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 prices in excess of THB 300,000 per sqm.

The report showed more than 78,000 midtown and suburban condominium units are expected to be completed this year, and more than 32,000 units will be completed in 2016.

CBRE believes that success was limited to projects that matched buyers’ expectations in terms of location, quality, design, and specifications to justify the high asking prices.

- Video Advertisement -

Related Post

Cambodia-Thailand Trade Relations Soar to New Heights in 2024

In a significant boost to regional trade relations, the trade volume between Cambodia and Thailand reached an impressive USD 10 billion in 2024. This increase, marking a rise from USD 8 billion in the previous year, underscores the strengthening economic ties between the two neighboring countries. During a pivotal meeting on March 11, 2025, Samdech […]

Cambodia to Construct Four New International Border Crossings to Enhance Connectivity

In a significant move to boost regional connectivity, the Cambodian government plans to establish four new international border crossings in Kratie, Takeo, Tboung Khmum, and Ratanakkiri provinces. This decision was announced during a recent meeting chaired by H.E. Peng Po Nea, Minister of Public Works and Transport, held on March 3, 2025. The meeting focused […]

Chinese Investors Eye Expansion in Cambodia: 19 Companies Explore Opportunities

In a significant development for Cambodia’s investment landscape, a delegation comprising representatives from 19 Chinese companies convened with officials from the Council for the Development of Cambodia (CDC) to discuss potential investment opportunities. The meeting took place on March 11, 2025, and was led by Mr. Liu Yong, President of the Young Investors Association in […]

Cambodia Sees Surge in Investment Projects, Approving 112 Initiatives in Two Months

In a notable boost to its economic landscape, Cambodia has approved 112 new investment projects totaling over USD 1 billion in the two months from January to February 2025, according to the latest report from the Council for the Development of Cambodia (CDC). This wave of investment is projected to create more than 70,000 jobs, […]

Cambodian Government Extends Property Tax Exemptions for New Cities and Agricultural Land

In a significant move to support economic growth and agriculture, the Cambodian government has announced the extension of property tax exemptions and reductions for specific areas across the country. According to Letter No. 6402 from the General Department of Taxation, property tax exemptions will apply to newly established cities and unused agricultural land exceeding 5 […]

EU Delegation Explores Investment Opportunities in Sihanoukville

A European Union delegation comprising representatives from 12 member states met with local authorities in Sihanoukville to explore potential investment avenues in the region as it seeks to enhance economic ties and contribute to key sectors. The meeting featured HE Long Dimanche, Deputy Governor of Sihanoukville Province, who welcomed the delegation led by Mr. Andreas […]