Ho Chi Minh City’s plan to establish Thu Duc city by merging districts 2, 9 and Thu Duc district has caused property prices in the three eastern districts to increase sharply.
The State Railway of Thailand (SRT) is planning to offer its land at Bangkok’s Khlong San market up for long-term commercial use under rental contract next year to generate additional income, said SRT deputy director for train operations Somyut Reun-Ngam.
Malaysia's southern Johor state received its largest foreign investment in the Iskandar Malaysia growth corridor since Covid-19 when Iskandar Waterfront Holdings Sdn Bhd (IWH) inked a deal with Metallurgical Corp of China Ltd (MCC) on Monday to develop 60ha of prime commercial land in the Skudai
Experienced investors continue to sink money into the Vietnamese real estate market despite the problems the Covid-19 pandemic has caused for the sector.
The General Department of Taxation (GDT) released Prakas 346 to the public last week which outlines new capital gains tax implications of the transfer of assets in Cambodia such as, inter alia, immovable property, leases, investments, goodwill, intellectual property and foreign currency.
The Vietnamese property market is expected to slow down, with prices starting to drop by the end of this year and hitting the bottom by mid-2021, creating opportunities for home buyers sitting on cash, experts have forecast.
Retail space in Phnom Penh surged four per cent to 326,000sqm in the first half of this year from 314,000sqm at the end of last year, a research report from real estate service provider CBRE Cambodia said.
Luxury condos in Bangkok’s Sukhumvit area have slashed prices to attract buyers, while demand for condos as a second home has been rising.
In a bid to calm real estate prices, South Korea’s ruling party this week said it would seek legislation to levy a heavier tax on property speculation by foreign nationals.
Interest rates of home loans at Vietnamese commercial banks have tended to reduce significantly since the second half of last month due to low capital demand from business and production.