For Asia Pacific, the story is particularly compelling.

Tokyo emerged as the strongest performing city globally, recording exceptional double-digit growth as constrained supply intersected with sustained international demand. A weak yen, rising construction costs and global capital allocation strategies positioned Japan firmly at the forefront of the prime cycle. Seoul similarly delivered standout performance, supported by deep-rooted structural supply limitations and concentrated demand within core districts.

This momentum is also evident in the development pipeline. Savills is currently advising on several major branded residence projects across Japan, spanning both ski and prime urban markets. These schemes reflect the growing sophistication of Japan’s prime residential sector and are expected to establish new benchmarks for quality, positioning and value in the years ahead.

Across the broader region, markets such as Singapore, Sydney and Mumbai demonstrated stability and depth, underpinned by strong domestic wealth creation and cross-border capital flows. Meanwhile, Mainland China’s prime markets continue to recalibrate, highlighting the growing divergence within Asia and reinforcing the importance of local market expertise.

Structural undersupply, demographic strength and global connectivity are increasingly defining performance outcomes across the Asia Pacific region.

As we look ahead to 2026, price growth is forecast to moderate globally to 1.3%. However, several APAC cities are expected to outperform, reinforcing the region’s position as both a capital growth and wealth preservation play in an increasingly complex environment.

Understanding these nuances will be critical for investors, developers and private clients navigating the year ahead.