China’s debt-laden property developer Evergrande Group has reportedly resumed construction of most of its stalled housing projects.
The Department of Public Works and Highways (DPWH) of the Philippines will construct a new office building for the Commission On Audit (COA) in Quezon City.
Singapore-based biopharmaceutical firm Prestige BioPharma (PBP) has commenced construction of Innovative Discovery Center (IDC) in Busan, South Korea.
L&T Construction, the construction subsidiary of Indian conglomerate Larsen & Toubro (L&T), has secured a contract from the Government of Odisha, India to build clinical blocks and allied infrastructure for an advanced hospital in Cuttack.
Construction projects worth more than $5bn have been reportedly stalled in the Islamic Emirate of Afghanistan due to economic turmoil and uncertainty.
The Delhi Development Authority (DDA) in India has reportedly invited bids for the construction of nearly 10,500 flats across the city.
Canada Pension Plan Investment Board (CPP Investments) has formed a joint venture (JV) with The Phoenix Mills to develop a new mixed-use asset in Lower Parel, Mumbai in Indian state Maharashtra.
Real estate firm Hines and DNR Group have commenced construction of DNR Altitude, an office project in the Indian state of Karnataka.
China has imposed limits on constructing super high-rise buildings, as it seeks to eliminate the wasteful ‘vanity’ projects of local governments.
Philippines-based telecommunication company PLDT along with ePLDT is all set to construct the country’s largest data centre.
China Evergrande has terminated a deal to divest a 50.1% stake in Evergrande Property Services to Hopson Development.
China’s property developer Evergrande Group is reportedly in negotiations with investment banks and creditors over potential asset sales and restructuring, as it seeks to reduce its debts of over $300bn.
Hyundai Mobis has announced plans to build two new hydrogen fuel cell system plants in Incheon and Ulsan in South Korea.
Debt-laden property developer China Evergrande will reportedly divest a 51% stake in its property management business for $5.1bn.
China’s housing regulatory agency has bolstered its supervision of the bank accounts of Evergrande Group so that the property developer does not divert funds to pay its creditors but only use them only to finish the construction projects, reported Bloomberg.
SmartCentres Real Estate Investment Trust has unveiled plans for ArtWalk, a new mixed-use art district in the Vaughan Metropolitan Centre in Canada.
Takeda Pharmaceutical Company has broken ground on a new $14m net zero carbon emissions building in Singapore.
Axalta, a supplier of liquid and powder coatings, has broken ground on a coatings facility in Jilin City, Jilin Province, China.
L&T Construction, the construction subsidiary of Indian firm Larsen & Toubro (L&T), has been awarded contracts for various projects in India and Saudi Arabia.
Geekvape has announced plans to invest several billions to construct an intelligent manufacturing industrial park in Greater Bay Area, China.