It is easy to fall in love with Phuket. Its beautiful beaches, the laid-back lifestyle and vibrant nightlife make it a favourite of tourists from around the globe who flock to the island.
Prem Kumar, proprietary partner and executive director of Jones Lang Wootton, has been confirmed to as a Judge for the South East Asia Property Awards (Malaysia) 2016, the country’s most respected and most credible industry awards programme.
Economically and politically, Myanmar has undergone vast changes in the past few years. In fact, the country as it is today is almost unrecognisable from the military ruled, closed economy of not so long ago.
Last Friday the Bank of Japan (BoJ) announced the implementation of a negative interest rate policy, whereby it would charge a 0.1% interest rate on commercial banks' deposits with the BoJ. The new rate is applicable to cash deposited after February 16, 2016.
Malaysia’s government recent announced the increase of foreign workers’ levy in the construction sector that took effect on 1 February 2016, but some industry players are speaking against the new policy.
ក្រុមហ៊ុនប៊ុណ្ណា រៀលធី គ្រុប សូមជំរាបជូនដល់អតិថិជន ក៏ដូចជាសាធារណជនឲ្យបានជ្រាបថា ថ្មីៗនេះមានជនខិលខូចបានក្លែងបន្លំរបាយការណ៍វាយតម្លៃទ្រព្យសម្បត្ត ដែលធ្វើឲ្យបះពាល់យ៉ាងធ្ងន់ធ្ងរដល់កិត្តិយសរបស់ក្រុមហ៊ុនយើងខ្ញុំ។
Focusing on “The Rise of the Innovation-Oriented City,” JLL notes that urbanisation and technological advancements in certain areas have paved the way for building “innovation-oriented economies” that transform real estate projects and infrastructure.
Post-war Sri Lanka has created the perfect storm for intrepid property investors with its capital city, Colombo, seen as having the potential to be South Asia’s hub for real estate investment, according to recent reports by JLL and global property portal Lamudi. Still, the threat of market overcrowding looms, and the country’s unpredictable political narrative could also spell trouble.
It may seem anomalous given its famously crazy traffic and cacophony of sights, smells and sounds, but things have a tendency to move a little slower in Hanoi than in Ho Chi Minh City.
While Vietnam’s southern hub is firmly in place as the country’s economic hub, with all the commercial benefits that entails, the capital has taken a while longer to establish itself as truly dynamic modern base.
The economy is slowing, the ringgit is depreciating, and there's a political scandal affecting Prime Minister Najib Razak. House prices in Malaysia continue to rise, but at a slower pace, and transactions are slightly down and residential construction activity is slowing.