News roundup: Queensland property with 400-plus cars for sale, and other headlines

For PropertyGuru’s real estate news roundup, a Queensland property for sale includes 400-plus cars. In other headlines, The Industrial Estate Authority of Thailand signs a land sale to boost the economy in the southern region of the country, while Cambodia’s real estate sector might need an additional two to three years to reach pre-pandemic levels.

Huge Queensland property for sale with 400-plus cars included

A perfect property for petrol-heads has hit the market in Queensland, offering an absolute bonanza for car lovers looking to get their hands dirty. The sprawling leafy property at 294 Gympie Road, Tinana, near Maryborough, features a three-bedroom brick home on a 2.5 hectare block.

But its most noteworthy feature is the 400-plus cars nestled among the trees that can be included with the property, including countless Holdens waiting to be restored or wrecked, as well as plenty of utes, commercial vehicles and passenger cars.

Currently home to a spare parts business, the property features a 450sqm shed from which the business operates, with potential buyers given the chance to continue trading or undertake a new venture with the property, according to realcommercial.com.au.

IEAT signs land sale to boost southern economy

The Industrial Estate Authority of Thailand (IEAT) expects its latest land sale to a lightweight brick manufacturer to serve growing brick demand and support the government’s plan to help the economy in the southern region.

The land, spanning 35 rai in the Southern Region Industrial Estate, was sold to Quality Construction Products Plc (Q-Con), which signed a purchase agreement on 18th March.

The land purchase will help create jobs and support other investment projects that need construction materials, eventually helping the economy in the southern region, said the governor of the IEAT, Veeris Ammarapala, in a Bangkok Post report.

Cambodia real estate eyes gradual recovery

Despite the gradual global economic recovery, Cambodia’s real estate sector might need an additional two to three years to reach pre-pandemic levels, as the sector has shown very little development in early 2024 compared to 2023, according to the Cambodian Valuers and Estate Agents Association (CVEA), as reported by The Phnom Penh Post.

During a roundtable discussion on the “2024 Economic and Real Estate Situation” organised by the Club of Cambodian Journalists (CCJ) on 11th March, CVEA president Sorn Seap observed that since the start of 2024, the sector has not significantly improved from 2023.

He noted some positive signs in specific areas such as the condominium and rental accommodation market within the tourism sector. However, he pointed out that the market for buying and selling land and retail space was still underperforming.

The Property Report editors wrote this article. For more information, email: [email protected].