Seoul transit hub design wins award
Seoul transit hub design wins award

An international competition to design a USD1.2bn transport hub and shopping centre for the Gangnam district of Seoul has been won by French firm Dominique Perrault Architecture. The multi-use development in downtown Seoul will feature a train station, shops, an art gallery, and educational centre and parks, and when complete will be the largest underground complex in South Korea. Named ‘Lightwalk’, the 160,000 sq m development will extend underground for six floors with a 28,0 Read More

HCMC metro project USD800m over budget
HCMC metro project USD800m over budget

The troubled second metro line project in Ho Chi Minh City (HCMC) City has continued to go over budget and time with authorities now having requested a further USD800m cash from the government to complete the project. Work on the 11km underground line began in 2010 and was scheduled to finish in 2020 at a cost of USD1.2bn.  However, delays and budget issues, related to payment issues and subsequent interest, now mean the project will not likely be complete until 2024 on a budget of USD2. Read More

USD1.1bn of construction for Yangon
USD1.1bn of construction for Yangon

A rush to fill the market gap for high-end mixed-use space in Myanmar has seen three international companies announce projects worth over a billion dollars in Yangon. Two projects with a combined development value of USD700m will be built by Bouygues of France and Taisei Corporation of Japan for Singaporean developer Yoma Strategic Holdings. One, Yoma Central will feature two Grade A office towers, a business hotel, serviced apartments and retail, while the second is to be a luxury hotel. Wor Read More

China-Laos railway bores first tunnel
China-Laos railway bores first tunnel

The first tunnel on the 414km China-Laos rail link was bored in December, marking the first success of the USD5.8 billion project. The 301m Ban Somsanook No. 2 Tunnel presented a number of dangerous challenges given the mountainous terrain and geology but contractor, Sino Corporation Engineering Bureau 15 Co., successfully completed the first of many such projects on the route. Laos is an exceptionally mountainous country so more than 62 percent of the cross-country rail project, first Read More

Vietnam’s tallest building wins award
Vietnam’s tallest building wins award

A shimmering tower block which will be Vietnam’s tallest building when construction is completed in 2019 has won an international architecture award.  Designed by London-based firm Atkins, the 460m Landmark 81 in Ho Chi Minh City, Vietnam won the “World’s Best Architecture” prize at the International Property Awards 2017 hosted in London in December. It also picked up “Best International Residential High-rise Architecture” and “Best Residentia Read More

Japan and Philippines sign training deal
Japan and Philippines sign training deal

Japan and the Philippines have initiated a training scheme for Filipino construction workers to ease skills shortages faced by both countries. The training program aims to “instil Japanese discipline” to help the Philippines ‘Build, Build, Build’ infrastructure program, while also opening up the Japanese labour market to Filipino workers for the first time. Japan is facing massive delays on flagship projects underway in preparation for its hosting of the Tokyo 2020 Read More

Indonesia tenders USD1bn Patimban Port
Indonesia tenders USD1bn Patimban Port

The Indonesian government opened tendering for construction of the planned USD1bn Patimban Port in Subang, West Java in October. The project is being funded by a loan from Japan via the Japanese International Cooperation Agency (JICA) and will improve logistical infrastructure in the Jakarta Metropolitan Area. According to the Jakarta Post, the tenders on offer are for three separate works; the terminal, a breakwater and seawall, and a connecting breach with the intention of providing only Read More

Vietnam running out of sand amid boom
Vietnam running out of sand amid boom

Vietnam is considering using artificial sand after the Institute of Transport Science and Technology warned the government it could run out of naturally occurring sand within five years.  The report presented to the Ho Chi Minh City Department of Transport also noted that artificial sand could be made for up to 15 percent more cheaply than mining the natural variety, and that it makes better quality concrete. Vietnam uses about 100 million cubic metres of sand every year to keep pace Read More

19 projects inked at a Cambodia-China meeting
19 projects inked at a Cambodia-China meeting

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The prospects of strata-title office developments
The prospects of strata-title office developments

Strata-title property is where individual units are sold by the end-users or investors. Lately there has been growing interest from yield-driven investors looking for an alternative to investing condominium units by investing in office buildings. In the past, the market has seen almost no strata title office units launched while several thousand new residential condominium units have been made available. “The rates of return are actually growing at a faster rate if investors purchase ot Read More

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