Australia

“The long-awaited pick-up in investment activity is coming to fruition as investors ramp up acquisitions in anticipation of stronger capital value growth in 2026.” - Chris Naughtin, Australia

China

“China’s investment market has shifted from cycle-riding to stock optimisation: repricing has created entry points, but returns now depend on leasing execution, capex discipline, and capital-structure creativity—not yield compression. ”  - James Macdonald, China

Hong Kong

“In Q4/2025, Hong Kong’s property market transitioned from fragile recovery to conviction-led buying, with Mainland capital, end‑user office demand and student‑housing conversions anchoring a selectively bullish 2026 investment landscape. ”  - Jack Tong, Hong Kong

India

“Private equity real estate investments in 2025 remained with the proven asset classes, with land and commercial offices continuing to attract strong interest, underscoring investor confidence in India’s ongoing urban and economic growth. ”  - 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

“Japan continues to be resilient amid global headwinds and rising interest rates, demonstrated by its stable economic performance and sustained strength in corporate profits. ”  - Ronrich Tan, Japan

Macau

“The notable changes include a stamp duty exemption on the first MOP6 million of eligible residential purchases (previously MOP3 million) and to raise the maximum mortgage loan to value (LTV) ratio from 70% to 80%. ”  - Franco Liu, Macau

Malaysia

“Q4/2025 saw 37 major deals worth RM5.57 billion. TRX, a prime mixed-use precinct in Kuala Lumpur, attracted strong investor interest, reflecting a widening appetite for quality assets in Malaysia ” - Fong Kean Hwa, Malaysia

Pakistan

“REITs in Pakistan offer regulated access to income-generating real estate and support market formalization, but face challenges from limited assets, low liquidity, high interest rates, and low awareness; however, medium-term growth prospects are improving. ”  - Saud Khan, Pakistan

Philippines

“Metro Manila’s 2025 supply recalibration offers a vital window for absorption. However, a two-tiered market persists as BGC thrives, while upcoming 2026 supply surges will test resilience and flight-to-quality trends. ”  - Dino Mari Palanca, Philippines

Singapore

“With the Singapore equity market expected to continue rising in 2026, expect investment sales to best 2025 levels. ” - Alan Cheong, Singapore

South Korea

“Seoul’s office investment reached a record KRW21.1 trillion in 2025, driven by large domestic-led transactions, while logistics investment rebounded sharply, supported by foreign-led deals. ”  - JoAnn Hong, South Korea

Taiwan

“Taiwan’s economic and export growth rate reach the record high this year, commercial property transaction volume maintaining its peak levels for the two consecutive years. ” - Erin Ting, Taiwan

Thailand

“Despite softer economic momentum, capital continues to target high-conviction opportunities, with investors focused on long-term structural demand, strategic locations, and assets offering durable value. ” - Sudhicha Sirichareon, Thailand

Vietnam

“Vietnam closed 2025 with stronger policy clarity and capital flows. Infrastructure is the key driver for the economy going forward, setting the stage for a more sustainable recovery in 2026." - Su Ngoc Khuong, Vietnam