English 
ខ្មែរ 
Creed’s Sen Sok Borey Sales Rocket
Japanese real estate developer Creed Group has seen sales for its Sen Sok district borey project skyrocket with around 80 percent of phase one already sold just four months after the soft launch. Borey Maha Sensok’s successful sales are thanks to its location in the capital’s fastest growing district close to amenities and the airport with the Lion Mall and AEON Mall 2 soon to be nearby, afford...
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Shukaku Signs MOU with Don Bosco
Phnom Penh City Center (PPCC) master developer Shukaku has signed a memorandum of understanding with the Don Bosco Foundation to provide scholarships and IT equipment for Cambodians from disadvantaged backgrounds. The partnership is part of Shukaku’s new “Sustainable Growth Initiative” CSR program and will see the developer grant 20 scholarships to students from the Don Bosco Technical School a...
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Olympia City’s Condo Towers Ready For Residents in 2016
After four years of construction, two of Olympia City’s condominium towers are scheduled to open to residents and businesses later this year. The massive Olympia City project features 13 skyscrapers and is being built on 6 hectares of landmass north of the National Olympic Stadium. The award-winning complex features two 36-storey buildings, five 25-storey buildings, five 20-storey buildings and...
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Yangon High-Rise Halt Reconsidered
After 200 high-rise property development projects were suspended in Yangon for violating low-rise zoning regulations earlier in the year, developers are fighting back with an unlikely ally. Daw Sandar Min, head of the Finance, Planning and Economic Committee of the Yangon region parliament supported the High-rise Inspection Committee’s decision to suspend the projects which had been approved by...
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Hongkong Price Fall Continues
Despite recently retaining the title of being the most expensive city in the world to live in, Hong Kong’s property market has been struggling in 2016 with strong downward pressure on prices. Although sales grew to an 11-month high at the end of May 2016 thanks to high volumes in successful launches of new projects, the total value of home sales slid 20.3 percent month on month. Secondary home ...
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Luxury High-Rises for Yangon Riverside
The Yangon skyline is set for a big change following the announcement of luxury high-rise riverfront development projects in one of city’s most impoverished areas. The largest is Riverfront Garden, a China-Myanmar joint venture which will develop 13 luxury condominium high-rises along the Hlaing River. Nearby Hlaing Tharyar is the largest township in Yangon and is famous for being the largest s...
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Mitsubishi Invests in Huge Hanoi Suburb
Mitsubishi is partnering with Vietnamese real estate group Bitexco to develop part of the new USD1.9bn Manor Centre Park suburb in Hanoi. Mitsubishi will have a 45 percent holding in the joint venture to develop 8,700 units on 190 hectares located 8km outside the capital. Manor Park Centre will provide housing, retail and office buildings and a park and sports centre for Vietnam’s rapidly gr...
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Bangkok’s Tallest Tower Complete
Residents will soon start moving in to the completed 77-storey MahaNakhon Tower which is now Bangkok’s tallest building. The iconic property development will feature 209 Ritz-Carlton Residences, as well as a five-star Edition Hotel by Marriott International, boutique shops and several restaurants. Conceived by Pace Development, the MahaNakhon Tower sets new standards in superluxury in Bangko...
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New China ASEAN Construction Club Born
To strengthen partnerships between the building industries in China and ASEAN, the China-ASEAN Construction Industry Cooperation Committee was established in May. The committee is the fourth building industry group spanning the two regions to promote business relations between Chinese construction-related firms and their ASEAN counterparts. It follows the China-ASEAN Building Materials Cooperat...
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Foreign Ownership Practices Tightened
The Ministry of Land Management, Urban Planning and Construction has instructed all districts in Phnom Penh to halt the provision of soft title ownership documents in co-owned buildings in foreigners’ names. The 2010 Foreign Ownership Law makes it clear that only condominiums can be owned by foreigners and that properties in co-owned buildings (like apartments) require ownership through a nomin...
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ACF Approves Myanmar Membership
After two years of protracted negotiation, the ASEAN Contractors Federation (ACF) has finally admitted Myanmar as a member of the regional association at its 41st council meeting. Convened at Bangkok, Thailand on 3 June, 2016, the assembly admitted the Myanmar Construction Entrepreneurs Association (MCEA), representing the building industry of Myanmar as its eighth member. The MCEA was estab...
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Minister Chea Sophara Endorses CCA Activities
Three months after being appointed as the Minister of Land Management Urban Planning and Construction (MLMUPC), H.E. Senior Minister Chea Sophara has endorsed his activities organised by the Cambodia Constructors Association (CCA). In a meeting on 23 June to express support for his appointment, H.E. Chea Sophara endorsed the actions and activities organised by the CCA to develop Cambodia’s cons...
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