Hong Kong is learning from its all-time rival Singapore as it seeks to tame the city’s land prices. In addition to the tender amount of the successful bidder in land sales, the Hong Kong government will now publish the amounts of all failing tender submissions, announced Secretary for Development Michael Wong in a media briefing […]
Of the many infrastructure projects gaining traction in Bangkok, the Bang Sue Grand Central Station will probably be the most impactful. Bang Sue Central Station (Thai: ???????????????? Sa-thanee Klang Bang Sue) or Bang Sue Grand Station is to be the new railway hub of Thailand, located in Chatuchak, Bangkok. It is to replace the currently in use Bangkok Railway Station at Hua Lamphong as the […]
Vietnam’s real estate sector has witnessed significant participation from Japanese investors through cooperation with Vietnamese businesses recently, promising to bring benefits to the real estate market. According to real estate company Savills Vietnam, over the past years, Asian investors, including Japanese ones, were only involved in commercial real estate like commercial centres, serviced apartments or office […]
Bangkok’s real estate market has witnessed tremendous growth over the last five years. Since 2013, more than 300,000 new condo units have been launched, 1.3 million square metres of new retail space has opened and nearly 800,000 sqm of new office space has completed, not to mention healthy growth in the hospitality and logistics sectors. […]
Thai Airbnb hosts have served more than 1.2 million guest arrivals over the past 12 months and earned 4 billion baht. Airbnb’s head of public policy for Southeast Asia, said the Thai host community earned a combined US$119 million (4 billion baht) in supplemental income from February 2017 to February 2018. Ms Goh said […]
Already a significant player in the real estate space, sovereign wealth funds (SWFs) are set to further increase their allocation to real estate. Preferred sectors include core office and retail assets as well as open-ended funds and listed REITs (real estate investment trusts) with allocations to steadily increase over the foreseeable future. According to PwC, […]
A drone the size of one’s palm buzzes 50 metres up a skyscraper in downtown Singapore. Tracing the contours of the building, the machine scans for cracks and records the temperature of the building’s façade as it makes its ascent. Sitting in a room 5 kilometres away, a man sees a live feed from the […]
As we approach the end of 2017, here’s a look back at the most significant real estate trends that have shaped the real estate landscape – and are likely to flow through to 2018. 1. Proptech A convergence of property and technology: proptech has changed the way we use real estate. From data analytics to […]