Property Focus
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 […]
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CDC approves investment projects worth close to US$2 billion
The Council for the Development of Cambodia (CDC) has approved investment projects in the sectors of energy, retail, tourism, and commercial buildings with a total investment close to US$2 billion. According to a CDC press release on 25 December, it approved investment projects for a hotel and a commercial building. BOCC Development Co Ltd will […]
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Land Management Ministry to collect revenue from electronic cadastral information service
The Ministry of Land Management, Urban Planning and Construction will collect revenue from an electronic-based cadastral information service, for which the revenue will be registered as income for the national budget. According to the inter-ministry prakas on providing electronic-based cadastral information service dated on 24 December, the procedure for collecting income will be announced later […]
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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 […]
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Phnom Pen-Bavet Expressway Gets New Study
Ministry of Public Works and Transport has unveiled that China Railway Corporation is conducting a study on the Phnom Penh-Bavet Expressway project in detail for making result report which will be submitted to the government to consider for investment. The study for detail has been made after the ministry and the Chinese company signed a […]
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Investors Shift Interest to Properties Outside Phnom Penh
In Phnom Penh, developers have been focusing on launching new housing and condominiums over the past years.
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New roads along rail track sideways to link to US$2 billion express way
Phnom Penh Municipal Hall and the Ministry of Public Works and Transport is studying the feasibility to construct two new roads along the sideways of the rail track which will connect to the US$2 billion expressway, said the press release. According to Phnom Penh Municipal Hall’s press release, the project is under a studying stage […]
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10-year master plan to transform Kep into a ‘relaxation and high-end tourist destination’
The Ministry of Tourism is currently drafting a 10-year master plan that will transform the coastal province of Kep into a ‘relaxation and high-end tourist destination’. The Kep provincial administration organised a meeting on 11 December to discuss the strategy for the tourism master plan for Kep to become a relaxation and high-end tourist destination’ […]
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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 […]
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Poipet PPSEZ Opens Officially
The Poipet PP Special Economic Zone (Poipet PPSEZ), a wholly-owned subsidiary of the Phnom Penh Special Economic Zone, was officially opened for operation on 9 December in Poipet city, Banteay Meanchey province. The launch ceremony was held at the same time as the official opening of Japanese firm Sumitronics which has invested in the zone. […]
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