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.

Vietnam remains one of the region’s strongest performers, with GDP projected to grow 6.3% in 2026, following robust export-led expansion.

Strong FDI inflows into high-tech manufacturing, electronics and supply chain relocation continue to reinforce Vietnam’s role as a regional production hub.

Vietnam Property Market Outlook 2026

• Office: Limited Grade A supply in Ho Chi Minh City and Hanoi is supporting rental resilience, particularly in quality assets 

• Retail: Suburban mall developments are gaining traction, with retailer demand shifting beyond traditional CBD locations.

• Industrial & Logistics: Industrial property remains the backbone of the market, driven by manufacturing expansion and infrastructure upgrades. 

• Residential: Supply-demand imbalances persist, with elevated pricing in major cities and limited mid-market availability. 

Ongoing infrastructure development — including Long Thanh International Airport and major ring road projects — is expected to unlock new growth corridors and enhance long-term real estate potential.