Skymont Capital

27/07/2026

Southeast Asia's real estate story in 2026: slower, steadier, more selective.

The region is still expanding at a healthy pace, growing around 4.3% this year. But look closer at Vietnam, and the picture is more interesting than a headline number. The market has shifted gears — 2026 is proving to be a year where supply chain resilience, policy stability, and ESG standards matter more than sheer volume. Buyers are no longer chasing any warehouse in any zone; they're asking harder questions about what an asset can actually deliver.

That shift is playing out clearly in Hưng Yên. What was once a market defined by short-term speculative leasing is now anchored by serious manufacturing tenants — companies that need advanced production facilities, stable power, and integrated logistics networks to run their operations. Behind that shift sits real infrastructure momentum: a newly approved Hưng Yên Free Economic Zone, spanning more than 30,000 hectares with $18 billion in planned investment, is now moving toward central government approval. It's the kind of signal that tends to precede, not follow, real growth.

The broader lesson of 2026 seems to be this: markets that slow down aren't necessarily cooling — sometimes they're just getting more discerning. And in a market rewarding quality over quantity, assets with solid fundamentals and real utility are the ones worth watching.

Hung Yen property market outlook 2026: Infrastructure growth, industrial expansion, and top investment insights in Vietnam’s rising hub.

13/07/2026

The second half of 2026 is increasingly characterised by a rotation in institutional capital. Foreign investors have reduced exposure to listed Asian equities amid technology weakness, higher-for-longer interest rates in the US and geopolitical uncertainty, while improving pricing, easing financing costs in Asia and stabilising valuations have encouraged renewed allocations to private real estate. Rather than signalling a broad risk-off environment, investors are selectively increasing exposure to income-producing, inflation-resistant assets in Asia-Pacific.

Japan remains the primary beneficiary of cross-border capital, with Tokyo retaining its position as Asia-Pacific's most preferred investment destination for a seventh consecutive year. Investors continue to be attracted by low financing costs, stable cash flows, corporate governance reforms and opportunities for value creation through office, logistics, residential and hospitality assets. A parallel but distinct trend is unfolding across SE Asia, where capital inflows are driven less by equity-market rotation and more by structural growth and supply-chain diversification — Vietnam, Indonesia, and Malaysia are attracting sustained investment in industrial, logistics, and data centre assets.

Investors are using M&A to access the capital, power, and ​data capabilities needed to create value in a more disciplined real assets market.

19/06/2026

Northern Vietnam Industrial Real Estate Enters a Structural Growth Phase.

Northern Vietnam is moving from cost-led to capability-led positioning, and the 2026 supply build reflects it.

✔ Between 2026 and 2029, the region is forecast to add approximately 5,050 hectares of industrial land, nearly 1 million sq m of ready-built factories (RBF), and over 656,000 sq m of ready-built warehouses (RBW). RBF supply alone is projected to grow by more than 643,000 sq m in 2026.
✔ FDI momentum has accelerated, with over USD 15 billion committed in Q1 2026 — building on USD 38.4 billion registered across 2025.
✔ Gia Binh International Airport, the North–South Expressway expansion, and a planned free trade zone tied to deep-sea ports are repositioning the North as a green manufacturing and logistics hub.
✔ Recent example: Posco's USD 282 million battery materials plant in Thai Nguyen.

Tenant focus has shifted to ESG, power reliability, and supply-chain depth — not headline price.

From 2026, the industrial real estate market in the northern region is forecast to enter a new growth phase as strategic infrastructure projects near completion, supply expands, and green industrial parks become a decisive factor for foreign direct investment (FDI).

12/06/2026

London Prime Offices: Scarcity Becomes the Defining Variable in 2026.

Central London's two-tier market has hardened into structural shortage at the top end. Mayfair prime rents now sit at £185.00 per sq ft, West End at £182.50 (+14% YoY), and the City Core has just 1.1 years of Grade A supply remaining.

✔ New completions in 2026 are forecast at only 1.2 million sq ft — a 40% decline versus 2025, intensifying competition for best-in-class stock.
✔ Forecast prime rental growth of 4.6% (City) and 4.3% (West End) is concentrated in ESG-compliant assets with corporate-grade specification.
✔ Secondary and non-compliant buildings continue to face structural vacancy, repricing pressure, and rising capex requirements to remain leasable.

Active asset management and disciplined underwriting remain the defining edge.

Summary and analysis of Central London's current office real estate market conditions.

03/06/2026

Japan's Succession Crisis: The Most Durable Driver of Private Equity Deal Flow.

The demographic backdrop is now the dominant force shaping Japan's mid-market M&A landscape.

✔ Approximately 1.27 million SME and small business owners over the age of 70 face no identified successor — a structural transfer of corporate ownership without parallel in any major economy.
✔ Succession-related transactions now account for over 65% of buyout deals in Japan.
✔ ITOCHU Corporation, Nomura Holdings and Sumitomo Mitsui Trust Bank have launched the "Team Succession Platform" fund, targeted specifically at internal business succession financing.
✔ M&A deal volumes among mid-sized and small businesses have risen 16-fold between 2014 and 2022, and government infrastructure — SME M&A Guidelines, Certified M&A Support Institutions — continues to formalise the pipeline.

This is a multi-decade transition, not a cyclical opportunity.

Japan Inc. is confronting a ticking demographic time bomb, and private equity players are racing to defuse it.

27/05/2026

Selamat Hari Raya! Here at Skymont Capital, we wish everyone a blessed Hari Raya Haji filled with reflection, gratitude, and shared prosperity.

20/05/2026

Japan's Deal Engine Holds at Record Pace in Q1 2026.

Japan's M&A market entered 2026 carrying the momentum of its strongest year on record. Q1 2026 transaction value reached USD 41.7 billion, above Q1 2025's USD 34 billion and only marginally below the seasonal peak of Q4 2025.

Key drivers:
✔ Sponsor-led take-privates continue to anchor flow, with MBK Partners' USD 1.8 billion buyout of Makino Milling Machine illustrating PE's growing weight in large-cap deals.
✔ Amendments to mandatory tender offer rules take effect 1 May 2026, lowering thresholds and broadening the scope of deal structures requiring formal bids.
✔ Governance reform, capital efficiency pressure and shareholder engagement continue to surface corporate carve-outs and portfolio rationalisations.

The 2026 pipeline supports continuation — not exhaustion — of the cycle.

Japan’s M&A market had a record 2025, and the momentum is nowhere near stopping. Learn more from this market spotlight.

15/05/2026

Vietnam grew 8% in 2025, its strongest economic quarter since 2007. Here's what it's doing to property prices.

→ HCMC apartment prices up 24.3% year-on-year
→ 580,000+ successful transactions nationwide in 2025
→ 128,000 new units launched — up 88% from 2024, the highest since 2019
→ FDI into Vietnam surged 46% year-on-year
→ Southern industrial zones at 90% occupancy

2026 will be a fundamentally different market. New land pricing frameworks took effect in January. Developer costs are rising. The speculative "buy anything and win" mentality is gone.

What's left is a market that rewards discipline: Clear legal status. Reputable developers. Real end-user demand.

Vietnam isn't slowing down. It's maturing.

In a maturing market, knowing where not to buy matters as much as knowing where to buy.

28/04/2026

Vietnam's logistics market is no longer one story. It's two.

The North (Bac Ninh, Hung Yen, Hai Phong) is in a structural shift — a second wave of semiconductor and high-tech manufacturers is arriving, rental rates are climbing, and the market is repricing fast.

The South (Binh Duong, D**g Nai, Long An) is mature, stable, and running at approximately 90% occupancy, backed by decades of logistics infrastructure and a deep ecosystem of manufacturers, 3PLs, and e-commerce operators.

Three things to watch in 2026:
1. Infrastructure is the real value signal — land near new expressways and container depots is repricing faster than anywhere else
2. Green specs are now a dealbreaker — ESG-compliant facilities are winning tenants; older parks are losing them
3. The north's rental gap with the south is closing and may happen within 12 to 18 months

Two ecosystems.

Different risk-return profiles. Different tenant bases. Different trajectories.

21/04/2026

Japan: Record Investment Volume and the Case for Continued Conviction.

Full-year 2025 commercial real estate investment in Japan exceeded JPY 6 trillion—a new all-time record. In Q1 2025 alone, foreign capital deployed into Japanese real estate surged 3.7 times year-on-year.

Tokyo retained its position as the world's top city for cross-border real estate investment for the seventh consecutive year, supported by a weak yen, robust governance reform momentum, and sustained residential price appreciation—Tokyo condo prices rose 9.5% year-on-year in early 2026, the 16th consecutive month of gains.

With the Bank of Japan's policy rate at 0.75% and gradual further normalisation expected, the rate environment remains accommodative relative to global peers. The risk-adjusted return profile that has drawn global capital to Japan shows no signs of fading.

Comprehensive 2025 Tokyo apartment investment guide for foreign investors. Market analysis, price trends, regional comparisons, and investment strategies for Japan's dynamic real estate market. Expert insights on yields, emerging areas, and risk factors.