Six prominent countries in the region: China, India, Indonesia, Thailand, Philippines, and Vietnam, will see a migration of 300 million people into cities over the next decade, accompanied by a growth in the middle class. China itself is experiencing a monumental increase in its middle-class population with 76% percent expected to make up China’s urban population by 2022. To put that into perspective, this will amount to 550 million people, making China’s middle class alone large enough to be the third most populous country in the world.
According to the World Economic Forum, India’s middle class will be larger than China’s by 2027. Think tank Brookings Institute suggests that by 2030, two-thirds of the global middle class will be living in Asia. This translates to a staggering increase in demand for housing, offices, factories, shops and a wealth of other public facilities and infrastructure types. About 67 billion square feet of housing will need to be but to accommodate these rural-urban migrants. This is equivalent to building 28 Londons over the next decade!
The Asian real estate market has clear potential growth and gives greater diversification than holding a mix of equities, fixed interest, and cash and reduces the risk of narrowly based
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