REITs in China and India’s markets showed robust growth in 2024 and are expected to continue to attract strong investor interest this year, according to Cushman & Wakefield’s Asia REIT Market Insight 2024–2025. The annual report revealed the Chinese mainland REIT market achieved an 85 percent increase in market value at the end of 2024 — surpassing Hong Kong and becoming one of the region’s top three REIT markets — attributable to new REIT product issuances and strong investor demand for infrastructure-backed assets. In the same period, India’s REIT market displayed robust growth in the office sector, driven by strong leasing demand for institutional-grade office space. Mature markets such as Japan, Singapore and Hong Kong moved towards stabilisation, underlining their long-term resilience.
Cushman & Wakefield’s data showed a total of 263 active REIT products in the Asia market as of 31 December 2024, with a combined market value of US$235.8 b
