International News
Indonesia Announces Multi-Billion Dollar PPP Infrastructure Investment
The Indonesian government has announced the commencement of seven major infrastructure public-private projects (PPP) worth US$5.4 billion to help the nation attract more fresh private investment in early 2021. Eko “Heri” Djoeli Heripoerwanto, director-general of infrastructure financing at PUPR said in a press conference that, “In 2021, we will start the procurement process for six […]
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Real Estate Association Pushes for Stimulus in Indonesia
A leading Indonesian industry association is pressuring the government to provide increased stimulus to the real estate sector in the face of the COVID-19 pandemic, arguing that the current plans do not go far enough. According to The Jakarta Post on 06 October, Real Estate Indonesia (REI) has requested the government to offer additional stimulus, […]
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Vietnam Embraces Digital Platforms in Response to COVID-19
Developers and realtors in Vietnam have been increasingly embracing digital platforms to drive sales and communicate with investors in response to the impact of COVID-19. Bolstered by the government’s strong push for the development of smart technology, which it has also pioneered within the ASEAN framework, Vietnam has seen a flurry of new digital tech […]
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Plan floated for Island Mosaic in Penang, Malaysia
A team of Danish and Malaysian architects and engineers has won a competition to design a masterplan for a 1,800-hectare artificial island development on Penang in the Malaccan strait in Malaysia. The BiodiverCity project will feature villages for 16,000 residents along 25km of waterfront, 4.6km of public beaches and 240ha of parks. Homes will be […]
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Thailand Leads ASEAN Smart Cities Initiative
At the ASEAN 2019 Summit prior to the emergence of the COVID-19 pandemic, member nations discussed harnessing technology to achieve sustainable security and development and boost connectivity and cooperation. At the summit, Thailand presented the Eastern Economic Corridor (EEC) initiative with its 4.0 economic blueprint aiming to convert three provinces into smart cities and ultimately […]
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Indonesia’s New Capital On Hold Due To COVID-19 Impact
Photo by: Get About Asia Indonesia’s multi-billion dollar plan to develop a new capital city on the island of Borneo have been formally put on hold as a result of the economic impact of COVID-19. Indonesia’s Minister for National Development Planning, Suharso Monoarfa, told Reuters on 19 August that “We putting as our number one […]
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LED Expo Thailand Goes Fully Virtual, Online Show to be held from 18-20 November
With the safety of stakeholders in mind, MEX Exhibitions Pvt. Ltd. and IMPACT Exhibition Management – the organisers of LED Expo Thailand + Light ASEAN 2020 – have decided to go completely virtual for 2020 edition, which will take place from 18-20 November this year. Meanwhile, the physical edition to the show has been postponed […]
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Singapore residential sales fall 14% due to COVID-19
Singapore-based property consultant EDMUND TIE & Company has reported that private home prices in Singapore fell by 1% quarter-on-quarter (q-o-q) in Q1 2020, according to their URA All Residential Property Price Index. The Non-Landed Property Price Index (PPI) and the Landed Property Price Index also registered q-o-q declines of 1% and 0.9% in Q1 2020 […]
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ASEAN real estate businesses seek solutions for growth post-COVID-19
Over 80% of businesses across the Asia Pacific are seeking solutions to restructuring their real estate portfolios as the COVID-19 lockdown begins to ease amid a ‘new normal’ across the region, according to a survey by JLL. Many are searching for alternative solutions to keeping their business operations including implementing modifications to their offices. The […]
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Vietnam begins construction on VinWonders Phu Quoc giant theme park
Vietnam’s Vinpearl Joint Stock Company officially announced on 01 June a US$1 billion investment for the country’s largest amusement park, the VinWonders Phu Quoc project, on Phu Quoc island situated about 50 kilometres from the southwestern province of Hien Tien. Set on 27 hectares, VinWonders Phu Quoc has won a record as the largest park […]
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