International News
World’s 5th Tallest Building Opens in Seoul
Construction on the world’s fifth tallest building and the tallest in South Korea has finished with the Lotte World Tower in Seoul now standing 555m high
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Thai Beer Tycoon Plans City District
A USD3.5 billion plan to create a ‘city within a city’ in the Bangkok metropolis has been unveiled by Thailand’s richest man.
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Singapore Eases Rules
Following more than three years of falling property values, Singapore has relaxed some rules now houses are more affordable.
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Propertyguru Moves Toward Profit
Southeast Asia’s leading real estate website, PropertyGuru, expects to surge into profitability in 2017 as it experiences massive growth in ASEAN property markets, especially in Vietnam and Indonesia.
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Thai Property Awards launched
The annual PropertyGuru Thailand Property Awards, which seeks to reward the finest developers, properties and real estate personalities across the Kingdom, will return for its 12th annual edition this September.
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China Building Collapse Claims Seven
The simultaneous collapse of four residential buildings in eastern China claimed at least seven lives in February. According to news agency Xinhua, the five-storey buildings collapsed early in the morning of 2 February in Dahui village, Baizhangji township, Wenzhou, an industrial city in eastern China’s Zhejiang Province. The collapse reportedly killed seven and buried a […]
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Malay-s’pore Rail Link Contracts Sealed
Malaysia and Singapore have announced the winners of key contracts for the showcase Kuala Lumpur – Singapore high speed rail link. US engineering giant Aecom will provide engineering consultancy services such as advanced engineering studies as well as architecture, civil engineering and M&E services to the Singapore end of the line, including for the iconic […]
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Malaysian Builders Protest at Foreign Worker Ruling
A new initiative by the Malaysian government for construction firms to pay an increased levy for every foreign worker has resulted in protests from the industry. As of 1 January 2017, construction companies were required to pay a fee of USD413 per worker, up from USD213. Employers of the estimated 900,000 foreign workers believe this […]
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Vinci Invest in Indonesian Motorsport
Vinci Construction is to build a 120-hectare motorbike racing circuit and tourist complex on the Indonesian island of Lombok. The French company signed a USD500 million deal with the state-run Indonesia Tourism Development Corporation (ITDC), in the presence of French President Francois Hollande and President Joko Widodo of Indonesia. Abdulbar Mansoer, the head of ITDC, […]
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Malaysia Unveils Rail Route
The proposed route of the 600km East Coast Rail Link (ECRL) has been unveiled by the Malaysian government to allow a three-month window of feedback from the population. The USD13 billion Chinese-financed project is planned to start in the west near the capital Kuala Lumpur cutting across the peninsula and terminating near the Thai border […]
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