Property
Thailand to create asset management firm to tackle soaring household debt
Thailand will establish an asset management firm in the first quarter of this year to help resolve its stubborn problem of high household debt, the prime minister said on Monday.
Office space demand recovery remains distant
Real estate service provider Cushman and Wakefield Inc. said a return to pre-pandemic demand for office space in the Philippines and around the world remains distant as interest rates will likely remain elevated.
Ovialand partners with Japanese firm Takara Leben
Boutique housing developer Ovialand Inc. has partnered with listed Tokyo-based real estate firm Takara Leben to expand its portfolio and bring more affordable premium homes to Filipino families.
Asia-Pacific property market still listless in 4Q 2023—Colliers survey
Cap rates, the estimated yield of a property over one year, are on the rise in only five of 19 cities in Asia Pacific, all of them located in Australia, suggesting a still listless real estate market for most of the region in the fourth quarter of 2023, a survey by diversified professional services and investment management company Colliers showed Thursday.
Ayala Land renovating flagship malls, doubling hotel room count
Ayala Land Inc. has started a two-year program renovating four of its flagship malls as part of efforts to refresh its facilities after the pandemic.
