Investing in the booming shophouse segment in Vietnam’s Ho Chi Minh City could end in losses, if market observers are to be believed.
The presence of Chinese investors and tourists in Sihanoukville continued to push real estate transactions and increase prices in the city, with major construction activities underway, say property insiders.
The 28-storey Royal Platinum Condominium development project, a joint venture between Kith Meng’s Royal Group and Singapore-based Hong Lai Huat Group Limited, broke ground on Tuesday and is scheduled to be completed by the end of 2021.
The government has adjusted Phnom Penh’s land prices for a new registration tax base that is set to commence in July of this year, according to a Ministry of Economy and Finance announcement.
Three more condominium projects have been completed and placed onto the market in the first quarter of this year, bringing the total condominium supply in Phnom Penh to over 15,000 units, according to a report by property firm CBRE
Many housing projects in Ho Chi Minh City lack parks though all their units have been sold and building one is mandatory for getting a development licence.
The Vietbuild International Exhibition will be held in Ho Chi Minh City from this week with the theme Construction, Industrial Machinery and Equipment and Interior-Exterior Decoration.
Phnom Penh’s Sen Sok district has become the most attractive location for gated community projects – better known as borey – compared to the capital’s other districts, a report by real estate firm, CBRE Cambodia said.
THE Asia Pacific region is expected to be the standout region from a growth standpoint, with hotel investment volumes forecast to grow by 15 per cent year-on-year this year, according to research by JLL’s Hotels Research team for Asia.
GLOBALLY, modern logistics properties has become one of the most sought-after asset classes for property investors, according to CBRE, a leading international property consultant.