Market performance and appetite
10.1bn
Rest of
Asia Pacific
Investment recovery timing for most markets is pushed back due to limited risk appetite and delayed rate cuts.
Mainland China
6.4bn
Japan
7.4bn
2024 Q1 Inv. Volume
-4% q-o-q | -14% y-o-y
Total USD 24bn
Investor preferences
Flight-to-quality demand continues
Hotel and residential
gain interest on cyclical and structural tailwinds.
APAC cap rate
expansion continues
Cap rates in
Australia
Japan
to expand
further
to remain
stable
More pronounced expansions to be among secondary assets over next six months.
Optimal buying window will open in H2 2024
Interest rates have peaked in most APAC economies.
Investors should aim to complete acquisitions before rate cuts.
