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Southeast Asia's real estate market in December, 2017

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July 24, 2018, 11:16 AM GMT + 7
  • Vietnam continues witnessing the growth of condotel markets.
  • Cambodia needs an additional 800,000 homes in Phnom Penh and urban areas. 

Vietnam continues witnessing the growth of condotel markets in destinations across the country during 2018, in addition to the M&A boom which has had a strong year throughout 2017. In Singapore, the government restricted the stock of land under 1H 2018 Government Land Sales Programme to pre-empt a potential oversupply after a series of deals by developers, especially en bloc sales in 2H 2017.

In response to its rapid economic growth and urbanization, Cambodia needs an additional 800,000 homes in Phnom Penh and urban areas from 2015 to 2030. In Bangkok, the development of Eastern Economic Corridor and mass transit projects as well as brighter outlook will bring good tidings for the real estate industry, especially the office sector.

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