South East Asia News

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Why these are the top spots to buy property in Southeast Asia

Southeast Asia has emerged as a key asset location with superior long-term growth prospects, thanks to the region’s economic potential and pandemic management. KUALA LUMPUR, MALAYSIA. It manages to ooze exotic multi-ethnic appeal while offering the facilities, infrastructures, and comforts of a world-class modern metropolitan centre, having transitioned from a modest, thatched-roof tin-mining town in the mid-1800s to a well-connected high-tech city today. Internationally acclaimed restaurants coexist with hawker centres, and quaint old shophouses and ancient colonial structures provide a contrast to the gleaming towers and modern condominiums. BANGKOK, THAILAND. Bangkok sustains much of its originality and charm despite its

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Hong Kong News

JLL: APAC commercial property transaction volumes to improve by 15-20% in 2021

The pandemic accelerated industry trends and revealed an exciting ‘opportunity in obsolescence’ in Asia’s commercial property sector As we enter the second year since the coronavirus pandemic wreaked havoc in the world, we are now starting to see some positive light. Outlook for commercial property in Asia is improving as industries stabilise and growth areas prop up demand for office spaces. Traditional sectors like finance and service were hit hard by the coronavirus pandemic, but this may not be fully attributed to the virus. Talking to Bloomberg Markets Asia, JLL APAC CEO Anthony Couse said that the pandemic only accelerated

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News

Why Penang still tops the Malaysian holiday home market

Next to Kuala Lumpur, Penang is probably the most highly urbanized island in all of Malaysia. It is home to more than 1.7 million Malaysians who enjoy high standards of living but with considerably minimal costs than that of KL. Although a haven of development, Penang still houses the charm of the old-world – breathtaking coastlines, lush greenery, nature parks, wild animals, to name a few. This is primarily the reason why both foreign nationals and locals are drawn to getting their prized properties in the region. Realty developments in Penang are mostly centred in its capital city, Georgetown. The

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News

Trump scrubbed out of Indonesian leisure project

The trajectory of Donald Trump’s plans to establish The Trump Organization’s presence in Indonesia has taken an unexpected turn, encountering various obstacles along the way. Overview of the Project: Originally envisioned as a sprawling Rp35tn (S$3.2bn) leisure complex, the project aimed to introduce an array of residential homes, country clubs, and leisure resorts to Southeast Asia. In collaboration with Indonesia’s MNC Group, it aspired to create “the first integrated Trump Resort and Residencies in Asia.” Initial Enthusiasm: The initial stages of the project were marked by enthusiasm, with Donald Trump Jr. gracing a pre-launch event in August 2019. The event

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News

Investors scoop up luxury properties amid boom in branded real estate in Southeast Asia

Branded residential schemes are propping up the real estate sector across Southeast Asia as brand association boosts buyer confidence in construction quality and amenity offers Luxury hotel chains like Four Seasons and Ritz-Carlton promise five-star living for investors with capital to spare. There are currently 500 branded residential property schemes worldwide and Savills research shows this residential sector boasts a 170 per cent growth over 10 years. With 100 new schemes in the horizon, property gurus share an optimistic outlook despite the current recession brought on by the pandemic. Thailand, Vietnam, and the Philippines account for the majority of branded

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News

Stronger Thai baht cause exodus of expats dreaming of easy retirement

Foreign retirees who flocked Thailand partly due to the cheap costs are now feeling the financial strain from stronger baht and stringent measures Thailand ranks among the world’s top 10 destinations for retirement for the tropical climate, beautiful beaches, great food, and affordable cost of living. Budget-conscious foreign retirees flock to the country to live the good life. However, the recent surge in Thai baht is threatening their idyllic life in paradise as Thailand courts wealthier expats with their stringent measures. British retirees flock Thailand partly due to the cheap costs. Two decades ago, a pound could be exchanged for

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South East Asia News

Thailand’s Real Estate Tycoon Takes the Helm as Prime Minister

In a surprising and unprecedented turn of events, Thailand has witnessed a historic shift in leadership as real estate mogul, Khun Siripong, steps into the role of Prime Minister. The news has sent shockwaves through the country’s political landscape and global economic observers alike. Bangkok, Thailand — The Land of Smiles has a new leader, and it’s not a politician; it’s a real estate magnate. Khun Siripong, a prominent figure in Thailand’s property market, has been sworn in as the country’s Prime Minister, marking a dramatic shift in the nation’s political dynamics. The announcement comes on the heels of mounting

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South East Asia News

Residential Market Witnesses 29.1% Drop in New Sales during Q1

The residential property market has been on a rollercoaster ride, with the first quarter of the year revealing a significant 29.1% drop in new sales.  Let’s look at the key factors behind this sharp decline and explore what lies ahead for the property sector. 1. Unraveling the Numbers: Understanding the 29.1% Drop  Dive into the statistics and analyze the data that led to the steep decline in new residential property sales during Q1. What are the contributing factors, and how do they compare to previous periods? 2. COVID-19 Impact: Navigating Uncertainty  The ongoing pandemic continues to cast its shadow on

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thailand real estate
South East Asia News

Exploring the Feasibility of Acquiring Real Estate in Thailand Online

As the digital age transforms various industries, acquiring real estate in Thailand through online platforms has become an intriguing topic for prospective buyers.  Here are the possibilities and considerations involved in purchasing property in Thailand remotely, shedding light on the advantages and challenges that come with it. The Convenience of Online Real Estate Transactions With the advent of technology, the real estate market has experienced a significant shift towards online platforms. Thailand, renowned for its stunning landscapes and vibrant cities, is no exception. Online portals, dedicated websites, and digital marketplaces have made it easier for individuals interested in Thai real

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South East Asia News

A Comprehensive Guide to Investing in Thailand for Expatriates

With its high quality of life, tropical climate, and vibrant culture, Thailand has become a sought-after destination for expatriates. However, it’s not just a great place to live; it’s also an excellent place to invest. With a dynamic and diverse economy, Thailand offers numerous opportunities for investors seeking growth, income, or diversification. Thailand’s investment landscape has something to offer regardless of your investment preferences, whether real estate, stocks, bonds, businesses, or cryptocurrencies. If you’re an expatriate looking to diversify your investment portfolio or take advantage of the country’s economic growth, it’s crucial to understand the local regulations, market conditions, and

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