Investment in Asia Pacific multifamily properties to double by 2030: JLL

Annual investment volume in multifamily residential in Asia Pacific is expected to more than double in size by 2030, with investments to potentially cross $20 billion by the end of the decade. Driven by factors including urbanization, high renter population and stretched housing affordability, multifamily residential will transition from a peripheral to a major asset class by the beginning of the next decade, according to JLL.

In the first three quarters of 2023, multifamily investment volumes in Asia Pacific have outperformed the broader market. During the first nine months of 2023, investments in the sector reached $5 billion — increasing by 12 percent year-on-year despite a 24 percent decline in total real estate investment volumes in the region over the same period. The rise in multifamily transaction activity was led by Japan, the most well-established market in the region, followed closely behind by the China multifamily and Australia build-to-rent (BTR) markets t