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ខ្មែរ Construction Focus
Home Ownership a Priority in Southeast Asia
- 13 November 2017
A Regional Consumer Sentiment Survey by online property group PropertyGuru has shown that owning a home remains a high priority for citizens of major Southeast Asian nations. The September survey reflected the strong desire by consumers in Singapore, Malaysia, Indonesia and Thailand to purchase residential property with 50 percent of recipients intending to buy within the next six months. In...
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Koh Mak Beachfront on Offer
- 13 November 2017
A slice of untouched beachfront on Koh Mak island in Gulf of Thailand near the Cambodian border has been put on the market as part of plans to attract more development to the slice of paradise. Just 16 square kilomeres in size, Koh Mak is surrounded by 50 other secluded islands in a radius of just 20km. Award-winning villa developer Siam Royal View Group (SRV) has announced plans to sell 430...
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Hcmc Ghost Tower Repossessed
- 13 November 2017
A notorious uncompleted tower project in Ho Chi Minh City, Vietnam has been repossessed by creditors amid claims that over USD300 million in debt has been accrued by investors. The Saigon One Tower in the city’s District One area has stood empty since 2011 following a local property market crash. Construction on the “Ghost Tower” as it has become known began in 2007 and work on the 195m, 41-sto...
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Myanmar Condo Rentals Take Fall to Houses
- 13 November 2017
Rentals of condominiums to foreign tenants have taken a fall in the first half of 2017 as the market becomes saturated and the renters increasingly seek detached houses. Condo rental transactions have fallen by ten percent in 2017 according to a report in the Myanmar Times. Demand for rentals from foreigners and families is shifting to detached homes which can usually rent for between USD3,000 ...
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Inovar Floor – Longer Life, Lasting Impressions
- 3 November 2017
Inovar (Cambodia) Pte Ltd has been operating in Phnom Penh since March 2014. Being a direct factory outlet, it supplies quality laminate flooring straight from its factory in Malaysia providing a solid manufacturer’s warranty. Our parent company in Malaysia was established in 1996. Inovar Floor is the pioneer in laminate flooring industry in Asia and its production facilities are equipped w...
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Bentley’s Aecosim Building Designer Connect Edition Surmounts the Challenges of Bim Scalability for Major Projects
- 2 November 2017
September 2017: Bentley Systems, Incorporated, a leading global provider of comprehensive software solutions for advancing infrastructure, announced the availability of AECOsim Building Designer CONNECT Edition, Bentley’s building information modelling (BIM) application designed for building projects of significant size and/or engineering complexity, and which are typically characterised by the ch...
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One Belt One Road Investments Under Scrutiny
- 2 November 2017
China’s recent crackdown on capital outflows simultaneously prioritised One Belt One Road initiatives which has resulted in rapid overseas investments and acquisitions, and these are now coming under greater scrutiny by authorities. In August, in response to these fresh outflows and looser restrictions, China’s National Development and Reform Commission (NDRC) announced that it would be impleme...
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World’s Largest Expo Trade Centre for Thailand
- 2 November 2017
A Thai-Chinese joint venture has announced plans to build the world’s largest expo trade centre on the Gulf of Thailand coast, east of the capital Bangkok. Thai company Best Group and Shenzhen property company Hydoo International are investing USD3bn to build the 2.5 square kilometre Trust City World Exhibition and Trade Centre. When complete in 2020, the facility will host more than 20,000 who...
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China Building 30% of World’s Infrastructure
- 2 November 2017
A new report from Timetric’s Infrastructure Intelligence Center (IIC) shows that projects around the world with Chinese contractor involvement make up 16 percent of the global total by project number. However, the size of China-sponsored projects translates to 31 percent of the total global infrastructure project value, which is USD17.1 trillion as of 2017. The report says Chinese contractors a...
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Vingroup Starts Work on Car Factory
- 2 November 2017
Vietnam: Vingroup, Vietnam’s largest property developer announced that it had started construction on an enormous car factory in the north of the country in September. The first phase of construction on the 335-hectare site is worth USD1 - 1.5 billion and is part of an overall push by the company to expand into the heavy industry sector in Vietnam. The company borrowed USD800 million from Credi...
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