Australia

“The stabilisation of asset values will support an increase in investment activity, resulting in a return to capital growth in 2025, which will intensify the pressure to deploy capital.”? –Katy Dean, Australia

China

“A mixed outlook remains in place for the real estate market. While retail is driven by policy support, the office and residential sectors still face challenges.”? – James Macdonald, China

Hong Kong

“End users are boosting an otherwise subdued investment market with more distressed stock likely to become available in 2025.”? –Jack Tong, Hong Kong

India

“Despite global economic uncertainties, India persists as a favoured investment destination. The industrial, logistics and office sectors are leading the way, collectively capturing 83% of real estate investment in 2024. ”? –Arvind Nandan, India

Japan

“While heightened interest rates and uncertainty surrounding future rate changes have led some investors to adopt a wait-and-see approach, renewed optimism about rental growth is paving the way for increased market dynamism heading into 2025.”? –Tetsuya Kaneko, Japan

Pakistan

“Lahore’s retail market is experiencing growth driven by urbanization, evolving consumer preferences, and the rise of modern, international-standard developments. Demand for quality retail spaces continues to strengthen, positioning Lahore as a hub for both retailers and investors.”? –Saud Khan, Pakistan

Philippines

“Delayed office construction, hybrid work, and POGO departures are creating a challenging environment for the Metro Manila office market, characterized by negative absorption, declining rentals, and increasing vacancy rates.”? –Joshua De Las Alas, Philippines

Macau

“The one-trip-per-week and multiple-entry measures are expected to boost Macau's economy, complementing 2024’s rising residential transactions and investor yields, driven by policy changes, rate cuts, and strong demand.”? –Franco Liu, Macau

Malaysia

“Despite nearly US$1 billion worth of “other” real estate transactions during Q4/2024, the biggest news during the period was the acquisition by KLCC Properties of the 486 acre city site for Bandar Malaysia, KL’s much-anticipated sustainable city development. ”? –Nabeel Hussain, Malaysia

Singapore

“Although investment sales activity is expected to continue to increase in 2025, revised expectations that interest rates may now fall more gradually may moderate growth.”? –Alan Cheong, Singapore

South Korea

“The office and logistics markets in 2024 saw a slight increase in investment activity compared to 2023. However, more recently economic headwinds have prompted investors to adopt a more cautious stance in light of softer occupier demand.”? – JoAnn Hong, South Korea

Taiwan

“The AI boom is fueling Taiwan's commercial property markets helping annual transaction volumes rise by 14% YoY, their second highest level in the past decade.”? – Erin Ting, Taiwan

Thailand

“Thailand’s growing appeal as an investment hub is being driven by a recovering tourism industry, strong hotel and industrial activity, and advances in data centre developments, attracting both domestic and international investors.”? –Kunvara Boonsuk, Thailand

Vietnam

“In 2024, Viet Nam's economy performed well, with inflation under 4% and a strong performance in production, exports, and FDI inflows, helping the country to achieve a 7.09% GDP growth rate. - Troy Griffiths, Vietnam