The Business Times
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Tariff tensions cloud global property outlook, but Apac a bright spot amid uncertainty

The region is underpinned by long-term demographic and structural trends

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Ry-Anne Lim

Ry-Anne Lim

Published Thu, Jun 12, 2025 · 07:00 AM
    • The Asia-Pacific as a whole offers a “compelling investment landscape”, especially sectors that are still in the early stages of institutionalisation, says BlackRock head of Apac real estate Hamish MacDonald.
    • The Asia-Pacific as a whole offers a “compelling investment landscape”, especially sectors that are still in the early stages of institutionalisation, says BlackRock head of Apac real estate Hamish MacDonald. PHOTO: BT FILE

    [SINGAPORE] Heightened uncertainty stemming from US tariff policies could weigh on the global real estate market, but experts said pockets of opportunity remain in the Asia-Pacific, especially in the living, logistics and healthcare sectors. 

    Speaking to The Business Times, Chad Phillips, global head of real estate at asset manager Nuveen, noted that real estate values worldwide have corrected by around 16 per cent since 2022, following interest-rate hikes that year. 

    This not only helps to de-risk the asset class, but it also puts the property investment market in a relatively strong position, even as tariff uncertainties weigh on the economy and real estate, said Phillips. 

    Private equityProperty investmentAsia-PacificBlackRockProperty

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