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In APREA’s Real Assets, Real People, we talk to a leader in the real assets industry to gain insights on their experiences and strategies for success.

Here’s Anshul Singhal,Managing Director of Welspun One

Stay ahead of the curve with APREA’s exclusive monthly update tracking the performance of China REITs.

APREA C-REITs Roundup provides the latest info and developments in C-REITs. Available for APREA members only, this important resource is your key to navigating the landscape of C-REITs.

Stay ahead of the curve with APREA’s exclusive monthly update tracking the performance of China REITs.

APREA C-REITs Roundup provides the latest info and developments in C-REITs. Available for APREA members only, this important resource is your key to navigating the landscape of C-REITs.

Stay ahead of the curve with APREA’s exclusive monthly update tracking the performance of China REITs.

APREA C-REITs Roundup provides the latest info and developments in C-REITs. Available for APREA members only, this important resource is your key to navigating the landscape of C-REITs.

Stay ahead of the curve with APREA’s exclusive monthly update tracking the performance of China REITs.

APREA C-REITs Roundup provides the latest info and developments in C-REITs. Available for APREA members only, this important resource is your key to navigating the landscape of C-REITs.

Stay ahead of the curve with APREA’s exclusive monthly update tracking the performance of China REITs.

APREA C-REITs Roundup provides the latest info and developments in C-REITs. Available for APREA members only, this important resource is your key to navigating the landscape of C-REITs.

Amidst the resurgence of tariffs, investors are now recalibrating strategies to favour supply chain resilience and markets with policy stability, notably Japan, Australia, and India. While sectors such as high-spec logistics, R&D infrastructure, and alternatives continue to attract interest, regions heavily dependent on U.S. trade remain vulnerable to shifting policies.

This trend marks a broader strategic pivot from global efficiency toward regional resilience, with capital increasingly aligned to adaptable asset classes and diversified portfolios.

CBRE conducts the Asia Pacific Cap Rate Survey with our capital markets brokers and valuers every six months to obtain insights into current capital markets trends and sentiment along with the latest cap rate movements across individual markets and sectors. This report summarises the survey’s key findings.

Below are the key highlights:

  • Commercial real estate investment got off to a strong start this year, rising 11% year-on-year to US$33 billion in Q1 2025 on the back of declining interest rates and asset repricing.
  • Bifurcation in cap rates was observed across the region. Australia’s shopping malls experienced cap rate compression, while cap rates in Greater China continue to experience expansion pressure.
  • In response to tariffs, some 60% of respondents expect investors to reassess the pace of purchasing activity. Mainland China, Hong Kong, and Singapore investors were extremely concerned about the impact of tariffs, while those in Korea, Australia, India, and Japan were somewhat concerned.
  • Private (28%) and institutional (12%) investors continued to display the strongest buying intentions. Buying intentions for REITs and real estate funds strengthened from six months previously.
  • Net buying intentions were highest in New Zealand (77%) and Australia (48%). Japan attracted the strongest interest from cross-border investors.
  • Elevated yields / favourable pricing (63%), potential for rental uplift (44%) and healthy or improving occupancy/rent roll stability (36%) were named as the top three opportunities to improve investment returns.
  • Interest in multifamily & build to rent increased significantly (44% vs. 34%) from six months ago, with Japan, Greater China and Australia the main markets of interest. Demand for neighbourhood shopping malls (24% vs. 12%) also picked up from the Q3 2024 survey.
  • Data centres (63%) were the clear favourite among alternatives.

The Asia Pacific (APAC) real estate sector continues to exhibit moderate growth accompanied by notable progress in the housing segment, industrial and commercial market and sustainable real estate transformation. Strategic improvements in construction practices have also positioned this sector as a key driver of transformation, simultaneously shaping the evolution of real estate projects across the region.

The APAC real estate sector is progressively adopting eco-friendly innovations mainly through investments in renewable energy projects and sustainable urban development. This shift is evident in the evolving real estate regulations within the region for the last three months (December 2024 – February 2025). Countries such as Australia and Singapore have implemented policies and initiatives to foster the adoption of green energy, enhancing the growth and environmental responsibility of their real estate markets. Additionally, the region saw notable growth in commercial and industrial real estate, supported by fundings and redevelopment plans for business and commercial projects.

Aligned with these strategic advancements, APAC economies, including Australia, Singapore, China, Hong Kong, Japan and India, present promising opportunities for investors, driven by regulatory reforms designed to attract various asset classes and types. These nations are expected to play a significant role in directing regional investments and promoting growth in the coming months.