APAC REIT Market Size
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 309.06 Billion |
| Market Size (2029) | USD 424.23 Billion |
| CAGR (2024 - 2029) | 8.24 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC REIT Market Analysis
The APAC REIT Industry is expected to grow from USD 309.06 billion in 2024 to USD 424.23 billion by 2029, at a CAGR of 8.24% during the forecast period (2024-2029).
Asia-Pacific real estate investment trusts have become increasingly popular with investors. Asia-Pacific REITs are offering unique, diversified opportunities set across real-estate segments, from established Grade-A office space located in the region’s bustling cities to cutting-edge logistical facilities and the growing number of data centers that power cloud applications.
The choice for global REIT investors is limited to Australia, Japan, Singapore, and Hong Kong despite the fact that there are many countries in the region to incorporate the REIT approach. Yet, only one or a few listings are seen. And that is ironic, given Asia-Pacific represents such a sizeable chunk of the global real estate market. REITs are getting bigger in terms of market capital, while developers are getting smaller. It is important to note that the Asia-Pacific REIT universe has expanded over the past decade since Singapore, Japan, and Hong Kong began rolling out regulations.
With newly emerging markets joining the world of listed REITs, global investors have more choices of where to invest. More Asian countries are planning to roll out their versions of REITs in the coming months after taking more than a decade to finally embrace the concept of securitizing real estate.
APAC REIT Market Trends
Growth in Disposable Income is Driving the Market
The economies of many countries in the Asia-Pacific area, including China, India, Japan, South Korea, and numerous Southeast Asian countries, have been growing rapidly. Higher levels of disposable income for people and households are a result of this expansion. A sizable middle class has grown in the Asia-Pacific region. As more people escape poverty, their disposable income rises, boosting consumer spending and stimulating the economy.
The REIT business is also benefiting from this rise in disposable income. People have an inclination to make investments. People are expressing interest in investing in the REIT market because it is expanding favorably year over year.
Japan is Dominating the Asia-Pacific REIT Industry
Japan has the largest REIT market in Asia-Pacific, with 61 J-REITs listed on the S&P ASX 300 REITs index. The Japanese real estate investment trust market was established in 2001 and is one of the largest in the world. Japanese trusts are small, but their total market capitalization ensures that J-REITs have the largest weighting in Asian REITs indices. Nippon Building Fund Inc. was the real estate investment trust with the largest market cap in Japan. Although Australia has the most established and the second-largest market in the region, the number of A-REITs is shrinking because of ongoing mergers and acquisitions. Singapore ranks as the third-largest REIT market in Asia-Pacific.
APAC REIT Industry Overview
The Asia-Pacific REIT market is fragmented in nature. In terms of market share, few of the major players currently dominate the market studied. However, the demand is driven by consumer income. Large companies compete through volume purchasing and effective merchandising and marketing. The report covers the major players operating in the Asia-Pacific REIT industry. Some of the major players include Link REIT, Dexus, Stockland, Mirvac, and GPT, among others.
APAC REIT Market Leaders
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Link REIT
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Dexus
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StockLand
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Mirvac
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GPT
*Disclaimer: Major Players sorted in no particular order
APAC REIT Market News
- May 2023: Brookfield India Real Estate Investment Trust (REIT) and Singapore’s sovereign wealth fund GIC set up a strategic platform to acquire two large commercial assets totaling 6.5 million sq ft from Brookfield Asset Management’s private real estate funds in an equal partnership. The acquisition includes commercial properties in Brookfield’s Downtown Powai, Mumbai, and Candor TechSpace, Sector 48, Gurugram, for a combined enterprise value of around USD 1.4 billion.
- March 2023: Sabana Industrial REIT entered into agreements with Keppel EaaS, a wholly-owned subsidiary of Keppel Infrastructure, to implement sustainability solutions and initiatives across the REIT’s selected portfolio properties.
APAC REIT Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Urbanization is Driving the Market
4.3 Market Restraints
4.3.1 Interest Rate Volatilities are Restraining the Market
4.4 Market Opportunities
4.4.1 Growing E-Commerce will Create Opportunities for New Entrants
4.5 Industry Value Chain Analysis
4.6 Insights on Regulatory Changes Shaping the Market
4.7 Industry Attractiveness: Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Buyers/Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitute Products
4.7.5 Intensity of Competitive Rivalry
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Industrial
5.1.2 Commercial
5.1.3 Residential
5.2 By Application
5.2.1 Warehouses and communication centers
5.2.2 Self-storage facilities and data centers
5.2.3 Other Applications
5.3 By Geography
5.3.1 China
5.3.2 Australia
5.3.3 Japan
5.3.4 India
5.3.5 Singapore
5.3.6 South Korea
5.3.7 Malaysia
5.3.8 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Link REIT
6.2.2 Goodman Group
6.2.3 Scentre Group
6.2.4 Dexus
6.2.5 Nippon Building Fund
6.2.6 Mirvac
6.2.7 Japan RE Investment Corporation
6.2.8 GPT
6.2.9 Stockland
6.2.10 Capital Land Mall Trust
6.2.11 Ascendas REIT
6.2.12 Japan Retail Fund*
- *List Not Exhaustive
7. MARKET FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
APAC REIT Industry Segmentation
A real estate investment trust (REIT) is a publicly traded company that owns, operates, or finances income-producing properties. An understanding of the Asia Pacific REIT industry, regulatory environment, REITs, and their business models, along with detailed market segmentation, product types, revenues and dividends, current market trends, changes in market dynamics, and growth opportunities, are covered in the report. An in-depth analysis of the market size and forecast for the various segments is also provided in the report.
The Asia-Pacific REIT industry is segmented by type, application, and country. By type, the market is segmented as industrial, residential, and commercial. By application, the market is segmented as warehouses and communication centers, self-storage facilities, and data centers, among others. By country, the market is segmented as China, Australia, Japan, India, Singapore, South Korea, Malaysia, and the rest of Asia-Pacific.
The report offers market size and forecasts for the Asia-Pacific REIT industry in value (USD) for all the above segments.
| By Type | |
| Industrial | |
| Commercial | |
| Residential |
| By Application | |
| Warehouses and communication centers | |
| Self-storage facilities and data centers | |
| Other Applications |
| By Geography | |
| China | |
| Australia | |
| Japan | |
| India | |
| Singapore | |
| South Korea | |
| Malaysia | |
| Rest of Asia-Pacific |
APAC REIT Market Research FAQs
How big is the APAC REIT Industry?
The APAC REIT Industry size is expected to reach USD 309.06 billion in 2024 and grow at a CAGR of 8.24% to reach USD 424.23 billion by 2029.
What is the current APAC REIT Industry size?
In 2024, the APAC REIT Industry size is expected to reach USD 309.06 billion.
Who are the key players in APAC REIT Industry?
Link REIT, Dexus, StockLand, Mirvac and GPT are the major companies operating in the APAC REIT Industry.
What years does this APAC REIT Industry cover, and what was the market size in 2023?
In 2023, the APAC REIT Industry size was estimated at USD 283.59 billion. The report covers the APAC REIT Industry historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the APAC REIT Industry size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
APAC REIT Industry Report
Statistics for the 2024 APAC REIT market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. APAC REIT analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
