The serviced residences sector is becoming increasingly popular among investors and clients in several Asia-Pacific markets, where developers and operators are expanding their reach in the niche segment.

A historic 9-storey penthouse apartment at New York City landmark Woolworth Building is being offered for sale for USD110 million, a record for lower Manhattan.

Malaysian property and construction conglomerate Sunway Bhd plans to launch its Sunway Iskandar project next month, but will be vying for buyers with Chinese firm Country Garden Holdings Co Ltd, which will also unveil its mega development in Selangor this week.

Most of Phnom Penh’s arts scene is concentrated in a handful of central galleries, but if you poke around on the outskirts you might just stumble on one of the capital’s most unusual and overtly political works.

However after several years of falling house prices, Vietnam’s housing market seems to be gradually improving. House price declines significantly decelerated in Q1 2014. Residential construction activity is recovering. Demand is picking up.

The slowdown in spending by China’s rich is threatening to end a rally in luxury companies that sent shares to all-time highs.

Foreign investors are eyeing more projects in the Vietnamese property sector as the market increasingly becomes more open to overseas investment opportunities.

Foreign property buyers are not to be blamed for pricing local first-time buyers out of the housing markets, says the Reserve Bank of Australia (RBA). The RBA is of the view that foreign investment may be partially

Nine floors of the 32-storey BKK1 condominium project, Platinum Bay, are now completed and construction is slated to be completed by mid-2017.

CBRE Cambodia’s latest MarketView report sees strong growth in Cambodia’s international tourism sector, with particularly strong in international arrivals resulting in growth in hotel occupancy rates and durations of stay.