International News
Phu Quoc Island’s Property Supply Outpaces Tourist Demand as 17,600 Beachfront Properties See Occupancy Rate Below 30%
Phu Quoc Island, a gem of natural beauty and tourism allure, finds itself at a real estate sector crossroads. As of June 2023, over 17,600 beachfront properties, constituting 24% of the total supply remained unsold. The languishing unsold beachfront villas, shophouses, and condotels, present a clear picture of oversupply in the market. This burgeoning supply […]
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Chinese Real Estate Turmoil: Private Companies Show Declines as State-Backed Shares Rise
China’s property sector experienced a tumultuous start to the week as prominent developer Country Garden Holdings plummeted to a record low, triggering a chain reaction of declining property shares. The crisis unfolded on Monday 14 August, causing Country Garden’s stock to nosedive by 18.4% to HKD 0.80, echoing the company’s weekend announcement of suspending trading […]
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CP Foods Launches First Carbon-Free Cage Egg in Asian Market
In a remarkable stride towards sustainable eating and animal welfare, Charoen Pokphand Foods Plc (CP Foods) has introduced an unprecedented innovation – Asia’s inaugural carbon-neutral cage-free egg. This pioneering creation, certified by the Thailand Greenhouse Gas Management Organization (TGO), underscores CP Foods’ resolute commitment to reducing its ecological footprint. CP Foods’ relentless pursuit of environmentally […]
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Political Impasse Casts Shadows on Thailand’s Property Landscape, While Investors Yearn for New Policy Measures
Thailand’s property market finds itself at a crossroads as the nation grapples with a political impasse, leaving its real estate sector in a state of cautious anticipation. With an eye on the new government, industry stakeholders are yearning for policy measures to stimulate the market, particularly in the wake of the previous government’s fee reductions […]
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Three Indicators: Glimmer of Hope for APAC Real Estate Market, but Depending on China
China’s reopening and the perception that interest rates are nearing their peak have led to brighter economic prospects in the region. However, Q1saw a dip in commercial real estate investment, plunging to its lowest level since 2010. Commercial Real Estate Investment and Sector Analysis: The office sector continues to face pressure, primarily due to high […]
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China’s Property Market Struggles Persist as Shimao Group Faces Failed Auction and Sino-Ocean Group Sees Bond Decline
The challenges gripping China’s property market continue to intensify, with alarming developments emerging in the country’s ongoing real estate debt crisis. Shimao Group Holdings Ltd., a defaulting developer, experienced a setback as a $1.8 billion project failed to attract a buyer at a forced auction, even with a significant discount, according to Yahoo Finance. In […]
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Scandinavian Airlines Pioneers All-Electric Flight Experience with Bookings Now Open
Scandinavian Airlines (SAS) has made a groundbreaking announcement on 2nd June, revealing that bookings are now open for its inaugural commercial flights on electricity-powered planes, scheduled to commence in 2028. In a press release issued by the airline, SAS has commenced registration for 30 coveted seats on one of its three all-electric inaugural flights. Notably, […]
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9k Cambodian Tourist Influx Signals Promising Summer for Phu Quoc Island
In a testament to the growing allure of Phu Quoc Island, located off Kien Giang Province in southern Vietnam, approximately 9,000 Cambodian tourists have flocked to its shores within the first five months of this year. This surge in Cambodian visitors highlights the potential of the Cambodian market for the island’s tourism industry, as reported […]
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Chinese Real Estate Market Faces Strain in May, Experts Caution
Amidst growing concerns, the Chinese real estate market experienced a tense period in May 2023, as indicated by a report from the US-based China Beige Book. Despite a surge in prices in April, housing sales in China witnessed a decline, as revealed by a survey of 1,085 business research companies conducted from 18th to 25th […]
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Chinese & Russian Flocks Buying Real Estate in Thailand, Why Not Cambodia?
Amidst a surge in real estate investments from Chinese and Russian buyers in Thailand, Cambodia’s real estate market finds itself at a pivotal juncture, poised to learn valuable lessons from its neighboring country. Thailand’s Real Estate Information Centre (REIC) reports an unprecedented influx of Chinese and Russian investors, with Chinese buyers alone accounting for 49% […]
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