CSC Financial research says the launch of commercial real-estate REITs is the
biggest expansion variable in the primary market; project pricing dispersion is
widening, so investors should prioritize asset quality and operational
capability. In the secondary market, sector divergence has increased sharply;
ownership-rights property assets face larger supply shocks and valuations are
near historic lows. Looking to full-year 2026, market rhythm may shift from
prior H1 allocation/H2 profit-taking to H1 wait-and-see and H2 deployment; CSC
sees H2 supply-side pressure on REITs easing and incremental funding policies
being implemented, supporting stabilization and a selective recovery.
