Property Focus
Hongkong Price Fall Continues
Despite recently retaining the title of being the most expensive city in the world to live in, Hong Kong’s property market has been struggling in 2016 with strong downward pressure on prices.
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Luxury High-Rises for Yangon Riverside
The Yangon skyline is set for a big change following the announcement of luxury high-rise riverfront development projects in one of city’s most impoverished areas.
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Mitsubishi Invests in Huge Hanoi Suburb
Mitsubishi is partnering with Vietnamese real estate group Bitexco to develop part of the new USD1.9bn Manor Centre Park suburb in Hanoi.
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Bangkok’s Tallest Tower Complete
Residents will soon start moving in to the completed 77-storey MahaNakhon Tower which is now Bangkok’s tallest building.
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Foreign Ownership Practices Tightened
The Ministry of Land Management, Urban Planning and Construction has instructed all districts in Phnom Penh to halt the provision of soft title ownership documents in co-owned buildings in foreigners’ names.
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Cooling Vietnam’s Hot Property Market
Having experienced surging growth amid stagnation in other ASEAN markets, Vietnam’s property sector has had cooling measures imposed by a government nervous of the market overheating.
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Asia Pacific Commercial Investment Tumbles
Total commercial property investment turnover in Asia Pacific tumbled by 36 percent in Q1 2016 according to a CBRE report.
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Japanese Investors Lead in Vietnam
A stable economy, robust real estate market and a dynamic, savings-focused young population are attracting significant numbers of Japanese property investors to Vietnam.
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ASEAN Resorts Look to the Skies
Airport upgrades and new constructions are taking place across ASEAN’s top resort areas to increase tourist numbers and drive their real estate markets.
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Qataris Buy Singapore Tower
Asia Square Tower 1, a landmark premium Singapore office skyscraper has been sold to a fund to the Qatar Investment Authority (QIA) for USD2.45 billion, reports World Property Journal.
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