Japan Plans to Build 10k Homes for Digital Nomads as Statistics Reach 1bn by 2035
In a groundbreaking initiative, Mitsubishi Estate has announced its vision to provide accommodation for the growing wave of digital nomads in Japan, aiming to operate 10,000 rental homes by 2030. The real estate giant has recently entered into a licensing agreement with the U.S.-based peer, Blueground Holdings, renowned for its specialised housing services, marking the […]
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Bentley Systems Wins Three Top Honors at the 2023 Construction Computing Awards
Bentley Systems, Incorporated the infrastructure engineering software company, today announced that it won in three categories at the 2023 Construction Computing Awards. Based on readers’ selections in an online poll, a panel of industry-expert judges made the final decisions. The judges chose Bentley’s ProjectWise as “Collaboration Product of the Year 2023.” As Bentley’s flagship application […]
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CDC Invites Chinese Companies to Invest in Designated 1k Hectare of Land Near New Siem Reap Airport
A senior official of the Council for the Development of Cambodia (CDC) is paving the way for Chinese investment giant Yunnan Construction Group to establish a special economic zone near the cutting-edge Siem Reap Angkor International Airport. This strategic initiative, anticipated to unfold in 2024, holds the promise of catalysing investments and fostering cross-border economic […]
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Bentley Creates Virtual Singapore in 3D as a Revolutionary Model of Global Urban Design
Bentley Systems has pioneered a groundbreaking virtual application that leverages real-time data to project a 3D map of Singapore, revolutionising the way urban planning is approached. This innovative platform, known as Virtual Singapore, offers a dynamic 3D digital replica of the city-state, built on topographical and real-time, dynamic data. It serves as the authoritative platform […]
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China Spearheads Global 5G with 2.84m Base Stations, Zhejiang Alone has Over 220,000
In a remarkable stride towards technological advancement, Zhejiang province, renowned as an e-commerce hub in East China, has proudly announced the establishment of an extensive network comprising more than 220,000 5G base stations. This revelation was made by Li Min, Deputy Director of the Provincial Economy and Information Technology Department, during the 2023 Yangtze River […]
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China Unveils Strategic High-Speed Railway Link to Vietnam, Boosting ASEAN Trade Ties
In a significant move to deepen economic ties with Southeast Asian nations, China has inaugurated the Fangdong Railway, the first high-speed railway connecting a Chinese city on the Vietnam border to the national network. The 47km Fangdong Railway, running between Fangchenggang and Dongxing, emerges as a pivotal infrastructure project, symbolising Beijing’s commitment to fostering trade […]
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Economists Project China’s Economic Landscape in 2024 to Fall to 4.6%
As China’s economic trajectory undergoes shifts, economists anticipate a moderated growth of 4.6% in 2024, following an anticipated 5.2% expansion this year. This projection comes against the backdrop of a sluggish real estate market and tepid consumption. With 23 experts expecting this year’s growth to align closely with Beijing’s target of approximately 5%. According to […]
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Gov’t Unveils Ambitious 12 Million m3 Reservoir Project to Propel Northeastern Economic Growth
In a strategic move to bolster economic development in Cambodia’s northeastern region, the Ministry of Water Resources and Meteorology, in collaboration with the Ministry of Economy and Finance, has successfully implemented the construction of the “Upper Dam, Lower Dam, and O’Te Reservoir”. This monumental project is set to supply a staggering 12 million cubic metres […]
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Gov’t Allocates 6 Hectares of Land in South Phnom Penh to Two Tycoons for Visionary Development
The Cambodian government has granted an expansive parcel of land, spanning nearly 6 hectares, in the burgeoning south of Phnom Penh to two distinguished tycoons. Sub-Decree No. 262, issued on August 15, 2023, paves the way for a visionary development that promises to redefine luxury living and contribute to the city’s urban evolution. The designated […]
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Pinnacle of Progress: J Tower 3 Project Breaks Ground in Phnom Penh as ASEAN’s 8th Tallest Marvel
A new icon graces the skyline of Phnom Penh as the J Tower 3 project, the eighth tallest marvel in ASEAN, commenced construction with a groundbreaking ceremony on 27 December 2023. This towering project, valued at over US$150 million, will stand at an impressive 320 metres, encompassing 77 floors, two basements, and a total of […]
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US$22m Cambodia-Japan Water Treatment Plant Unveiled in Pursat
The Cambodia-Japan water treatment plant in Pursat, valued at an impressive US$22 million, was inaugurated, marking a significant leap forward in the region’s water infrastructure. The official opening ceremony, held on December 28, 2023, was graced by the presence of HE Hem Vandy, Minister of Industry, Science, Technology, and Innovation, and HE Ueno Atsushi, Ambassador […]
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CBRE’s Head of Research Hints Real Estate Market Recovery Time
Investment caution is rippling through the Asia-Pacific real estate market, from Singapore to South Korea, as investors tread carefully amidst concerns over rising interest rates and geopolitical instability. Market data from JLL, a leading commercial real estate and investment management company, reveals a 22% year-on-year decline in commercial real estate investment activity in the Asia-Pacific […]
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