Recession possible in Thailand; a real estate rebound in Phnom Penh; and increasing international tourism in this week’s Market round-up.
President Susilo Bambang Yu-dhoyono inaugurated eight mega projects in resource-rich East Kalimantan on Wednesday as part of the Master Plan for the Acceleration and Expansion of Indonesia’s Economic Development, the Jakarta Post reported. Two of the projects have already been completed: Kariangau Port in Balikpapan and Kalimarau Airport in Berau regency in the north part [...]
The SMART Property & Lifestyle Expo is making its debut in Phuket this December at the Royal Phuket Marina (RPM). The four-day expo targets a vibrant market for investors in Phuket, which attracts an increasing number of wealthy visitors from China and the former Soviet Union. SMART, which has staged over 20 property expos over [...]
Let’s start off at the beginning of time. Way back. Before the internet, shopping malls or the innocuous peril of two-party politics. Of course, we may be treading on Darwin’s theory of evolution here and that age old monkey to man debate, but bear with me.
The New Straits Times reported that the Ministry of Tourism is targeting 3,000 approved participants this year in the Malaysia My Second Home (MM2H) program, up from 2,387 in 2011.
High-end property developer Rockwell Land Corp. is taking into account the possibility of making Manila’s provincial market a new area for development.
Statistics provided by the Da Nang Department of Culture, Sport and Tourism show that visitor numbers to Da Nang saw a dramatic increase in the first quarter of 2012. On both q-0-q (31.9 per cent) and y-o-y (35 per cent) the number of tourists visiting Da Nang rose to almost 590,000 in the first quarter of 2012.
CBRE Vietnam recently released their market review for Vietnam 2011. According to CBRE affordable residential properties are holding their value better than any other segment, in light of the challenging economic conditions. Secondary prices in the affordable segment dropped a slight 0.6 per cent in the fourth quarter, the smallest drop of any segment [...]
A key pioneer of the Malaysian batik industry, Noor Arfa Holdings Sdn Bhd announced recently that it will begin to make investments in property development and hotel management. With the company’s traditional business of manufacturing batik and selling handicrafts becoming less profitable, founder Wan Mohamed Ariffin Wan Long said the shift in focus was necessary [...]
US$5 billion Chinese tourism development project in Koh Kong is under construction as of last month. The Chinese Union Development Group Co is currently constructing a port and roads, as well as preparing the infrastructure to build a residential and an office building in Kiri Sakr district.
New flights from Russia to Phuket are a plus for tourism and property sales on the island, writes Alastair Carthew.
When Singapore’s Health Ministry announced in April that Singaporeans can now use their CPF Medisave for treatment in Malaysia, Malaysian property developers immediately took advantage of this opportunity to promote properties located close to approved Malaysian hospitals to Singaporeans.
Macao’s visitor arrivals for February 2009 reached 1.65 million, dropping by 17.3 per cent over the same period of last year, according to the figures released on Tuesday by the Statistics and Census Service (DSEC).
The Indonesian government has given itself time until mid-April to clear all bureaucratic obstacles to Dubai-based Emaar Properties LLC’s plan to invest Rp21 trillion (US$1.8 billion) in a vast tourism project in West Nusatenggara (NTB)’s Lombok Island, a provincial administration spokesman said.
The Cambodian Ministry of Tourism has decided to open a new tour that links its four coastal provinces with Phu Quoc island of Vietnam. Cambodian Minister of Tourism Thong Khon said he hoped that the new tour would help increase the number of foreign travellers to Cambodia.
Tourist arrivals to Sri Lanka fell 15.7 per cent in February to 34,169 with the first two months of 2009 showing a 25.5 per cent fall, and visitors from India halving, the country’s tourism promotion office said.
The number of foreign tourist arrivals in India touched the figure of 500,000 in February, 13,000 more than that in January.
The Cook Islands Tourism Corporation is asking for an extra NZ$1 million (US$497,700) to be added to its next annual budget, reports Cook Islands News.
Phu Quoc Island has taken pole position in a list of Vietnam’s top ten domestic tourist destinations, according to the results of the Best Brands of Vietnam 2008-2009 campaign.
Malaysia’s Tourism Ministry expects around 20 million domestic and foreign tourists this year, down from 22.05 million last year, due to the worldwide economic slowdown.