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Construction costs overtake geopolitical concerns for real estate investors: CBRE survey

Jovi Ho
Jovi Ho • 3 min read
Construction costs overtake geopolitical concerns for real estate investors: CBRE survey
Construction costs in Singapore remained the highest in Southeast Asia last year at about US$3,104 per sqm, according to a July 2025 report by Turner & Townsend. Photo: Bloomberg
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In hindsight, the real estate sector’s reaction to US President Donald Trump’s tariff sabre-rattling in early 2025 was “a bit overblown”, says Ada Choi, CBRE’s AsiaPacific research head.

Latest gross domestic product (GDP) figures from the region “are still very good”, adds Choi, and geopolitical concerns were less prominent a factor in the latest edition of CBRE’s Asia Pacific Investor Intentions Survey.

Instead, the biggest worry weighing on real estate investors’ minds was the rising cost of construction and related labour costs — a first since CBRE started conducting the survey in 2014.

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