Daily Newsletter

27 September 2023

Daily Newsletter

27 September 2023

Bertone breaks ground on Kalm rental project

The development's first units are set to be delivered in 2025.

Archana Rani September 26 2023

Canadian real estate investment and development company Bertone Development has started construction of Kalm, a 225-unit rental real estate project in Candiac, Canada.

Located in close proximity to the Candiac train station, the eight-storey building will comprise rental units that will range from one- to three-bedroom apartments and include two-storey townhouses.

The project is part of the transit-oriented development district in the city and is being built nearby to the 110-unit Danaus condominium project, which was initiated earlier this year.

The Kalm project is being jointly designed by NEUF Architects and Metaphore Design. The development’s first units are planned for delivery in 2025.

The building will feature a boutique, hotel-style lobby. It will also comprise a fully equipped fitness centre, remote work and coworking spaces, a lounge, as well as an outdoor swimming pool and a ‘magnificent terrace’.

Bertone co-founder Michael Bertone said: "This prestigious project has been designed to create an ideal living environment for its residents. The many common areas and green spaces are what make Kalm an exceptional place to live.”

South-East Asia Construction Market Dynamics

Per GlobalData analysis, the South-East Asia construction industry in 2023 is dominated by Indonesia, though the country will see a slowdown compared to 2022 due to elevated building material prices, weak commercial property demand, high interest rates and a softening of external demand. The construction industry in the Philippines is estimated to register a AAGR of 7.2% between 2024 and 2027, supported by the government’s focus on the development of the country’s rail and road transport and energy infrastructure.

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