The Rise of Central Lifestyle Districts in Southeast Asia

The real estate landscape has undergone significant transformations over the years, reflecting changes in work, life, and travel patterns. While the COVID-19 pandemic has accelerated these trends, technology has played a crucial role in shaping the way we live and work. This has given rise to a new breed of global citizens and cross-border migration, with Southeast Asia being a particularly prominent region for these shifts.

In Southeast Asia, three key island resort areas are emerging as ‘Central Lifestyle Districts’ (CLDs). These districts are a departure from traditional Central Business Districts (CBDs) and signify a shift towards a more balanced and quality-focused lifestyle.

The pandemic has drawn attention to the importance of lifestyle quality, as people sought refuge in safe havens amidst the uncertainty. C9 Hotelworks, a prominent real estate research firm in Southeast Asia, has conducted extensive research into the impact of these changes on real estate demand. They have identified six key demand generators that are driving the growth of a new nomadic class of global citizens – geopolitical events, urban flight, lifestyle quality, early retirement, international private schools, and post-crypto crash investment in real estate.

Let’s take a closer look at three Southeast Asian tourism islands where Central Lifestyle Districts are evolving:

1. Phuket, Thailand:
Phuket has been at the forefront of this trend for some time. Developers have capitalized on the influx of property buyers who first visited as tourists and later became full-time or part-time residents. The demand for properties in the west coast Bangtao area has soared, transforming it into the Thonglor of Phuket, a reference to one of Bangkok’s trendiest districts. Notable developments include the Laguna Lakelands international community and The Standard Residences.

2. Bali, Indonesia:
Areas such as Batu Balig, Canggu, and Brawah in Bali have experienced significant growth in the wake of the pandemic. Digital nomads, entrepreneurs, and global citizens have flocked to these areas, purchasing properties as full-time or part-time homes. The Nuanu creative community in Tabanan has been a particularly noteworthy project.

3. Mactan Island, Cebu, Philippines:
With its proximity to an international airport, Mactan Island in the Philippines has seen the rise of high-rise towers along its coastline. This growth has transformed the island into a bustling lifestyle district. Leading developers such as Rockwell, Megaworld, Ayala, Robinsons Land, and AppleOne have contributed to the expansion of real estate in the area.

As these Central Lifestyle Districts continue to grow, it is crucial to assess the sustainability of this development. The potential market size of prospective buyers has expanded to encompass a larger, more volatile world. Migration and the formation of new international communities are poised to become defining factors in the future of real estate.

The rise of Central Lifestyle Districts in Southeast Asia signifies a shift towards prioritizing lifestyle and quality of life. As borders continue to blur, property buyers are embracing a new way of living that transcends geographical boundaries.

FAQ Section:

Q: What are Central Lifestyle Districts (CLDs) in Southeast Asia?
A: Central Lifestyle Districts (CLDs) are emerging areas in Southeast Asia that prioritize a balanced and quality-focused lifestyle, in contrast to traditional Central Business Districts (CBDs).

Q: What are the key demand generators driving the growth of a new nomadic class of global citizens in Southeast Asia?
A: The key demand generators identified by C9 Hotelworks are geopolitical events, urban flight, lifestyle quality, early retirement, international private schools, and post-crypto crash investment in real estate.

Q: Which three Southeast Asian tourism islands are evolving into Central Lifestyle Districts?
A: The three islands are Phuket in Thailand, Bali in Indonesia, and Mactan Island in the Philippines.

Q: What are some notable developments in Phuket?
A: Notable developments in Phuket include the Laguna Lakelands international community and The Standard Residences.

Q: Which areas in Bali have experienced significant growth?
A: Batu Balig, Canggu, and Brawah in Bali have experienced significant growth.

Q: Can you give an example of a noteworthy project in Bali?
A: The Nuanu creative community in Tabanan, Bali has been particularly noteworthy.

Q: What is happening on Mactan Island in the Philippines?
A: Mactan Island in the Philippines has seen the rise of high-rise towers along its coastline, transforming it into a bustling lifestyle district.

Q: Which developers have contributed to the expansion of real estate on Mactan Island?
A: Leading developers such as Rockwell, Megaworld, Ayala, Robinsons Land, and AppleOne have contributed to the expansion of real estate on Mactan Island.

Q: What factors should be assessed in the sustainability of Central Lifestyle Districts?
A: As these Central Lifestyle Districts grow, it is crucial to assess the sustainability of the development, considering factors such as market size, migration, and the formation of international communities.

Suggested related link: C9 Hotelworks