ISSUES FACING REAL ESTATE IN AEC

A recent CBRE study, ‘ASEAN Economic Community: A boost to South East Asian real estate’, noted a number of challenges and opportunities facing the sector with the advent of the AEC. Transparency in markets was highlighted as a challenge with Cambodia in particular needing to create an atmosphere more conducive to doing business. A lack of skilled labour and a mismatch of skills also threate...

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LEGISLATE TRANSACTIONS URGES CVEA

To ensure sellers to use a registered real estate company to value their property before placing it on the market, the CVEA has called on the government to regulate all property transactions as part of the pending management law. The initiative would mirror the US model and is designed to control speculation and artificial price jumps in the local real estate market. Ensuring stability and cons...

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Meridian International Holdings: Like No Other

In a growing economy, one can see construction cranes and development projects overwhelming cities with the building of high-rise towers and modern malls while fancy restaurants and eateries including fast food chains and cafés challenge for space to whet the appetites of a population becoming exposed to the better things in life. That is the barometer of economic growth, and this is the new Phnom...

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Singapore Tops Asian Outbound Investment

Knight Frank’s Global Cities 2016 report has found that Singapore has been the largest Asian investor into the Australian and United Kingdom’s property markets in the last two years with China second and Malaysia a surprise third. Malaysia’s investments were worth $5.61 billion with $2.23 billion into UK property in the last two years. Singapore’s totaled $25.10 billion, while China’s were $22....

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Tanzanite Enters Vietnam Real Estate Market

Singapore-based Tanzanite International has announced a plan to invest up to $500 million in a hospitality real estate project in southern Vietnam. The firm will develop a high-end hospitality real estate project in Ba Ria – Vung Tau, which is a 1.5 hour drive from Ho Chi Minh City. Phase one will cost $80 million and break ground in mid-2016. Tanzanite has now invested in 37 hectares of ...

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Shwe Taung Group Open Junction City Preview

Myanmar – The Shwe Taung Group has begun providing private previews of their $300 million Junction City integrated development located in downtown Yangon. Being in built in two major phases with phase one scheduled for completion in 2017, the 260,000 square metre Junction City will feature Grade A office space, a shopping centre, and a five-star 348-room hotel. Phase two, to be completed in 201...

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Singapore Home to World Building of the Year

The Interlace, a ‘vertical village’ in Singapore, has won the World Building of the Year award at the World Architecture Festival in November. Designed by German architect Ole Scheeren and completed in 2013, The Interlace is made up of more than 1,000 apartments across 31 buildings, which are stacked diagonally to maximise private and communal space and allowing maximum light and air penetratio...

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Thai Border Prices Stabilise

High land prices on the Thai border are expected to stabilise in coming years, according to the Real Estate Information Center (REIC). Property transactions in Sa Kaeo and Trat respectively dropped by 3.9 percent to 3,847 and by 4.3 percent to 1,697 in the first nine months of 2015 as investors wait for a clear SEZ development plan from the government. Land near the Cambodian border in Arany...

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Capitaland, Thanh Nien Enter JV

CapitaLand Vietnam has entered into a joint venture (JV) with Saigon Commercial & Tourism Corporation, a subsidiary of Thanh Nien Corporation, to develop a prime site in District 2, Ho Chi Minh City, for an estimated value of $55 million. The 1-hectare residential project is located in Thao Dien ward just 2 km from the new Metro line, a 10-minute drive to the future Thu Thiem Central Busine...

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Myanmar Market Bounces Back Post-Election

Myanmar’s real estate market has seen buoyant growth following the peaceful conclusion of the national elections in November, according to Myamnar Business Today. Following a sustained period of rapid growth between 2011 and 2014, the market stalled last years as investors showed nervousness about the upcoming elections. Property agents in Yangon are now seeing rises of up to 20 percent in t...

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