This in-depth report offers a comprehensive analysis of the five largest REIT markets in Asia: Japan; Singapore; Hong Kong, China (“Hong Kong”); the Chinese mainland; and India.
Key Highlights:
- In 2023, the India REIT market saw the steepest rise in total market value, up 31% year-on-year.
- Singapore’s REIT market expanded by 4%, with an average total return of 7.0%.
- Combined value of the Asia REIT market stood at US$252 billion, dominated by Japan, Singapore, and Hong Kong.
- The industrial / logistics and multifamily REITs, displayed superior risk resilience, while data center and healthcare sectors continued strong performance.
- New policy initiatives in the Chinese mainland led to the issuance of seven new REIT products in the first four months of 2024.
- India’s combined office REITs portfolio is projected to reach 180 million sq ft by 2025, with Nexus Select Trust planning to double its portfolio size over the next five years.
