The chairman of the Ho Chi Minh City (HCMC) People Committee has pledged to review all housing projects in the city and work out solutions to create a “more transparent, fair and competitive business environment”.
The Indonesian government has temporarily cut the value-added tax (PPN) on new homes and the luxury tax (PPnBM) on new car purchases in a bid to boost consumer spending.
Warehouse rental demand and prices have remained similar at similar levels of those in the year-ago period as Covid-19 vaccination campaigns in Cambodia and around the world set a positive tone for the market, according to industry experts.
While the Ho Chi Minh City (HCMC) housing market has gone quiet after the renewed outbreak of Covid-19, the market in the Vietnamese city’s neighbouring provinces like Dong Nai, Long An and Binh Duong has seen robust growth this year, experts said.
Hong Kong may be in its worst recession in years but its luxury property market is still thriving after a five-bedroom apartment broke records with its HK$459.4 million (US$59.24 million) price tag.
The Greater Jakarta residential property market has remained strong amid the economic downturn of the Covid-19 health crisis, while the retail property market took a hard hit from repeated extensions and frequent changes to the government’s restrictive policies, says property consultancy Jones Lang
Lifestyle changes brought by Covid-19 mean Thai buyers are shifting from luxury condominiums to luxury city houses in search of better value, according to Nexus.
Cambodia's residential market is expected to begin the year growing at a slower pace that year-ago readings – as fears of a protracted Covid-19 pandemic stagnate prices – but close out 2021 with a modest boost, according to industry insiders.
As one of Asia’s best tourism destinations with an increasing number of visitors each year, property business is among the sectors that continue to grow in Phuket, says Nattha Kahapana, deputy managing director of Knight Frank Thail
Rents for serviced apartments in Phnom Penh had tumbled nearly 20 per cent year-on-year by the end of last year as the number of foreigners working and investing in the Kingdom dwindles amid Covid-19 concerns, a new real estate study found.