AEC to Push Urban Growth

Real estate experts across the region are seeing growth in the demand for properties of various types especially as the ASEAN Economic Community (AEC) begins later this year.

According to a report by JLL, the establishment of the AEC, comprising a single market of more than 600 million people in ASEAN, can translate to amazing investment opportunities not just in established business hubs like Singapore, but to the entire Southeast Asia region as well, serving as a low-cost alternative to China.

Across ASEAN, the rising middle class, urbanisation and competitive labour costs were all seen as benefiting the top emerging real estate markets in the region.

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