- May 1, 2022: Vol. 14, Number 5

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Homeward bound: The Asia Pacific multifamily sector is being built on solid ground, and its future growth promises a high ceiling

by Mard Naman

Like a well-built home, the multifamily sector provided shelter from the pandemic’s economic storms, weathering them with few disruptions and coming through relatively unscathed.

Further, the budding Asia Pacific multifamily sector is being built on a strong foundation of favourable demographic trends that make its future growth prospects bright. As a result, investors are increasingly looking beyond the region’s only established, liquid institutional multifamily sector, in Japan, to several other markets.

“The growth of multifamily rental housing is a global thematic driven by the intersection of growing resident demand and increasing institutional investor appetite,” says Adam Hirst, founder and CEO of Novus, who previously created Mirvac Group’s build-to-rent division, which was the first of its kind in Australia.

For investors, the resilient cashflows on offer from the multifamily sector, coupled with its track record of providing consistent inflat

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