Prolonged stress from the Covid-19 epidemic crushed Phnom Penh’s retail market over the first quarter of this year in terms of rental prices, occupancy rates and consumer spending, a new report obtained by The Post on April 7 revealed.
The Danang Department of Natural Resources and Environment has warned that the tricks of several property speculators could drive up land prices in the central Vietnamese city after recent announcements of adjusted master planning.
Vietnam’s ministries of Construction, and Natural Resources and Environment have requested provinces and cities review state management on land prices amid ‘land fever’ in some localities.
Property prices in some areas of Hanoi have surged strongly after reports on draft planning for the Red River urban area were released in June.
Malaysian developers are more optimistic about the outlook of the property industry in the second half (H2) of 2021 compared with the first half (H1), on the expectation that the broader economy will recover and boost buying sentiment.
A recently-minted coastal town in the southwestern province of Kampot has generated very high hopes for investment, development and jobs in the area.
A study conducted by Krungsri Research indicates that the housing sector in six key Thai provinces will pick up in 2022-2023 thanks to developers’ strategy of cutting prices to release stock.
The multi-purpose “Financial Building” in Phnom Penh’s Olympia City development is still on track to be completed in mid-2024 even as Covid-19 continues to spread.
Home prices in major Chinese cities saw mild year-on-year growth last month and experts expect the tightening measures to play a bigger role in cooling home prices and stabilising the property market.
The land division market has plummeted in the wake of the February 20 community transmission, dashing hopes that a brief recovery early this year could be sustained, according to industry insiders.