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ខ្មែរ Construction Focus
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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6 Years Growth in a Row
- 25 July 2017
Bosch, a leading global supplier of technology and services, has been growing in Cambodia with double-digit growth for six consecutive years since the company incepted the businesses here in 2010. Bosch in Cambodia is part of the Bosch group and is currently represented in the country by Robert Bosch (Cambodia) Co, Ltd. Its current business fields in the kingdom consist of Automotive Aftermarke...
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China Pledges Usd122bn at Silk Road
- 25 July 2017
As world leaders gathered in Beijing for the Silk Road Summit in May, Chinese president Xi Jinping pledged USD122bn for infrastructure projects under the ‘One Belt, One Road” (OBOR) initiative.The Chinese strategy sees high-speed railways, bridges, roads, ports, industrial parks, oil pipelines and power grids now being built across the ancient Silk Road routes from Mongolia to Malaysia, Thailand t...
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False Concrete Tests Nab 21
- 25 July 2017
21 people have been arrested in Hong Kong for corruption after allegedly submitting false concrete strength tests on the 30km-long mega bridge being built to connect Hong Kong to Zhuhai and Macau. The 55km project involves a 29.7km bridge, artificial islands and a 6km+ section of underwater tunnel beneath one of the world’s busiest shipping channels. The first ever Pearl River Estuary road conn...
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Thailand Seeks Private Investment for Airports
- 25 July 2017
Thailand is seeking private investment to expand 28 regional airports and develop one new site in an effort to become the main aviation hub in Southeast Asia. The Department of Airports will draw up business plans for each of the 800 hectare sites to be published at the end of July. The public sector budget for refurbishment in 2018 has been set only at USD195m, with priority being given to ...
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Gold Star for Jcb as Machines Take a Bow in Cult Film
- 25 July 2017
A fleet of more than 20 JCB machines is playing a starring role in a cult film following the biggest product placement project in the company’s history, said a press release issued by JCB on 17 May, 2017. Skid steers loaders, Loadall telescopic handlers and JS excavators were supplied to 20th Century Fox for the making of the new Alien Covenant film that was released around the world in May 201...
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Chinese Mega-project Questioned
- 25 July 2017
A Chinese mega-development in Myanmar is under the spotlight for its impact on the environment.The USD10 billion Kyauk Pyu Special Economic Zone development on the Myanmar coast in the northwestern state of Rakhine includes a 770km pipeline which pumps oil across Myanmar to southwest China as part of the ‘One Belt, One Road’ (OBOR) initiative.The SEZ will eventually cover more than 17sq km and inc...
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World Infrastructure Leaders to Convene at Bentley Infrastructure Talk in Singapore
- 25 July 2017
Asia is recognised globally for its BIM advancements and innovation in infrastructure – providing the backdrop for the 2017 Be Inspired Awards Program. Hundreds of global infrastructure experts are expected to discuss various issues facing the infrastructure construction industry at the Year in Infrastructure 2017 Conference organised for the first time in Asia, in Singapore from October 10-12....
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