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S Korean builder upbeat on US$20b Saudi housing deal

Published Mon, Mar 28, 2016 · 09:50 PM

Seoul

A SOUTH Korean construction firm that jointly won a US$20 billion housing deal with Saudi Arabia said on Monday it was confident the project would go ahead despite the impact of slumping oil prices on the Gulf nation's coffers.

Under the deal, for which a memorandum of understanding was signed in Seoul last week, a three-party consortium will build 100,000 housing units and related infrastructure for a new town near the capital Riyadh over the next 10 years.

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Property

Property

S Korean builder upbeat on US$20b Saudi housing deal

Property

Singapore office rents in central region fall 1.7 per cent in Q1 after rising for 9 quarters

Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up

Country Garden plans to present debt revamp plan in H2, sources say

Hong Kong home prices rise for first time in 11 months after curbs scrapped

HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand

Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%

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