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ខ្មែរ Construction Focus
Us Firm Wins Malaysia Mass Transit Contract
- 11 September 2017
A US firm has won a lucrative contract on the Klang Valley Mass Rapid Transit (KVMRT) Sungai Buloh-Serdang-Putrajaya (SSP) Line in Malaysia. Jacobs Engineering will provide design consultancy for all the track-work and associated infrastructure, and use building information modeling (BIM) throughout the construction process. The Dallas company has been targeting transport infrastructure proj...
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Cambodia Announces Eight Expressways
- 7 September 2017
To ease traffic and boost the nation’s economic growth, Cambodia has announced the construction of eight expressways connecting the capital Phnom Penh to various destinations. Unlike the national roads, expressways are specially designed for high-speed and long distances. Entrances and exits are limited to interchanges and there are no stop signals. They have four or more lanes with a media...
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Rinnai Showcases Hot Water Solutions to Siem Reap Market
- 10 August 2017
Having dominated the Phnom Penh market for hot water solutions, Rinnai is now being introduced to dozens of commercial businesses in the Siem Reap market. The products are made available in Cambodia through an exclusive dealership by Camcona Trading Cambodia Co., Ltd. With almost five years background in Cambodia, this Japanese water heater solutions brand is now expanding to Siem Reap. ...
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Japanese Go Ultra-luxury in Phuket
- 28 July 2017
A leading Japanese property developer has entered into a joint venture to create an ultra-luxury residential project in Phuket, Thailand worth an estimated USD174 million. Kajima Overseas Asia has joined with Minor International (MINT), a SET-listed operator of hotels and restaurants worldwide to develop Avadina Hills; 16 luxury villas spread over 1.8 hectares. Phase 1 will see 11 villas built ...
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Philippines Bans Workers to Qatar
- 27 July 2017
The Philippines has banned workers from travelling to Qatar after four neighbouring Gulf States imposed a blockade on the tiny emirate in protest at alleged links to terrorist funding at the start of June. There are over 140,000 documented Filipino workers reside in Qatar, with many working on huge construction and infrastructure projects related to the 2022 FIFA World Cup. The government of...
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Banda Malaysia Facing Collapse
- 27 July 2017
The largest real estate project in Malaysia faces collapse after the government cancelled the contract with the Chinese-Malaysian developer in May after it failed to meet payments. Banda Malaysia was intended to be a flagship development creating a new business district and transport hub in downtown Kuala Lumpur spread across almost 200 hectares. It was also intended to be location of the st...
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Incomplete Projects Hamper Vietnam
- 27 July 2017
Despite Vietnam’s real estate market grabbing attention and headlines for its strong performance in recent years, prospects in the north continue to be hampered by large numbers of incomplete projects. Hanoi recorded 5,400 transactions and HCMC 5,870 respectively between January and May 2017 with May showing a strong average of 13 percent growth nationwide. The majority of deals are being tr...
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Thai Realty Market Rebounding
- 27 July 2017
The condominium market in Bangkok has experienced a slight upturn in Q1 2017 thanks to growing demand and a slowing in new projects coming online. Pre-sales of new projects in Q1 2017 was solid at 67 percent, a 3 percent increase over the same period in 2016. Both completion dates and sales slowed following the death of the Thai king in 2016. The average selling price for new CBD condominium...
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Rentals Driving Yangon Market
- 27 July 2017
With a vibrant rental sector driving the Yangon market, Myanmar real estate experts believe this trend could catalyse investment into residential developments and construction of new units. Rental fees in Yangon offer much higher returns on investment than any neighbouring countries such as Thailand and Vietnam. This offers great opportunities for local and international investors, who can now ...
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Hong Kong Market Hits Record Highs
- 27 July 2017
Residential property values in Hong Kong are now 75.9 percent higher than they were 20 years ago when the city was handed over to Chinese rule according to JLL’s Land and Residential Market Review. Investment from People’s Republic of China (PRC) continues to drive prices skyward in what is already the world’s most expensive city. The share of residential sites awarded to PRC develope...
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