The PropertyGuru Asia Real Estate Summit brought together experts to discuss how demographic changes are reshaping the real estate landscape in Southeast Asia. Moderated by former international journalist Amy Sawitta Lefevre, the panel featured insights from Dr. Aladdin D. Rillo, Senior Economic Advisor at the Economic Research Institute for ASEAN & East Asia (ERIA), Christine Li, Head of Research, APAC at Knight Frank, and Dr. Nai Jia Lee, Head of Real Estate Intelligence, Digital and Software Solutions at PropertyGuru Group.
With Southeast Asia set to house two-thirds of the world’s elderly population by 2050, Dr. Rillo emphasized the need for developers to rethink housing solutions for the aging. Age-appropriate homes and integrated infrastructure are essential to meet this growing demand. He also noted the region’s dynamism, with green spaces and smart cities playing a pivotal role in enhancing liveability.
Christine Li highlighted the importance of community-focused developments, particularly for multigenerational households. Affordability remains a challenge in gateway cities, but government incentives could promote this living model. She also noted the rise in demand for branded residences and resort homes among the affluent.
Dr. Lee touched on sustainability, a key concern for younger generations like Gen Z, but the challenge remains making eco-friendly homes both accessible and affordable. He ended on a positive note, highlighting the resilience of Asian markets and cultures, known for their ability to bounce back from adversities and create vibrant communities.
Click here to explore how demographic changes are influencing real estate development in Asia.
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