Southeast Asia Outlook – Growth Amidst Global Shifts
Now in its fourth edition, Cushman & Wakefield’s Southeast Asia Outlook 2026 External Linkexplores economic and real estate trends across Singapore, Malaysia, Indonesia, Thailand, Vietnam and the Philippines, with a focused view on the Singapore property market.
Despite global trade uncertainty, Southeast Asia remains one of the world’s fastest-growing regions, expanding by 4.8% in 2025 and projected to grow 4.3% in 2026.
Resilient domestic consumption, easing inflation and moderating interest rates continue to support regional growth. Structural drivers — including supply chain diversification, rising urbanisation and sustained foreign direct investment — reinforce Southeast Asia’s long-term real estate potential.
As Southeast Asia remains one of the world’s fastest-growing regions, the Philippines economy is projected to expand between 5.4%-5.6% in 2026, supported by resilient domestic consumption, easing interest rates and steady remittance inflows.
Lower inflation and policy rate cuts are improving financing conditions, supporting recovery across key real estate sectors. While global uncertainties and outsourcing policy risks remain, the Philippines continues to benefit from a young population, urban expansion, rapid growth of digital payment infra and sustained infrastructure-led development.
Vietnam Property Market Outlook 2026
Office: Tighter supply conditions may coincide with rising office demand as businesses seek quality spaces outside the city center while maintaining reasonable rental costs amid anticipated economic uncertainties in 2026.
Retail: The majority of new retail supply is expected to come from suburban areas on the outskirts of the city center, while retailer demand for suburban retail space remains strong, with new suburban malls achieving high occupancy rates.
Industrial & Logistics: The ongoing shift of global supply chains away from China, coupled with U.S.–China trade tensions, is accelerating Vietnam’s strategic advantage in logistics.
Residential: Ho Chi Minh City (HCMC) is expected to see continued price growth due to the scarcity of new supply, along with a significant shift in supply-demand dynamics by location and segment.
