Asia Pacific Capital Tracker 2026 Outlook

• APAC Transaction Volumes: The APAC investment activity reached USD 40.3 billion in the fourth quarter of 2025, up 15% year-on-year. Full-year volumes climbed to USD 147.6 billion, a 12% increase from last year - the strongest year since 2021, closing out a period of steady market recovery.
• Economic fundamentals: Most markets benefited from improving conditions, with broad economic growth, and rate cutting cycles.
• Tariff relief: The easing of tariff concerns has helped support renewed investor sentiment.
• Improving liquidity: A resurgence in liquidity across the region signalled by the return of REIT debuts and IPOs
• M&A Activity: Operator acquisitions as investors seek entry into operational-heavy sectors at scale
• Thriving living: Buoyant living sector bolstered by PBSA and co-living sees record share of APAC CRE investment

As we look to 2026, JLL’s top picks highlight evolving sector opportunities across the region. Investors are paying close attention to prime offices in Singapore and Sydney, logistics hubs in South Korea and India, as well as multifamily in Japan and purpose-built student accommodation in Australia and Hong Kong. There is also growing interest in alternatives such as data centers and energy storage, as the search for long-term growth and diversification continues.

Asia Pacific real estate is positioned for new growth, and investors remain positive about the opportunities in the year ahead.