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ខ្មែរ Construction Focus
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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Schwing Concrete Pumps to Reach Greater Heights
- 15 January 2018
With the construction industry seeing dramatic growth around the globe, SCHWING Stetter is introducing innovative, advanced technology concrete construction equipment to solve concreting challenges. Incorporated in June 1998, and commencing manufacturing operations in 1999, SCHWING Stetter India, is a 100 percent subsidiary of the Schwing GMBH, Germany. SCHWING Stetter is a pioneer in manufa...
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Vietnam Running Out of Sand Amid Boom
- 15 January 2018
Vietnam is considering using artificial sand after the Institute of Transport Science and Technology warned the government it could run out of naturally occurring sand within five years. The report presented to the Ho Chi Minh City Department of Transport also noted that artificial sand could be made for up to 15 percent more cheaply than mining the natural variety, and that it makes better qua...
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Vietnam’s Tallest Building Wins Award
- 15 January 2018
A shimmering tower block which will be Vietnam’s tallest building when construction is completed in 2019 has won an international architecture award. Designed by London-based firm Atkins, the 460m Landmark 81 in Ho Chi Minh City, Vietnam won the “World’s Best Architecture” prize at the International Property Awards 2017 hosted in London in December. It also picked up “Best International Resi...
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China-Laos railway bores first tunnel
- 15 January 2018
The first tunnel on the 414km China-Laos rail link was bored in December, marking the first success of the USD5.8 billion project. The 301m Ban Somsanook No. 2 Tunnel presented a number of dangerous challenges given the mountainous terrain and geology but contractor, Sino Corporation Engineering Bureau 15 Co., successfully completed the first of many such projects on the route. Laos is an ex...
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