Since 2009, the section of Bangkok’s Sathorn Road from Sathorn junction to Taksin bridge has undergone a transformation from a strip of merchant shophouses to a luxury residential area boasting condominiums with over 8,000 units, according to a recent Nation survey.
Vietnam's Ministry of Construction and localities must conduct inspections on urban areas that may have violated their approved plans and issue strict punishments if violations are found, Deputy Prime Minister
Singapore's condo resale prices rose 0.4 per cent in May from April, rising for the fourth consecutive month, according to monthly figures from real estate portal SRX Property released on Tuesday.
The start of construction on the more than $3 billion and over 500m tall Thai Boon Roong Twin Tower has yet to be decided since its initial announcement in 2016, the project manager said.
China's commercial property investment amounted to 53 billion yuan ($7.68 billion) in the first quarter of this year, with half coming from cross-border investors, according to a recent report by global real estate consultancy CBRE.
Activity has slowed in residential property within the Asia-Pacific region as policy tightening has rippled through some markets, with buyers and sellers waiting for conditions to stabilise, said S&P Global Ratings in a report published last week.
Provinces and cities in the Philippines are losing an estimated 30.5 billion pesos ($588.68 million) in revenues annually as a result of outdated real property values, underscoring the need for valuation reforms in the real property sector, according to a unit of the Department of Finance.
In an apparent move to advocate the incumbent South Korean government’s real estate measures, the Land Ministry said on Tuesday Seoul’s housing prices had grown at a stable rate for the past five years, compared to fluctuations observed in real estate transaction prices in other major cities.
IF credit policies for luxury home purchases were tightened, it could be a shock for the Vietnamese property market, experts have warned.
Singapore's commercial property sector escaped the downturn that caught out every other major market in the region in the first quarter.