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ខ្មែរ 
Korean-italian Jv Builds Hydro Plant in Indonesia
Korean and Italian firms will build a major new hydropower scheme in Indonesia, partly financed by the World Bank. Global Construction Review reports that Italy’s Astaldi Group and South Korea’s Daelim, in a joint venture with an Indonesian firm, Wika, will build the upper and lower dams for the planned $800m Upper Cisokan hydroelectric power plant on the Island of Java. The World Bank will ...
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City Hall Proposes New Solutions Against Traffic Jams
Having acknowledged that Phnom Penh’s traffic congestion continues to worsen despite the 3-line public bus service recently going on-line, City Hall has proposed new solutions to battle traffic jams as one of seven agendas for its second mandate. According to City Hall spokesman Long Dimanche, five new solutions have been put forward for government approval. Mr Dimanche made his comments in his...
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National Road 4 Expanded
Since mid-2014, the kingdom’s most important economic route, National Road No. 4 which connects Phnom Penh to Sihanoukville sea port has been undergoing a large-scale expansion. National Road No. 4 was built in the 1950s to carry goods to and from the sea port that was built at the same time. However, the 230km long, 7 meter wide two-lane highway is also considered the most dangerous road in Ca...
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Malaysia Seeks Power Plant Partners
Malaysia’s Toyo Ink Group Berhad is currently seeking partners for a $3.5 billion joint venture to develop the Song Hau 2 thermal power plant in South Vietnam, according to the country’s foreign investment agency report. The BOT (Built–Operate–Transfer) project will have an anticipated capacity of 2,000 MW, and was initially agreed in 2013 via a MoU between the Vietnam Ministry of Industry and ...
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Thai Developer Plans 10 Projects In Q4
Sansiri, one of the largest real estate developers in Thailand, and its joint venture firm with BTS Group Holdings, BTS-Sansiri Holding, plan to launch 10 residential projects worth 21.5 billion baht ($598 million) in Q4 2015. Sansiri will develop six projects, of which five are detached-housing projects and the other is a condominium. Meanwhile, the other four projects will be condominiums dev...
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Price of Yangon Real Estate Hurts Locals
Yangon’s booming economy and rapid pace of development is powering a huge 20% annual growth in the housing rental market. A Myanmar Business Today census has revealed about 24.5 percent of Yangon residents live in leased houses or apartments, while the iMyanmarhouse property portal reports only 10 percent of Yangon residents are home owners. According to Myanmar Real Estate Services Associat...
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Property Awards Crowns 2015 Winners
400 of Southeast Asia’s real estate industry elite attended the grand finale of the South East Asia Property Awards 2015 on Wednesday, 21 October at the Shangri-La Hotel, Singapore. Singapore and Malaysia accepted four awards each from Asia’s biggest and most credible real estate award-giving body, South East Asia Property Awards. The awards, presented by Asia’s industry-leading monthly publica...
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Apennines Condo Intros First Car Lift
A new condo building in Toul Kork scheduled for completion in 2016 will feature the first car elevator in Cambodia according to the developer. The 17-storey tower built over 600 square metres of land will include a car elevator to take any size of vehicle up to one of the six-floor parking garages. The 43-unit project is being developed by KHSI Investment PTE LTD from Singapore with Singapor...
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Phnom Penh Remains Static in Office Index
The Knight Frank Asia Pacific Prime Office Rental Index for Q2 2015 saw Phnom Penh show no growth between Q1 and Q2 2015, indicating a general slowing trend. The report showed Northeast Asia dominating growth in the region with Tokyo and Shanghai showing the strongest performance. Throughout Southeast Asia, markets remained fairly robust. Bangkok topped rental growth across the region, with ...
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$100 Million Affordable Housing Project Signed
Local and Singaporean property developers signed a US$100 million property project with Cambodian government to offer Cambodian low and medium classes with affordable housing which will kick off in 2016. Signed between Cambodian World Bridge Land, Co. Ltd and its Singaporean partner, Strait Construction Group Pte, Ltd, a company experienced in housing for low and middle-income class in Singapor...
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New CVEA Chairman Lays Out Ambitious Strategy
After being appointed as head of the Cambodia Valuers and Estate Agents Association (CVEA)’s 4th mandate following the resignation of former president Sok Bun, Kim Heang has outlined four main goals to enhance Cambodia’s property industry and promote the CVEA. With 14 months of his mandate remaining, Kim, the founder and CEO of Khmer Real Estate Co., Ltd, aims to; enhance the CVEA governance; s...
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Asia Property Awards Officially Launches in Cambodia
The latest boost for the kingdom’s booming property industry will kick off the prestigious industry awards program in 2016. Undoubtedly home to one of Southeast Asia’s most exciting and rapidly evolving property markets, Cambodia is set to receive the region’s real estate industry seal of approval when it becomes the latest country to be included in the coveted, decade-old Asia Property Awards ...
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