Passenger numbers in SEA airports affected by China’s slow recovery, plus more news

For PropertyGuru’s real estate news roundup, China’s tepid post-pandemic recovery contributed to airports in Southeast Asia, including Singapore’s Changi Airport, seeing a slower uptick in passenger numbers. In other headlines, Vietnam’s industrial real estate sector is expected to experience robust growth in 2025. Lastly, average property values in India’s national capital region showed a whopping 49% appreciation in the past year, sustained by the demand for luxury homes.

China’s slow recovery part of why Singapore’s Changi Airport narrowly missed pre-pandemic traffic levels, say analysts

China’s tepid post-pandemic recovery contributed to airports in Southeast Asia seeing a slower uptick in passenger numbers, compared to European and American counterparts. CNA reports that aviation analysts made this observation on the back of Singapore’s Changi Airport announcing last 22nd January that it handled 67.7 million passengers in 2024, or 99.1 percent of 2019 levels before the COVID-19 pandemic hit. Analysts noted that major European and US airports already have passenger numbers exceeding pre-pandemic figures. It’s a different picture in Southeast Asia.

Vietnam’s industrial real estate poised for expansion in 2025

Vietnam’s industrial real estate sector is expected to experience robust growth in 2025, driven by domestic economic growth factors such as foreign direct investment (FDI), infrastructure development, and an improved investment environment. The Ministry of Planning and Investment reports that the industrial real estate market showed signs of improvement in 2024, with increased supply, according to VietnamPlus. The industrial sector saw better absorption, particularly in key areas like Ho Chi Minh City, Dong Nai, and Bac Ninh. CBRE stated that industrial parks in the northern region had an average occupancy rate of 80 percent, while the southern region’s rate stood at 89 percent. The northern region absorbed over 400 hectares in 2024, driven by substantial transactions in industries such as electronics and electric vehicles.

Sharp rise in property prices across India’s prime residential markets in 2024: PropTiger Report

Average property values in India’s national capital region showed a whopping 49% appreciation in the past year as demand for luxury homes continued to sustain. This comes amid an escalation in the cost of building materials and labour, a new report by digital real estate transaction and advisory platform PropTiger.com shows. According to Housing.com, the Real Insight: Residential Annual Round-up 2024 report by PropTiger.com reveals that property prices increased across cities during the October-December period of 2024, albeit in varying degrees. While price growth slowed in the southern housing market of Hyderabad after nearly a decade of sharp rise, all other cities covered in the analysis showed double-digit annual appreciation.

The Property Report editors wrote this article. For more information, email: [email protected].