2026 Message from the APREA Chairman
Dear APREA Members,
Last year, we marked an important chapter for APREA. We celebrated our 20th anniversary, while continuing to advance the work that defines APREA as an industry trade body. In 2025, we expanded our engagement into markets we had not previously explored in depth, including the Middle East and the Greater Bay Area (GBA), recognising that capital flows are becoming more interconnected. We also strengthened our advocacy for REITs in key markets such as India and China, convened global leaders through high-impact events in different cities, and deepened cross-border investment dialogues, reinforcing APREA’s role as a connector of capital, markets, and ideas in the Asia Pacific and beyond.
As 2026 begins, APAC’s real assets market is moving into a renewed phase of opportunities. Across the region, stabilising economic conditions, improving market sentiment, and greater policy clarity are supporting a rebound in investor confidence. While uncertainties will always be given, the region is demonstrating an ability to adapt, recalibrate, and position itself for long-term value creation, an environment in which real assets continue to play an important role.
The world has changed in fundamental ways. We are operating in a new economic reality shaped by AI, shifting supply chains, demographic transitions, and other megatrends. Climate considerations are now embedded in investment decision-making, and geopolitical developments continue to influence how and where capital is deployed. Yet amidst all of these changes, the Asia Pacific has shown notable resilience. Investors are returning with greater discipline, sharper focus on fundamentals, and a clearer view of risk and reward.
In this context, APREA will continue to evolve to meet the demands of a changing market. This year, we are focused on promoting cross-border investment connectivity, supporting our members with timely insights and opportunities that extend across different markets and sectors. Asia Pacific REITs staged a strong comeback in 2025, and we expect this momentum to build further in 2026. China’s capital markets are entering a new phase, with the China Securities Regulatory Commission (CSRC)’s draft rules for a pilot scheme of commercial REITs opening the door to new asset classes, such as office towers, hotels, and stadiums. These developments reflect increasing market depth and a broader role for real assets among institutional investors.
We are very optimistic about what lies ahead. In a complex and fast-changing world, we hope to bring clarity and leadership, turning insights into action and opportunities into lasting impact across the region.
To our esteemed members, partners, and stakeholders, thank you for your continued trust and support. As we look to the year ahead, let us move forward with confidence and work together to build a more connected and resilient real assets industry.
Warm regards,
John Lim
Chairman, APREA
Chairman, JL Family Office
尊敬的APREA会员：
去年，APREA迎来了重要的里程碑。在庆祝成立20周年的同时，我们持续推进作为行业交流组织的核心工作。2025年，我们将业务拓展至此前未曾深入探索的市场，包括中东和粤港澳大湾区（GBA)，认识到资本流动正变得日益互联。我们还在印度和中国等关键市场加强了对REITs的倡导，通过在全球多个城市举办高影响力活动，汇聚全球领袖，并深化跨境投资对话，巩固了APREA作为连接资本、市场与思想的桥梁作用。
随着2026年的到来，亚太地区的实物资产市场正迈入新的机遇阶段。区域内，经济条件趋于稳定，市场情绪改善，政策更加明朗，推动了投资者信心的回升。尽管不确定性始终存在，但该地区展现出适应、调整及把握长期价值创造方向的能力，在此背景下，实物资产继续发挥着重要作用。
世界正在发生根本性的变化。我们正处在一个由人工智能、供应链转移、人口结构变化等大趋势塑造的新经济现实中。气候因素已融入投资决策，地缘政治发展继续影响资本的流向与配置。然而，在这些变化中，亚太地区表现出了显著的韧性。投资者以更加审慎的态度回归，更加聚焦基本面，并对风险与回报有了更清晰的认识。
在此背景下，APREA将继续适应变化的市场要求。今年，我们致力于推动跨境投资互联互通，为会员提供及时的洞察与机会，覆盖不同市场与行业。亚太REITs在2025年强势复苏，我们预计这一势头将在2026年进一步加强。中国资本市场正进入新阶段，中国证监会（CSRC）关于商业REITs试点方案的草案，为办公楼、酒店和体育场等新资产类别敞开了大门。这些发展体现了市场深度的提升，以及实物资产在机构投资者中日益扩大的作用。
我们对未来充满信心。在复杂多变的世界中，我们希望提供清晰的方向与领导力，将洞察转化为行动，将机遇转化为区域内的持久影响。
感谢各位尊贵的会员、合作伙伴与利益相关方的持续信任与支持。展望未来，让我们满怀信心，携手共建一个更加互联、更具韧性的实物资产行业。
此致
John Lim
APREA主席
JL Family Office主席
