Quarterly bulletin 3rd Quarter 2023
- Housing affordability will improve slightly, but borrowers in some economies will still struggle to repay mortgages due to elevated interest rates.
- Opportunities and challenges are coming together to the regional hotel market.
Although Asia Pacific's housing affordability will improve slightly, borrowers in some economies will still struggle to repay mortgages due to elevated interest rates. This challenge coupled with subdued market sentiment may constrain revenues and profitability of property developers over the next 12 months. Meanwhile, the regional office market has demonstrated significant growth, reaching US$ 264 billion in 2023. The market is also anticipated to continue its upward trajectory with a CAGR of more than 10% during 2023 - 2028. In this context, Malaysia, Indonesia, Vietnam, and Cambodia were ranked in the list of the 10 safest places to retire in Asia by the US-based financial services corporation Nasdaq.