Thai – Japan Real Estate JV Finalised
In another example of Japanese investment in the Southeast Asian real estate sector, a new joint venture between Thai property developer Ananda Development and Japanese real estate developer Mitsui Fudosan is expected to be finalised in November. The two companies have been involved in a joint venture since 2013 on 12 investments including a number of condo projects. Nine are already in operati...
Read MoreJapan’s Rail Operator to Diversify to Se Asian Real Estate
Japan’s state owned bullet train operator is aiming to invest around USD4 billion in residential and office properties in Southeast Asia in order to reduce its dependence on the Japanese economy. Kyushu Railway Co. will raise the funds to invest in Southeast Asian property for the first time though an Initial Public Offering (IPO). Though responsible for operating Japan’s world famous railway, ...
Read MoreAsian Outbound Investment Reaching New Heights
Asian outbound investment in global commercial real estate is set to break records in 2016. Research by CBRE Group shows that Asian investment in this sector reached almost USD27 billion in the first six months of 2016. 60 percent of this total came from Chinese investors and 52 percent was invested in U.S-based assets. This overall trend reflects a remarkable shift in focus since 2009 with ...
Read MoreMarina Bay Land Set for Record Price
The first piece of land to be sold in Singapore’s prestigious Marina Bay for nine years is expected to fetch a record price at auction. Bidders are competing to buy the property in one of the world’s most sought-after areas until the auction closes on 8 November. The 1.1 hectare plot of land could sell for as much as USD1.3 billion (or over USD100,000 per square foot) according to agents Cus...
Read MoreVietnam’s Real Estate a Magnet for Japanese Investors
Vietnam’s real estate market continues to attract large scale investment from Japanese firms with a new USD1 billion investment announced in September. A joint venture between Japan’s Kajima and Hanoi-based Indochina Capital will see investment into 50 potential projects over 10 years which will include serviced apartments, hotels and office buildings. Four are expected to start within 15 mo...
Read MoreVietnam’s Real Estate Sector Booming
Vietnam’s real estate sector continues to go from strength to strength with USD1 billion in foreign direct investments (FDI) in real estate in Q3 2016, according to the Ministry of Planning and Investment’s Overseas Investment Agency. A total of 34 new property projects were realised in this period, with real estate representeing 6.1 percent of the total FDI by the end of Q3. According to Sa...
Read MoreSmart Borey on the Horizon
A new borey planned for development along the freshly-constructed Hun Sen road is intended to the first ‘smart’ community in the capital. Designed by Singapore’s Ong and Ong Architects, Borey Woodland is a joint venture partnership between Cambodian developers Furi Real Estate and Naki Group and will feature smart lifestyle technology such as electronic controlled doors and a personalised telep...
Read MoreChip Mong Sign Hyatt Deal
The Chip Mong Group has entered into a management agreement with the Hyatt Hotel & Resort to build and operate a five-star Hyatt Regency hotel in the centre of Phnom Penh, according to a press release from the hotel group. Hyatt Hotels Corporation announced that a 250-room hotel would be built “across from many of the city’s most popular tourist attractions, including the National Museum an...
Read MoreDeveloper Puts The Bay on hold
The developer behind the award-winning USD500 million The Bay condominium on Chruoy Changva has announced that is putting the residential part of the project on hold. TEHO International Co Ltd, the Singaporean parent company of The Bay’s developer and marketing firm, announced in September that the decision to suspend residential construction was due to its concern that there were too many cond...
Read MoreRoyal Bayview Aims for Independence Beach
While many new property developments have crowded Phnom Penh and its vicinity, Royal Bayview has distinguished itself from the crowd by developing only at one of Sihanoukville’s premier beach locations, specifically designed for residents who love coastal scenery and fresh sea air. Located at Independence Beach, which is one of the best natural beaches in Sihanoukville, the project is to be bui...
Read MoreMarket Opportunities & Potential : Luxury Retail Market in Cambodia
Retailers are pursuing new growth opportunities; they are eyeing countries new to modern retailing and customer segments hungry for specialty products, with a reasonable level of local demand. The luxury retail market in Cambodia is relatively new. Despite its small size, the country has seen a rise in the premium segments and become the new playground for big name retailers. Wealthy consumers ...
Read MoreInvesting in Branded Residences
Buyers all over the world are looking for interesting real estate opportunities. Over the years, the branded residence sector has continued to intrigue developers and real estate investors in Southeast Asia. Here in Cambodia, the market forbranded residences is relatively small but expanding. The number of hotel operators offering branded residences has been gradually increasing over the last 1...
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