Malaysia's public sector pension fund Kumpulan Wang Persaraan (KWAP) plans to maintain an active real estate investment strategy over the next three years. Speaking at the PERE Asia Summit 2026, investment head Nadiah Abdul Hamid outlined the fund's commitment to disciplined diversification across global markets. The fund will continue deploying capital through direct investments, co-investments, and fund investments.

KWAP's real estate program focuses on core strategies while pursuing non-core opportunities to enhance returns. The fund emphasizes flexibility in capital deployment across different market cycles and sectors. Australia, Japan, and the UK have emerged as key target markets for KWAP's expansion plans, with particular attention to the living sector where structural demand shows strong potential.

The pension fund prioritizes track record, operating capabilities, and cash flow stability when selecting partners. KWAP maintains flexibility in partnership structures, ranging from co-investments to separately managed accounts depending on market conditions. The fund seeks transparency in fee structures and alignment of interests to ensure optimal investment performance.