vacancy to 20.4%, but supply delays and high interest rates risk creating a shortage of quality office space by 2027. ”  - Dino Mari Palanca, Philippines

Macau

“Recent data reveals a steadier trend, with residential prices halting their slide, particularly for second-hand units. Factors contributing include robust economic growth and a strong performance from the gaming and tourism industry. ”  - Franco Liu, Macau

Malaysia

“Q3/2025 was marked by sustained investor confidence in Malaysia’s real estate market with 45 major transactions totalling RM3.55 billion, driven by strategic investments in Johor and Greater KL. ” - Nabeel Hussain, Malaysia

Singapore

“Expect the investment sales volume to surprise on the upside as favourable capital market conditions push deals over the finishing line. ” - Alan Cheong, Singapore

South Korea

“Despite macro uncertainties, Korea’s office and logistics investment markets showed resilience in Q3/2025, with strong investor activity, record-high transactions, and delayed deals finally closing. ”  - JoAnn Hong, South Korea

Taiwan

“The rise of the AI industry alongside strong exports are driving economic growth. The technology sector continues to support commercial property transaction volumes, while land market activity has seen a significant contraction. ” - Erin Ting, Taiwan

Thailand

“Thailand’s industrial estates are transforming into smart, sustainable investment hubs, driven by global diversification, infrastructure acceleration, and strategic incentives solidifying the EEC’s role as a future ready economic gateway. ” - Sudhicha Sirichareon, Thailand

Vietnam

“After posting an impressive 8.2% GDP growth for Q3, Vietnam continues into a ‘new era’.  The already robust domestic economy is set to be pump primed with US$49 billion of infrastructure investment, and with the recent upgrading to ‘emerging market’ status, then capital markets will show improved liquidity. " - Troy Griffiths, Vietnam