Residential property leasing will now be deemed to be a contract-controlled business following publication in the Government Gazette last week. The notification defines a “residential property leasing business” as a business that leases (or subleases) five units of property or more to individual lessees, for residential purposes, in exchange for a fee collected by the […]
Co-living, a term used to describe a living arrangement that is something more than shared space, in growing in Asia, especially in China and Hong Kong. Typically, a co-living facility will offer tenants small rooms but also shared facilities such as a TV room or a gym. There is also a social aspect; some facilities […]
Colliers International has reported that Asia’s property sector has been driven by economic growth and low real interest rates. Higher trade flows and e-commerce will continue driving industrial and logistics property in China, Hong Kong, Singapore and India, with industrial property emerging as a key organised asset class across Asia. Risks to this sector include […]
Bangkok’s property market enjoyed strong growth in the first quarter of this year, led by a 35 per cent jump in the number of condominium units released in Bangkok from the year-earlier period. Some 14,600 units were added to the market in the capital for the quarter,, said Surachet Kongchepp, a property market researcher with […]
On March 22, U.S. President Donald Trump signed an executive memorandum imposing tariffs as high as 25% on US$60 billion-worth of Chinese exports to the U.S. In response, on April 2, China announced retaliatory tariffs worth around US$3 billion on a range of U.S. products. While the move has sparked concerns of a trade war between the […]
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 […]
