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Strong tourism inflows and new infrastructure development boost hotel performance in Vietnam; Mumbai outperforms other Indian cities thanks to solid corporate, MICE and domestic demand; Hotel pricing in Goa moderates despite strong performance throughout peak season.
Renewal rates remain high in Australia amid tight availability of super prime space; Solid domestic consumption and flight to quality drive expansionary demand in Japan; Expansionary demand in Vietnam ensures occupancy remains high despite elevated supply.
Leasing sentiment in Mainland China strengthens on expansionary demand from local and international retailers; Market polarisation seen in Korea amid strong inbound demand and flat domestic consumption; Retailer demand in Vietnam strengthens but absence of new CBD supply remains bottleneck.
Domestic capital drives office investment activity in Korea, and competition for logistics assets remains strong; Interest rate hikes in Australia see investors turn from cautiously optimistic to wait-and-see mode; In Hong Kong, market sentiment improves modestly as HIBOR falls; living sector underpins investment activity.
Leasing volume in India reaches record high amid robust demand from Global Capability Centres; Occupiers in Japan prioritise core locations to attract talent amid scarce availability and rising rents; Solid demand pushes down Singapore CBD vacancy to record low despite cautious global outlook.
April 23, 2026: – Knight Frank, the leading independent global property consultancy today launched its landmark 20th edition of The Wealth Report. According to Knight Frank’s Prime International Residential Index (PIRI) Tracker: How much prime property does USD 1mn buy? Monaco retains its position as the world’s most expensive prime residential city in 2025, where with USD 1 mn can buy just 16 square meters (sq m) of prime residential space, followed by Hong Kong (23 sq m) and Geneva (28 sq m). In comparison to that, in Mumbai USD 1 would be sufficient to purchase 96 sq m of prime residential real estate in 2025, dearer by 3% YoY from 99 sq m in 2024. In Delhi, one can purchase 205 sq m, also registering an increase in prices of 1.4% YoY from 208 sq m in 2024. Prime residential purchase in Bengaluru has risen the highest in this context by approximately 3.5% YoY from 370 sq m in 2024 to 357 sq m in 2025.
Hyderabad, April 23, 2026: Knight Frank, the leading independent global property consultancy today launched its landmark 20th edition of The Wealth Report. According to Knight Frank’s PRIME INTERNATIONAL RESIDENTIAL INDEX (PIRI) Tracker: How much prime property does USD 1mn buy? Monaco retains its position as the world’s most expensive prime residential city in 2025, where with USD1 mn, one can purchase just 16 sq m of prime residential space, followed by Hong Kong (23 sq m) and Geneva (28 sq m).
Mumbai, April 23, 2026: Knight Frank, the leading independent global property consultancy, has unveiled the 20th edition of The Wealth Report 2026, reaffirming Mumbai’s position as the epicentre of India’s ultra-high-net-worth (UHNW) population. The city accounts for 35.4% of India’s ultrawealthy, underscoring its continued leadership in wealth concentration and luxury real estate demand.
23rd April 2026 – Knight Frank, the leading independent global property consultancy today launched its landmark 20th edition of The Wealth Report which reveals The Knight Frank Luxury Investment Index (KFLII) recorded a marginal -0.4% decline in 2025, signalling stabilisation after two years of broad correction across several collectible categories. Strength returned to segments focused on rarity, cultural significance and exceptional provenance, reflecting a more disciplined and selective global collector base.
Kemmu Kawai joined Longevity Partners Japan in September 2022 as the Country Director. Based in Tokyo, he oversees all operations and activities in Japan, the Asia-Pacific region and beyond. He brings him more than 16 years of experience in finance where he specialised in real estate and credit investments. Before joining Longevity Partners, he served as a Portfolio Manager at Norinchukin Bank and as Investment Manager at Center Point Development.
Kemmu Kawai
Managing Director
Longevity Partners
