Dusty roads and makeshift offices are the only hints of the ambitious $50 billion project slated for the thick jungles near Myanmar’s southern city of Dawei, billed by its developers as the “new global gateway of Indo-China”. Big questions surround the far-reaching plans by Thailand’s largest construction firm, Italian-Thai Development Pcl ITD.BK, to transform 250 […]
Continue ReadingCBRE, a leading international property consultant in Thailand, has been appointed to sell two internationally branded hotel properties in two of Thailand’s most popular beach destinations: the Courtyard by Marriott Phuket at Patong Beach and the Courtyard by Marriott Hua Hin in the Gulf resort of Cha-am. A third separate asset, the highly profitable Hard […]
Continue ReadingThe Energy Ministry’s landbridge feasibility study will primarily focus on the viability of a new oil pipeline from the Andaman Coast to the Gulf of Thailand, said Energy Policy and Planning Office EPPO Director-General Suthep Liumsirijarern. He said that between the two connecting spots which could not yet be revealed, oil depots would be built. […]
Continue ReadingThis is the first opportunity Phuket has had to take a look at the new design for Phuket International Airport. The new terminal is one long wave, with glass allowing greater visibility and many improvements to the present system and flow through the airport. These drawings were screened last night at a meeting where Airports […]
Continue ReadingProperty 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 […]
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