Phnom Penh Post - Post Property
Cambodia’s real estate sector is set to bounce back at a blistering pace after this year’s Covid-19 slowdown in growth, according to newly-appointed Century 21 Cambodia chairman Richard W Davidson.
Inventories in the Vietnamese real estate market have been on the decrease thanks to increasing liquidity, according to the Ministry of Construction.
Singapore’s resale condo market reached a two-year high last month with 1,509 units changing hands, according to flash figures from real estate portal SRX Property on November 10.
Mortgage credit applications saw a sharp 50 per cent quarter-on-quarter jump in the three months ended September 30, according to the latest edition of the Credit Consumer Index Report published by Credit Bureau (Cambodia) Co Ltd (CBC) on November 6.
Japan’s Nomura Real Estate Development Co Ltd has agreed to participate in a condominium housing project within the Ecopark project, a large-scale development undertaken by Ecopark Corp JSC in Hanoi.
Capital investment in the Kingdom’s construction sector in the first nine months of this year fell 9.6 per cent to $5.868 billion from $6.494 billion in the year-ago period, the Ministry of Land Management, Urban Planning and Construction reported.
The requirement for an area of refuge in Vietnam’s high-rise buildings was necessary, but this might push up housing prices, according to the Ho Chi Minh City (HCMC) Real Estate Association.
Pattaya will become a bright spot for hotel investors next year thanks to domestic demand potential, as well as the development of the Eastern Economic Corridor (EEC), property consultancy firm JLL said.
The third quarter of this year saw the addition of 828 units to Phnom Penh’s condominium supply, raising the total 3.97 per cent quarter-on-quarter to 21,679, a research report from real estate service provider CBRE Cambodia said.
Rents for industrial lands in Ho Chi Minh City (HCMC) and Hanoi have increased by two and 1.7 times respectively in the third quarter from a year earlier.
A recent survey by Savills found that the gap of property prices in Hanoi, Vietnam is narrowing between urban and surrounding areas as more facilities are offered to compensate for outer locations.
