Previous Issue : Property |  December 2011

Taller. Higher. Bigger. These words are definitely not from the Olympic motto, but probably the mantra of the many real estate developers behind the very robust property market in Southeast Asia. Construction is everywhere, with skylines in a constant state of flux. Thoughts of economic down turns are far from everyone’s mind with this surge in the property business. In recent trips around the region, I sometimes just look in wonder as new skyscrapers, malls, office buildings, hotels and homes are built. I find it often tempting to just walk into these structures and see what they have to offer. The burgeoning real estate market is reaching fever pitch. I believe that this real estate boom is one of the main factors contributing to the economic growth in the region. There is more disposable income, which eventually translates to increased spending. Whether this spending is done in the malls, in restaurants, in buying real estate or in travel, it is definitely a good indicator of things to come.