APREA Logo

Thought Leadership

KEY TAKEAWAYS

  • The number of units launched moderated in Q1/2026, contracting nearly 30.0% quarter-on-quarter (QoQ) to 1,844 units. This brought new sales to decline by 31.5% QoQ to 2,013 units.
  • Secondary sales slowed by 9.6% QoQ to 3,400 units in Q1/2026. This may be due to fewer new home completions, uncertainty in interest rate direction and homebuyers turning to the new sales market.
  • Total non-landed residential sales declined, with transactions by Singaporeans and Singapore permanent residents (PRs) recording doubledigit decreases. On the other hand, purchases by foreigners rebounded with a 7.2% growth to 89 units.
  • For Savills’ basket of luxury nonlanded private residential projects, prices inched up 0.2% QoQ to S$2,644 per sq ft in Q1/2026.
  • Much of the island has already experienced price resets during the 2024–2025 period. As such, it may take one to two years before another broad-based price re-benchmarking occurs. We therefore maintain our forecast for private residential prices to increase by approximately 3% in 2026

  • China’s commercial REIT market is entering a new phase of growth, driven by policy support, expanding asset classes, and increasing emphasis on institutional-grade asset management and value creation.
  • A multi-level REIT ecosystem is taking shape, with institutional and private REITs playing a critical role in capital recycling, operational enhancement, and the maturation of income-generating assets.
  • China’s real estate investment landscape is undergoing a structural reset, with domestic capital, selective deployment strategies, and REIT-based exit pathways becoming increasingly central to market recovery and long-term resilience.
  • High-growth sectors such as data centres, renewable energy, and experience-led retail are reshaping China’s real assets market, supported by technology adoption, evolving consumer behaviour, and the transition toward cleaner energy infrastructure.
  • The C-REIT ecosystem is evolving toward a more operationally driven and institutionally scaled model, with opportunities emerging from distressed assets, urban renewal, and professional asset management. 

Key Highlights:

  • India is gaining importance in global portfolios, supported by strong fundamentals and improving institutional frameworks, though execution and scalability remain key considerations.
  • Office demand remains robust, anchored by GCC expansion, with a clear shift toward high-quality, future-ready assets and emerging sectors such as data centres and flexible workspaces.
  • The investment landscape in India offers a compelling growth and yield proposition, with private credit and expanding domestic capital strengthening market depth and capital deployment.
  • Infrastructure is evolving into scalable, yield-generating platforms, supported by policy continuity, monetisation strategies, and increasing domestic capital participation.
  • REITs and InvITs are accelerating institutionalisation in India by improving liquidity, transparency, and enabling capital recycling, with significant room for expansion.
  • India’s retail sector is entering a new growth phase, driven by rising consumption and a shift toward experience-led, mixed-use developments.

KEY TAKEAWAYS

  • Talent access is the defining driver of location strategy, cited by 78% of respondents. Employment and real estate costs follow as critical considerations.
  • Global talent hubs remain dominant. San Francisco and New York top Savills A&E Talent Index, with London, Zurich and Singapore also ranking strongly for depth and quality of expertise.
  • Cost-competitive alternatives are gaining appeal. Markets such as Dallas and Oslo offer access to specialist talent with lower overall employment and occupancy costs.
  • Space requirements remain under review. 39% of firms are maintaining square footage, 35% are consolidating and 25% are expanding.

Strong tourism inflows and new infrastructure development boost hotel performance in VietnamMumbai 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.

Here are the key takeaways from the recent APREA Singapore Conference, where industry leaders and experts explored market trends, capital flows, and emerging opportunities in real assets. While the discussions acknowledged near-term uncertainties, the overarching sentiment focused on positioning for the next phase of growth. These highlights capture the core themes currently shaping investment strategies across the region.