Indonesia Considering Moving Its Capital
The government of Indonesia is considering moving its capital Jakarta to the nearby island of Borneo due to concerns about overpopulation, urban gridlock and rapidly rising sea levels. The radical plan is focused on potentially establishing a new capital 900km away in Palangka Raya in Central Kalimantan province. A team from the Coordinating Ministry for Political, Legal, and Security Affair...
Read MoreCambodia Architect & Decor 2019
The platform to create networking and business opportunities between international stakeholders and local Cambodia architects, project developers, interior designers as well as traders and distributors, will return on 6 – 8 June 2019 at the Diamond Island Convention and Exhibition Center, Phnom Penh. Organisers, the Cambodian Society of Architects and ICVeX, retain the theme of “Design for bett...
Read MoreCompletion of Neang Kong Hing Walkway Delayed to End of 2018
The completion of Neang Kong Hing walkway has been delayed to the end of 2018 despite the initial plan to finish by last month, according to Phnom Penh Municipal Hall spokesman Met Measpheakdey. The progress of the walkway is now in stage 3 as another pedestrian bridge section was installed last night (May 19). The USD3 million walkway was ground broken about 7 months ago by Overseas Cambodi...
Read MoreFC Barcelona New York Academy Developers Visit Cambodia to Provide Us Immigration Opportunity
FC Barcelona New York developers, Prospect Sports Partners, delivered a keynote presentation to investors in Phnom Penh offering them the opportunity to immigrate to the United States under the US government’s EB-5 immigration program. FC Barcelona New York Academy Developers, Prospect Sports Partners, delivered a keynote presentation to investors in Phnom Penh offering them a chance to immigra...
Read MoreThailand Condominium Market Facing Glut With More Than 450,000 Units Unsold
Thailand’s condominium market is seeing a glut with more than 450,000 units going unsold across the country in 2018, according to business media outlet Bloomberg. On 16 May 2019, Bloomberg reported that around 65,000 new apartments were added to Bangkok alone in 2018 while 454,814 residential units across Thailand went unsold in the same period with a value worth around US$41 billion. “The o...
Read MoreExpansion of Sihanouk Airport to Be Complete in 2022
The expansion of the runway at Sihanouk International Airport is scheduled to be complete before the end of 2022 to handle the long-haul aircraft of world leaders who will attend the ASEAN Summit in Cambodia’s Preah Sihanoukville province. Mr Sin Chansereyvutha, spokesperson at the State Secretariat of Civil Aviation (SSCA), said that for handling landings of long-haul aircraft, the expansion o...
Read MoreValue-based Asset Development Management
By Michelangeloop The real estate industry is often defined as the process of buying and selling properties. In the 21st Century, real estate has grown into an industry that attracts professionals in fields including asset management, facilities management, and valuation and real estate. What are the differences between these roles? Asset Management: Jones (2008) defines asset management ...
Read MoreAeon Eyes More Grocery Stores in Cambodia
Photo by digjapan.travel Global retail player Aeon Group is looking to open more grocery stores across Cambodia after having been successful with its operation in the country, said the Council for the Development of Cambodia (CDC) earlier this month. In a press release of the recent meeting between representatives of Cambodia and Japan, H.E Sok Chenda Sophea, Minister attached to the Prime M...
Read MoreCBRE: Major Property Changes in Phnom Penh for Q1 2019
International real estate agent CBRE Cambodia on 09 April 2019 launched its Phnom Penh property market review report featuring changes within the office, residential, retail, and landed property sector. As the market now focuses more on the office sector, the reports highlight that over the three-month period, supply of centrally-owned offices increased by 9,180 square metres while supply of st...
Read MoreChina to Build Subway System in Metro Manila
Photo: Wikipedia China Civil Engineering Construction Corporation (CECC) has won the contract to build a US$3.7bn, 11Km subway system in Manila, capital of the Philippines. The deal between Philippine Infradey, the local company developing the subway in Metropolitan Manila, and CECC, a subsidiary of Chinese state-owned China Railway Construction Corporation was announced on the Philippines s...
Read MoreAluminium China Celebrates Its 15th Anniversary Bringing Out Its Largest Exhibition Area Ever
The year 2019 marks the 15th anniversary of Aluminium China. Building on the success of the past 14 editions, Aluminium China 2019 will keep focusing on raw materials, semi-finished and finished products, machinery and solutions for the complete industry chain in the fields of construction, building, automotive, transportation and consumer durables. As the leading aluminium exhibition in Asia, it ...
Read MoreA High-density and Urbanised Phnom Penh
Many new office, residential and mixed-used developments are being built in Phnom Penh and one thing is guaranteed with all this development - a higher density urban centre for the city. For the city planners in Phnom Penh, attention needs to be given to the quality of infrastructure, and plans need to be made and implemented to ensure that there is a balance between the ever-increasing density...
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