2023-东南亚房地产市场展望报告-强劲反弹英文版-戴德梁行-17页.pdfVIP

BOUNCINGBACKSTRONGER

AREOPENINGBOOST

IMPACTOFCHINA’SREOPENING

SoutheastAsia(SEA)isexpectedtobeoneoftheleadingsourcesofGROSSDOMESTICPRODUCT(GDP)

growthfortheglobaleconomyastheUnitedStatesandEuropetiptoe

aroundapotentialrecession.SEAisexpectedtogrowby4.7%yoyin

2023,closetopre-pandemicaveragegrowthratesofabout5%annually.

ThepaceofeconomicgrowthdiffersacrossSEA,outside-of-SEAexports,basedon2021tradedata.

dependingontheireconomicstructureandstageofTherisingadoptionofelectronicvehiclesbodes

reopening.ThePhilippinesandVietnam’seconomieswellformanufacturersinIndonesiaandThailandis

areexpectedtoleadgrowthin2023,withgrowthatanautomotivehubandwell-positionedtotapon

7.1%and5.8%respectively.ThePhilippineseconomyEVproductiontrends.WhileIndonesiahasseen

wouldbeaidedbytourismrecoveryandasustainedhigherplannedinvestmentsintobothminingand

growthinitsBusinessProcessOutsourcingindustrydownstreamindustriesduetoitslargereservesof

whichtendstodowellduringtheeconomicNickel,akeymetalforEVbatteries.

downturn.Vietnamcontinuestobenefitfrom

ThereopeningofChinawouldbeacatalystforSEA

tradediversificationtrendsthoughexportgrowth

economiesgivenChinaisakeyexportdestination

isshowingsignsoftemperingoffduetoaglobal

forSEA.HigherconsumptiondemandoutofChina

slowdown.ThailandistheonlyASEANeconomythat