Vietnam Property Attracts Foreign Investors

Vietnam’s tiger economy status in the real estate sector continued to gain strength in the first half of 2017 by attracting high levels of foreign direct investment (FDI). Statistics released by the Vietnam Ministry of Planning and Environment showed that FDI in property totalled USD700 million in 618 projects which made it the firth most popular investment sector. 39 new projects were approved...

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Sc Capital Establish Usd1bn Reality Fund

SC Capital Partners has launched a USD1 billion real estate fund to further expand its property portfolio in Asia Pacific and Southeast Asia. The Singapore-based private equity firm has established Real Estate Capital Asia Partners V (RECAP V) as the fifth such vehicle to manage its investments. The fourth RECAP successfully invested USD850 million in regional real estate after closing in 2014,...

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Green Light For Myanmar Development

The Myanmar government has given the green light for a huge mixed-use development in Bago Region between Yangon and Mandalay. The USD184 million project being developed by Hantharwady Development Public Company will feature housing and an industrial park set on different sites. The residential area will be developed over 100 hectares with the industrial park spread over more than 900 hectares. ...

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Asia Drives Inter-regional Property Investment

Asian investors are increasingly driving global inter-regional commercial property investment as they look to western markets for deals. According to a report by property analysts JLL, Asian investors now represent five of the 10 biggest cross-border spenders. Inter-regional investment reached USD19.5 billion in Q2 2017, up 71 percent from the same period in 2016. China, Hong Kong, Singapore...

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ACF hosts ASEAN’S construction Industry perspective meeting

Driven by the impetus of the region’s construction industry, the ASEAN Constructors Federation (ACF) launched a special meeting on the theme of “The Development of the ASEAN Construction Industry in the Previous Decades and its Future.” The Thai Constructors Association (TCA) and ACF jointly organised the conference on 4 August 2017 in Bangkok, Thailand. Over 50 high-level delegates from si...

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UPG Organises first PIPE art Contest

Audiences were amazed to witness the various artistic masterpieces designed by talented young Cambodians using just pipes in the nation’s first pipe art contest initiated by UPG Pipe, one of Cambodia’s leading pipe producers and suppliers. Initiated by the company’s Eagle pipe brand, the EAGLE Pipe Art Contest is the first of its kind. The challenge called for the submission of creative pip...

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Talks to insure construction workers continue

Issues surrounding insuring construction workers were discussed between the Cambodia Constructors Association (CCA) and a high-level research delegation comprised of India-based Deft Advisory and Research Private Limited (DEFT), the International Labour Organization (ILO) and the Cambodian government-backed National Social Security Fund (NSSF). The discussion on the topic of construction labour...

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Prominent Cambodian Architect Dies at 91

Vann Molyvann, Cambodia’s best known architect and the shaping influence behind the New Architecture movement has passed away aged 91. The nation’s design master died on 28 September, 2017 in Siem Reap province where he had made his home for the last three years. Born in 1926 in Kampot province, Vann Molyvann has long been considered the most prolific architect in Cambodia. Having had successfu...

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Cambodia’s Dilapidated Infrastructure is Big Business

Cambodia’s under-developed infrastructure is a major hurdle that has deterred many investors and businesses. However, one particular Cambodia-Chinese joint venture sees the dilapidation as a golden opportunity. Cambodia-based WorldBridge Land (Cambodia) Co., Ltd. and Sino Great Wall International Engineering Co., Ltd (SGW) from China have inked a joint venture agreement with a vision to tra...

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Mumupc Diary : July – August 2017

222 ethnic families receive land titles (03 July) About 222 Kreung ethnic families from four communities living in Ou Chum district, Ratanakiri province were granted a total 39 land titles with a combined land size of over 3.3 hectares. So far, MLMUPC is registering land ownership for minority families in four provinces including Mondolkiri, Ratanakiri, Kratie and Steung Treng. The ministry rec...

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Embracing a Digital Future : Realising Construction’s Potential

The construction industry has reached a fascinating turning point, leaving room for vast changes that can greatly improve the state of site operations as we know it. The change I am talking about is a technological shift in construction processes that will ultimately save time and boost productivity. While other industries have been embracing digitisation for decades, construction is compar...

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Lighthouse Club Phnom Penh

The Lighthouse Club was established to promote good fellowship among its members who work in or are associated with the construction industry. It also provides charitable assistance to those in need within the industry and to their dependents where a fatality or serious injury has occurred. From its roots in the UK in 1956, the Lighthouse Club now has branches all over the Asia Pacific Regi...

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