Asia Pacific Investment Trends Q4 2024

The traditional sectors of office, retail and logistics accounted for the bulk of investment activity in Singapore in 2024. While there have been some significant transactions in the office and retail sectors, the uncertain rental outlook has seen investors remain non-aggressive towards pricing. Although investors remain cognisant of risks related to geopolitics and elevated construction costs and are incorporating these concerns into investment decisions, their main worry is the pace and magnitude of interest rate cuts.
Investment activity in India remains upbeat as international capital continues to seek exposure. Office deals dominated in the first three quarters of the year, with institutional buyers from North America and Singaporean groups active. This was followed by a strong uptick in retail and industrial interest towards the end of 2024. CBRE expects 2025 to be a busy year for investment as established investors increase their presence in India and new capital chases different asset classes, with offices their main target.
In Korea, investment volume remains robust despite concerns about liquidity. Purchasing activity has picked up in recent months with investment volume reaching KRW 7 trillion in Q3 2024, the highest quarterly total since 2022. Expectations are growing for a logistics market recovery amid a drop in new supply, with a rise in core and core plus deals possible in the coming year.

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