Jan 29, 2026

Summary:

1. Singapore Housing Market: Currently balanced with slowing price growth but steady demand. Shophouse sales in 2025 are at their lowest since 2014, indicating buyer selectiveness. Public housing launches in early 2026 are limited, suggesting tighter supply.

2. Indonesia Hotel Investments: Strong growth expected with a US$150 million investment pipeline by 2026, fueled by tourism recovery and government support. High foreign guest occupancy rates (up to 97%) in five-star hotels show robust demand.

3. Seoul CBD Office Supply: By 2029, only 56% of projected office supply will be leasable, signaling a significant supply shortage and potential investment opportunity.

4. Malaysia Residential Market: Flat performance in 2025 overall, with Johor as the standout state showing growth and confidence; other states remain cautious with declining transactions.

5. Singapore REITs and Stocks: Positive momentum in key REITs like OUE REIT (10.6% distribution growth), while some logistics REITs face slight declines due to lower revenues.

6. Other Notes: Singapore retail occupancy remains resilient; India’s real estate funding outlook is improving; resale condo markets show mixed signals but value-driven launches perform well.

Recommended Investment Opportunities:

1. Singapore Private Residential Properties: With balanced market conditions and tighter public housing supply, well-located private homes, especially shophouses and prime condominiums, offer stable returns due to selective demand.

2. Indonesia Hotel Sector: Tourism recovery and high occupancy rates make hotel properties and hospitality assets attractive investments, especially in key leisure cities.

3. Seoul CBD Office Space: Anticipated office supply shortage by 2029 creates a strong opportunity to invest in or develop office properties for leasing income and capital growth.

4. Singapore REITs: Income-focused investors should consider high-performing REITs like OUE REIT, while monitoring logistics REITs for potential volatility.

5. Johor Residential Market (Malaysia): Johor stands out as a growth market within Malaysia, presenting better prospects for residential property investments.

Cautions:

• Keep an eye on interest rate changes and regulatory policies across markets as these impact demand and yields.
• Avoid or be very selective in markets showing stagnation or decline, such as most Malaysian states outside Johor and weaker logistics REITs.
• Prioritize asset quality and prime locations in increasingly selective markets to ensure resilience and value retention.

Stay Well!