ျပည္ပအိမ္ၿခံေျမသတင္းမ်ား

Brick kiln owners have complained about falling prices due to the rise in imports from neighbouring countries amid the boom in the construction sector. Preap Koy, the owner of a brick kiln in Kandal province, told The Post on Monday that 10,000 bricks were now worth $270 – down from $380 last year. He said he sold between 500,000 and 600,000 bricks annually. “The price of bricks is falling because imports from Vietnam are impacting our brick market so we can’t sell well and gradually lose out. “We produce bricks every day just to create jobs for our workers. We call on stakeholders to help explore more opportunities for local brick makers and reduce imports,...

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Last year’s total construction demand expanded by 9.5% to reach S$33.4 billion, about S$1.4 billion higher than the upper bound of BCA’s 2019 forecast of S$27 billion to $32 billion, mainly due to a stronger than expected increase in industrial construction demand for petrochemical facilities despite the slowdown in the manufacturing sector. The Building and Construction Authority (BCA) expects the total construction demand (which is the value of construction contracts to be awarded) to remain high in 2020 buoyed by demand for public sector construction. The total construction demand is estimated to be around S$28 billion to S$33 billion this year, according to BCA’s...

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According to official flash calculations, private property prices in Singapore dropped 2.5 percent in 2019 in comparison to the 7.9 percent increase back in 2018, reported Channel News Asia. The private residential property index rose by 0.3 percent to 153.3 points in the fourth quarter of the year, after two consecutive quarters of increase. Head of research for Singapore at Colliers International Tricia Song said: “The slowing pace of price increase indicates a stabilised environment, reducing any risk of the government imposing more cooling measures at this stage.” “With home prices highly correlated to household income and the economy, we expect private residential...

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The Beverly Hills home of Robert Evans, the colorful film producer behind movies like "The Godfather," "Chinatown" and "Rosemary’s Baby," has sold for $16 million to David M. Zaslav, president and chief executive officer of Discovery Inc., according to people familiar with the deal. Mr. Evans died last year at age 89; the home was sold by his estate. Known as Woodland, the French Regency-style home dates back to the 1940s and was designed by John Elgin Woolf, an architect known for designing the homes of Hollywood stars like Judy Garland and Cary Grant, according to the book "Glitter Stucco & Dumpster Diving: Reflections on Building Production in the Vernacular City." It also...

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Hong Kong-based Phoenix Property Investors has sold an apartment building in Tokyo for JPY 20 billion ($180 million), just 30 months after buying the property in the Shinagawa area. The private equity shop headed by financiers Benjamin Lee and Samuel Chu announced that it had sold the Oakwood Residence Shinagawa to a Korean institutional investor on behalf of its Phoenix Asia Real Estate Investments V fund, with the transaction completed on 27 December. A local Korean industry source told Mingtiandi that Seoul-based asset manager Korean Investment Management had raised funds to acquire a Tokyo serviced apartment with that acquisition being reported has having been completed on the same...

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Long, relaxing bathroom breaks that allow people to read the news or get up to date with their social media feed may be coming to an end due to a new and controversial toilet seat design that is supposed to make sitting on the toilet for more than seven minutes becomes uncomfortable. Called the Standard Toilet, the new design thought up by English consulting engineer Mahabir Gill slopes at a downwards angle of 13 degrees forcing the person who is sitting on it to use their leg muscles in order to keep from sliding off. According to its creator, the longest someone can comfortably sit on such a toilet seat is 5 to 7 minutes. Gill said that the 13 angle slant is ideal, as it’s enough...

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China will strive to keep housing prices stable next year and continue to implement a long-term management mechanism to foster the healthy development of the property sector, the housing ministry said Monday. The country will stick to the principle that "housing is for living in, not speculation" and must not take real estate as a short-term stimulus to the economy, said Wang Menghui, minister of Housing and Urban-Rural Development, at a national work meeting. The country's property sector has remained stable in 2019 amid tailored housing regulations for different cities, Wang noted. The ministry will step up support to ensure housing for low-income families in cities next year and...

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A mixed-use site in Shanghai’s Xuhui district has been offered for sale with an estimated price tag of more than RMB 30 billion ($4.3 billion), as the municipal government strives to build a 1.8 million square metre (19.4 million square foot) financial hub along the Huangpu River. The 323,665 square metre site, made up of 28 land parcels between the river’s west bank and Longhua Middle Road, was listed on the Shanghai Land Market last month, according to an announcement on the bureau’s website. The reserve price for the land sale remains confidential, but bidders are required to pay a security deposit of RMB 6.5 billion ($928 million). Given that the deposit is...

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Haitong Securities has agreed to buy a trio of office buildings worth a combined RMB 7.5 billion ($1 billion) in a Greenland Group project on Shanghai’s Bund, according to announcements last week by units of the mainland investment bank. The sale of the nine, eleven, and nineteen-storey properties, which form the foothills leading up to the Greenland Bund Centre’s 300-metre supertall tower and three other skyscrapers, will bring in immediate cash as the developer works to complete the remainder of the 111,500 square metre (1.2 million square foot) urban renewal project. With the joint venture having previously sold two of the seven headquarters properties in the RMB 100...

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Just Room Enough Island, is an aptly-named private-owned island with literally just enough room for its owners’ house, a couple of trees and a miniature beach with a pair of bench chairs.Part of the Thousand Islands archipelago on the border between the U.S. and Canada, Just Room Enough Island measures about 3,300 square feet (310 m2), which makes it the world’s smallest inhabited island. It was purchased by the Sizeland family in the 1950s, as a comfortable retreat, but they never expected it to become an internationally-recognized tourist attraction. Ironically, even though the Sizeland family probably never intended for their vacation home to become so famous, they had a...

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