APAC investment activity continues to recover, with Q2 turnover reaching US$46bn, up 18% y/y, although growth remains uneven. Mainland China and Hong Kong SAR accounted for much of the improvement from a low base, while Australia and Singapore were supported by large transactions. Cross-border capital remains a key driver, alongside more partner buyouts, minority stake sales and recapitalisations.

Sector momentum is similarly mixed. Living sector activity has softened, largely due to Japan, but there are a growing number of development deals linked not included in the data, as well as some of the entity-level deals currently under contract. Industrial and logistics activity is recovering despite uneven fundamentals, while office has seen eight consecutive quarters of growth, led by larger core transactions in Singapore, Japan and South Korea.

Read the full Asia Pacific report by downloading the PDF here.

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