Southeast Asia's real estate market in March 2018

In Singapore, the frenzy of en-bloc deals in the residential market for the last two years is cooling but spreading to the retail sector, while the office market should see robust demand throughout 2018 driven by large-scale companies looking to upgrade their premises. In Thailand, the approval ofthe Eastern Economic Corridor law in February 2018 will help enhance performance of its industrial and housing markets, especially in the Eastern Seaboard area.

Particularly in Bangkok, soaring land costs may increase prices of new condos in the high-end segment, while demand in the office market will stay strong with key drivers from e-commerce firms, tech companies, banks, and co-working space operators.