Southeast Asia Outlook 2024

Southeast Asia Outlook 2024: Opportunity Beckons

CUSHMAN & WAKEFIELD

2024 ECONOMIC OUTLOOK MOSTLY MOVING IN THE RIGHT DIRECTION

2024 PROPERTY OUTLOOK

INDUSTRIAL REMAINS A GOOD BET

THAILAND (Bangkok)

PHILIPPINES (Manila)

VIETNAM (Ho Chi Minh City)

VIETNAM (Hanoi)

2024 OUTLOOK

SINGAPORE MALAYSIA (Kuala Lumpur)

INDONESIA (Greater Jakarta)

2024 Vs 2023

SINGAPORE MALAYSIA INDONESIA THAILAND PHILIPPINES VIETNAM

X X X X X

X X X X X

X

X

X

RENT

GDP GROWTH (%)

X

X

X

CBD GRADE A OFFICES

X

X

X

X

X

X

X

X

X X X X X X

CAPITAL VALUES

EXPORTS OF GOODS AND SERVICES ($)

X

X

X

X

X

X

X

X X X X

X

X

X

X

RENT

INFLATION (%)

X

X

X

RETAIL

X X X X

X X

X X X X X INDUSTRIAL

CAPITAL VALUES

X

X

X

X

X

X

POLICY RATE (%)

X

X

X

X

X

X

X X

X X

X X X

X

X

X

X

RENT

UNEMPLOYMENT RATE (%)

X

X

X X X X X X X

X X X

CAPITAL VALUES

EXCHANGE RATE: LOCAL CURRENCY PER USD, PERIOD AVERAGE (an increase denotes a depreciating local currency)

X

X

X

X

X

X X X X

X

X

X

X

X

X

RESIDENTIAL (Non-Landed)

CAPITAL VALUES

X

X

X

X

X

Neutral

Positive development

Negative development

Source: Cushman & Wakefield Research

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