Cushman & Wakefield’s data showed a total of 263 active REIT products in the Asia market as of Dec 31, 2024, with a combined market value of US$235.8 billion, reflecting a y-o-y decline of 6.5%. The contraction was primarily driven by declines in the US dollar values of the Japan, Singapore and Hong Kong markets due to the widespread softening in REIT stock prices and unfavorable exchange rate movements.
China and India’s REIT markets showed robust growth in 2024 and are expected to continue to attract strong investor interest this year, according to Cushman & Wakefield’s "Asia REIT Market Insight 2024-2025" report.
The annual report revealed that the C-REIT market achieved a remarkable 85% increase in market value at the end of 2024, surpassing Hong Kong and becoming one of the region’s top three REIT markets. In the same period, India’s REIT market demonstrated robust growth in the office sector, driven by strong leasing demand for institutional-grade office space.
