Uoolu Weekly Real Estate News


Second-hand housing sales in Tokyo Circle hit a 30-year high in August

The real estate market trends survey of JLL in August 2019 showed that the Tokyo Circle in August 2,584 sets of second-hand housing, a 30-year high, an increase of 12.2% year-on-year, three consecutive months year-on-year rise. According to the region, the total number of Tokyo metropolitan areas reached 1,127 sets, a significant increase of 20.3% over the same period last year, increasing for seven consecutive months. The average price of second-hand housing in the capital circle is 30.3 million yen (about 1.97 million yuan), a 4.5% drop from the previous year.

6 Metropolitan Areas Vacancy Rate Decreases Rent Rises

The BUILDING Group of Japan released a survey of office building market in the main areas of six metropolitan areas in August 2019. The results show that the average vacancy rate in Tokyo's metropolitan area 5 was 1.99%, which has dropped by 0.06% annually for two consecutive months. The average rent was 22,000 yen/ping (about 432 yuan/m2), up 1.3% from the previous year. The vacancy rate in Osaka City was 1.37%, which was 0.03% lower than that in the previous year. The average rent was 9,913 yen/ping (about 195 yuan/m2), which was 0.4% higher than that in the previous year.


Malaysia's real estate sales grew by 6.9% in the first half of the year.

Malaysia's Ministry of Finance said that in the first half of this year, 16,172 real estate transactions, worth 68.3 billion ringgit (about 116.7 billion yuan), increased by 6.9% and 0.8% over the same period last year. Housing sector is the main driver of the real estate market, accounting for more than 60% of the total, 51% of the total sales. With economic growth, the real estate market will also grow in the second half of the year.


Phnom Penh Apartment Supply Transition Shifting from High-end to Economic

According to CBRE report, the supply of Phnom Penh apartment market is changing from high-end to economic ones. Data show that in the second quarter, a total of 1,393 apartment projects were completed, 72% of which were high-end apartments. Nine projects started construction of 5853 units in the second quarter, an increase of 281.5% over the previous quarter, and about half of them are economic apartments. The average price of all kinds of apartments fluctuated slightly. Among them, the average price of middle and high-end apartments is about $2,568 and $3,254, respectively, and the average price of economic apartments is $1,501.


It will be more convenient to cancel the entry and exit card for foreigners to Thailand in the next three months.

The Thai government announced that in the next two to three months, the "TM.6 Entry and Exit Card" which must be filled out by all foreigners entering Thailand will be cancelled, and the "TM.30 24-hour residence registration for foreigners entering Thailand" will also be cancelled. The details of the new measures will be formally released by the National Immigration Administration. After the abolition, it will be more convenient for foreigners to enter Thailand, and various lagging phenomena will also be improved.

Thailand's high-speed rail began construction in October to connect the three major airports.

Thailand's Ministry of Transport said that the EEC high-speed rail project between the three major airports was confirmed to sign a contract with the winning bidder, the CPH, in October. This will be Thailand's first real high-speed rail project, 220 KLM in length, with a total investment of 224.544 billion baht (about 49.928 billion yuan). After completion, it will connect Langman Airport, Suvarnabhum Airport and Utapau Airport.


Singapore's foreign exchange performance has reached a new high.

According to Lianhe Zaobao, Singapore's foreign exchange market reached a new high, averaging $633 billion in April this year, 22% higher than the same period three years ago, ranking the largest foreign exchange core in the Asia-Pacific region. The top five foreign exchange markets in the world are the United Kingdom ($3.58 trillion per day), the United States ($1.37 trillion), Singapore, Hong Kong and Japan.

Source: https://america.uoolu.com/news

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