THE Philippines posted a record 13,939 rooms last year, a 9.9-percent increase from the 12,683 recorded in year earlier, Trent M. Frankum, general manager of CB Richard Ellis Philippines, Inc. (CBRE) said.
But Frankum also said these additional hotel rooms are not enough to meet the growing demand for more rooms.
Citing the reports of the Philippine [...]

Hong Kong’s high-end apartments are the world’s most expensive to rent, followed by Tokyo and New York, reflecting high living costs in those cities, a survey on expatriate accommodation showed Tuesday.
An executive three-bedroom apartment in Hong Kong costs more than $8,500 a month to rent, according to the survey by human resources consultancy ECA International, [...]

The South Korean property market’s growth prospects are good because of higher institutional and retail demand for real estate investment products, a foreign expert said Thursday.
Paul Keogh, president of RREEF Korea, the real estate and infrastructure investment management division of Deutsche Bank, made the statement in a speech during a seminar titled “Prospects for the [...]

Land prices are soaring, ordinary citizens are taking out loans just to grab some of the available real estate, and the government has taken measures to prevent the situation from spiraling out of control.
Yes, South Korea is now in the midst of an asset-inflated “bubble economy” like the one Japan experienced in the 1980s and [...]

The South Korean government will require private builders to disclose their costs for the construction of new apartments starting September in an effort to rein in high-flying housing prices, officials said Thursday.
The country has been plagued by soaring property prices, which some analysts say border on a price bubble that could burst at any time [...]

A new and brighter $2 million sign is shining outside the Grand Sierra Resort and Casino, replacing the former Reno Hilton’s marquee and bringing what a casino official calls one of the largest signs of its kind in the world.
The first words on the marquee were “Happy Holidays” in two shades of blue on Thursday. [...]

A Minneapolis firm won an architectural design contract for a $2.5 billion complex of more than 700 luxury condos in Seoul, South Korea. Parker Design International World Group spent two months this year designing Pelage, with units averaging 1,400 square feet that will cost $3 million to $5 million each. It’s to be completed in [...]

South Korea’s central bank has ordered banks to raise reserves for the first time in almost 17 years in a bid to curb soaring housing prices.
The Bank of Korea said its monetary policy committee increased the mandatory reserve ratio on demand deposits from the current five to seven percent, effective from December 23.
The decision, the [...]

Hong Kong shares hit a new record close, lifted by gains by real-estate companies, as most Asian markets advanced.
Singapore also finished at another record, Shanghai reached a five-year high and Taipei advanced to its highest mark in more than half a year.
In Hong Kong, blue-chip Hang Seng index inched up 14.53 points, or 0.1, to [...]

SEOUL - Lazard Asset Management LLC, a New York-based private equity fund, purchased a 5.09 per cent stake in Hwasung Industrial Co., a South Korean apartment builder, the Korean company said Wednesday.
Lazard Asset manages the Korea Corporate Governance Fund, which is advised by the nation’s most influential shareholder activist, Jang Ha-sung.

SEOUL - Shares in the Hwasung Industrial Co., a South Korean apartment builder, surged almost by the daily limit on Wednesday after a corporate governance fund advised by Jang Ha-sung purchased a stake in the company.
Hwasung Industrial stock jumped by almost 14.68 per cent to 16,800 won at 1:52 p.m. on the news.

An oasis of consumerism framed by snowcapped North Korean peaks, this idyllic mountain resort in the world’s most tightly controlled nation has come under criticism from the U.S. in the wake of the North’s nuclear test.
South Korea has been reluctant to roll back its reconciliation policies with the North — which include the marquee Diamond [...]