Indonesia Halts Transport Construction After Injuries
The Indonesian government announced an immediate halt to work on public transportation construction sites on 20 February following a spate of serious injuries. The halt was called after seven workers were injured on the site Bekasi-Cawang-Kampung Melayu toll road when a girder pole collapsed on them, leaving them in critical condition. Last month four workers […]
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Arup Aiding Philippines’ Usd11bn Infrastructure Plan
Leading UK-based engineering consultants Arup signed a contract with the Philippines government in February to conduct feasibility studies and plans for new bridges, tunnels, and highways worth over USD11bn as part of the nation’s ambitious infrastructure program. In October 2017, the Asian Development Bank (ADB) approved a USD100m loan to support the Philippine government in […]
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Safari World Phnom Penh to Open in April
After two years of construction, the gigantic zoo Safari World Phnom Penh by L.Y.P Group is set to open for public this upcoming April, according to Agence Kampuchea Press (AKP).
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Real Estate Sector Leading Credit Recipient
The National Bank of Cambodia (NBC) reported in February that USD3.91 billion in bank loans were absorbed by the nation’s construction and real estate sectors in 2017.
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Prices Rocket on Capital’s Shophouses
Shophouses in emerging areas of Phnom Penh soared in price last year as investors look to capitalise on the rise of large retail outlets.
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Phnom Penh land prices predicted to drop slightly in 2018
According to a survey conducted by Key Real Estate Co Ltd, land prices in Phnom Penh are likely to drop by between 2 to 5 percent in 2018 due to both economic and political factors. “As it’s generally known, during the pre-election period, investors do not really want to take much action. They prefer to […]
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Eight-lane Highway Collapses in China
A 30-metre section of eight-lane wide highway collapsed near a subway construction site in China on 7 February, killing eight people. The incident which occurred in Foshan, Guangdong province in southern China injured a further nine. Reports on Chinese state television said that the elevated highway collapse was caused by a rush of water from […]
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Work Starts on Green Tower
Ground has been broken on what will become one of Singapore’s tallest and most iconic buildings featuring whole floors of natural greenery. The 51-storey 88 Market Street project will eventually rise 280m high with 93,000 sq m of space Designed by Danish architect Bjarke Ingels Group (BIG) and Italy’s Carlo Ratti Associati (CRA), the tower’s […]
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Singapore Launches Land Transport Innovation Fund
Singapore’s Land Transport Authority (LTA) has announced an USD18.8 million Land Transport Innovation Fund over five years to support research and trials in pioneering mobility solutions for the city state. The LTA is exploring the use of automation and autonomous vehicles (AVs) to improve efficiency, reduce human error and deliver better services, according to a […]
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Indonesia Stock Exchange Collapses
The collapse of a mezzanine walkway at the Jakarta stock exchange building in Indonesia injured over 75 people in January, though no fatalities were reported. The exchange was constructed in the late 1990s as part of a two tower complex, and the incident created a rush to evacuate the building amid fears of a bomb. […]
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Expert Predicts Kampot and Kep to Be Focus of Next Real Estate Boom
Kampot and Kep are slated to be focus of the next real estate boom in Cambodia over the next 10 years, in the footsteps of the three main cities, Phnom Penh, Siem Reap and Sihanoukville.
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Affordability of real estate in Cambodia
With the constant increase in property prices in recent years, the most common question posed by many property buyers is, are we at risk of a real estate bubble? Cambodia went through the experience of the real estate market crash in 2008. In order to prevent a bubble, all parties within the industry, including buyers […]
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