21 Apr '15, 2am

The fight to be first in #ASEAN

This year marks the creation of the ASEAN Economic Community (AEC), a single market of more than 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 to the report. Southeast Asia, notably Vietnam, Myanmar and Thailand, has served as a low cost alternative to China. An additional more than 8 million people every year will be making the rural to urban migration across Southeast Asia by 2020, helping to push the urbanisation rate for the region to above 50 percent, from 47 percent today. The region’s middle class is expected to grow by another 70 million by 2020, as highlighted in the research document.

Full article: http://www.propertyguru.com.sg/en/property-management-new...

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