Core Insights - The MSCI report indicates a 19% year-on-year decline in commercial real estate investment in the Asia-Pacific region, projected to reach $31.8 billion by Q2 2025, due to rising macroeconomic and trade uncertainties [1] - Despite a slowdown in trading activities in some markets due to new tariffs, there are positive developments, particularly in the office market where investment levels have returned to long-term averages, with notable performance in South Korea and Japan [1] - Singapore's transaction volume increased by 51% in Q2, driven by strong interest from cross-border investors in hotel and residential properties [1] - Data centers showed exceptional performance, with Q2 transaction volumes surging over tenfold year-on-year to $3.5 billion, largely due to significant platform transactions [1] - The industrial real estate sector's leading momentum has slowed, prompting investors to adjust their allocations towards a more balanced approach in core sectors, with varying recovery rates across different property types [1] - A key trend for mid-2025 is the recovery of cross-border capital flows, with increased investments across major markets in all real estate categories except industrial [1]