The Malaysian residential rental market is expected to start seeing improvements once the economy opens up completely, say property consultants.
The Ho Chi Minh City (HCMC) Department of Construction wants the People’s Committee to prevent illegal real estate activities by stepping up propaganda and publicly naming and shaming offenders.
Rents for serviced apartments in Phnom Penh were on a steady decline in the first half of this year, as the presence of foreigners in the Kingdom remains limited, amid a deepening coronavirus pandemic, according to a new real estate report.
The Seoul-based Global Green Growth Institute (GGGI) has entered into a partnership with the Cambodia Green Building Council (CamGBC), a private-sector initiative, to advance the green-building movement in the Kingdom.
The industrial property sector in Malaysia remains attractive due to the robust growth of e-commerce as well as the country’s favourable investment environment for high-value manufacturing and global services, according to real estate consultancy Knight Frank Malaysia.
The prolonged impact of the Covid-19 pandemic has made digital tools such as live streaming, augmented reality (AR) and virtual reality (VR) essential to real estate transactions, according to Vietnamese real estate broker Tran Minh.
The combined real estate and construction loan exposure of the Cambodian banking industry stood at 31 per cent of the sector’s $33.9 billion total loan book in end-June, at about $10.5 billion, according to the central bank.
Construction of Thai Boon Roong Group’s ambitious more-than-$3-billion twin commercial skyscraper project in central Phnom Penh will begin when Covid-19 ends, according to Thai Boon Roong Architectural Co Ltd director Tous Saphoeun.
The foundation of the multi-purpose “Financial Building” in central Phnom Penh’s Olympia City development has been completed, but construction progress has been slightly bogged down by Covid-compliance measures as the pandemic situation escalates, according to the project manager.
The Malaysian property market is starting to see a tapering down in overhang inventory levels, as developers switch to affordable houses.