Few things are more important than a roof over your head. Yet finding affordable housing is an increasingly large global problem, and it is particularly acute in Asia Pacific. With buying a home increasingly out of reach, more people are renting and for longer periods of time. With chronic undersupply of housing in many major markets, it is no surprise institutional investors are finding the living sector so attractive.
Emerging Trends in Real Estate Asia Pacific 2025, a publication of PwC and the Urban Land Institute, cites multifamily (along with data centers) as the most sought-after asset class in Asia Pacific, as weak economies and high home prices and interest rates increase incentives to rent rather than buy. As the percent of renters continues to grow steadily, attitudes about the positives of renting have also changed, particularly among younger people. In Japan and South Korea, more than half of households are now renters.
In most Asia Pacific market
