Vietnam News
* Experts say condominium oversupply in a few years is possible * Singapore firms like Oxley building posh high-rise projects * Foreigners account for 60-70 pct of condominium sales * Cambodians prefer houses with land, many can’t afford flats By Prak Chan Thul and Aradhana Aravindan PHNOM PENH/SINGAPORE, Nov 3 (Reuters) – High-rise apartments are […]
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A corner of Thu Thiem new residential area in Ho Chi Minh City. Photo: Nguyen Van Hai Vietnam is expected to be the best performing real estate market in Southeast Asia in 2016 due to an easing of foreign ownership rules, experts have said. “Currently Vietnam is offering the most exciting opportunity in the region, […]
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Over 100 villagers are barred from attending the public hearing on the coal-fired power plant in Thepa, Songkhla in July. Chanat Katanyu Not only will 118 families, or some 500 people, in Songkhla’s Tepha district be evicted by the Egat coal-fired power plant, but it is also widely feared that the Gulf of Thailand’s ecosystem […]
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China has started constructing new railways from Yunnan province to neighbouring countries, including this line linking Kunming with Myanmar LAOS: Construction of the planned standard gauge corridor running north-south through Laos could begin next month, according to officials in Vientiane. The railway would be an extension of China Railways’ existing line running south from Kunming […]
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Thai department store chain Robinson says it will open outlets in planned special economic zones to encourage cross-border trading. The Central Retail Corporation subsidiary says it will open a new Lifestyle Centre at Mae Sot in the Tak province, on the border with Myanmar. It follows a similar store which opened in Mukdahan, on the […]
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CapitaLand Limited’s wholly owned serviced residence business unit, The Ascott Limited (Ascott), has made its first foray into the popular tourist destinations of Pattaya in Thailand and Cebu in the Philippines by securing five new contracts to manage 875 apartment units. With 14 management contracts signed in Southeast Asia this year, Ascott has added over […]
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Aeon (Thailand), the local operator of MaxValu supermarkets and Tanjai minimarts, has resumed its investment with a big retail project after suspending its expansion since 1997. The company will today have the soft opening of Aeon Sriracha shopping centre in Chon Buri’s Si Racha district to serve growing demand from Japanese expats working nearby. The move is […]
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The Singapore-based renewables firm wants to bring in the turbine maker’s technology to fan wind development in areas with low wind speed. Wind farm in Bangui Bay, Philippines. Southeast Asia has only about 0.5 GW of wind power capacity at the end of 2014, according to a report from REN21. Singapore’s renewable energy developer The […]
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Cambodian Deputy Prime Minister and Foreign Minister Hor Namhong (R) shake hands with Somsavat Lengsavad, Lao Deputy Prime Minister in charge of economic affairs, in Phnom Penh on Tuesday. Xinhua/Sovannara Lao Deputy Prime Minister Somsavat Lengsavad agreed yesterday to take a closer look at the potential impact of the contentious Don Sahong Dam project just […]
Continue ReadingSupported by international investors continuing to diversify their real estate portfolios, Asia Pacific has recorded a steady flow of international capital, with investment turnover increasing by 9% year on year to US$13 billion in the first half of 2015 according to real estate advisory company CBRE’s latest Asia Pacific Investment Guide. Richard Kirke, Managing Director, […]
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