- Asia's 289 active REIT products reached a combined market value of US$279.4 billion as at 31 March 2026, up from US$235.8 billion at end of 2024
- The Chinese mainland contributed 21 out of 27 new listings in Asia in the same period
- India's REIT market value rose 62% to US$17.7 billion, up from US$11 billion in end 2024
HONG KONG SAR – Media OutReach Newswire – 22 September 2026 - The Asia Real Estate Investment Trust (REIT) market entered a new phase of expansion in 2025–2026, with the Chinese mainland and India REIT markets emerging as the principal engines of regional growth, according to Cushman & Wakefield's Asia REIT Market Insight 2025–2026.
The annual report showed that there were 289 active REIT products in Asia with a combined market value of US$279.4 billion as at 31 March 2026, up 18% from the end of 2024. Mature markets such as Japan, Singapore and Hong Kong stabilised and recovered moderately, while emerging markets such as Chinese mainland and India gained momentum through new product issuance, expanded asset classes and deeper institutional participation. In addition, ESG disclosure, operational efficiency and asset quality are becoming increasingly important differentiators for investors across Asia's REIT markets.
Total Number and Market Value of Active REITs on Major Asia Exchanges (as at 31 March 2026)
| Market | Number of REITs | Market Value (US$ billion) | Share of Market Value |
| Japan | 58 | 101.4 | 36% |
| Singapore | 39 | 76.7 | 27% |
| Chinese mainland | 79 | 32.1 | 11% |
| India* | 7 | 17.7 | 6% |
| Hong Kong, China | 11 | 17.4 | 6% |
| Malaysia | 19 | 10.6 | 4% |
| Thailand | 37 | 8.6 | 3% |
| Philippines | 8 | 6.6 | 2% |
| South Korea | 25 | 6.5 | 2% |
| Taiwan, China | 6 | 2.0 | 1% |
| Total | 289 | 279.4 | 100% |
*India REIT data includestwoSM REITs
Source: Bloomberg database, websites of Hong Kong Stock Exchange, Singapore Exchange, and Tokyo Stock Exchange; NAREIT; compiled by Cushman & Wakefield Beijing Valuation & Advisory Services
The Chinese mainland remained one of Asia's most significant REIT growth stories, contributing 21 of the 27 new listings in Asia between end 2024 to March 2026, far outpacing other new listings from Thailand, Japan, Malaysia and South Korea, and underscoring its dominant role in driving the region's REIT market growth. As at 31 March 2026, 79 public infrastructure REITs were listed in the Chinese mainland, with a cumulative issuance value of approximately US$31.3 billion (RMB215.5 billion) and a combined market value of US$32.1 billion (RMB221.3 billion).
A key development supporting the Chinese mainland market was the launch of the commercial real estate REIT pilot programme in late 2025, which marked a major broadening of the market beyond infrastructure. Eligible assets were expanded to include offices, shopping malls, hotels, outlets and mixed-use commercial properties, creating a new capital recycling channel for stabilised operating assets.
Andrew Chan, Managing Director, Head of Valuation & Advisory Services, Greater China, at Cushman & Wakefield said, "The Chinese mainland REIT market is moving into a more sophisticated phase. Regularised infrastructure REIT issuance has established scale and investor familiarity, while the commercial real estate REIT pilot programme introduces a powerful second growth pillar. By opening the market to a wider range of income-producing properties, the new framework can support asset revitalisation and optimise capital, but long-term performance will increasingly depend on asset quality, operating capability, and ESG credentials."
India's REIT market also advanced from an emerging platform toward institutional scale. Market value rose 62% from end 2024 to March 2026, allowing India to surpass Hong Kong for the first time and become Asia's fourth-largest REIT market by market value.
New listings, including Knowledge Realty Trust and Bagmane Prime Office REIT, substantially increased portfolio scale, adding a combined 53.7 million sq ft and accounting for around three-quarters of the total new space added to the six India REITs between June 2025 and June 2026. Office REIT occupancy remained high amid tightening Grade A vacancy, while sustained multinational occupier demand and continued expansion by Global Capability Centres (GCCs) remain. As at June 2026, six listed REITs collectively held approximately 178 million sq ft, with a further 36.7 million sq ft under construction or planned.
Somy Thomas, Executive Managing Director, Capital Markets, India, at Cushman & Wakefield said, "India's REIT market has reached an important inflection point, with larger listed portfolios, strong occupancies and a healthy development pipeline reinforcing its institutional depth. Demand from multinational companies and GCCs continues to favour high-quality, professionally managed office assets, while recent regulatory measures are widening the investor base and improving access to financing. Together, these developments create a stronger foundation for continuous REIT portfolio growth and market liquidity."
Across the mature markets, Japan, Singapore and Hong Kong recorded market value growth of 12%, 14% and 8%, respectively, between end 2024 and March 2026, reflecting a period of steady expansion. Japan benefited from recovering office fundamentals and strong hotel performance, while Singapore entered a vigorous acquisition phase, and Hong Kong recorded valuation recovery alongside policy initiatives designed to strengthen liquidity.
Data centre and hospitality REITs are expected to remain highly visible, supported by AI-led digital infrastructure demand and tourism recovery, while M&A and asset acquisitions should stay active as managers pursue scale, diversification and portfolio quality.
Catherine Chen, Research Director, Asia Pacific, at Cushman & Wakefield noted, "Looking ahead, we expect the Chinese mainland and India REIT markets to remain the region's key growth engines, while established markets focus on operating efficiency, capital structure and selective portfolio expansion. The opportunity set is becoming broader, while investors will be increasingly discerning about income resilience, operational efficiency, ESG performance and the ability of managers to create value through active asset management."
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About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for occupiers and investors with approximately 53,000 employees in over 350 offices and nearly 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2025, the firm reported revenue of $10.3 billion across its core services of Valuation, Consulting, Project & Development Services, Capital Markets, Project & Occupier Services, Industrial & Logistics, Retail, and others. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.hk or follow us on LinkedIn (www.linkedin.com/company/cushman-&-wakefield-greater-china).
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New data highlights the contribution of Dusit Central Park’s rooftop park to urban cooling, air quality, biodiversity, and community well-being. The park will also mark Bangkok Climate Action Week 2026 with a special Tree Walk.
BANGKOK, THAILAND - Media OutReach Newswire - 22 September 2026 - Following its first anniversary on 3 September 2026, Suan Dusit Arun – the 11,200 sq m public rooftop park at Dusit Central Park in the heart of Bangkok – has released its first set of visitor, community, and environmental performance data. The figures demonstrate strong public demand for accessible green space in the Thai capital, with an average of 2,621 unique daily visitors during the 12-month reporting period.
Suan Dusit Arun, the 11,200 sq m public rooftop park at Dusit Central Park in the heart of Bangkok, has welcomed more than 951,000 visitors since opening on 3 September 2025.
The largest public rooftop park in Bangkok's central business district, Suan Dusit Arun is a defining feature of Dusit Central Park and provides elevated views across Lumpini Park, one of the city's most important green spaces. It was designed as a practical response to critical urban challenges facing Bangkok, including rising temperatures, limited access to green space, and declining biodiversity.
Open to all, the park offers the luxury of space, nature, and calm in the centre of Bangkok. Its public use and programming are thoughtfully managed to protect the landscape, preserve a comfortable atmosphere, and ensure that visitors can continue to enjoy the park without compromising the qualities it was designed to provide.
Combining beautiful views with a strong social and environmental purpose, the park serves as the unifying landscape connecting the principal elements of Dusit Central Park: the flagship Dusit Thani Bangkok hotel, Central Park Offices, the Central Park shopping centre, and a 69-storey residential tower comprising the ultra-luxury Dusit Residences and contemporary Dusit Parkside.
The design of Suan Dusit Arun reflects the wider architectural philosophy of Dusit Central Park, responding to wind flow and solar orientation while drawing on Feng Shui principles to foster harmony, balance, and a positive flow of energy between people and their surroundings.
With approximately 98% of its layered landscape dedicated to green space, the park combines 184 plant varieties, including 48 Thai species, with accessible areas for recreation, learning, community gatherings, and quiet reflection. Its planting includes native shade trees, flowering varieties, and climate-adapted plants.
The planting includes nine tree species in the three threatened categories of the IUCN Red List – two Critically Endangered, two Endangered, and five Vulnerable. It also reflects Thailand's cultural heritage through sacred spirit trees, species referenced in classical Thai literature, and jasmine, a symbol of Mother's Day in Thailand. Pollinator-friendly species include mangrove apple and queen's crape myrtle.
Water management is another important part of the park's operation. Harvested or recycled water supplies approximately 25% of irrigation demand, supported by an automated, timer-controlled irrigation system. The planted landscape is estimated to reduce stormwater runoff entering the city's drainage system by 30–50% compared with a conventional hard-surfaced roof.
While assessment of the park's environmental performance is ongoing, monitoring conducted within and outside the project area on 13 and 14 March 2026 provided an initial snapshot of conditions. Air temperature within Suan Dusit Arun was recorded at 31°C, compared with 33°C outside the project area. Suspended particulate matter concentrations were also approximately 35% lower within the park during the monitoring period.
"When we conceived Suan Dusit Arun, we wanted it to become an active part of Bangkok's daily life – a public landscape with a clear social and environmental purpose," said Chanin Donavanik, Group CEO, Dusit International. "Welcoming more than 951,000 visitors in its first year shows how strongly people value accessible green spaces where they can exercise, learn, connect, and spend time in nature.
"For Dusit, this is how responsible hospitality reaches beyond hotel operations: by creating places that deliver meaningful value for the communities and environments around them. The initial data from Suan Dusit Arun indicates the potential of thoughtful design and responsible operation to improve everyday urban life. We will continue to monitor the park's performance and report its contribution with care and transparency."
Beyond its daily public use, Suan Dusit Arun hosted a thoughtfully curated programme of 43 recreational, wellness, and educational events and visits during its first year. Together, these activities engaged more than 9,500 people. They ranged from aerobics, Pilates, and city runs to Children's Day celebrations, live music, design talks, and study visits by schools and universities.
Partners included Silpakorn University, SCG Packaging Public Company Limited (SCGP), and the Thai Red Cross, alongside schools, community groups, and commercial organisations.
Collaboration with SCGP also extends to waste reduction. Suan Dusit Arun participates in the company's "Old for New" recycling initiative and separates around 100 kg of cardboard from its operational waste each month for recycling. Event organisers are also encouraged to reduce disposable plastics and choose reusable or recyclable materials wherever practical.
Tree Walk for Bangkok Climate Action Week 2026
To mark Bangkok Climate Action Week 2026, Suan Dusit Arun and Dusit International will collaborate with Big Trees Foundation to host Tree Walk: Discovering the Value of Urban Trees at Suan Dusit Arun on 9 October 2026. Led by landscape architect Touchapon Soontrajarn and professional arborists, the half-day programme will explore how thoughtful landscape design and tree care can support urban cooling, cleaner air, biodiversity, and public well-being.
Running from 9:00–11:30 hrs, the event is limited to 30 participants and costs THB 250 per person, with all proceeds to be donated to Big Trees Foundation to support urban tree conservation. Registration will be available through the Bangkok Climate Action Week platform.
More information is available at bangkokclimateactionweek.org/en/programme/325.
High-resolution images and a short video accompanying this media release are available here: Suan Dusit Arun
Hashtag: #Dusit
The issuer is solely responsible for the content of this announcement.
About Suan Dusit Arun
Suan Dusit Arun is an 11,200 sq m public rooftop park at Dusit Central Park, a mixed-use development in the heart of Bangkok, Thailand. Opened on 3 September 2025, the park was designed according to Universal Design principles and brings together Thai flora, shaded walkways, water features, cultural spaces, and panoramic views of Lumpini Park.
Its principal features include the Bird Nest Viewpoint, Cascade 2513 waterfall, and Dusitpini Amphitheatre. Suan Dusit Arun connects Dusit Thani Bangkok, Central Park Offices, Central Park shopping centre, and a 69-storey residential tower comprising Dusit Residences and Dusit Parkside. The park is open to the public free of charge.
For more information, please visit dusitcentralpark.com/roofpark
About Dusit International
Established in 1949, Dusit International is a leading hospitality group listed on the Stock Exchange of Thailand. Its operations comprise five distinct yet complementary business units: Dusit Hotels and Resorts, Dusit Hospitality Education, Dusit Foods, Real Estate Development, and Hospitality-Related Services.
Dusit's diversified investments in real estate development, hospitality-related services, and the food sector are part of its long-term strategy for sustainable growth, which focuses on three key areas: balance, expansion, and diversification.
For more information, please visit dusit-international.com
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