After two months of strong momentum, the surge in Asia Pacific listed real estate came to an abrupt halt as the sector suffered a sharp correction in March 2026. As a result, Asia Pacific real estate securities finished the first quarter 4.43 percent lower, according to the GPR/APREA Composite Index. The first quarter of 2026 saw Asia Pacific real estate securities underperforming general equities (0.07 percent).
Looking at quarterly total return performance by country, the realised returns were predominantly negative, with only Hong Kong (10.47 percent), Malaysia (4.50 percent) and Thailand (2.12 percent) advancing. India (–20.58 percent), Australia (–13.91 percent) and the Philippines (–13.83 percent) were the worst-performing countries.
Asia Pacific’s property sectors we
