Chinese government issues measures to curb rising property prices
China's Ministry of Housing and Rural Development has summoned mayors in several provinces to warn of crackdowns on rising housing prices amid concerns over residents' inability to afford housing. According to Xinhua, the Ministry of Housing and Rural Development has reminded the governors of the second-largest developed cities of Chengdu, Taiyuan, Xian, Harbin, Kunming and Guiyang. These cities have seen significantly higher housing prices in recent years than in some other provinces.
Tycoon Ly Hour reaffirms election does not affect real estate
Phnom Penh: President of the Cambodian Housing Developers Association, Tycoon Ly Hour, took his valuable time to highlight the market trends and trends of housing development in Cambodia. He allowed an interview with Leang Kong Yin, CEO and Founder of Propertyarea.asia, to outline the vision and evolution of Cambodia's socio-economy. How do you see the current state of the real estate market in Cambodia? The development situation of the sector is still good, but the sale of luxury and expensive housing seems to be a bit slow, but the market for middle and lower middle income people is growing and there is a lot of demand. In fact, I recently opened a housing project for middle-income and lower-middle-income people, more than 200 houses on 3 hectares of land sold out in just one month.
Discover another real estate giant in Phnom Penh
Phnom Penh: Another real estate giant based in China has started its huge investment project in Phnom Penh, which is growing rapidly. The Yuetai Group has entered the Cambodian market with its experience and success, which has so far registered its business in China for business development purposes. Real estate and construction. Since its inception, the company has successfully built more than 20 major real estate projects in China.
