World’s 5th Tallest Building Opens in Seoul

Construction on the world’s fifth tallest building and the tallest in South Korea has finished with the Lotte World Tower in Seoul now standing 555m high. Designed by US architect Kohn Pedersen Fox (KPF), the stunning skyscraper has pushed Kuala Lumpur’s 452m Petronas Twin Towers out of the top 10. The Lotte World Tower will boast a seven-star hotel, the world’s highest swimming pool, the wo...

Read More

ASEAN constructors finalize worker standards

After years of effort, the ASEAN Constructors Federatton (ACF) has finalised the draft on ASEAN Construction Standard Trade Skills Training (ACSTST) which aims to apply a unified standard to skilled building workers in the region. The ACF’s technical working group met on 24-25 February 2017 in Kuala Lumpur, Malaysia and was attend by the eight ASEAN member countries with the exception of Laos a...

Read More

CCA-backed building expo aims for over 300 booths

Having successfully hosted the Cambodia Construction Industry Expo for the last three consecutive years, the organiser expects to attract over 300 booths at the 2017 event, showcasing hundreds of construction and property products and services from around the globe. The Cambodia Construction Industry Expo is the nation’s flagship building and property expo which has been hosted annually sin...

Read More

Phase-II Nirodh water treatment plant in operation

The Phase II Nirodh water treatment plant commenced operations in April providing service to the outskirts and southern areas of Phnom Penh with a capacity of 560,000 cubic metres. Located in Phnom Penh’s Chbar Ampov district, the USD60 million water treatment plant has been co-funded by the public-run Phnom Penh Water Supply Authority-PPWSA (USDD4.9 million) with another USD36 million in loans...

Read More

Thai Beer Tycoon Plans City District

A USD3.5 billion plan to create a ‘city within a city’ in the Bangkok metropolis has been unveiled by Thailand’s richest man. Charoen Sirivadhanabhakdi, the billionaire founder of Chang Beer, has worked with star US architect firm Skidmore, Owings & Merrill to design ‘One Bangkok.’ The project will be Thailand’s first “fully integrated district that is built on people-centric principles and...

Read More

Singapore Eases Rules

Following more than three years of falling property values, Singapore has relaxed some rules now houses are more affordable. The easing of restrictive measures first introduced in 2009 includes sellers’ stamp duty only applying for three years instead of four, a lowering of the rate of duty to 4 percent for properties sold in the third year, to a maximum of 12 percent for dwellings sold within ...

Read More

Propertyguru Moves Toward Profit

Southeast Asia’s leading real estate website, PropertyGuru, expects to surge into profitability in 2017 as it experiences massive growth in ASEAN property markets, especially in Vietnam and Indonesia. Vietnam recently became PropertyGuru’s fifth market after Singapore, Malaysia, Thailand and Indonesia. “We have hyper-growth, our revenues are growing over 30 percent,” CEO Hari Krishnan, told Dea...

Read More

Thai Property Awards launched

The annual PropertyGuru Thailand Property Awards, which seeks to reward the finest developers, properties and real estate personalities across the Kingdom, will return for its 12th annual edition this September. The event follows the success of the recent 2nd Cambodia Property Awards in March. The organiser expects to receive more than 300 entries from developers with ongoing projects located i...

Read More

Asia Square 2 in Capitaland’s Sights

CapitaLand, Singapore’s leading real estate developer and fund manager, is negotiating to purchase Asia Square 2 according to media reports. Located in the ultra-exclusive and prime Marina Bay district in Singapore, the BlackRock-owned 46-storey Grade-A commercial building is estimated to be valued at more than USD1, 900 per square foot. In June 2016, Asia Square Tower 1 was sold to the Qata...

Read More

Solarhome Targets Myanmar

A Singapore-based company providing solar energy solutions for rural households not connected to electricity grids is looking to Myanmar as its next target market. SolarHome, which currently has operations in Cambodia, Indonesia and the Philippines, already has a presence in Myanmar but is hoping to invest up to USD25 million over the next five years, starting with an initial USD1.5 million in ...

Read More

Sino Plaza Halts Sales

In another example of developers modifying plans in response to rapidly changing market conditions, a huge residential development in Boeung Trabek has reportedly halted sales and provided customers with full refunds. According to a recent report in the Phnom Penh Post, the USD250 million Sino Plaza project is no longer accepting customers though is continuing with construction albeit with an a...

Read More

សមាគមអ្នកសាងសង់កម្ពុជា (CCA) ជួយរដ្ឋាភិបាលក្នុងការប្រយុទ្ធប្រឆាំងនឹងគ្រឿងញៀន

ដើម្បី​ជួយ​ដល់​យុទ្ធនាការ​ប្រឆាំង​គ្រឿងញៀន​នៅ​ទូទាំង​ប្រទេស​របស់​រដ្ឋាភិបាល ក្រុមហ៊ុន​សមាជិក​របស់​សមាគម​អ្នក​សាងសង់​កម្ពុជា (CCA) បាន​ប្តេជ្ញាចិត្ត​ធានា​ថា​សហគ្រាស​របស់​ពួកគេ​មិន​មាន​ពាក់ព័ន្ធ​នឹង​គ្រឿងញៀន​នោះ​ទេ​។​ ​នៅក្នុង​ពិធី​ទទួលទាន​អាហារ​ពេល​ល្ងាច​ជាមួយនឹង​ពាណិជ្ជករ​នាំមុខ​គេ​រាប់​រយ​នាក់​ពី​វិស័យ​ឯកជន​នៅក្នុង​ប្រទេស​កម្ពុជា​រួម​ទាំង​ប្រតិភូ ១០ រូប​មកពី CCA នា​ថ្ងៃ​ទី ៧ ខែ​មេសា រដ្ឋមន្ត្រ...

Read More