International News
ASEAN: StoryTeller lets companies and clients buy real estate digitally
PropertyGuru FastKey has launched the ‘StoryTeller’ feature, a 360-degree digital real estate project tour that enhances the experience of home buyers to assess property projects as real-world tours just like they are walking in real life. The buyer can choose to look at any project that they are interested in and can also choose to […]
Read More
Vietnam’s military court sentences former defense minister to 4 years in prison over land scandal
Vietnam’s military court on Thursday sentenced a former deputy defense minister to four years in prison for illegally transferring three land plots in Ho Chi Minh City from the navy to a private investor, according to a press release published on e.vnexpress.net on 21 May 2020. The Vietnam state media reported that Vietnam’s Navy Admiral […]
Read More
Singapore’s Changi airport to suspend operations on Terminal 4 from 16 May
Singapore’s Changi airport will suspend operations for the second time from 16 May at Terminal 4 following the suspension of operations at Terminal 2 at the beginning of May. According to a Changi Airport press release on 12 May, Terminal 4 operations will be temporarily suspended from 16 May 2020 due to a sharp decline […]
Read More
Chinese researchers: Service industry hugely affected, after nine infected with COVID-19 via air-conditioning
Chinese researchers have announced that nine people from three healthy families have been found to be infected with the COVID-19 virus after sitting at tables next to an infected person while dining in a windowless restaurant in Guangzhou, China. They have theorized that the air-conditioning in the restaurant could have blown the viral droplets from […]
Read More
Singapore converts Changi Exhibition Centre to the community isolation facility
Singapore has converted the Changi Exhibition Centre into a community isolation facility to treat COVID-19 patients, as the country becomes Asia’s most infected nation after China and India. A former Singapore Airshow venue, the Changi Exhibition Centre (CEC) is now being used as a community isolation facility with an indoor capacity of 33,000 square meters […]
Read More
Coronavirus impacts Thai property market
With the ongoing ‘global health emergency’ declared by the World Health Organisation (WHO) over the coronavirus impacting travel by Chinese investors, regional economies and property markets have been feeling the pinch, with Thailand feeling it more than most. Since 2016, Chinese investors have accounted for the majority of property purchases in the Thai Kingdom. However, […]
Read More
Investing in international real estate
The idea of investing properties abroad is not new and has always proven to be popular among wealthy Cambodian buyers due to many reasons, for example; the high standard of education offered in the city, good public transportation, being a leading tourist destination, favourable time zone, strong legal structure, a property safe haven etc. Furthermore, […]
Read More
Foreign condo transfers rise again in Thailand
Foreign condominium purchase transfers in Thailand showed a 1.8% year-on-year rise in the first three quarters of 2019 with Chinese investors leading the way accounting for almost 58% of all transfers. The majority of the transfers were the result of off-plan purchases made over one year ago and the rise in transfers reflects the strong […]
Read More
Bangkok housing scheme to be Thailand’s largest
Thai property company Magnolia Quality Development (MQDC) will expand the Forestias residential project on the outskirts of Bangkok to create the largest residential project in Thailand. The expansion will be funded with an investment of US$1.2 billion in addition to the US$3billion already invested. The project size will also increase by 16 hectares from 48 […]
Read More
Property prices stagnate in the Philippines
The Philippines central bank Residential Real Estate Price Index (RREPI) for Q2 2019 showed that house prices grew by only 0.4% year-on-year which represents and downgrade on the forecast of 3.7%. Despite all other housing types seeing prices decreases, including 7.9% for duplexes, condominium unit prices remained relatively robust rising 4.5 per cent between the […]
Read More