Seven cities in East and South Asia, the Middle East and Australia make up more than half of ‘World City X-factor Ranking’, according to real estate consultancy firm Savills.
As the Kingdom prepares for the annual Songkran festival, the number of international tourist arrivals in Thailand has slowed down caused by the recent political unrest in and outside Bangkok.
Recession possible in Thailand; a real estate rebound in Phnom Penh; and increasing international tourism in this week’s Market round-up.
Hong Kong-based Pacific Century Premium Developments this week announced the sale of a Beijing-based mixed-use complex to Gaw Capital Partners for USD928 million.
Six new luxury high-rise properties with a combined value of THB50 billion (USD 1.55 billion) are set to rise along the banks of Bangkok’s Chao Phraya River.
Major Thai developer Minor Group’s recent unveiling of 15 luxury oceanfront villas on Phuket’s Bang Tao Bay is the latest development to highlight the island’s resilient high-end residential market.
The ‘Foster + Partners: The Art of Architecture’ touring exhibition kicked off in Bangkok last Friday and will be running at the Bangkok Art and Culture Centre until 29 June.
A slowdown expected in Malaysian market, serviced apartments in Bangkok, big declines in Singapore’s RCR in this week’s Market round-up.
Two leading Bangkok-based property companies are collaborating with one of China’s largest real estate firms and this week signed a joint venture agreement to develop projects in Thailand.
Kuala Lumpur-based Tradewinds Corporation Bhd has launched the first-ever integrated luxury deluxe resort development on Perdana Quay Island in Langkawi, Malaysia.
Restrictions on commercial developers in Vietnam; increased activity in London and New York’s “secondary” neighbourhoods; and Russian and Chinese activity in Phuket in this week’s Market round-up.
Property consultancy firm CBRE will be holding an overseas property seminar in Bangkok for Thailand-based realtors and buyers interested in residential real estate in the United Kingdom.
Housing markets within the Asia-Pacific and United States had a buoyant final quarter in 2013, leading the global house price boom that mimics their pre-2008 global crisis levels.
The Grande Caribbean Condo Resort in the Thai coastal city of Pattaya recently achieved an 80 percent sales record, although the THB1.6 billion (USD 49.3 million) complex will not open its doors until 2015.
Bangkok-based Pace Development Corporation has increased the sale prices of its THB21 billion (USD653 million) MahaNakhon project by 12 to 15 percent upon approval of a freehold land licence.
A unique luxury villa on Thailand’s Koh Samui has been put on the market for THB46.35 million (USD1.43 million).
Unsold units abound in Johor, Malaysia; increasing interest in London among Thais; and an update on Bangkok’s condo market in this week’s Market round-up.
Following the recent political unrest in Bangkok, two of Thailand’s major resort destinations Phuket and Samui, both experienced an increase in passenger arrivals via direct flights, recording an all-time high of 3.2 million and 1.7 million visitors in 2013, respectively.
Foreign demand for residential properties in Thailand is on the rise, as Chinese and Russian secondary homebuyers search for more affordable investment destinations.
Vietnam’s largest metropolitan area, Ho Chi Minh City, offers the highest rental yield in comparison with neighbouring Jakarta and Bangkok, according to a recent market research.