Asia Pacific real estate delivered resilient Q1/2026 performance with 19.2% YoY investment growth amid Middle East tensions and US tariff uncertainty. Offices led the recovery while AI-driven industrial and logistics momentum remained strong."
Neil Brookes, Asia Pacific Capital Markets
Australia
“Following a pronounced pick in deal volume in late 2025, the shift to higher interest rates and heightened uncertainty globally weighed on investment activity in early 2026.”
Chris Naughtin, Australia
China
“As China’s commercial real estate market matures, legacy investment strategies are being unwound, while patient capital begins to re-engage following a meaningful correction in asset pricing.”
James Macdonald, China
Hong Kong
“Despite global turbulence, Hong Kong’s property market shows selective strength—end users anchor office and education demand, investors chase repurposing opportunities, and luxury homes retain unwavering pricing resilience.”
Jack Tong, Hong Kong
India
“Private equity real estate investments in Q1/2026 witnessed shifting patterns. The hospitality sector emerged as the next biggest recipient of investments after commercial offices. Domestic investors led activity, accounting for 66% of the share.”
Arvind Nandan, India
Indonesia
“Entering 2026, Indonesia’s property showed positive market performance before then declining as escalation geopolitical uncertainties prompted heightened investor caution and tempered the pace of investment decision-making across sectors.”
Tommy Henria Bastamy, Indonesia
Japan
“Despite global challenges and rising interest rates, transaction volumes in Japan remain well supported by strong underlying fundamentals, deep liquidity, and positive yield spreads.”
Ronrich Tan, Japan
Macau
“Macau welcomed historical record visitor arrivals in 2025, a sustained recovery supporting tourism‑related real estate, including hotels and retail properties in established tourist districts.”
Franco Liu, Macau
Malaysia
“Q1/2026 recorded RM3.58 billion in transactions across 33 deals, led by industrial assets, while investment activity remained cautious amid US-Iran tensions in the Strait of Hormuz.”
Fong Kean Hwa, Malaysia
Pakistan
“Multan’s hospitality sector is expected to grow driven by infrastructural and urban development reinforcing its position as an emerging business and leisure hub of South Punjab.”
Saud Khan, Pakistan
Philippines
“Despite slower economic growth and higher costs, Metro Manila’s office market stays cautious, with demand focused on prime locations, while rising supply and tighter finances continue to influence leasing and rental trends.”
Dino Mari Palanca, Philippines
Singapore
“With global capital continuing to seek safe haven destinations, Singapore’s real estate investment sales market is poised to outperform last year’s levels.”
Alan Cheong, Singapore
South Korea
“Although investment activity moderated in Q1, resilient demand for core office and prime logistics assets is expected to keep investment sentiment firm through 2026.”
JoAnn Hong, South Korea
Taiwan
“Sustained export growth, robust semiconductor orders, and strong factory demand from the technology sector lifted commercial property transaction volumes to a quarterly high in Q1.”
Erin Ting, Taiwan
Thailand
“Thailand’s economy faces external pressures from energy shocks, while retail resilience and stable occupancy highlight underlying strength despite softer tourism and selective investment activity continued market.”
Saruntorn Nateethanasarn, Thailand
Vietnam
“Rising input costs and global energy volatility pose new macroeconomic challenges. However, Vietnam’s economy remains on a positive path, with industrial production expanding, and disbursed FDI continuing to increase.”
Su Ngoc Khuong, Vietnam
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