Housing and Building Materials Market in Southeast Asia: Key Research Findings 2020
Yano Research Institute (the President, Takashi Mizukoshi) carried out a survey on the market of housing and building materials in major five Southeast Asian countries and found out the current status and the future perspectives.
Summary of Research Findings
Housing starts in major five Southeast Asian countries (Indonesia, Malaysia, Thailand, Vietnam and the Philippines) for 2019 slightly declined from the previous year. The market size of building materials in the above countries marginally grew from the preceding year.
Impact of COVID-19 Infections to Major Five Southeast Asian Countries Differ by Each Country
As of October 2020, the influence of COVID-19 pandemic to the economy and housing starts in Vietnam and Thailand, where relatively small number of infections, is likely to be minor and short term, whereas the impact to Indonesia, Malaysia, and the Philippines with a large number of infections is expected to be long term. In particular, the status in Indonesia has been a concern, because there are many Japanese companies developing business.
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