Apac posts US$105 bil real estate investments in 1H2026 as market hits turning point: Colliers
Returning cross-border capital and improved liquidity signal stronger investor confidence, potentially supporting transactions across offices, retail, industrial assets and data centres in 2H2026.
Asia Pacific commercial real estate investment reached US$105 billion in 1H2026, its strongest first-half volume since US$123 billion was recorded in 2022.
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Commercial real estate investments in Asia Pacific (Apac) reached US$105 billion (around $135 billion) in the first six months of the year, marking the strongest first half since 2022, when US$123 billion in deals were recorded, according to Colliers.
The figure is also “well clear of the 2023 to 2025 trough”, the company noted in its Asia Pacific Capital Markets Snapshot H1 2026 report, published in August. The region recorded first-half estate investments of US$85 billion, US$87 billion and US$85 billion in 2023, 2024 and 2025, respectively.
The stronger performance this year comes amid a turning point in Apac, with investors showing increasing confidence in the region, notes Theo Novak, Colliers’ managing director for Apac capital markets. “Capital remains active in the region and is increasingly being deployed back into traditional sectors such as office, retail and industrial, while investors continue to target structural growth themes including data centres,” he adds.
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China and Japan were the largest contributors to 1H2026 Apac deals, clocking transaction volumes of US$27.5 billion and US$25.3 billion, respectively. Colliers also highlights Singapore as a standout performer, with US$14.1 billion worth of deals transacted — already surpassing its full-year total of US$11.6 billion for 2025.
“Selling intentions [in Singapore] have increased as more asset owners look to capitalise on improved market liquidity and a lower interest rate environment,” says Terry Wong, Colliers’ head of capital markets and investment services for Singapore.
While activity in China was predominantly driven by local players, other key markets, including Singapore, Japan and Australia, attracted significant international capital as investors sought exposure to stable and transparent markets.
As a result, cross-border capital accounted for a larger proportion of 1H2026 transaction activity. Overseas buyers made up 35.9% of acquisitions during the first six months of the year, compared to 26% over the same period in 2023. Cross-border buyers also exceeded cross-border sellers in 1H2026, indicating global capital as a net buyer of Apac real estate.
Across the region, the office segment garnered the largest transaction volume in 1H2026, with US$40.2 billion worth of deals, followed by retail assets (US$26.7 billion) and industrial assets (US$22.8 billion). Meanwhile, data centres drew US$6.7 billion in capital over the first half of the year.
Colliers expects transaction activity to stay resilient in the second half of the year. “Looking into 2H2026, confidence is expected to remain supported by improving liquidity, returning cross-border capital and continued demand for sectors aligned with long-term structural growth,” the report stated.
Read also: Apac commercial real estate momentum still intact, Singapore among standout markets: MSCI