"Geographic diversification is not the only way that the sector is changing, with new buyers and new brands boosting branded residences"

"The Philippine Gross Domestic Product (GDP) grew by 6.4% in Q1/2023 – its slowest since the economy rebounded in Q2/2021. Domestic consumption took a massive hit from rising interest rates as it started to decelerate to 6.3% YoY from 8.3% in 2022. "

"Pakistan’s macroeconomy in the first half of 2023 continued to face challenges as inflation soared to 36.4% in April and the interest rate remained at a high of 21%."

"Since the Taiwanese government lifted COVID-19 restrictions in mid-October last year, the tourism market has gradually reopened. As of Q1/2023, the number of visitors to Taiwan reached approximately 1.1 million, approximately 40% of total tourist numbers during the first quarter of 2019."

"It was four full months since border reopened, and Hong Kong has welcomed 7.3 million visitors (5.7 million from Mainland) over the period, representing around 30% of pre-COVID levels."

"Ha Noi’s GDP growth improved by 5.8% YoY in Q1/2023, higher than the national average of 3.3% YoY. Industry and construction expanded by 2.4% YoY, and services saw robust growth of 7.4% YoY. Administration and services recorded the greatest increase at 35.1% YoY, followed by finance, banking, and insurance at 9.7% YoY, real estate at 9.4% YoY while warehousing and transportation increased by 6.9% YoY."

"There has been a change in the economic structure of most Southeast Asian countries, including Indonesia with the manufacturing sector gradually taking over from agriculture. In the first quarter of 2023, the contribution of agriculture to Indonesia’s gross domestic product was around 12.5%, while manufacturing contributed approximately 23.5%."