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International News
Philippines to Ease Foreign Ownership
Foreign ownership rules in the construction sector are set to be relaxed in the Philippines after the government announced it is changing its constitution to increase limits in a number of sectors. Philippines Finance Secretary Carlos Dominguez made the announcement at a forum for Japanese investors in Tokyo in October, telling them that the government is also reviewing its Foreign Investment N...
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Singapore Tower Sold for Usd1.5bn
A transaction between two of the largest players in Asian real estate has seen Asia Square Tower 2 has been sold in Singapore for around USD1.5 billion, the second largest sale of an office building ever in the city-state. CapitaLand Commercial Trust agreed to buy Asia Square Tower 2 BlackRock Inc.’s from Blackrock in a deal which was funded by a rights issue of about USD513 million and bank bo...
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Asia Square 2 in Capitaland’s Sights
CapitaLand, Singapore’s leading real estate developer and fund manager, is negotiating to purchase Asia Square 2 according to media reports. Located in the ultra-exclusive and prime Marina Bay district in Singapore, the BlackRock-owned 46-storey Grade-A commercial building is estimated to be valued at more than USD1, 900 per square foot. In June 2016, Asia Square Tower 1 was sold to the Qata...
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Solarhome Targets Myanmar
A Singapore-based company providing solar energy solutions for rural households not connected to electricity grids is looking to Myanmar as its next target market. SolarHome, which currently has operations in Cambodia, Indonesia and the Philippines, already has a presence in Myanmar but is hoping to invest up to USD25 million over the next five years, starting with an initial USD1.5 million in ...
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Hcmc Luxury Market Booming
The luxury condominium market is booming in Ho Chi Minh City, as Vietnam’s largest city continues its drive as the powerhouse of the ASEAN real estate sector. A recent CBRE report described the market as ‘upbeat’ with 43, 861 condo units coming online in 2017, with 1,627 of them in the luxury sector. This follows a strong 2016 when 37, 419 units were launched. Though the total of 35,008 unit...
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Myanmar Real Estate Stabilising
Myanmar’s real estate sector is stabilising after heated growth and industry experts believe the market will now become stronger.After the lifting of sanctions and the subsequent influx of international investment earlier in the decade, wild real estate speculation resulted in an overheated market.A 2016 government moratorium on permits for buildings over 9 storeys effectively cooled the market an...
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Singapore Masterminds New District
Planning for an exclusive new district in Singapore is being led by Dutch company KCAP Architects & Planners according to the Singapore Urban Redevelopment Authority (URA). A mixed-use masterplan is being developed for the “Lakeside Gateway” area in Jurong Lake District, linked to the new terminal of the Kuala Lumpur high-speed line. The plan focuses on creating a “district of the future...
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Capitaland Goes Grade a in Vietnam
CapitaLand, one of Singapore’s leading property developers, has purchased a site to build its first international Grade A office tower in Ho Chi Minh, Vietnam. CapitaLand Vietnam has acquired a 0.6-hectare site in District 1 to construct 1 240 metre high premium office facility and will utilise USD500 million fund it has dedicated to the Vietnam market. “The acquisition and development of ou...
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ពានរង្វាន់អចលនទ្រព្យម៉ាឡេស៊ីកំពុងបន្តទៅមុខ
ការតែងតាំងបេក្ខភាពសម្រាប់ពានរង្វាន់អចលនទ្រព្យអាស៊ីប្រចាំឆ្នាំលើកទីបួន (ម៉ាឡេស៊ី) បានបើកទទួលអ្នកចូលរួម ដោយអ្នករៀបចំកម្មវិធីរំពឹងថានឹងទទួលបានជោគជ័យ យ៉ាងអស្ចារ្យលើសកម្មវិធីឆ្នាំមុន។ ពានរង្វាន់អចលនទ្រព្យអាស៊ី (ម៉ាឡេស៊ី) បានផ្តល់ពានរង្វាន់អ្នកអភិវឌ្ឍន៍ និងគម្រោងអចលនទ្រព្យល្អបំផុតសម្រាប់ប្រទេសដែលមានទីតាំងស្ថិតនៅក្នុងទីផ្សារអចលនទ្រព្យដែលបានបង្កើតឡើង និងកំពុងរីកចម្រើននៅទីក្រុងកូឡាឡាំពួរ ទីក្រុងប៉េណាំង ...
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Bechtel show interest in Long Thanh airport
Following the approval by the Vietnam National Assembly for construction of a huge new USD16 billion airport in Long Thanh outside Ho Chi Minh City in 2015, leading US engineering firm Bechtel visited Vietnam in December to gain more information about the plan. The visit sparked speculation that Bechtel is considering taking an equity stake in the project, as well as acting as its project manag...
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