20250129-莱坊-Asia-Pacific_Horizon_Part_4_Quality_Life-ing_Mapping_Prime_Residential_Hotspots_23页_1mb

Quality Life-ing: Mapping Prime Residential Hotspots Summary

Core Content

This report serves as a comprehensive guide for individuals considering a permanent move to the Asia-Pacific region. It highlights the lifestyle and fiscal benefits of relocating to the area, while also offering insights into housing options to assist readers in making informed decisions. The focus is on identifying prime residential hotspots that offer stability, security, and long-term financial value.

Main Points

• Global Trends in Migration: Affluent individuals are increasingly moving to the Asia-Pacific region due to favorable geopolitical and economic conditions. The report notes a $116%$ increase in millionaire migration from 2013 to 2019, with an expected record of 128,000 transnational millionaires relocating in 2024.

• Intergenerational Wealth Transfer: The Asia-Pacific region is expected to see a significant intergenerational wealth transfer, with an estimated $5.8 trillion by 2030. UHNW families account for about 60% of this total, prompting many to establish family offices to manage wealth transitions effectively.

• Top Destinations for Quality of Life: The report evaluates 15 Asia-Pacific markets using five key indicators: Economy, Human Capital, Quality of Life, Environment, and Infrastructure & Mobility. It identifies leading markets based on these criteria.

Key Markets and Their Highlights

Top Destinations with Leading Quality-Lifeing Scores

• Singapore: Consistently ranks at the top in all five indicators. It is a global hub for finance, offers political stability, and has a thriving family office sector.
• Australia: Known for its diverse lifestyle options, strong economic fundamentals, and high quality of life. Sydney is the financial capital, while Melbourne is the most liveable city in the world.
• Japan: Excels in quality of life and infrastructure. It has one of the highest life expectancies and a robust transportation system.
• Malaysia: Gaining traction due to its digital transformation and favorable business environment. The introduction of a zero-tax rate for family offices in Forest City makes it an emerging hub.
• Thailand: Attracting MNCs and expatriates with its business incentives, healthcare, and education systems. It is projected to grow as an EV manufacturing center.

Emerging Markets with Significant Growth

• India: Projected to grow at a 7.0% GDP rate in 2024, making it the world's fastest-growing economy. The IT sector is expected to reach $350 billion in revenue by 2026.
• Vietnam: Projected to grow at 6.1% in 2024, driven by the 'China+1' strategy. It is becoming a popular destination for expatriates and digital nomads due to its low cost of living and rich cultural experiences.
• Cambodia (Phnom Penh): Expected to see a significant rise in urban population by 2030, creating a growing demand for affordable housing.

Housing Market Overview

2.1 A Snapshot of Choices in Asia-Pacific

• Housing markets in the Asia-Pacific are characterized by high home ownership aspirations and sustained economic growth.
• The region's expanding middle class is a key driver of housing demand in emerging markets.
• Sustained wage growth has supported residential prices, with many markets showing resilience even amid global economic challenges.

2.2 Cross-border Purchases in 2023

• Chinese mainland buyers are a significant source of investment in Thailand and Australia.
• In 2023, the number of units purchased by foreign buyers increased by 25% in Thailand, with over 45% attributed to Chinese buyers.
• Government incentives and favorable ownership regulations are encouraging cross-border investment.

2.3 Prime Residential Prices

• Prime residential prices in the Asia-Pacific region have shown resilience, with a 2.9% YoY increase in Q3 2024.
• Australian cities have seen a consistent rise in prices, with an average of 2.4% YoY increase in Q3 2024.
• Real estate and stock markets are linked through wealth effects, with some markets outperforming their stock counterparts despite economic headwinds.

2.4 Prime Residential Rents

• Prime rents in the region grew by 1.0% YoY in Q3 2024, marking a significant slowdown from the previous year's 11% increase.
• Despite the slowdown, rents are still 8.0% above Q4 2022 levels, indicating strong demand for housing.
• Elevated funding costs are expected to keep buyers hesitant and increase demand for rentals.

Investment and Lifestyle Insights

• Investment Hotspots: Markets like Vietnam, Malaysia, Australia, and Japan are gaining traction among cross-border buyers due to favorable ownership regulations and economic and demographic tailwinds.
• Lifestyle Choices: These markets offer a blend of lifestyle benefits and property price appreciation, making them attractive for both local and foreign investors.

Conclusion

• The Asia-Pacific region remains a key destination for those seeking to secure their wealth and ensure a high quality of life.
• With the Fed on an easing cycle, residential prices are expected to remain on an uptrend into 2025.
• Developers must focus on strategic locations, such as those near international schools, to meet the growing demand for luxury housing in cities like Bangkok.