1、Emerging Trends in Real Estate Asia Pacific 2025A publication from:Emerging Trendsin Real Estate Asia Pacific 2025Contents iv Executive Summary vi Notice to Readers 1 Chapter 1:Sounding out the Bottom 2 Mind the Gap 3 The Reappraisal Rabbit Hole 5 Distress Dont Give Up 6 Engineering Higher Returns 8

2、 Australia:Key Themes 9 The Quest for Structural Alpha11 Supply Pipelines Shrink12 China:Key Themes 14 Debt Trumps Equity 16 Japan:Key Themes18 Sustainability on Hold21 Chapter 2:Real Estate Capital Flows21 City Investment Prospects22 Development Prospect Rankings23 Investors Flock to Emerging Marke

3、ts25 Global Funds Returning?26 Fundraising Sinks as Dry Powder Builds27 REITs in the Crosshairs27 Banks Turning the Screws31 Chapter 3:Property Type Outlook32 Office34 Logistics 36 Data Centres37 Complex Structuring39 Retail 40 Living Assets 43 Senior Housing 44 Hospitality47 Interviewees48 Sponsori

4、ng OrganisationsEmerging Trends in Real Estate Asia Pacific 2025 iEmerging Trends in Real Estate Asia Pacific 2025 ChairsPwC Advisers and Researchers by Territories AustraliaAndrew ClokeJoe SheeranManuel MakasIndia Shashank JainJayant MenonAtanu BhattacharjeeJanvi WadhwaIndonesiaBrian Arnold John Do

5、vaston Margie MargaretJapanAkemi Kitou Akiko Urasaki Akira Kumakura Aya Yoshino Yuko Kawai Eishin Funahashi Hideo Ohta Hiroshi Takagi Hori Hiroto Jan-Erik Vehse Kenji Nakamura Koichiro Hirayama Mayumi Watanabe Michio Ikeda Mitsuaki Kukita Robert Kissner-Ventimiglia Shinri Kobayashi Shogo Arai Stepha

6、nie Wong Stuart Porter Takashi Sato Takashi Yabutani Stuart Porter,PwCAlan Beebe,Urban Land InstitutePrincipal AuthorColin Galloway,Urban Land Institute Consultant ULI Editorial and Production StaffLibby Riker,Senior EditorMay Chow,Chief Development Officer,Asia PacificCaneel Chua,Programmes Manager