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Rising middle class, urbanisation and competitive labour costs will continue to benefit the region’s real estate markets
This year marks the creation of the ASEAN Economic Community (AEC), a single market of over 600 million people. This large economic and population bloc has already translated to significant opportunities through increased inter- and intra-regional trade, tourism, expanded financial and insurance services and higher demand for logistics, according JLL’s upcoming research report ‘The Emerging Powerhouse of Southeast Asia: What does it mean for Real Estate Investors?’.
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