Q3 2024 Asia Pacific Cap Rate Survey

CBRE professionals in Asia Pacific note that investment activity in the region is strengthening as interest rate cuts commence.

Respondents say that risk appetite has increased slightly, and buying intentions have improved across almost all markets and investor types.

Core Grade A offices return to investors’ radar, with neighbourhood malls also attracting interest. Among alternatives, data centres are the most sought after by investors, while respondents have observed a big jump in interest for senior housing.

Continued cap rate expansion is expected across most markets in Asia Pacific, with cap rates in Australia showing signs of peaking, and Japan remaining stable. Core assets are expected to exhibit greater resilience over the next six months.