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ខ្មែរ 
Local News
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. The largest is Riverfront Garden, a China-Myanmar joint venture which will develop 13 luxury condominium high-rises along the Hlaing River. Nearby Hlaing Tharyar is the largest township in Yangon and is famous for being the largest s...
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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. Mitsubishi will have a 45 percent holding in the joint venture to develop 8,700 units on 190 hectares located 8km outside the capital. Manor Park Centre will provide housing, retail and office buildings and a park and sports centre for Vietnam’s rapidly gr...
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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. The iconic property development will feature 209 Ritz-Carlton Residences, as well as a five-star Edition Hotel by Marriott International, boutique shops and several restaurants. Conceived by Pace Development, the MahaNakhon Tower sets new standards in superluxury in Bangko...
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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. The 2010 Foreign Ownership Law makes it clear that only condominiums can be owned by foreigners and that properties in co-owned buildings (like apartments) require ownership through a nomin...
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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. The State Bank of Vietnam announced that from 1 January 2017, commercial institutions will be allowed to use no more than 40 percent of short-term funds for mortgages and other real estate lending. Credit exposure...
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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. CBRE’s Q1 2016 Market view blamed the decline on a weaker economic environment, stock market volatility and risk-averse investors, although it did note that Asian investors remain confident. Chinese investors in particular have remained active, especially in Hong Kong wh...
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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. Japanese firms Sanyo Homes, Creed Group, Hankyu Realty Co Ltd, and Nishi-Nippon Railroad Co have all entered partnerships with Vietnamese companies this year to invest in mixed-use and residential property developments in the s...
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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. According to Property Report, this trend aims to bring a number of positive local and regional benefits. Greater access and awareness through better connectivity serves as a catalyst for local investment and employment in improved tourist infra...
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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. The world class building has the largest floor plate in the iconic Marina Bay area and has been awarded Green Mark Platinum status. Rob Blain, Executive Chairman of CBRE Asia Pacific told World Property Journa...
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Real Estate Helps Drive Myanmar Growth
Myanmar’s real estate sector is at the heart of 2016 economic growth projected to be the fastest in the Asia Pacific region. The Asian Development Bank expects Myanmar’s economy to grow by 8.4 percent in 2016, thanks to a combination of political reforms and an easing of international sanctions which have seen an influx of international interest and investment to the nation. The Directorate ...
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