Southeast Asia's real estate market in February 2018

The number of residential units coming onto the market in Thailand should reach around 276,100 in 2018, an increase of 6.2% from 260,000 at the end of 2017. In Singapore, housing prices may rise up to 10% in 2018 following a pickup in home sales after a four-year slump.

In Mandalay, confidence in prospects for landed residential development stays strong while the lack of modern and family friendly shopping centres may bring opportunities for retail expansion. In terms of the office market, rents in Metro Manila’s business districts are currently at an all-time high driven by a rebound of the IT-BPM industry and the steady growth of the gaming segment. Meanwhile, Phnom Penh is seeing an increase in supply of office space and rising occupancy rates while welcoming new concepts like strata-titled units.