English 
ខ្មែរ 
Luxury High-Rises for Yangon Riverside
- 1 October 2016
The Yangon skyline is set for a big change following the announcement of luxury high-rise riverfront development projects in one of city’s most impoverished areas. The largest is Riverfront Garden, a China-Myanmar joint venture which will develop 13 luxury condominium high-rises along the Hlaing River. Nearby Hlaing Tharyar is the largest township in Yangon and is famous for being the largest s...
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Mitsubishi Invests in Huge Hanoi Suburb
- 1 October 2016
Mitsubishi is partnering with Vietnamese real estate group Bitexco to develop part of the new USD1.9bn Manor Centre Park suburb in Hanoi. Mitsubishi will have a 45 percent holding in the joint venture to develop 8,700 units on 190 hectares located 8km outside the capital. Manor Park Centre will provide housing, retail and office buildings and a park and sports centre for Vietnam’s rapidly gr...
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Bangkok’s Tallest Tower Complete
- 30 September 2016
Residents will soon start moving in to the completed 77-storey MahaNakhon Tower which is now Bangkok’s tallest building. The iconic property development will feature 209 Ritz-Carlton Residences, as well as a five-star Edition Hotel by Marriott International, boutique shops and several restaurants. Conceived by Pace Development, the MahaNakhon Tower sets new standards in superluxury in Bangko...
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New China ASEAN Construction Club Born
- 30 August 2016
To strengthen partnerships between the building industries in China and ASEAN, the China-ASEAN Construction Industry Cooperation Committee was established in May. The committee is the fourth building industry group spanning the two regions to promote business relations between Chinese construction-related firms and their ASEAN counterparts. It follows the China-ASEAN Building Materials Cooperat...
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Foreign Ownership Practices Tightened
- 27 August 2016
The Ministry of Land Management, Urban Planning and Construction has instructed all districts in Phnom Penh to halt the provision of soft title ownership documents in co-owned buildings in foreigners’ names. The 2010 Foreign Ownership Law makes it clear that only condominiums can be owned by foreigners and that properties in co-owned buildings (like apartments) require ownership through a nomin...
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ACF Approves Myanmar Membership
- 27 August 2016
After two years of protracted negotiation, the ASEAN Contractors Federation (ACF) has finally admitted Myanmar as a member of the regional association at its 41st council meeting. Convened at Bangkok, Thailand on 3 June, 2016, the assembly admitted the Myanmar Construction Entrepreneurs Association (MCEA), representing the building industry of Myanmar as its eighth member. The MCEA was estab...
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Minister Chea Sophara Endorses CCA Activities
- 27 August 2016
Three months after being appointed as the Minister of Land Management Urban Planning and Construction (MLMUPC), H.E. Senior Minister Chea Sophara has endorsed his activities organised by the Cambodia Constructors Association (CCA). In a meeting on 23 June to express support for his appointment, H.E. Chea Sophara endorsed the actions and activities organised by the CCA to develop Cambodia’s cons...
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Safety Training Centre Initiated
- 27 August 2016
Amid the current building boom, thousands of construction workers in Cambodia risk their lives for a daily fee of less than USD10. To tackle this issue, an initiative to establish the first construction safety training centre is underway and hoping to start training workers soon. After witnessing the lack of professional certified safety training in Cambodia, Stephen Bradley, managing director ...
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Cooling Vietnam’s Hot Property Market
- 27 August 2016
Having experienced surging growth amid stagnation in other ASEAN markets, Vietnam’s property sector has had cooling measures imposed by a government nervous of the market overheating. The State Bank of Vietnam announced that from 1 January 2017, commercial institutions will be allowed to use no more than 40 percent of short-term funds for mortgages and other real estate lending. Credit exposure...
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Asia Pacific Commercial Investment Tumbles
- 27 August 2016
Total commercial property investment turnover in Asia Pacific tumbled by 36 percent in Q1 2016 according to a CBRE report. CBRE’s Q1 2016 Market view blamed the decline on a weaker economic environment, stock market volatility and risk-averse investors, although it did note that Asian investors remain confident. Chinese investors in particular have remained active, especially in Hong Kong wh...
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Japanese Investors Lead in Vietnam
- 27 August 2016
A stable economy, robust real estate market and a dynamic, savings-focused young population are attracting significant numbers of Japanese property investors to Vietnam. Japanese firms Sanyo Homes, Creed Group, Hankyu Realty Co Ltd, and Nishi-Nippon Railroad Co have all entered partnerships with Vietnamese companies this year to invest in mixed-use and residential property developments in the s...
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ASEAN Resorts Look to the Skies
- 27 August 2016
Airport upgrades and new constructions are taking place across ASEAN’s top resort areas to increase tourist numbers and drive their real estate markets. According to Property Report, this trend aims to bring a number of positive local and regional benefits. Greater access and awareness through better connectivity serves as a catalyst for local investment and employment in improved tourist infra...
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