International News
Singapore residential sales fall 14% due to COVID-19
Singapore-based property consultant EDMUND TIE & Company has reported that private home prices in Singapore fell by 1% quarter-on-quarter (q-o-q) in Q1 2020, according to their URA All Residential Property Price Index. The Non-Landed Property Price Index (PPI) and the Landed Property Price Index also registered q-o-q declines of 1% and 0.9% in Q1 2020 […]
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ASEAN real estate businesses seek solutions for growth post-COVID-19
Over 80% of businesses across the Asia Pacific are seeking solutions to restructuring their real estate portfolios as the COVID-19 lockdown begins to ease amid a ‘new normal’ across the region, according to a survey by JLL. Many are searching for alternative solutions to keeping their business operations including implementing modifications to their offices. The […]
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Vietnam begins construction on VinWonders Phu Quoc giant theme park
Vietnam’s Vinpearl Joint Stock Company officially announced on 01 June a US$1 billion investment for the country’s largest amusement park, the VinWonders Phu Quoc project, on Phu Quoc island situated about 50 kilometres from the southwestern province of Hien Tien. Set on 27 hectares, VinWonders Phu Quoc has won a record as the largest park […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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, […]
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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, […]
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