Empowering business in Southeast Asia
Co-working has emerged as a new and interesting method for independents, startups, entrepreneurs and even certain multinationals to manage their work habits and spaces. Rapidly expanding throughout Southeast Asia, co-working is attracting the appetites of global leaders of this new industry in the region.
Cities and urbanization are some of the most important drivers of Southeast Asia’s economic dynamism, environmental, societal and cultural change. To better understand the challenge and opportunities they bring, here are 4 infographics summarizing urban trends on the demography and rural exodus in ASEAN.
Thailand has the second biggest economy of Southeast Asia and its capital, Bangkok, is one of the largest cities in the world. With unique sights of monuments and Thai architecture, numerous skyscrapers and a dynamic urban development, Bangkok presents an attractive landscape for real estate developers and investors.
With one of the highest level of income per capita in Southeast Asia, Malaysia has expanded its real estate sector to provide housing, office and commercial properties to a growing middle class. The largest urban areas have attracted most investments, but recent economic and political change modify the property landscape.
Urbanization is one of the major trends currently shaping Southeast Asian societies, cultures, economies, businesses and environments. Being on the verge of counting more than half of its population living in urban areas, ASEAN comprises some of the largest and some of the fastest growing cities of the world.
Though some countries present a better outlook than others, Southeast Asia is a very attractive region for real estate. Strong economic fundamentals, demographic dynamism, changing behaviors and the digital revolution bring new opportunities for various actors involved in the real estate sector.
With one of the fastest growing economies in Asia and a large population, the Philippines is a promising market for real estate companies. Manila, the capital, concentrates many investments as local property developers outbid each other to pull the market higher in all categories: office, residential, retail and hotels.
As in the rest of Asia, Philippine real estate is currently in a very positive trend. With strong fundamentals, a large population and fast growing economy, the Philippine property market is also driven by oversees Filipinos sending money home, strong domestic demand and the dynamic BPO and tourism industries.
Manila’s larger urban area, “Mega Manila”, is set to reach 30 million inhabitants by 2030. To cope with its growth and relieve the pressure from the population, the Philippine authorities have devised an ambitious plan of integrated urbanization and transports that will foster the sustainable development of the country’s capital city.
After a few years of trough in the Vietnamese property market, real estate developers and sellers are facing a renewed buying trend. However, the Vietnamese market presents various peculiarities to understand in order to be a successful player, buyer, seller or intermediary when it comes to information and consumer behavior.