Vietnam and the Philippines see investments in tall buildings

Vietnam and the Philippines see investments in tall buildings, while Mitsubishi Electric gears up for more work in Manila, Cebu and Iloilo.

44-Story Apartment Tower and More Planned in Hanoi

The Matrix One, which includes a 44-story apartment tower, a fve-story mixed-use building, schools and greenspace in Hanoi, Vietnam, was announced in November 2019 by developers MIKGroup and Mai Linh Investment JSC, Vietnam Investment Review reported. The 393,191-m2 development is set to take shape at the intersection of the Me Tri, Chau Van Liem and Le Quang thoroughfares in what the source described as a “prime location at the western gateway of the capital.” Adjacent to the National Convention Center, an international hospital, numerous schools and a multiuse stadium, The Matrix One will deliver a “green lifestyle” with running tracks, skate courts and entertainment zones.

41-Story First Phase of Kuala Lumpur Township Launched

The 41-story frst phase of Kiara Bay in Kepong, northern Kuala Lumpur, was launched in November 2019 by developers UEM Sunrise and Melati Ehsan Group, The Edge Malaysia reported. Slated for completion in late 2023, the tower will contain 870 apartments and such amenities as swimming pools, a gym and a sky deck. Kiara Bay is adjacent to Kepong Metropolitan Park in a town surrounded by mountains. It is being designed as a new township to take shape over 15-20 years, with new infrastructure, a range of product types and services such as auxiliarypolice and buses to nearby mass rapid transit stations. First-phase buyers are expected to be people 35 or younger, as units are smaller and priced from approximately US$144,840-217,260.

The Philippines

Grand Midori Ortigas High Rises Coming to Pasig City

A high-rise development in Pasig City has been launched by Federal Land Inc. and Japan-based Orix Corp., The Filipino Times reported. The two- tower project, named Grand Midori Ortigas, will ofer 810 studio, and one-, two- and three-bedroom foorplans with Japanese-inspired design and aesthetics. Each tower will be 43 stories tall and have three passenger elevators and one service elevator. Amenities will include a tutoring room, a game room, a lap pool, an open lawn and a pool lounge. The towers are expected to be completed by December 2024.

Mitsubishi Electric Distributor Focused on Training

Filipino-owned Mitsubishi Electric elevator distributor International Elevator & Equipment Inc. (IEE) is expanding its partnership with Don Bosco School in Manila, Cebu and Iloilo to train workers as the Philippines undergoes a continued construction boom, the Manila Bulletin reported in November 2019. At the Philconstruct tradeshow that month, IEE President Ramoncito Ocampo said the company plans to have three training areas, observing it has already built a training tower for elevator/escalator installers and donated equipment to train students on air-conditioner installation. Don Bosco students are currently learning to assemble scafolding for elevators, which account for roughly half of IEE’s annual revenue. Ocampo said a steady supply of manpower is essential for sustaining the 10% growth IEE had in 2018. The company sells approximately 1,000 elevators a year and maintains roughly 8,000 elevators.