Chinese investors have allocated more than US$2 trillion to overseas investment and construction in the past decade and a half.
In recent years, Malaysia’s property market has been resistant in terms of price. It was reported that over the last 30 years, house prices declined between 1998 and 1999 due to the impacts of the 1997 Asian financial crisis. Then in 2001, the property market in the country entered into a recovery phase. A few years later the mid-cycle dip took place during 2007 to 2009 because of the subprime mortgage crisis.
The coronavirus crisis has severely affected numerous sectors, from aviation, and tourism, to oil and gas even property. The World Bank noted in its recent ‘Global Economic Prospects’ report that the pandemic has caused the broadest collapse of the global economy since 1870.
Will the end of Chinese involvement in ASEAN’s online gambling sector see a spiral in property prices?A stark example of this is playing out in Cambodia, where there have been reports of the property bubble bursting in Sihanoukville – a beach town now known for its casinos – after Prime Minister Hun Sen announced that the country would stop issuing online gambling permits on 18 August.In the Philippines, though, President Rodrigo Duterte has remained steadfast in his support for online gambli
Massive infrastructure projects and ample growth prospects have positioned ASEAN as a prime real estate investment destination globally, with properties in regional capitals typically offering higher rental yields and capital appreciation than assets in more developed areas.The region also leverages on an upsurge of interest across Asia as a whole, which saw total transactions of completed properties rising 19 percent year-on-year to US$61 billion in the first half of 2017 alone, according to
Myanmar has notoriously low residential property taxes rates, accounting for just 7.5% of GDP, compared to the 13-14% its neighbours, Laos and Cambodia pay.In 2016, this amounted to just US$1.86 per capita in Yangon according to research done by the Renaissance Institute.
