Southeast Asia attracts manufacturing, and other headlines

For PropertyGuru’s real estate news roundup, Southeast Asia is becoming a hub for manufacturing. In other reports, Bangkok’s office market is witnessing heightened competition as landlords respond to changing tenant demands and increased supply. Lastly, Dubai’s rental market continues its upward trajectory, with annual rents increasing by 20.8 percent in November.

Supply chain shifts to drive more manufacturing to Southeast Asia – JLL

Southeast Asia is becoming a hub for manufacturing as global companies reconfigure supply chains to mitigate risks and reduce costs, RETalk Asia reports. According to JLL, the region’s favourable policies, young workforce, and proximity to major markets make it a compelling choice for investors. “Countries like Vietnam, Indonesia, and Thailand are particularly poised to benefit,” noted a spokesperson from JLL. Infrastructure upgrades and trade agreements enhance the region’s appeal, underscoring its growing prominence in global manufacturing strategies.

Rivalry builds in Bangkok’s office market

Bangkok’s office market is witnessing heightened competition as landlords respond to changing tenant demands and increased supply. According to a recent analysis, premium-grade office spaces are emerging as the key battleground, with developers integrating sustainable features and flexible designs to attract corporate clients. “This surge in new supply is reshaping the dynamics of Bangkok’s office sector,” experts noted in the Bangkok Post article. Despite economic challenges, the city remains a strategic location for multinational firms looking to establish regional headquarters.

Dubai’s annual rent prices surge 20.8 percent in November: Report

According to a recent report in Economy Middle East, Dubai’s rental market continues its upward trajectory, with annual rents increasing by 20.8 percent in November. Apartments saw the steepest hikes, while villa rents followed closely. The report attributes this surge to high demand and limited supply, particularly in prime locations. With population growth and investor interest driving the trend, Dubai’s rental market shows no signs of cooling off.

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