"Co-living is defined as a form of rental housing which includes shared living rooms and kitchens apart from private rooms within a single building."

"The recovery of the tourism sector in the first quarter of 2023 has aligned with expectations, providing support for a positive outlook. In the fourth quarter of 2022, real GDP grew by 1.4% year-onyear. Bangkok, as the capital city, holds significant importance for the national economy, contributing to 34% of Thailand’s GDP. "

"Since the entry of Oakwood Gold Arch Residence Guangzhou on Ersha Island to the market in 2000, the Guangzhou serviced apartment market has developed for more than two decades."

"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%."

"The World Bank has affirmed that GDP is projected to grow by 6.3% in 2023-24, while the average inflation rate is estimated to be 5.2% over the same period. The primary factors contributing to the downward trend in inflation include the easing of global commodity prices, a slower pace of currency depreciation, and a moderation in domestic demand."

"The tourism industry has played a significant role in the economic recovery of Macau. The city’s gaming revenue saw an astounding YoY growth of over 300%, reaching 49.3 billion in the first four months of 2023. Moreover, statistical data as of April 2023 indicates that the rebound in gaming revenue has exceeded the quarterly target and is expected to continue its upward trend."

"With increasing economic challenges and the shedding of workers in the tech industry, the Singapore office market is now at a crossroads. Although many tenants have been impacted by the troubles afflicting their respective industries, their office leases still have a reasonable runway left, courtesy of signing long term leases when times were good. However, today, more find themselves with space which they do not need and are actively trying to lease out."

"2022 has been a year of challenges for most economies. Supply chain disruption and geopolitical events such as the Russian invasion of Ukraine and the subsequent spiralling of energy prices among other things, have meant that inflation has remained beyond the comfort level of most central banks."