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New Apartment Sales Dive in Ho Chi Minh

New Apartment Sales Dive in Ho Chi Minh

by Teuvo Tuomi | Oct 7, 2024 | Vietnam, Economy, Ho Chi Minh, Infrastructure, News

In Ho Chi Minh City, 1,915 apartments were sold in the primary market in the third quarter, down 16% from the second, according to property consultancy Savills Vietnam. The absorption rate was 39% in the third quarter, a 2%-point decrease from the second. Mid-priced...
Sittipunt’s Ambitious Goal to Make Bangkok Top 50 Livable City by 2027

Sittipunt’s Ambitious Goal to Make Bangkok Top 50 Livable City by 2027

by Teuvo Tuomi | Oct 6, 2024 | Bangkok, Environment, Infrastructure, Lifestyle, News, Thailand, Visions

For 2024, Bangkok’s district offices aim to develop 124 kilometres of roads, install and upgrade 31,900 streetlights, set up and improve 9,500 canal lights, plant 200,000 trees, improve traffic congestion spots, and create 153 “15-minute” parks, Bangkok Governor...
Investors Unhappy with Ho Chi Minh’s Infrastructure

Investors Unhappy with Ho Chi Minh’s Infrastructure

by Teuvo Tuomi | Sep 19, 2024 | Vietnam, Infrastructure, News, Trade, Transportation

Foreign investors are concerned about the logistics infrastructure in Ho Chi Minh City, including congestion near the airport, seaports and on expressways Tran Anh Duc, co-head of the city’s investment & trade working group, admits that foreign business...
New Mega Terminal Will Make Changi More Competitive

New Mega Terminal Will Make Changi More Competitive

by Teuvo Tuomi | Sep 7, 2024 | News, Infrastructure, Investment, Singapore, Travel

The construction of Singapore’s Changi Airport Terminal 5 (T5) will start in the first half of 2025, Prime Minister Lawrence Wong confirms. The new terminal will be operational in the mid-2030s. When the mega terminal is operational, Singapore aims to be linked...
Jokowi Signs 190-year Land Rights Regulation for Nusantara

Jokowi Signs 190-year Land Rights Regulation for Nusantara

by Teuvo Tuomi | Jul 16, 2024 | ASEAN, Business, Indonesia, Infrastructure, Investment, News, Southeast Asia

President Joko “Jokowi” Widodo has signed a presidential regulation that grants investors certain rights in the Nusantara Capital City (IKN) megaproject in East Kalimantan, the future capital, including land rights of up to 190 years. The regulation stipulates that...
ASEAN Express Concludes Its Maiden Voyage

ASEAN Express Concludes Its Maiden Voyage

by Teuvo Tuomi | Jul 15, 2024 | ASEAN, China, Infrastructure, Laos, Malaysia, News, Thailand, Trade, Transportation

The Asean Express, the cargo train connecting Malaysia, Thailand, Laos, and China, has returned to Malaysia after a 14-day trip to Chongqing, China. “This is the first inbound trip; we hope that there will be more trips between the countries,” KTMB chief operating...
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