AEC to Push Urban Growth

Real estate experts across the region are seeing growth in the demand for properties of various types especially as the ASEAN Economic Community (AEC) begins later this year. According to a report by JLL, the establishment of the AEC, comprising a single market of more than 600 million people in ASEAN, can translate to amazing investment opportunities not just in established business hubs like ...

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Singapore Developer to Provide Affordable Homes

Leading Singaporean developer HLH Group Ltd announced the launch of CAMHOMES on 18 June, a property development firm that will provide high-quality, affordable homes in premium locations across the country, according to the Phnom Penh Post. CAMHOMES will offer opportunities for middle-income buyers who are not able to afford properties in the many high-end developments. The CAMHOME developme...

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Thai Developers Aim High

250 of Myanmar’s top real estate executives and industry leaders gathered in Yangon on 17 June to celebrate the first annual Myanmar Property Awards 2015. Record-breaking prices and sales were seen achieved in some new condominiums in downtown Bangkok downtown. More than 90 percent of Nimit Langsuan, a freehold condominium by Pace Development, was sold within the first month of its launch with ...

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$400m Asia Property Fund Planned

250 of Myanmar’s top real estate executives and industry leaders gathered in Yangon on 17 June to celebrate the first annual Myanmar Property Awards 2015. “We are looking to provide long-term appreciation in the Asia-Pacific, which will be the main economic driver in the world,” Bloomberg credited managing director Suchad Chiaranussatti as saying. The fund is expected to generate a net retur...

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Oxley Expands to Myanmar

Oxley Holdings Ltd announced that it has incorporated a subsidiary in Myanmar as part of its expansion plans. Of the total, 49,999 shares are held by Oxley Yangon Company Limited, a wholly -owned subsidiary of the group, and one share is held by Ching Chiat Kwong, executive chairman and CEO of the company. Myanmar law requires at least two shareholders. Last September, Oxley signed an agreem...

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Yoma Sweeps 1st Myanmar Property Awards

250 of Myanmar’s top real estate executives and industry leaders gathered in Yangon on 17 June to celebrate the first annual Myanmar Property Awards 2015. The top honour - Best Developer – went to Yoma Strategic Holdings Ltd. Yoma also won the Best Landscape Architecture Design trophy for Star City Thanlyin, and two Highly Commended certificates for the residential categories for Galaxy Towers ...

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Singapore Expo to Sell Myanmar Condos

An expo in Singapore will sell premium condos and housing projects in Myanmar, reported the Myanmar Business Times. The sales event planned for September will target Myanmar citizens residing in Singapore. iMyanmarhouse.com, an online property trading platform, will organise the exhibition with around 30 developers and agencies displaying their properties located across Yangon. “This expo is...

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Phnom Penh Office Rents Rise 0.6% in Q1

Rent rises of 0.6% in Q1 2015, saw Phnom Penh move up to 5th in the Knight Frank Asia Pacific Prime Office Rental Index for Q1 with only the four major Australian cities above it, while Bangkok topped rental growth in the region. “Throughout Southeast Asia, markets remained fairly robust. Bangkok topped rental growth across the region, with a 3.8% increase quarter-on-quarter, as the market cont...

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Cambodia Joins Asian Property Awards Program

Undoubtedly home to one of Southeast Asia’s most exciting and rapidly evolving property markets, Cambodia is set to receive the region’s real estate industry seal of approval after it becomes the latest country to be included in the coveted, decade-old Asia Property Awards series. Scheduled for 25 September, the Cambodia Property Awards 2015 will recognise and reward the achievements of the cou...

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Suncity Bassac Apartment to Be Launched 3rd Quarter 2015

Phnom Penh eagerly awaits Q3 2015 for the launch of a luxury serviced apartment to emerge in Tonle Bassac district, one of the capital’s future metropolitan centres. With construction scheduled to kick off late this year, SunCity Bassac will redefine exclusive living in Phnom Penh with state-of-the-art architecture soaring 21 floors up with 112 units featuring one-bedroom, two-bedroom, three-be...

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