Real estate

Construction of the controversial Bt14-billion Chao Phraya Landmark project is expected to start early next year, according to a source close to the project. The source also said on 21 February that Deputy Prime Minister and Defence Minister Prawit Wongsuwan had ordered state radio and TV stations ...

A majority of people buying condo apartments at That Luang Marsh Specific Economic Zone (SEZ) in Vientiane are Lao or of Lao origin living in France, officials in charge of the project have said.  Vice President of the zone’s management board Mr Pheng Inthilath told Vientiane ...

Myanmar’s Union Parliament approved on 22 January the draft Condominium Law to allow 40-per-cent foreign ownership. Under the law, foreigners can buy up to 40 per cent of condominium units. Keep reading   ...

Vietnam’s housing market is expected to enjoy another good year after record sales in 2015 aided by improved economic conditions and infrastructure and lower interest rates.   According to the industry’s estimates, apartment sales in Hanoi hit around 28,300 units in 2015, a 70 percent rise from ...

Business leaders in Nakhon Phanom are scrambling for facts to verify the reported construction of Disney Laos, with fears that this could be a hoax which could spark land price speculation in the northeastern province. Charnyuth Uppapong, chairman of the provincial chamber of commerce, said on ...

Real estate conglomerate Vingroup has acquired Vietnam’s oldest supermarket chain Maximark in an effort to strengthen its foothold in the retail market.   The value of the deal has not been revealed. Maximark, whose first supermarket was open in January 1996, has nine supermarkets, mostly in Ho ...

Property developers are busy introducing special marketing campaigns to cash in on the Thai government’s property stimulus measures that kicked off on 19 October. Among them are Sansiri Plc, which introduced on-top discounts for 62 residential projects nationwide that have remaining units available for sale priced from ...

Thailand’s ONYX Hospitality Group has signed an agreement with Vietnam’s HB Group to manage a US$1.5-billion resort that is being built in Hoi An, local authorities announced on 18 October. Keep reading ...

The Thai cabinet approved three tax packages on 13 October aiming at reviving the flagging property sector, stimulating start-ups and rebuilding investor confidence. Finance Minister Apisak Tantivorawong said the property stimulus covered both financial and fiscal measures such as cuts in the housing transfer and mortgage fees for homes priced ...

Real estate agents in Yangon say the property market has fallen totally silent over the past week, with almost no deals signed. While sales have continued to slow since the start of the year, there has been no buying and selling whatsoever over the past week, ...