APAC commercial real estate investment rose 27% year-on-year (YoY) in H1 2026, whilst office investment increased 29%. Demand for Singapore office space remained strong, driven by artificial intelligence-related occupiers. New Grade A office completions across mature APAC markets fell 38% YoY in H1 2026. The retail sector is expected to benefit from limited new supply and demand for prime retail space in the second half of 2026. Hotels in most APAC markets also recorded YoY increases in revenue per available room as higher average daily rates offset varied occupancy performance.