資本市場

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.

Mumbai, April 23, 2026: Knight Frank, the leading independent global property consultancy today launched its landmark 20th edition of The Wealth Report 2026, which reveals a dramatic acceleration in global wealth creation despite substantial geopolitical uncertainty, concerns over rising interest rates and uneven economic performance. The world’s ultra-high-net-worth1 individual (UHNWI) population increased to 713,626 in 2026 adding 162,191 since 2021 when the population count was at 551,435 – adding an average of 89 new UHNWIs every day in the last five years.

Mumbai, April 23, 2026: Knight Frank, the leading independent global property consultancy today launched its landmark 20th edition of The Wealth Report which reveals a dramatic acceleration in global wealth creation despite substantial geopolitical uncertainty, concerns over rising interest rates and uneven economic performance. The world’s ultra-high-net-worth individual (UHNWI, USD 30m+) population increased by 162,191 between 2021 and 2026 – equivalent to 89 new UHNWIs every day – bringing the global total to 713,626.

Chennai, April 23, 2026: Knight Frank, the leading independent global property consultancy, in its landmark 20th edition of The Wealth Report 2026, highlighted that Chennai now accounts for 4.8% of India’s ultra-high-net-worth (UHNW) population. This marks a rise from 1.3% in 2015 to 4.8% in 2025. On a global scale, the ultra-high-net-worth individual (UHNWI) population (USD 30 mn+) grew by 162,191 between 2021 and 2026—adding the equivalent of 89 new UHNWIs every day. This takes the total global UHNW population to 713,626.

Bengaluru, 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 1mn, one can purchase just 16 square meters (sq m) of prime residential space, followed by Hong Kong (23 sq m) and Geneva (28 sq m).

This year’s edition of The Wealth Report reveals how private capital is adapting to a fractured geopolitical landscape, seeking agility, targeting value‑add opportunities and responding to significant shifts in real estate markets

キーポイント

• The “flight-to-quality” movement that was evident in the previous quarters seem to have tapered off, which was supported by the lack of new supply of premium office buildings and strong occupancies of existing buildings.
• According to data compiled by Savills, the vacancy rate for CBD Grade A offices dipped by 0.1 of a percentage point (ppt) quarter-on-quarter (QoQ) to 6.6% in Q1/2026. This was the second consecutive quarter of decline and the lowest since Q3/2024 when vacancy was at 6.1%.
• The limited supply pipeline and low vacancies of premium offices enabled landlords to have strong holding power and increase the asking rents. As such, average CBD Grade A office rents continued to rise for the eighth consecutive quarter by 0.6% QoQ to S$10.02 per sq ft in Q1/2026.
• Although geopolitical tensions remain high, the low vacancy levels and a low new supply environment is shoring up Grade A CBD office rents. Considering all these points, we have revised our rental forecast for 2026 upward, from 2% to a range of 3%–5% year-on-year (YoY) growth. Gross rents could receive additional upward support should energy costs rise further, and landlords pass these increases through to tenants.

アジア太平洋データセンター市場概要

アジア太平洋地域は急成長を続け、2025年中に約1,557MWの容量を稼動ストックに追加した。開発パイプラインも同期間に5,033MW増加した。稼働ストックの急増にもかかわらず、空室は2024年下半期の12.4%から2025年下半期には10.9%に減少したが、これはアジア太平洋地域のデジタルインフラに対する旺盛な需要を反映している。.

インドのフレックススペース市場は、同国の商業不動産史上最も劇的な変貌を遂げている。2017年の取引面積がわずか220万平方フィートというニッチなカテゴリーから、このセグメントは2025年には1,860万平方フィートに拡大し、8年間で8.4倍、年平均成長率は30%となり、同期間に9%で成長した広範なオフィス市場を大きく上回った。この構造的なアウトパフォームは、グローバル企業からアーリーステージの新興企業に至るまで、入居者がどのようにワークスペースを構想し、消費し、契約するかという根本的な再編を反映している。.

アジア太平洋地域投資インサイト-2026年3月報告書によると、2025年の投資額は前年比8%増の1,620億米ドルに達し、市場の透明性の向上、金融情勢の緩和、買い手の信頼感の回復に支えられた。.

主なハイライトは次のとおりです。

• 香港、シンガポール、インドではクロスボーダー投資家が再参入している。.
• 韓国、日本、シンガポールが販売量を牽引し、シンガポール（35%）とインド（29%）は年間成長率が最も高かった。.
• オフィスは引き続き優勢で、ロジスティクスは$301億米ドル、リテールはセンチメントの改善により15%上昇した。オルタナティ ブは依然として最も急成長しているセグメントである。.
• 投資家は「警戒から確信へ」とシフトしており、より選別的で質重視のアプローチが活動を形成している。.

金利が安定し、国境を越えた資本フローが徐々に回復していることから、2026年には勢いがさらに強まるだろう。.