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ខ្មែរ Construction Focus
Aecom Overseeing Malaysia Rail Link
- 3 February 2018
US engineering firm Aecom has been selected by the China Communications Construction Company (CCCC) to supervise the construction sites on the USD13bn East Coast Rail Link (ECRL) project in Malaysia. In a press release, Aecom said it would be looking after all stations, viaducts, tunnels and depots on the project, which involves building an electrified standard-gauge line from Port Klang, in th...
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Usd6.7bn Upgrade Proposed for Philippines Airport
- 2 February 2018
A USD6.7 billion proposal to triple the capacity of Ninoy Aquino International Airport (NAIA) in the Philippines capital of Manila has been submitted by a local consortium to the Department of Transportation for consideration. The 70-year-old airport has far exceeded its original annual capacity of 30 million and last year saw over 42 million passengers transit. The new proposal has been sub...
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Oxley on Track With Usd2.5bn Myanmar Station Upgrade
- 2 February 2018
Yangon Central Railway Station area in Myanmar is set to be transformed into a modern transport hub in a USD2.5 billion renovation to be carried out by a consortium of A Singapore-listed Oxley Holdings, local firm Min Dhama Co Ltd and Beijing-based Sino Great Wall Co Ltd. Myanmar Railways selected the group to develop to develop the 25.7 hectare site located on the station originally built in t...
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Mlmupc Diary: November – December 2017
- 20 January 2018
(06 Nov) Monthly work reviewed Minister of Construction H.E. Chea Sophara presided over a meeting on monthly work progression for October, and set new objectives for November. In the official meeting, the Minister made an announcement to appoint officers and for them to make their commitment to achieve the collective goals for the ministry. (08 Nov) Affordable housing project kicks off ...
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Mitsubishi Invest in Hcmc Residential
- 15 January 2018
Mitsubishi Corporation (MC) recently announced that it had reached an agreement on its participation in a residential development project underway in Ho Chi Minh City (HCMC), Vietnam. The project is being developed by Phuc Khang Investment and Construction Corporation (PK), a real estate developer in Vietnam. MC is already engaged the real estate development business in two cities in Vietnam - ...
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Singha, Hong Kong Land Ink Jv
- 15 January 2018
Singha and Hong Kong Land have signed a deal to develop a luxury condominium project in Bangkok’s central business district.Singha Estate is the property development arm of Boon Rawd Brewery which produces the iconic beer. The USD61.3 million project is the second time the companies have come together in a real estate joint venture.The first project, The Esse Sukhumvit 36, is a high-rise condo pro...
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Hong Kong Apartment Sale Highest in Asia
- 15 January 2018
A luxury apartment in Hong Kong’s exclusive Peak district has sold for USD17, 000 per square foot making it Asia’s most expensive residential real estate by area. The unidentified buyer purchased two adjoining apartments for a total of USD220 million with the square footage record broken by the smaller of the two which sold for USD80 million. Hong Kong is currently experiencing a huge boom a...
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Sky Forest សម្រាប់គម្រោងអចលនទ្រព្យវៀតណាម
- 15 January 2018
Plans have been revealed for one of the most innovative real estate projects in Vietnam with an ultra-high rise tower development featuring a ‘sky forest’ at its top. The design for ‘Empire City’ by architect Büro Ole Scheeren is for a mixed-use development on the Saigon River in Ho Chi Minh City (HCMC) and if built will be the tallest building in Vietnam. The three-tower development will co...
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Asian Commercial Real Estate Growing as World Percentage
- 15 January 2018
A recent study by CBRE has shown a rise in Asian commercial real estate as a percentage of global supply, with Tokyo representing the world’s biggest single market. The Japanese capital tops the list with with a total value of investable real estate of USD711 billion, followed by New York (USD657 billion) and Los Angeles (USD482 billion). The US topped the nation’s list with its top cities perf...
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Thailand Strong Amid Drop in Asia-pacific Hotel Investment
- 15 January 2018
Investment in the hotel real estate market in Asia Pacific has fallen 22 percent in the first nine months of 2017 compared to the same period last year according to a report by real estate consultancy JLL. The group noted that the drop to USD5.3 billion in investments was largely due to a lack of assets on sale and a significant gap in pricing between buyers and sellers. JLL identified Hong ...
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