Singapore to Unveil Rigorous Underground Master Plan 2019

Sample photo by Property Guru Besides its expertise in green buildings, Singapore is now starting to draw attention with its rigorous Underground Master Plan. Responding to land limitation and the rise in population, the Singaporean government is preparing to unveil its Underground Master Plan 2019, according to Reuters. Speaking with Reuters, Mr Ler Seng Ann, a group director of the Urba...

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Cambodia Sees Sharp Decline in Construction Investment in 2018

Although construction activities have yet to decline, construction investment capital has dropped remarkably in 2018, according to a report by the Ministry of Land Management Urban Planning and Construction (MLMUPC), issued on 24 December, 2018. According to the report, 2018 saw the ministry approve 2,867 construction projects covering 11 million square meters in construction area, with an esti...

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Global Japanese Hospitality Firm to Open Luxury Hotel in Tuol Tum Poung

Japanese firms are increasingly interested in the hotel market in Cambodia reflected by the announcement of new luxury hotel in Toul Tom Poung area. Okura Nikko Hotel Management, a subsidiary of Hotel Okura, announced that it will open Hotel Nikko Phnom Penh, according to a press release dated 21 December, 2018. According to the press release, the new hotel will open in 2022 located on the u...

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US$3.8 Billion Phnom Penh-Bavet Expressway Too Expensive for the Government

Following the feasibility study on the construction of the Phnom Penh-Bavet Expressway, the government has said it is too expensive, citing a lack of budget. The Japan International Cooperation Agency (JICA) recentlyconducted a feasibility study on the expressway connecting the capital city of Phnom Penh to the Vietnam border town of Bavetwhich concluded that the project would cost US$3.8 billi...

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New 106-storey Commercial Building to Be Malaysia’s Tallest

Sample photo by Mulia Malaysia soon will see its tallest iconic new building, The Exchange 106, steals the title from the country's current signature building, the Petronas Twin Towers. The new building is a luxury commercial building stretching up in the heart of Malaysia's international finance and business of TunRazakExchange (TRX). The building, an investment by Mulia Property Developmen...

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Cambodia to Seek Loan From China for Electrical Grid

In order to expand the supply of electricity to all provinces across the country, the government plans to seek an additional loan from the Chinese government for the construction of a national electrical grid, according to Samdech Techo Hun Sen, Prime Minister of Cambodia. The statement was made during the grand opening ceremony of the Hydro Power Lower Sesan II on 17 December, 2018. (Read more...

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Hydro Power Lower Sesan II Dam Inaugurated

On 17 December, 2018, the Hydro Power Lower Sesan II dam was inaugurated,presided over by SamdechTecho Hun Sen, Prime Minister of Cambodia. The Hydro Power Lower Sesan II, which is located in Stung Treng Province, has the capacity to produce electricity of up to 400 megawatts. The project was built under a joint venture between three companies with a total investment of US$800 million. The c...

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Us$70 Million Adb Loan to Develop National Roads No. 1 and 6

The Asian Development Bank (ADB) has agreed to provide a US$70 million loan to Cambodia for the improvement and maintenance of National Roads No. 1 and 6 according to a press release by the Ministry of Public Works and Transport (MPWT) dated 13 December, 2018. The loans, which are divided into three packages, will be used for upgrading National Road No. 1 from kilometre 63 to kilometre 159 from...

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Eco-friendly Mixed-use Development Project Underway on Mao Tsetoung Blvd

With the increasing numbers of construction projects throughout Phnom Penh, sustainable construction incorporated with an eco-friendly concept is becoming a new trend in the construction sector in Cambodia. This new trend reflects the presence of a new mixed-use development project called The Point, which is designed with an integration of the concept of nature with other functions of a modern ...

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Singapore Firm Terminates Us$11 Million Hotel Deal in Sihanoukville

Singapore-based real estate developer Hong Lai Huat has decided to terminate its sales and purchase agreement of its first hotel project in Sihanoukville, according to an announcement on the Singapore Exchange (SGX). According to the announcement dated 11 December, 2018, PH One Development, a subsidiary of Hong LeaiHuat decided to terminate the sale and purchase agreement of the D'HotelSeaview ...

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