APREA 徽标

思想引领

主要亮点:

  • 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.

主要收获

  • 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 越南孟买 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 澳大利亚 amid tight availability of super prime space; Solid domestic consumption and flight to quality drive expansionary demand in 日本; Expansionary demand in 越南 ensures occupancy remains high despite elevated supply.

Leasing sentiment in 中国大陆 strengthens on expansionary demand from local and international retailers; Market polarisation seen in 韩国 amid strong inbound demand and flat domestic consumption; Retailer demand in 越南 strengthens but absence of new CBD supply remains bottleneck.

Domestic capital drives office investment activity in 韩国, and competition for logistics assets remains strong; Interest rate hikes in 澳大利亚 see investors turn from cautiously optimistic to wait-and-see mode; In 香港, market sentiment improves modestly as HIBOR falls; living sector underpins investment activity.

Leasing volume in 印度 reaches record high amid robust demand from Global Capability Centres; Occupiers in 日本 prioritise core locations to attract talent amid scarce availability and rising rents; Solid demand pushes down 新加坡 CBD vacancy to record low despite cautious global outlook.

在最近举行的亚太房地产协会新加坡会议上,行业领袖和专家们探讨了房地产资产的市场趋势、资本流动和新兴机遇。虽然讨论承认近期存在不确定性,但总体情绪集中在为下一阶段的增长定位。这些要点捕捉到了目前影响整个地区投资战略的核心主题。.

2026年亚太地区办公楼市场有望保持稳步增长势头。在包括澳大利亚、中国大陆、香港、印度、印度尼西亚、日本、新西兰、菲律宾、新加坡、韩国和台湾在内的亚太主要市场,供需基本同步,租户重新活跃起来,竞争也开始加剧,尤其是在优质物业领域。随着部分地区空置率的收紧,市场对办公楼质量的关注度日益提升。.

主要见解:

  • 预计到 2025 年,亚太地区 11 个市场的办公租赁需求将增长 11%,其中印度、中国大陆和日本将引领增长 90%。.
  • 办公用品供应量增加 19%,11 个主要市场中有 8 个报告增长,其中 82% 的增长主要来自印度、中国大陆和新加坡。.
  • 亚太地区九个市场的办公楼投资活动同比增长 21%,其中韩国和日本引领增长。.
  • 预计 2026 年上半年需求将保持稳定增长,从而可能导致优质资产空置率收紧,以及部分市场租金上涨。.

主要收获

  • 2025 年第四季度的推盘量环比下降 37.2%,降至 2,632 套,新房销售量环比下降 10.6%,降至 2,940 套。.
  • 在经历了连续两个季度的增长之后,2025 年第四季度的二手车销量环比下降了 8.7%,降至 3,759 台。.
  • 新加坡人的非有地住宅销售总量环比下降了 15.51 个百分点,降至 4,900 个单位,而新加坡永久居民(PR)的销售量环比温和收缩了 1.51 个百分点,降至 929 个单位。.
  • 在第一太平戴维斯的一篮子非土地私人豪宅项目中,2025年第四季度的价格继续环比上涨0.51TP3,达到每平方英尺$2,640。.
  • 在 2022 年年中左右开始的全岛范围内的重大价格重定之后,可能还需要一到两年的时间才能再次出现更广泛的、全市场范围内的重新定价。2026 年,我们可能会在中部其他地区(RCR)和中部核心地区(CCR)看到一些重新定价的情况,因为中部其他地区的部分推盘预计会出现价格与中部核心地区重叠的情况。总体而言,我们预计 2026 年私人住宅价格将上涨约 3%。.