Southeastern Phnom Penh’s colossal 125ha Koh Norea satellite city project is pressing ahead, with river filling on track to be completed by the end of this year, according to Touch Samnang, deputy director-general of developer Overseas Cambodian Investment Corp Ltd (OCIC).
Despite a new outbreak of Covid-19 in Vietnam, the industrial property sector saw positive signs with new industrial zones established and key industrial projects beginning operations, according to Savills Vietnam.
Interest in “Southern Phnom Penh” has gained substantial traction over the past five years since plans for Hun Sen Boulevard were unveiled, triggering a frenzy of real estate speculation, CBRE Cambodia reported on August 12.
Bank Indonesia (BI) estimates that house prices in the Southeast Asian country will grow more slowly in the July-September period after a slight uptick seen in the previous quarter, pointing to continued weakness in the market despite tax incentives.
The Kingdom imported 584 tonnes of steel from Vietnam in the first five months of 2021, down 1.5 per cent year-on-year, Vietnamese media outlet VN Express reported.
Vietnam's real estate prices have increased rapidly in the past two years despite the difficulties caused by the Covid-19 pandemic, which reduced the incomes of the majority of the population, experts have said.
Investments in logistics and industrial real estate in the Asia-Pacific will double in the next three to five years as investors look to increase exposure to the asset class, property consultant Jones Lang LaSalle forecast in a recent report.
Real estate developer JS Land Plc has gotten the nod from the Cambodia Securities Exchange (CSX) to list on its Growth Board, and is poised to become the second small- and medium-sized enterprise (SME) to list on the bourse’s secondary board after DBD Engineering Plc, pending final approval from
The Malaysian residential rental market is expected to start seeing improvements once the economy opens up completely, say property consultants.
The Ho Chi Minh City (HCMC) Department of Construction wants the People’s Committee to prevent illegal real estate activities by stepping up propaganda and publicly naming and shaming offenders.