International News
Exquisite US$2 Million Motorhome Redefines Luxury Travel with 5-Star Hotel Experience
A Paradigm Shift in Mobile Luxury: Unveiling the US$2M Motorhome Designed as a 5-Star Hotel In the realm of mobile opulence, a remarkable creation has taken the luxury travel scene by storm. At first glance, it may resemble an ordinary vehicle, but this exceptional motorhome, priced at a staggering US$1.7 million, transcends all expectations with […]
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Siam Makro Plc to Invest Over US$800 Million in Retail and Wholesale Business Expansion
Siam Makro Plc, the operator of Makro cash & carry stores and Lotus hypermarkets, has announced plans to invest 25.3-27.5 billion baht (over US$800 million) this year to expand its retail and wholesale businesses. According to Saowaluck Thithapant, Group Chief Executive of Siam Makro, ” This move is in anticipation of a positive impact on […]
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Russians Overtake Chinese to Become Biggest Phuket Condo Buyers as Russia-Ukraine War Continues
Amidst the ongoing conflict between Russia and Ukraine, Russian investors have become the leading purchasers of condominiums in Phuket, Thailand, overtaking Chinese buyers from the top spot. “Last year, Russians became the leading purchasers of condominiums on the island, dislodging Chinese buyers from the top spot. According to Thailand’s Real Estate Information Centre, 40% of […]
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Thailand Expects US$3bn Foreign Investment This Year
A minimum of 100 billion baht is expected to flow into Thailand through foreign investment, supported by several factors. “The active foreign investment is supported by the country being fully open in terms of both tourism and investment, as well as anticipated expansion of production bases in Thailand by international firms, particularly in industries with […]
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Australia Stops Using Chinese-made CCTV in All Key Administrative Buildings
The Australian government has decided to stop installing CCTVs made by Chinese tech companies in its government buildings, claiming those CCTVs could pose a security risk to the country, according to DW News on 9 February. Manufacturers such as Hikvision and Dahua have provided at least 913 CCTVs, intercoms, electronic inputs and video cameras at […]
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China’s Real Estate Market Expected to Recover by 2023
Since the first half of 2021, China has experienced a rapid decline in property prices and home sales. Many developers had liquidity issues with deteriorating balance sheets. However, the situation is expected to stabilise in 2023, experts said. Investment in real estate in 2022 fell 10% from 2021. Property sales slumped by 26.8%, the National […]
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Indonesia to Break Ground on US$2.7bn Housing Project in New Capital in Q2
Indonesia plans to begin construction of its US$2.7 billion large-scale residential project for civil servants in its new capital by Q2 this year, reported Reuters on 18 January. Head of the Nusantara National Authority Bambang Susantono said his office was negotiating with three private developers for the housing project: a consortium of China’s CCFG Corp […]
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The best of the best real estate developers, and projects prevail at the 17th PropertyGuru Asia Property Awards Grand Final
PropertyGuru Group, Southeast Asia’s leading property technology company, on 9 December announced the regional winners representing the Best in Asia at the 17th Annual PropertyGuru Asia Property Awards Grand Final, presented by Kohler and supported by Leading Real Estate Companies of the World. Also known as the finale of the 2022 PropertyGuru Asia Property Awards […]
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Wealthy Foreigners Can Now Buy Land, Houses in Thailand
The Thai government has agreed to allow foreigners to purchase houses and up to a rai of land if they can show an investment of at least 40 million baht. The directive will be in effect for five years after it has been published in the Royal Gazette, which should be soon, the government said. […]
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Chinese Gov’t Asks Top Banks to Provide Over US$84 billion to Rescue Real Estate Sector
China’s financial regulators have asked its six largest banks to provide 600 billion yuan (US$84.32 billion) of financial support in any form including mortgages, loans to developers, and purchases of their bonds, to help recover the real estate sector. Bloomberg News reported on 30 September that this is the latest scheme after a series of […]
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