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Thailand strong amid drop in Asia-Pacific hotel investment
Thailand strong amid drop in Asia-Pacific hotel investment

Investment in the hotel real estate market in Asia Pacific has fallen 22 percent in the first nine months of 2017 compared to the same period last year according to a report by real estate consultancy JLL. The group noted that the drop to USD5.3 billion in investments was largely due to a lack of assets on sale and a significant gap in pricing between buyers and sellers.  JLL identified Hong Kong, Japan and Thailand as the key market drivers with Japan enjoying a growth in investment Read More


Asian commercial real estate growing as world percentage
Asian commercial real estate growing as world percentage

A recent study by CBRE has shown a rise in Asian commercial real estate as a percentage of global supply, with Tokyo representing the world’s biggest single market. The Japanese capital tops the list with with a total value of investable real estate of USD711 billion, followed by New York (USD657 billion) and Los Angeles (USD482 billion). The US topped the nation’s list with its top cities performing well.  The top 10 cities in the world accounted for approximately USD4 tr Read More


Sky forest for Vietnam real estate project
Sky forest for Vietnam real estate project

Plans have been revealed for one of the most innovative real estate projects in Vietnam with an ultra-high rise tower development featuring a ‘sky forest’ at its top. The design for ‘Empire City’ by architect Büro Ole Scheeren is for a mixed-use development on the Saigon River in Ho Chi Minh City (HCMC) and if built will be the tallest building in Vietnam. The three-tower development will contain apartments, a luxury hotel, offices and condominiums.  Ho Read More


Hong Kong apartment sale highest in Asia
Hong Kong apartment sale highest in Asia

A luxury apartment in Hong Kong’s exclusive Peak district has sold for USD17, 000 per square foot making it Asia’s most expensive residential real estate by area. The unidentified buyer purchased two adjoining apartments for a total of USD220 million with the square footage record broken by the smaller of the two which sold for USD80 million.  Hong Kong is currently experiencing a huge boom across all areas of real estates, most notably commercial were rates remain the hig Read More


Singha, Hong Kong Land ink JV
Singha, Hong Kong Land ink JV

Singha and Hong Kong Land have signed a deal to develop a luxury condominium project in Bangkok’s central business district. Singha Estate is the property development arm of Boon Rawd Brewery which produces the iconic beer. The USD61.3 million project is the second time the companies have come together in a real estate joint venture.  The first project, The Esse Sukhumvit 36, is a high-rise condo project worth USD199 million and was launched in November 2017. The joint venture h Read More


Myanmar condo rentals take fall to houses
Myanmar condo rentals take fall to houses

Rentals of condominiums to foreign tenants have taken a fall in the first half of 2017 as the market becomes saturated and the renters increasingly seek detached houses.  Condo rental transactions have fallen by ten percent in 2017 according to a report in the Myanmar Times. Demand for rentals from foreigners and families is shifting to detached homes which can usually rent for between USD3,000 and USD4,000 a month and supply in this sector is increasing, especially in Yangon. Foreigners Read More


Singapore tower sold for USD1.5bn
Singapore tower sold for USD1.5bn

A transaction between two of the largest players in Asian real estate has seen Asia Square Tower 2 has been sold in Singapore for around USD1.5 billion, the second largest sale of an office building ever in the city-state.  CapitaLand Commercial Trust agreed to buy Asia Square Tower 2 BlackRock Inc.’s from Blackrock in a deal which was funded by a rights issue of about USD513 million and bank borrowings of about USD822 million.  Capitaland remains Singapore’s largest offi Read More


HCMC ghost tower repossessed
HCMC ghost tower repossessed

A notorious uncompleted tower project in Ho Chi Minh City, Vietnam has been repossessed by creditors amid claims that over USD300 million in debt has been accrued by investors. The Saigon One Tower in the city’s District One area has stood empty since 2011 following a local property market crash. Construction on the “Ghost Tower” as it has become known began in 2007 and work on the 195m, 41-story tower was due to be completed in 2012. After a five-and-a-half-year delay, local Read More


Koh Mak beachfront on offer
Koh Mak beachfront on offer

A slice of untouched beachfront on Koh Mak island in Gulf of Thailand near the Cambodian border has been put on the market as part of plans to attract more development to the slice of paradise. Just 16 square kilomeres in size, Koh Mak is surrounded by 50 other secluded islands in a radius of just 20km.  Award-winning villa developer Siam Royal View Group (SRV) has announced plans to sell 430,000 square metres of prime beach land with more than a kilometre of shoreline on Koh Mak for US Read More


Home ownership a priority in Southeast Asia
Home ownership a priority in Southeast Asia

A Regional Consumer Sentiment Survey by online property group PropertyGuru has shown that owning a home remains a high priority for citizens of major Southeast Asian nations. The September survey reflected the strong desire by consumers in Singapore, Malaysia, Indonesia and Thailand to purchase residential property with 50 percent of recipients intending to buy within the next six months.  Indonesian consumers were the most optimistic about the real estate market with 60 percent inten Read More


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