Real estate

Yangon will need around 75,000 new apartments to be built each year to accommodate the city’s growing population, but contractors are struggling to come anywhere close to this target. More than 330,000 people migrate to Yangon each year from elsewhere in the country, but formidable challenges ...

Some 30,000 real estate transactions were recorded in the first nine months of 2015, which was tantamount to the combined figures from last year, as heard at a seminar on housing development in the Mekong Delta city of Can Tho on 7 October.   According to Chairman ...

Residents at Yangon’s affordable housing projects will be punished if they attempt to enlarge their apartments by building extensions. Keep reading ...

The Finance Ministry proposes to cut the transfer and mortgage fee to 0.01 per cent of the appraised value for a period of six months to one year as part of the government’s stimulus measures for the property sector. The ministry also plans to relax lending conditions ...

The Ratchathewi-Phetchaburi zone in Bangkok has become a hotspot attracting significant interest from property developers thanks to its potential to become a major urban transit interchange in 2020. Land prices in the area have risen at a pace comparable with the Siam Square area, according to ...

The deadly Erawan Shrine bombing is expected to weaken already soft demand in the property market. In the wake of the bombing on 17 August, SET-listed developers including Supalai Plc, Property Perfect Plc, Major Development Plc and Noble Development Plc have decided to postpone some or ...

With the ASEAN Economic Community (AEC) set to commence at the end of this year, promising deeper cross-market potential for property investment, the region as a whole is experiencing a cooling effect—with the exception of Cambodia, which shows strong growth numbers according to property consultancy ...

The property market in Greater Bangkok is expected to remain in good shape, with SET-listed Pruksa Real Estate Plc revising up its growth forecast to 15% growth this year from 10% projected in May.  Keep reading ...

Brought to its knees when its property market bubble burst four years ago, Vietnam is riding into another boom, with construction starting in Ho Chi Minh City on two of the world’s tallest skyscrapers and buyers snapping up new projects fast.   The speed of the market’s ...

A government decision to ax a luxury development project and four others amid opposition from Buddhist monks has left developers wondering if their investments are safe in one of the world’s fastest-growing real-estate markets. Last month the government axed plans for the $300-million Dagon City luxury development. ...