ISSUES FACING REAL ESTATE IN AEC

• 7 April 2016
• Property Focus
• 1864 Views

A recent CBRE study, ‘ASEAN Economic Community: A boost to South East Asian real estate’, noted a number of challenges and opportunities facing the sector with the advent of the AEC.

Transparency in markets was highlighted as a challenge with Cambodia in particular needing to create an atmosphere more conducive to doing business.

A lack of skilled labour and a mismatch of skills also threatens to deter investors in the industrial, office and retail sectors.

Restrictive ownership laws and a lack of dedicated policy were also identified as potential hurdles in the growth of the industry in the region.

However, the size of the market, the growth in SMEs, increased cross-border trade, market diversity and the strength of the tourism market were all seen as great opportunities for the future of the real estate industry in the AEC.