Local News
Myanmar Gov Scraps 5 Property Developments
The Myanmar government has scrapped five planned real estate developments in Yangon following protests by nationalist monks at their proximity to Shwedagon Pagoda, the nation’s holiest Buddhist site.
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CVEA Signs Mou to Sell 4 Major Projects
After granting the rights for its members to sell units in the The Bay project, the CVEA has brought a further three large-scale projects to its members to sell.
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Singha Starts Ambitious $530m Growth
Thailand’s Singha Estate PCL, the property arm of Singha Corporation, plans three acquisition deals, worth at least 18 billion baht (around $530 million), during this year.
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Thai Property Sees Surge in Chinese Buyers
According to Juwai.com's Chinese Purchasing Intent Index for Thailand, the rate of Chinese investors buying property in Thailand has surged 180 percent in the last year.
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Asia Pacific Retail Leasing Static in Q2
According to CBRE's latest research, overall retail leasing activity in Asia Pacific in Q2, 2015 remained static, with the exception of Tokyo, where activity was robust.
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Singapore Expo to Sell Myanmar Condos
Vietnam’s property developer FLC Group has taken over a troubled project in Hanoi by buying a 22.8 percent stake in the owner and is now preparing to start construction on the site.
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Asia-pacific Property Fundraises $534m
Pramerica Real Estate Investors has raised $534 million for its Asia Property Fund (ASPF) III, the third in a series of real estate funds investing in the Asia Pacific region, according to Deal Street Asia.
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Emergency/fire Response Working Group Established
A new working group was established in August to help standardise fire safety mechanisms to protect people and property according to AZISAFE Cambodia Managing Director Paul Hurford.
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Property Bubble Brewing?
Concerns that Cambodia’s booming construction and property sectors were becoming unsustainable were dismissed by a meeting of senior cross-ministry and industry representatives on 18 August.
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Olympia City’s 60-floor Building to Start in 2016
Construction on the 60-storey building inside the massive Olympia City project is likely to kick off next year, said its project manager.
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