Construction
Major companies and projects
Japan's Sumitomo adding rental factory space in Southeast Asia
Trading house Sumitomo Corp will expand its factory rental business in Southeast Asia serving small manufacturers from Japan, offering them the chance to launch overseas production without the hefty financial commitment of building their own plants. The factory space comes ready for use, equipped with electricity, ...
Japanese construction giant to spend USD1bn on 50 projects in Vietnam
Tokyo-based contractor Kajima will team up with Indochina Land. Vietnam’s property market continues to ensnare Japanese firms. The latest: a partnership between Kajima and Hanoi-based developer Indochina Capital, which was unveiled on September 16, will officially begin in October. The resulting venture, ICC-Kajima, is expected to plough USD1 ...
Govt investigates Taungthaman lake project, following locals’ complaints
The divisional government launched an investigation into a resort and culture park under construction on the eastern bank of the famous Thaungthaman Lake outside the city of Mandalay, after local residents complained about the impact of the project. Some of the initial construction near the famous ...
Japan firms invest in local property sector despite potential risks
Many Japanese companies are aware of potential risks in the Vietnamese real estate sector but they have an increasing presence in this market, according to Tokyo-based Recof Corporation, a consultant on merger and acquisition (M&A) deals. Masataka Sam Yoshida, senior executive for the Vietnam market at ...
HCM City makes property mortgage details public
Recently the Hồ Chí Minh City Department of Natural Resources and Environment published a list of 77 apartment projects that have been registered as mortgaged at land registration offices. The list has been submitted to relevant offices in the city as well as uploaded on the ...
Yangon govt orders safety modifications to high-rise buildings under construction
Despite complaints from developers, a review committee for the construction of high-rise buildings has ordered safety modifications to 12 structures, stating that failure to follow Rangoon’s updated urban planning standards could cause harm to the city and its residents. Ye Min Oo, the review committee’s spokesperson, ...
Farmers urge region government to restart Southwest New City project
A farmers group is pressing local authorities to resurrect the controversial Southwest New City project. Though the three companies selected to build the new city were ready to proceed on the basis of approval from the outgoing Yangon Region government, the incoming National League for ...
Deal to develop QSNCC reached
The Treasury Department has come to an agreement with liquor tycoon Charoen Sirivadhanabhakdi, the owner of N.C.C. Management & Development Co, for the second phase of the upgrade of Queen Sirikit National Convention Center. All issues including investment size, the concession period and the overall trajectory ...
B70bn loan offer for affordable housing
Thailand’s Finance Ministry plans to offer 70 billion baht in pre- and post-financing loans for its affordable housing scheme under the Pracha Rat (People’s State) initiative, finance permanent secretary Somchai Sujjapongse said. Of the total, 40 billion baht will be for post-financing and the remaining 30 billion ...
Low-cost homes capped at B250m
Thailand’s Treasury Department estimates that investment in each low-rise condominium project with 500 units under the government’s cheap housing scheme will not exceed 250 million baht, its chief says. Each condo unit with a 23-24-square-metre space will cost 500,000 baht, said Chakkrit Parapuntakul, director-general of the Treasury ...
