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ខ្មែរ Construction Focus
Phase-II Nirodh water treatment plant in operation
- 30 May 2017
The Phase II Nirodh water treatment plant commenced operations in April providing service to the outskirts and southern areas of Phnom Penh with a capacity of 560,000 cubic metres. Located in Phnom Penh’s Chbar Ampov district, the USD60 million water treatment plant has been co-funded by the public-run Phnom Penh Water Supply Authority-PPWSA (USDD4.9 million) with another USD36 million in loans...
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Thai Beer Tycoon Plans City District
- 30 May 2017
A USD3.5 billion plan to create a ‘city within a city’ in the Bangkok metropolis has been unveiled by Thailand’s richest man. Charoen Sirivadhanabhakdi, the billionaire founder of Chang Beer, has worked with star US architect firm Skidmore, Owings & Merrill to design ‘One Bangkok.’ The project will be Thailand’s first “fully integrated district that is built on people-centric principles and...
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Singapore Eases Rules
- 30 May 2017
Following more than three years of falling property values, Singapore has relaxed some rules now houses are more affordable. The easing of restrictive measures first introduced in 2009 includes sellers’ stamp duty only applying for three years instead of four, a lowering of the rate of duty to 4 percent for properties sold in the third year, to a maximum of 12 percent for dwellings sold within ...
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Propertyguru Moves Toward Profit
- 30 May 2017
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. Vietnam recently became PropertyGuru’s fifth market after Singapore, Malaysia, Thailand and Indonesia. “We have hyper-growth, our revenues are growing over 30 percent,” CEO Hari Krishnan, told Dea...
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Thai Property Awards launched
- 30 May 2017
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. The event follows the success of the recent 2nd Cambodia Property Awards in March. The organiser expects to receive more than 300 entries from developers with ongoing projects located i...
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China Building Collapse Claims Seven
- 29 May 2017
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 further nine. An inv...
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Malay-s’pore Rail Link Contracts Sealed
- 29 May 2017
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 Jurong East terminus. Meanwhile, ...
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Malaysian Builders Protest at Foreign Worker Ruling
- 29 May 2017
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 will extract a further USD447m from the industry, making it l...
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Compensation derailing Thai link
- 23 May 2017
A rail link between Thailand and Cambodia scheduled to open by mid-2017 could be delayed by the need to provide compensation to 50 families still living along the train track in Poipet town. The Poipet to Sa Kaeo in Thailand line cannot be completed until the families have been relocated from along a 1km section of track. Cambodian Prime Minister Hun Sen and his Thai counterpart Prayut Chan-...
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Vinci Invest in Indonesian Motorsport
- 23 May 2017
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, said the project woul...
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