September 15, 2013
Source: Thanh Nien News
Developers of several high-end housing projects in Ho Chi Minh City are making large price cuts to spur demand as the prolonged property slump continues.
Nova Real Estate Investment Corp (Novaland) said September 9 that it was cutting the prices of apartments at the unfinished North Towers at its Sunrise City in District 7 to VND27 million (US$1,278) per square meter. More…
September 14, 2013
Source: China Daily
An official with China’s top planning agency says it is too early to say if the property market is in a bubble.
“The property market is still doing fine despite some regional problems,” said Li Tie, director of the China Center for Urban Development under the National Development and Reform Commission. More…
September 13, 2013
Source: VietNamNet Bridge
While the domestic property market continues to stagnate, statistics show that foreign direct investment (FDI) into real-estate projects is on the rise.
Japan currently tops the list of 47 countries and territories investing in Viet Nam’s real estate.
According to statistics from the Ministry of Planning and Investment, Viet Nam attracted a total of US$12.63 billion of FDI in the first eight months of this year, a rise of 19.5 per cent over the same period last year. More…
September 13, 2013
Chief Executive CY Leung says the Government will retain its demand-management measures to stabilise the property market.
He made the statement after giving a luncheon speech on the long-term housing strategy today. More…
September 10, 2013
Source: Global Times
Investments in Cambodia’s construction sector have continued to grow sharply in the first six months of the year thanks to sound economic growth and investors’ trust in the country’s political stability, Im Chhun Lim, the country’s Minister of Land Management, Urban Planning and Construction, said Tuesday. More…
September 10, 2013
Source: The Phnom Penh Post
Hongkong Land broke ground on Friday on a $100 million mixed-use development project in Phnom Penh’s financial district.
Called Landmark, the building by the Hong Kong-based property group will be on a 10,700-square metre site on Street 106 near the capital’s Freedom Park. More…
September 9, 2013
Myanmar received 731 million U.S. dollars’ contracted foreign investment in a single month of August, bringing the total to over 43 billion dollars as of the end of the month since 1988, local media reported Sunday.
The investment, which came from six countries and regions, was mostly injected in the manufacturing, making it the largest foreign-invested sector in 2013. More…
September 3, 2013
Source: The Nation
Yangon will have 1,000 new international-standard hotel rooms this year, still insufficient to meet growing demand in the former capital, a leading real estate firm said Tuesday.
The new rooms under construction will increase capacity by 65 percent, according to a report compiled by Jones Lang LaSalle. More…
August 30, 2013
Source: Viet Nam Net
The fast food market, which was smoldering for a long time, suddenly flared up on July 15 when McDonald’s Global announced that Nguyen Bao Hoang, who manages IDG Ventures Vietnam, has become its official partner in a franchising contract to develop McDonald’s brand in Vietnam, through Good Day Hospitality. More…
August 28, 2013
The road to Star City is a rutted two-lane highway that threads past the ragtag outskirts of Yangon, crosses two rusted bridges and ends, almost an hour later, at a slick showroom on a grassy riverbank. A roadside billboard welcomes me to “A Model City of Tomorrow.” After a bumpy ride in monsoon rains the real estate showroom comes as a relief and something of a mystery. As a salesman clicks on interactive screens showing condominium designs and floor plans, I wonder who would choose to live out here in the boondocks. More…