{"id":25941,"date":"2016-09-13T16:33:18","date_gmt":"2016-09-13T09:33:18","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/record-breaking-land-sale-in-guams-tumon-bay\/"},"modified":"2016-09-13T16:47:10","modified_gmt":"2016-09-13T09:47:10","slug":"record-breaking-land-sale-in-guams-tumon-bay","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/record-breaking-land-sale-in-guams-tumon-bay\/","title":{"rendered":"Record breaking land sale in Guam\u2019s Tumon Bay"},"content":{"rendered":"


\nGuam\u2019s popularity with investors continues, with a Taiwan based developer acquiring the exclusive beachside area
\nThe clear-blue waters of Tumon Bay. Image credit: violetblue\/Shutterstock
\nA parcel of land in Guam has been sold for USD34 million, thought to be one of the highest ever prices per square metre on the island, reports Guam Pacific Daily News.
\nThe land in the Tumon Bay area has been acquired by Evergreen Phoenix Resort Hotel LCC, a resort developer with ties to Taiwan and Samoa, which was registered as a Guam business on 29 June. It is registered to conduct hotel, restaurant and real estate businesses.
\nSitting next to the Hyatt Regency Guam, the 50,475 sqm land is one of the few remaining undeveloped areas along the beach side in Tumon Bay.
\nMore: Taiwan commercial real estate on a slowdown
\nAt almost USD700 per sqm, the property is one of the highest priced on the island in roughly 15 years, according to Christoper Felix, principal broker at Century 21 Realty Management, adding that Guam\u2019s tourism industry is both increasing and diversifying, which is encouraging for investors. While Guam\u2019s primary visitor profile has traditionally been Japanese, there has been a rise in visitors from South Korea and Taiwan in recent years.
\nTaiwanese investors are reportedly playing a key role in an upsurge of property transactions\u00a0in Guam this year.
\nSales of land, houses and buildings in the US territory hit\u00a0USD373.6 million in just the first seven months of the year, compared with USD321.7 million for the entirety of 2015, according to Siska Hutapea, president of Cornerstone Valuation Guam Inc.
\nThe American territory has proven popular\u00a0with Taiwan investors due to\u00a0its safe-haven status as a US-dollar-based economy.
\nRead next: Tapei 101 earns title of the world\u2019s tallest green building
\n
\nSource : property-report.com
\nRead more…Record breaking land sale in Guam\u2019s Tumon Bay<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Guam\u2019s popularity with investors continues, with a Taiwan based developer acquiring the exclusive beachside area...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-25941","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-6Kp","jetpack-related-posts":[{"id":24054,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/taiwan-investors-are-behind-property-sales-boom-in-guam\/","url_meta":{"origin":25941,"position":0},"title":"Taiwan investors are behind property sales boom in Guam","date":"August 26, 2016","format":false,"excerpt":"\r From one island to another, these investors are riding high on a visa waiver program and safely storing their wealth in the American territory Sunset over Tumon Bay, Guam. northsan \/ Shutterstock Taiwanese investors are reportedly playing a key role in an uptick of property sales in Guam this\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3443,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/could-cambodias-southern-coast-be-asias-next-resort-hot-spot\/","url_meta":{"origin":25941,"position":1},"title":"Could Cambodia\u2019s southern coast be Asia\u2019s next resort hot spot?","date":"February 2, 2016","format":false,"excerpt":"\r While the property market in Phnom Penh remains robust, the country\u2019s\u00a0oft-overlooked coast is carving out\u00a0its own reputation Sihanoukville is broadening its appeal with luxury condos and sumptuous island retreats In Cambodia, all roads have traditionally led to Phnom Penh \u2013 at least from a real estate speculation perspective. 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