ASIA-PACIFIC CONDOMINIUMS AND APARTMENTS MARKET Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Asia Pacific Condominiums and Apartments Market is Segmented By Country (China, Japan, India, ASEAN Countries, and the Rest of Asia-Pacific). The report offers market size and forecasts in value (USD billion) for all the above segments.

ASIA-PACIFIC CONDOMINIUMS AND APARTMENTS MARKET Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

APAC Condominiums & Apartments Market Size

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Asia-Pacific Condominiums and Apartments Market  - CAGR
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 7.80 %
Market Concentration Low

Major Players

Asia-Pacific Condominiums and Apartments Market  Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Asia-Pacific Condominiums and Apartments Market with other markets in Real Estate and Construction Industry

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APAC Condominiums & Apartments Market Analysis

The Asia-Pacific Condominiums and Apartments Market is expected to register a CAGR of greater than 7.8% during the forecast period.

  • According to JLL, the lower investment volume is due to "a variety of macroeconomic factors," such as fewer trades in major markets, the region's currencies appreciating against the US dollar, and aggressive tightening of the US interest rates. Despite ongoing macroeconomic challenges, inflationary concerns, and rising debt costs, investors remain broadly positive on the region's real estate. They intend to expand their footprint in the region in the medium to long term. In Singapore, investment volumes totalled USD 2.3 billion in Q3 2022, down from USD 3.6 billion in the previous quarter. JLL attributes the drop to lengthy negotiations on major office deals as a result of widening price disparities between buyers and sellers. On the other hand, the volume represents a 116% improvement Y-o-Y, coming off of a low base in Q3 2021.
  • For investors looking to invest in Asia-Pacific multifamily, the first port of call is invariably Japan, which has the region's most mature and largest market, attracting billions of dollars in investment each year. Australia is the only other country with a developing institutional-grade multifamily residential market. Other countries in the region have markets dominated by build-to-sell activities and limited availability of institutional products. Japan and Australia have the "most pronounced appetite" in Asia-Pacific for living products. China, South Korea, New Zealand, and India have less mature markets, with regulatory, development, and investment uncertainty weighing on activity. However, these markets have tremendous demographic trends, strong economies, and high demand for housing. The first movers may enjoy "considerable" benefits like capital appreciation returns.
  • Rentals for HDB flats and private apartments increased in August 2022, and the trend shows no signs of abating. According to flash figures released by property portals 99.co and SRX, HDB rents increased by 2.4% in August 2022, compared to 1.5% in July, with rents rising across all flat types in both mature and non-mature estates. Condominium rents increased by 3.2% in August 2022, compared to 1.7% the previous month, with central Singapore experiencing the fastest growth at 3.7%. One of the reasons is that rising rental rates are putting a financial strain on many young locals considering renting their place.
  • The 2022 ULI Asia Pacific Home Attainability Index examines home attainability in 28 cities across five Asia-Pacific countries, including Australia, China, Japan, Singapore, and South Korea. These countries have a combined population of about 1.8 billion or about 21% of the world's population. According to the median private home price to median annual household income ratio, Shenzhen, China, was deemed the least affordable, with more than 40 times the median income, followed by Hong Kong SAR, with more than 30 times, followed by Beijing and Shanghai. Shenzhen had the least amount of new housing stock among major Chinese cities over the last decade compared to population growth. Simultaneously, the city has a significant amount of informal housing, which means homes without legal titles that are not included in official private housing sector data and, thus, not included in the home attainability index. Informal housing stock, which is estimated to account for around 30% of total housing stock, is primarily used by migrants and low-income households.

APAC Condominiums & Apartments Industry Overview

The Asia-Pacific condominiums and apartments market is fragmented with the presence of a large number of local and regional players, as well as global players. The major players include the China Evergrande Group, Sunac China, New World Development Co. Ltd, Wheelock and Company, and DLF India. Local players can increase their presence by investing in affordable housing in the region, while global players are collaborating with other stakeholders of the industry to create more opportunities in the market.

APAC Condominiums & Apartments Market Leaders

  1. China Evergrande Group

  2. Sunac China

  3. New World Development Co. Ltd

  4. Wheelock and Company

  5. DLF India

  6. *Disclaimer: Major Players sorted in no particular order
Asia-Pacific Condominiums and Apartments Market  Concentration
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APAC Condominiums & Apartments Market News

  • October 2022: The USD 280 million Gold Coast condo development in Australia is a collaboration between Banda, a development and design studio founded by Princess Beatrice's husband, Edo Mapelli Mozzi, and Australian real estate expert Rory O'Brien. The new development will provide the most luxurious condos in the area. Banda Design Studio will create 28 units: 20 residences, five sky homes, two duplex sub-penthouses, and a super-penthouse.
  • March 2022: Goldman Sachs may collaborate with trading firm Sojitz to acquire and renovate older apartments that would otherwise go unnoticed by real estate investors. By the summer, they plan to form a joint venture to focus on rental housing in major Japanese cities. Properties that have been improved will be sold in batches to financial institutions and investment funds. The partners intend to invest JPY 40-50 billion (USD 323-405 million) in the company each year.

APAC Condominiums & Apartments Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

  • 2.1 Analysis Methodology
  • 2.2 Research Phases

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Current Market Scenario
  • 4.2 Residential Real Estate Buying Trends - Socioeconomic and Demographic Insights
  • 4.3 Government Initiatives and Regulatory Aspects Pertaining to the Residential Real Estate Sector
  • 4.4 Insights into the Size of Real Estate Lending and Loan-to-value Trends
  • 4.5 Insights into the Interest Rates for the General Economy and Real Estate Lending
  • 4.6 Insights into the Rental Yields in the Residential Real Estate Sector
  • 4.7 Insights into the Capital Market Penetration and REIT Presence in the Residential Real Estate Sector
  • 4.8 Insights into the Support Provided by the Government and Public-private Partnerships for Affordable Housing
  • 4.9 Insights into the Tech and Start-ups Active in the Real Estate Sector (Broking, Social Media, Facility Management, and Property Management)
  • 4.10 Impact of COVID-19 on the Market
  • 4.11 Market Dynamics
    • 4.11.1 Market Overview
    • 4.11.1.1 Drivers
    • 4.11.1.2 Restraints
    • 4.11.1.3 Opportunities
  • 4.12 Value Chain/Supply Chain Analysis
  • 4.13 Porter's Five Forces Analysis
    • 4.13.1 Threat of New Entrants
    • 4.13.2 Bargaining Power of Buyers/Consumers
    • 4.13.3 Bargaining Power of Suppliers
    • 4.13.4 Threat of Substitute Products
    • 4.13.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Country
    • 5.1.1 China
    • 5.1.2 Japan
    • 5.1.3 India
    • 5.1.4 ASEAN Countries
    • 5.1.5 Rest of Asia-Pacific

6. COMPETITIVE LANDSCAPE

  • 6.1 Overview
  • 6.2 Company Profiles
    • 6.2.1 China Evergrande Group
    • 6.2.2 Sunac China
    • 6.2.3 New World Development Co. Ltd
    • 6.2.4 Wheelock and Company
    • 6.2.5 DLF India
    • 6.2.6 Guangzhou R&F Properties Company
    • 6.2.7 Henderson Land Development Company Limited
    • 6.2.8 Mitsubishi Estate Company
    • 6.2.9 GLP
    • 6.2.10 Frasers Property
    • 6.2.11 Lodha Group
    • 6.2.12 e-Shang Redwood Group
    • 6.2.13 C C Land Holdings*
  • *List Not Exhaustive

7. FUTURE OF THE MARKET

8. APPENDIX

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APAC Condominiums & Apartments Industry Segmentation

An apartment is a private residence in a building or house divided into several separate dwellings. A condominium (also known as a "condo") is a large property complex made up of individual units, each of which is owned separately. Typically, ownership includes a nonexclusive interest in certain "community property" managed by the condominium management. The report includes a complete background analysis of the Asia-Pacific condominiums and apartments market, including the assessment of the economy and contribution of sectors in the economy, market overview, market size estimation for key segments, emerging trends in the market segments, market dynamics, and geographical trends, and COVID-19 impact.

The Asia Pacific Condominiums and Apartments Market is Segmented By Country (China, Japan, India, ASEAN Countries, and the Rest of Asia-Pacific). The report offers market size and forecasts in value (USD billion) for all the above segments.

By Country China
Japan
India
ASEAN Countries
Rest of Asia-Pacific
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APAC Condominiums & Apartments Market Research FAQs

What is the current Asia-Pacific Condominiums and Apartments Market size?

The Asia-Pacific Condominiums and Apartments Market is projected to register a CAGR of greater than 7.8% during the forecast period (2025-2030)

Who are the key players in Asia-Pacific Condominiums and Apartments Market?

China Evergrande Group, Sunac China, New World Development Co. Ltd, Wheelock and Company and DLF India are the major companies operating in the Asia-Pacific Condominiums and Apartments Market.

What years does this Asia-Pacific Condominiums and Apartments Market cover?

The report covers the Asia-Pacific Condominiums and Apartments Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Asia-Pacific Condominiums and Apartments Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Asia-Pacific Condominiums and Apartments Industry Report

Statistics for the 2025 Asia-Pacific Condominiums and Apartments market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Condominiums and Apartments analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.