Despite considerable disparities in markets and sectors across the Asia Pacific region, real estate professionals expressed cautious optimism for 2026, according to Emerging Trends in Real Estate Asia Pacific 2026, published jointly by PwC and the Urban Land Institute (ULI).
Tokyo was ranked as the top city for investment in the survey for the third year running, followed by Singapore, Sydney, Osaka and Seoul (see table below). Investors and managers interviewed for the report expressed a strong preference for cities with stable economies, low vacancy in key sectors and market liquidity (see “Top 10 key trends” table, page 9).
However, global and regional investors remain reluctant to invest in C
