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

主要心得

• 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.

亞太地區數據中心市場概覽

亞太地區持續大幅成長，在 2025 年間增加了約 1,557MW 的營運容量。同期，開發管道也增加了 5,033 兆瓦。儘管營運存量大幅增加，但空置率卻從 2024 年下半年的 12.4% 下降至 2025 年下半年的 10.9%，反映出亞太地區對數位基礎設施的強勁需求。.

印度的彈性空間市場經歷了印度商業房地產史上最巨大的轉變之一。從 2017 年僅佔 220 萬平方英尺交易量的利基類別，到 2025 年已擴展至 1860 萬平方英尺，八年間增長了 8.4 倍，年均複合增長率達 30%，遠遠超過同期增長率為 9% 的辦公樓市場。這種結構性的優異表現反映出從全球性企業到早期創業公司的佔用者對工作空間的構想、消費和簽約方式出現了根本性的調整。.

亞太地區投資透視 - 2026 年 3 月」報告指出，2025 年投資額達 $1,620 億美元，較去年同期成長 81TP3，主要受惠於市場明朗度提升、金融環境放寬以及買家信心重拾。.

主要亮點包括：

• 國內資本仍然是本區域的支柱，跨境投資者則重新投入香港、新加坡和印度。.
• 韓國、日本和新加坡的產量領先，而新加坡 (35%) 和印度 (29%) 則錄得最強勁的年度成長。.
• 寫字樓繼續佔據主導地位，物流業創下 $301 億美元的業績，而零售業因景氣改善而上升 15%。另類投資仍是成長最快的部分。.
• 投資者正在「從謹慎轉向堅定」，以更有選擇性、更優質的方式來影響投資活動。.

隨著利率回穩以及跨境資金流動逐漸復甦，2026 年的動力將進一步加強。.