Given the growing scarcity of land bank and new supply amid buyers are shifting from the CBD to riverside areas, luxury condos on the banks of Chao Phraya River in Bangkok could see a rise in the sell-through rate and average price. In Phuket, the condo market continues to be driven by buyers and investors from China, Russia, and Australia, while prices of luxury units are forecast to reach a new high in 2018.

The Phuket's condo market attracts more buyers and investors

In Metro Manila, demand for office space should remain strong despite concerns over the passage of Tax Reform for Acceleration and Inclusion Package 2, thanks to a more diverse mix of tenants led by KPOs and MNCs. In another context, Vietnam’s real estate market may witness future growth in investment and M&A activity, especially within the Southern region.