Southeast Asia Outlook 2026

Southeast Asia Outlook – Growth Amidst Global Shifts

Now in its fourth edition, Cushman & Wakefield’s Southeast Asia Outlook 2026 explores 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.

Stable Growth Backed by Domestic Demand

Indonesia’s economy is projected to grow 4.6% in 2026, supported by strong domestic consumption, infrastructure investment and moderating inflation 

Lower interest rates and a stable currency outlook are expected to improve financing conditions, reinforcing investor confidence across real estate sectors.

Indonesia Property Market Outlook 2026

• Office: With limited new supply entering the Jakarta CBD, occupancy levels are expected to improve as business confidence strengthens. 

• Retail: Mall repositioning and resilient F&B demand are stabilising rents in high-traffic locations.

• Industrial & Logistics: Strong demand from manufacturing and foreign investors continues to support Greater Jakarta’s logistics market. 

• Residential: Government incentives and infrastructure improvements are sustaining landed housing demand in established corridors.  

Indonesia’s large domestic market and infrastructure expansion position it as a key beneficiary of Southeast Asia’s long-term growth story.