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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 buildings.
However, at present, these investors are increasing their activity in the residential segment due to the country’s young population and an increasing middle class, presenting an extremely attractive opportunity.Presence of big Japanese investors
Shinichi Sakaki, deputy general director of the City Bureau, at Japan’s Ministry of Land, Infrastructure, Transport and Tourism, said the Japanese Government now has policies to support real estate developers promoting investment abroad.
In addition, Japan has the experience of…
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.
In 2018, the underlying drivers of the recent growth cycle are changing and creating new challenges for the market’s leading players. Property consultancy JLL reveals some of the trends that are shaping the Bangkok real estate market this year.
Andrew Gulbrandson, Head of Research at JLL, says “Rapidly rising land costs continue to represent a significant challenge for the market today. The recent annual increases around the market of 10-15% per year are pushing developers in new directions.”
With only a handful of except…
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 the 1.2 million guests represent 66% year-on-year growth in arrivals.
She attributed the growth to the increasing acceptance of the hospitality platform among Thais as an opportunity to earn extra income and welcome guests from around the world.
“There are over 61,400 listings in Thailand on Airbnb, and the median host income averages $2,100 or 67,000 baht annually,” Ms Goh said.
Bangkok and Phuket contributed more than half of host earnings and guest arrivals over the past 12 months. Airbnb hosts in Bangkok earned 1.1 billion baht by sharing their homes with 485,000 guests.
In Phuket, the stro…