The foundation of the multi-purpose “Financial Building” in central Phnom Penh’s Olympia City development has been completed, but construction progress has been slightly bogged down by Covid-compliance measures as the pandemic situation escalates, according to the project manager.
The Malaysian property market is starting to see a tapering down in overhang inventory levels, as developers switch to affordable houses.
Sales of new private homes in Singapore eased last month amid Covid-19 restrictions although demand is still holding up well, said market observers.
The Vietnamese Ministry of Construction will continue to limit the floor-area of new apartments to no less than 25sqm, according to a new circular on technical regulations for apartment buildings.
Property loan approval rates in Malaysia are expected to start recovering from the third quarter of this year, as coronavirus lockdown restrictions begin easing with the gradual opening of the economy.
The Covid-19 pandemic has rocked the retail landscape in Phnom Penh, with anxiety around infection risk keeping the masses away from shopping malls and driving retail consumption down by nearly five per cent in the first half of this year, compared to July-December 2020
The outlook on Malaysia's property sector has soured for the remainder of the year as the anticipated recovery has been pushed back by the implementation of the lockdowns accompanying the National Recovery Plan.
The Monetary Authority of Singapore (MAS) said it would remain vigilant to rising home prices even though the property market was not "overheated".
House prices rose an average of more than 25 per cent in the last 12 months in South Korea’s nine major areas, including Seoul and Gyeonggi province.
Five condominium projects were completed in the first half of 2021, adding 1,273 units to Phnom Penh’s supply, raising the total to more than 27,000, at 90 developments, according to a new report published on July 6.