Property agent Kyaw Saw leafs through a thick pile of real-estate listings in Myanmar’s faded commercial capital, Yangon. “Our customers used to be all people from the east — from China, Taiwan and Japan,” said the portly businessman. That’s changing fast. “We had no Westerners a year ago. Get in now before the rush begins,” […]
Continue ReadingMott MacDonald appointed on largest wind farm in south east Asia Siemens Energy has received two orders for a total of 90 wind turbines for two wind power plants in the Nakornrachasrima province in Northeastern Thailand. Purchaser for the KR2 project is K.R.Two Company Ltd.. For the FKW project, the customer is First Korat Wind […]
Continue ReadingPrices of luxury homes in eight key Asian markets are expected to slide further this year as the impact of new government cooling measures become more visible. In the latest Asia Pacific Residential Index by property consultancy firm Jones Lang LaSalle, prices of high-end homes in Hong Kong fell the most – dropping by 3.3 […]
Continue ReadingWind Energy Holding Co., a Bangkok-based wind project developer, plans to erect three 90-MW wind farms in Korat, Thailand by 2016. The three wind farms would, thus, have a combined electricity generation capacity of 270 MW. The wind farms would be located in Korat, which is north of Bangkok, in Thailand. This project is expected […]
Continue ReadingProperty and land prices in Dawei, also known as Tavoy, in southernmost Burma have sky-rocketing to hundreds of millions of kyat due to the development of the nearby Thai-backed deep-sea port project, claim local businessmen. Real estate prices are highest around Ar Zar Ni Road, in downtown Dawei, where most private banks have opened branch […]
Continue ReadingDespite logistics and construction costs increasing between 8-10 per cent this year in relation with 2011, residential prices are only expected to increase within a 3-5 per cent margin as a result of the steep competition and a sluggish demand to purchase residences for the first half of the year. In a survey conducted by […]
Continue ReadingExperts are proposing a new highway linking Ratchaburi and Kamphaeng Phet provinces, western and eastern floodways, a new economic zone and an outer ring road for eastern Bangkok as solutions to flooding problems. The Strategic Committee for Reconstruction and Future Development (SCRF), chaired by Virabongsa Ramangkura, plans to seek a new economic zone for relocation […]
Continue ReadingBangkok Post reported that the Department of Special Investigation has raided two warehouses and a steel rod plant in Bangkok and Samut Sakhon provinces, accused of producing substandard steel rods for distribution nationwide. Mr Tharit Pengdit head of DSI and Mr Pol Maj Suriya Singhakamol commissioner of the DSI’s Bureau of Consumer Protection and Environment […]
Continue ReadingDespite concerns over a Euro crisis, high end real estate deals in the resort markets of Asia are gaining momentum. Benchmarking the trend for 2011 luxury hotel branded villa sales, resort operator Six Senses sold 8 properties during the year. Properties sold were at Soneva Kiri, Koh Kood, plus Soneva Fushi and Six Senses Laamu […]
Continue ReadingA cogeneration facility in Thailand is set to provide reliable electricity and steam for the petrochemical industry and other sectors in Southeast Asia’s second fastest growing economy. Marubeni and Black & Veatch consortium has completed the Glow Phase 5 combined-cycle cogeneration plant in Rayong, Thailand, for the Glow Energy Public Company, Ltd. The low-emissions natural […]
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