Attracting Investments to Phnom Penh
The ease of doing business is a critical consideration for a company to invest in a country. According to the World Bank, Cambodia is ranked at 131st place in terms of the ease of doing business, compared to 1st and 3rd for Singapore and Hong Kong, respectively. Singapore has been ranked the easiest place to conduct business in Asia as English is the official language. Over the years, governmen...
Read MoreJapanese Go Ultra-luxury in Phuket
A leading Japanese property developer has entered into a joint venture to create an ultra-luxury residential project in Phuket, Thailand worth an estimated USD174 million. Kajima Overseas Asia has joined with Minor International (MINT), a SET-listed operator of hotels and restaurants worldwide to develop Avadina Hills; 16 luxury villas spread over 1.8 hectares. Phase 1 will see 11 villas built ...
Read MorePhnom Penh’s Office Market – a Health Check
In recent years, Phnom Penh has seen a growing number of new office developments and many developers excited about the flurry of activities. But is the market strong enough to absorb all these new spaces? Asian cities have long dominated the most expensive office markets in the world with Hong Kong being the acknowledged long-time leader. Phnom Penh however is one of the lower-ranked Asian citi...
Read MorePrice Differences Between Old and New Condominiums
Overseas buyers of condominiums in Phnom Penh are surprised by the fact that prices for newly- launched projects can be so much higher than buildings that were completed three to five years ago in almost exactly the same location. Here in Phnom Penh, it is not just location that drives price, there are other more important factors such as age, design and specification of the building and how th...
Read MorePrices Soar for Luxury Villas in Coastal Cities and Towns
https://youtu.be/3o45KGZFQqE The limited number of new luxury villas in Sihanoukville and Koh Rong has led to the increase in price for the villas as demand is relatively strong in this niche market. Market preference has shifted towards hotel-branded products that offer the ability to generate rental income, quality management, five-star services and facilities. 2016 proved to be a good...
Read MoreProperty Investment as an Income – Producing Asset
Low interest rates on saving accounts encourage investors to buy properties as an income-producing asset. In Cambodia, more and more people are buying properties to lease out. But to get the best returns, it requires detailed knowledge of the real estate market and what drives rental markets. Most Cambodian (or Asian buyers in particular) prefers to own a property rather than rent a property. For ...
Read MorePhilippines Bans Workers to Qatar
The Philippines has banned workers from travelling to Qatar after four neighbouring Gulf States imposed a blockade on the tiny emirate in protest at alleged links to terrorist funding at the start of June. There are over 140,000 documented Filipino workers reside in Qatar, with many working on huge construction and infrastructure projects related to the 2022 FIFA World Cup. The government of...
Read MoreBanda Malaysia Facing Collapse
The largest real estate project in Malaysia faces collapse after the government cancelled the contract with the Chinese-Malaysian developer in May after it failed to meet payments. Banda Malaysia was intended to be a flagship development creating a new business district and transport hub in downtown Kuala Lumpur spread across almost 200 hectares. It was also intended to be location of the st...
Read MoreIncomplete Projects Hamper Vietnam
Despite Vietnam’s real estate market grabbing attention and headlines for its strong performance in recent years, prospects in the north continue to be hampered by large numbers of incomplete projects. Hanoi recorded 5,400 transactions and HCMC 5,870 respectively between January and May 2017 with May showing a strong average of 13 percent growth nationwide. The majority of deals are being tr...
Read MoreThai Realty Market Rebounding
The condominium market in Bangkok has experienced a slight upturn in Q1 2017 thanks to growing demand and a slowing in new projects coming online. Pre-sales of new projects in Q1 2017 was solid at 67 percent, a 3 percent increase over the same period in 2016. Both completion dates and sales slowed following the death of the Thai king in 2016. The average selling price for new CBD condominium...
Read MoreRentals Driving Yangon Market
With a vibrant rental sector driving the Yangon market, Myanmar real estate experts believe this trend could catalyse investment into residential developments and construction of new units. Rental fees in Yangon offer much higher returns on investment than any neighbouring countries such as Thailand and Vietnam. This offers great opportunities for local and international investors, who can now ...
Read MoreHong Kong Market Hits Record Highs
Residential property values in Hong Kong are now 75.9 percent higher than they were 20 years ago when the city was handed over to Chinese rule according to JLL’s Land and Residential Market Review. Investment from People’s Republic of China (PRC) continues to drive prices skyward in what is already the world’s most expensive city. The share of residential sites awarded to PRC develope...
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