International News
South Korea launches smart city project in Busan with ASEAN leaders
South Korea said they will build the country’s first “smart city” in Busan by 2024, where the infrastructure facilities and massive data collection will be controlled and maintained by the internet of things sensors, according to the Yonhap News Agency, on 24 November. President Moon Jae-in attended the ground-breaking ceremony for the Busan Eco Delta […]
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Thailand’s economic corridor sees residential projects boom
Thailand’s enormous Eastern Economic Corridor (EEC) has seen residential projects achieve a combined value of US$18.4 billion, according to the Government Housing Bank’s Real Estate Information Centre. Reporting on the government data, The Nation newspaper noted that the economic corridor, incorporating the provinces of Rayong, Chonburi and Chachoengsao, now has 30,954 residential projects as of […]
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Malaysia reduces minimum property ceiling for foreigners
The Malaysian government has significantly reduced the minimum property purchasing amount for foreign buyers from US$238, 581 to US$143,149 in a move which has brought support in some quarters and opposition from others. While the country’s biggest property developer group, the Real Estate and Housing Developers’ Association (REHDA), applauded the move saying it will help […]
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Shift in Chinese manufacturing drives Vietnam industrial rent rises
The US-China trade dispute is fuelling an exodus of Chinese manufacturing to SE Asian nations with Vietnam directly benefiting. According to a new report from real estate analysts JLL Vietnam, strong demand for industrial space saw rental price rises in Q2 2019 by up to 15.8% year-on-year with average occupancy in South Vietnam’s Southern Key […]
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Thailand’s largest ever property development underway
Bangkok is set to see development of the largest ever private sector property initiative with the launch of the US$3.9bn, 1.8 million m2 One Bangkok complex. The five-tower complex will incorporate 500 company offices employing 60,000 people, five hotels, 1,359 condominium units and multiple shopping malls. When complete, one of the towers will be in […]
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Real Estate Investment Drives Myanmar Economy
A booming property market in Myanmar has seen real estate rank in the top three of sources for foreign direct investment in the last year.
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Vinhomes to List on Hcmc Stock Exchange
Vietnam’s largest property developer is listing 2.7 billion shares on the Ho Chi Minh City Stock Exchange (HoSE) for its luxury villa and serviced apartment subsidiary Vinhomes.
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Experts Share Visions At 7th Annual Vertical Cities Conference
The 7th Annual Vertical Cities conference, organised by marcus evans, was hosted in Thailand in March with industry experts gathering to share their knowledge on vertical cities across the spectrum of planning, design, building operation, sustainability and long-term commercial viability.
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Capitaland Expands Local Footprint
Singapore’s leading property developer CapitaLand purchased the high-rise 37-storey Pearl Bank Apartments in the city-state’s Chinatown area for USD550 million in January to redevelop the site.
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Uk Sells Thai Embassy
The UK Foreign and Commonwealth Office (FCO) is to sell its 3.7ha Bangkok embassy in the Thai capital’s exclusive Wireless Road area for USD600m.
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