Construction of the $70 million two-phased Arakawa Residence affordable housing development in western Phnom Penh remains on track to be completed by mid-2022, developer Arakawa Co Ltd co-founder Ieng Sotheara told The Post on October 20.
Vietnam's residential area per capita is expected to reach about 27sqm by 2025 and to surge to 30sqm by 2030, according to the draft national housing development strategy.
Capital investment in newly-approved construction projects over the first eight months of 2021 reached $3.843 billion, contracting by 24.4 per cent year-on-year, largely as a result of the protracted Covid-19 epidemic.
Vietnam's real estate market has seen positive signs for recovery following the economic reopening, experts have said.
Indonesian home prices will see strong growth in 2022 and 2023, financial intelligence firm Moody’s Analytics has predicted, following a long period of muted growth exacerbated by the Covid-19 pandemic.
Two large condominium projects were completed in the third quarter of this year, adding 1,586 units to Phnom Penh’s supply, 5.6 per cent more than in the previous quarter, raising the total to about 30,000 as of September 30, according to a new report published on October 12.
The acceleration of investment in transport infrastructure in Vietnam is the main driving force fuelling real estate stocks as many businesses with large land plots located in areas near key infrastructure projects will benefit from this process.
On the back of soaring housing prices, a growing number of South Koreans in their 20s and 30s have rushed to buying apartments, with nearly four out of 10 Seoul apartments being purchased by those young buyers, data showed on September 23.
Prices of various types of new housing units in the Philippines declined for the second consecutive quarter in the April-June period due to the lingering Covid-19 pandemic, according to the latest central bank survey.
The deadline for payment of 2021 property taxes has been extended from the usual September 30 to October 31 in light of the Covid-19 situation, and the typical penalties will apply to late payments made from November 1, according to