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Thai developers turn to Phuket, targeting US and Chinese buyers as Bangkok market cools

Thai developers turn to Phuket, targeting US and Chinese buyers as Bangkok market cools

Property developers are shifting their focus from Bangkok to Thailand’s southern island Phuket, seeking to capitalize on demand from tourists and retirees from China and the U.S.
Hong Kong’s prominent Ho Shung-pun family lists building for $44M after offloading luxury homes on the Peak

Hong Kong’s prominent Ho Shung-pun family lists building for $44M after offloading luxury homes on the Peak

Hong Kong stock exchange operator HKEX’s chairman Carlson Tong sells luxury home for $9M

Hong Kong stock exchange operator HKEX’s chairman Carlson Tong sells luxury home for $9M

Ho Chi Minh City to raise $1B by auctioning six land lots in Thu Duc

Ho Chi Minh City to raise $1B by auctioning six land lots in Thu Duc

Ho Chi Minh City aims to raise over VND25.4 trillion (US$1 billion) by auctioning six land lots in its Thu Duc city, including several prime locations in the Thu Thiem urban area.
May 30, 2025 | 08:42 pm PT
Sister of former Hong Kong chief executive Tung Chee-hwa acquires $15M flat

Sister of former Hong Kong chief executive Tung Chee-hwa acquires $15M flat

Shirley Peng, sister of former Hong Kong Chief Executive Tung Chee-hwa, reportedly purchased a HK$119 million (US$15.2 million) flat in the city’s affluent Mid-Levels neighborhood amid an ongoing property slump.
May 29, 2025 | 10:58 pm PT
Hong Kong rich families offload luxury homes to repay debts

Hong Kong rich families offload luxury homes to repay debts

Some of Hong Kong’s richest families are selling their personal residences to manage rising debts as the city’s prolonged property downturn persists.
May 25, 2025 | 03:31 pm PT
Wife of Meitu billionaire co-founder Mike Cai Wensheng buys $60M Hong Kong house

Wife of Meitu billionaire co-founder Mike Cai Wensheng buys $60M Hong Kong house

The spouse of the co-founder of Chinese selfie app Meitu has purchased a HK$465.8 million (US$60 million) residence in Hong Kong’s prestigious Jardine’s Lookout neighborhood.
May 22, 2025 | 07:24 pm PT
Airbnb-like short-term housing lease ban reviewed for inconsistency with laws

Airbnb-like short-term housing lease ban reviewed for inconsistency with laws

The Ministry of Construction is reviewing regulations that prohibit the short-term lease of apartments to ensure they do not fall foul of laws.
May 18, 2025 | 08:18 pm PT
Trump Organization's $1.5B hotel, golf project approved in northern Vietnam

Trump Organization's $1.5B hotel, golf project approved in northern Vietnam

A 990-hectare urban, eco-tourism, and golf complex in the northern province of Hung Yen with a total investment of $1.5 billion has been approved for investment.
May 16, 2025 | 11:14 pm PT
Hong Kong property slump hits real estate owned by celebrities and tycoons, including Nicholas Tse and Stanley Ho’s family

Hong Kong property slump hits real estate owned by celebrities and tycoons, including Nicholas Tse and Stanley Ho’s family

Hong Kong’s prolonged property downturn is dragging down the value of real estate owned by celebrities and tycoons, including actor Nicholas Tse and the family of late Macau casino magnate Stanley Ho.
May 13, 2025 | 07:55 pm PT
Hong Kong district Tsim Sha Tsui tops global retail rents, overtaking New York’s Madison Avenue

Hong Kong district Tsim Sha Tsui tops global retail rents, overtaking New York’s Madison Avenue

Tsim Sha Tsui, a prime retail area in Hong Kong, topped global retail markets for the highest rental costs last year, driven by luxury brands like Cartier and Dior maintaining flagship stores.
May 12, 2025 | 01:28 am PT
Hanoi mid-priced serviced apartment rents soar

Hanoi mid-priced serviced apartment rents soar

Hanoi mid-priced serviced apartment rents jumped by 14% in the year’s first quarter to US$25 per square meter per month.
May 10, 2025 | 04:52 pm PT
Chinese actress Vicki Zhao and ex-husband's former Hong Kong home fails to find buyer despite 32% discount

Chinese actress Vicki Zhao and ex-husband's former Hong Kong home fails to find buyer despite 32% discount

A luxury duplex flat once owned by Chinese actress Vicki Zhao and her ex-husband, Huang Youlong, failed to attract any bids at auction despite being offered at a 32% discount.
May 8, 2025 | 11:08 pm PT
Vietnamese café takes over prime HCMC spot where Starbucks once paid $29,000 a month

Vietnamese café takes over prime HCMC spot where Starbucks once paid $29,000 a month

A Vietnamese coffee shop has taken over a prime retail space on Han Thuyen Street in Ho Chi Minh City’s District 1, eight months after Starbucks closed its high-end store there.
May 7, 2025 | 04:08 am PT
Americans need $114,000 annual income to buy average home

Americans need $114,000 annual income to buy average home

Homeownership is receding further out of reach for most Americans as elevated mortgage rates and rising prices stretch the limits of what buyers can afford.
May 5, 2025 | 11:58 pm PT
Rich Chinese lose interest in US real estate, eye Singapore, Malaysia for alternatives

Rich Chinese lose interest in US real estate, eye Singapore, Malaysia for alternatives

China's wealthy are increasingly turning their focus to properties in Malaysia, Singapore, and Australia as their interest in the U.S. market dwindles amid growing geopolitical tensions.
May 5, 2025 | 01:12 am PT
HCMC workers need 34 years’ income to buy a home

HCMC workers need 34 years’ income to buy a home

An average worker in HCMC needs 34 years’ current income to afford a home in the city, according to cost of living database Numbeo.
May 4, 2025 | 03:08 pm PT
Half of Hanoi’s old apartment projects see prices drop

Half of Hanoi’s old apartment projects see prices drop

Some 47% of apartment projects in Hanoi saw a decline in prices on the secondary market during the first quarter, reversing a trend seen in previous months.
April 28, 2025 | 11:41 pm PT
Vietnamese 4th biggest foreign buyers of Australian housing

Vietnamese 4th biggest foreign buyers of Australian housing

Vietnamese are the fourth largest foreign buyers of residential properties in Australia behind people from China, Hong Kong and Singapore.
April 28, 2025 | 01:59 am PT
Young people opt for rental housing as ownership slips out of reach

Young people opt for rental housing as ownership slips out of reach

Young people are opting to rent homes rather than burden themselves with debt as property prices outpace their incomes.
April 19, 2025 | 03:37 pm PT
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