RealEstat.id (Jakarta) – In recent years, as the global economic landscape has evolved, a growing number of enterprises have been exploring greater globalization strategies.
Southeast Asia has become a significant market for manufacturing enterprises looking to expand their overseas footprint.
In response to this trend, Cushman & Wakefield, a leading global real estate services firm, hosted the Breaking into Southeast Asia, New Opportunities for China’s Manufacturing & Logistics Industry forum, held in Shanghai and Shenzhen on October 21 and October 24, 2024.
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At these forums, Cushman & Wakefield’s Logistics & Industrial teams from key Southeast Asian markets Indonesia, Malaysia, Thailand and Vietnam, were joined by leading industrial park developers, law firm professionals and Chinese enterprises to discuss key issues in industrial investment and development opportunities in Southeast Asia markets.
Southeast Asia continues to be a magnet for foreign capital. Last year, inward foreign direct investment to the region reached a record US$229.8 billion, with China accounting for US$17.3bn, an 18.9 percent increase on 2022.
The region is on track to see growth between 4.6% and 4.8% per year between 2024 and 2029; with exports from the region expected to surge nearly 90 percent by 2031 (contrasting strongly with overall global trade growth of less than 30 percent) as global manufacturers look to diversify their supply chains and explore new markets.
Wong Xian Yang, Head of Research, Singapore & SEA, Cushman & Wakefield said, Southeast Asia will continue to play a pivotal role on the global stage as trade flows and supply chains are reshaped.
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"Against this backdrop, the dynamics of real estate market in Southeast Asia remains robust, with a healthy pipeline of new industrial stock and infrastructure developments expected to come online over the next few years,” he said.
Dennis Yeo, Head of Investor Services and Logistics & Industrial, Asia Pacific, Cushman & Wakefield said, COVID highlighted the importance of diverse, resilient supply chains.
"As global manufacturers respond by expanding and diversifying their manufacturing footprint, markets like Thailand, Malaysia, Vietnam and Indonesia stand to be among the greatest beneficiaries, resulting in economic growth and improvements in infrastructure that will strengthen the region as a whole,” he concluded.
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