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.

Navigating a Soft Patch with Structural Strength

Thailand’s economy is expected to grow 1.5% in 2026, reflecting softer exports and moderated tourism recovery.

Despite near-term headwinds, Thailand remains one of Southeast Asia’s most established manufacturing and tourism hubs.

Private consumption is supported by low unemployment and accommodative interest rates, while ongoing infrastructure investment continues to enhance long-term competitiveness.

Thailand Property Market Outlook 2026

• Office: Tenant relocation to Grade A, sustainable buildings continues, supporting rental stability in prime CBD assets.

• Retail: Prime retail in Bangkok remains resilient, though elevated rents are prompting some occupiers to consider fringe locations.

• Industrial & Logistics: Strong demand for ready-built factories, particularly in the Eastern Economic Corridor (EEC), is driving rental growth.

• Residential: Developers are focusing on inventory absorption, with selective recovery expected in core segments.

Thailand’s diversified industrial base and supply chain positioning continue to support long-term real estate fundamentals.