Global Real Estate News Weekly: August 2019
**Japan: Private housing investment volume has risen for five consecutive years**

Japan's Ministry of Land, Transport has issued the Construction Investment Outlook Report, which shows that construction investment in 2019 increased by 3.4% year-on-year, reaching 62.94 trillion yen. Among them, private housing investment rose by 2.8% to 17.39 trillion yen for five consecutive years. Government investment in housing was 570 billion yen, up 4.7%, the first increase in four years. Japan's construction investment has been falling since 1992, but has rebounded since the post-disaster reconstruction in 2011.

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**Tokyo, Japan: Trading volume of second-hand apartments in Japan's capital circle rose 3% year on year.**

East Japan Real Estate Circulation Agency issued a report that the number of second-hand apartments in the Capital Circle increased by 3% over the same period last year, rising for two consecutive months. The unit price per square meter was 535,100 yen (about 35,000 yuan), up by 2.6% over the same period last six months. The number of second-hand apartments increased by 5% in Tokyo, 0.9% in Saitama and 6.7% in Yokohama and Kawasaki.

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**Thailand: Unemployment rate is as low as 0.12%.**

The employment report released in July by the Thai Statistical Bureau shows that 38.09 million people have reached the age of employment, of which 37.62 million are employed, 436,000 are unemployed, and 30,000 are seasonally unemployed, with a total unemployment rate of 0.12%. The employment of both agricultural and non-agricultural population decreased year on year. The largest decrease in non-agricultural employment was in the wholesale and retail industries, and the largest increase in employment was in the hotel and catering industries.

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**Phnom Penh, Cambodia: Land prices on Phnom Penh's Third Ring Road rose to $100-150**

According to Cambodian Real Estate Network, the land price along Phnom Penh's Third Ring Road was between $80 and $100 per square meter half a year ago, and has now risen to $100 to $150. It is reported that China has provided Cambodia with a total value of 259 million US dollars for the construction of the Third Ring Road in Phnom Penh. The ring road is 47.6 kilometers long and 25 meters wide. The third ring road extends from Udden area of Highway 4 to Highway 1.

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**Cambodia: Investors come from China, Japan, and Korea into the real estate market of Cambodia**

According to the report of the Ministry of Land Planning and Construction of Cambodia, the project investment in Cambodia in the past seven years was only US$3.2 billion from 2000 to 2007. But during 2008 to 2011, it’s increased by $1.226 billion. From 2012 to 2018, this amount of investment amounted to $5.555 billion. Chinese, Japanese and Korean investors have become the main investors in Cambodian real estate industry, which has promoted the rapid development of real estate. China's investment of $2.8 billion was the primary source of investment, followed by South Korea ($1.6 billion) and Japan ($382 million).

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**Vietnam: Trade Import and Export Are Becoming Balanced**

In the first half of 2019, Vietnam's total import and export volume reached a new high of about 245.48 billion US dollars, of which about 122.72 billion US dollars were exported, an increase of 7.3% compared with the previous year, and about 122.76 billion US dollars were imported, an increase of 10.5%. The deficit is about US$34 million, accounting for 0.03% of total exports, which shows that Vietnam's trade imports and exports are gradually balanced.

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**Vietnam: Vietnam has been awarded the fastest growing economy in Southeast Asia**

Standard Chartered Bank predicts that Vietnam will continue to be the fastest growing economy in ASEAN countries in the near future. It is expected that the economic growth rate will be 6.9% in 2019, and a large amount of foreign capital will continue to pour into Vietnam, focusing on production. The total amount of foreign investment attracted in this field is expected to achieve a double-digit rise for four consecutive years, which will provide impetus for the country's economic growth.

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**Singapore: GDP contracted by 3.3% in the second quarter.**

Singapore's Trade and Industry Daily on Tuesday released revised data showing GDP contracted by 3.3% in the second quarter, mainly due to a narrower decline in manufacturing and stronger growth in construction. The Singapore government lowered its economic growth forecast for this year to 0.0% - 1.0%, after a previous forecast of 1.5% - 2.5%.

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