Population Growth & Modern Living Trend to Boost Demand for Condos, says Expert
The condominium market in Cambodia, which is currently heavily reliant on foreigners, will be supported by local customers due to population growth and the trend of living in modern housing. Executive Vice-President for the Cambodian Valuers and Estate Agents Association (CVEA) said if the developers establish the right price, size, and style to match the […]
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Pandemic Guides Cambodian Real Estate Sector to Shift Toward Sustainability
A prominent real estate expert has predicted that the real estate sector for 2022 and beyond will continue to grow slowly but in a more sustainable direction despite the ongoing COVID-19 pandemic. This slow but continuous growth is due to the market adapting and turning its focus on the local market, which is where demand […]
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Local Firm LSCG Wins Bid to Install 70MW Solar Power System at New PP Airport
Local firm LSCG Real Estate Co., Ltd has won a bid to install a 70MW solar power system at the new Techo International Airport. According to LSCG CEO Ly Sokchhay, the contract agreement was signed on 22 February with an investment value of US$168 million. “The project is the cooperation between our partners in China. […]
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PM Hun Sen Encourages Malaysia to Invest in Cambodia’s Construction & Real Estate Sectors
Cambodian Prime Minister Samdech Hun Sen has encouraged Malaysian investors to take part more in the construction, real estate, and other potential sectors in Cambodia, citing that total Malaysian investment in Cambodia currently ranks third. Addressing a joint press conference with Malaysian Prime Minister Datuk Seri Ismail Sabri Yaakob on 24 February, PM Hun Sen […]
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Accor to Launch First Ibis Budget Hotel in Cambodia in July
Accor, a world-leading hospitality group, is preparing to open its first Ibis Budget hotel in Phnom Penh in July 2022. Named Ibis Budget Phnom Penh Riverside, the 322-key hotel will incorporate the signature Ibis Budget concept boasting contemporary design across its rooms and public areas. Ibis Budget Phnom Penh Riverside will be strategically located in […]
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Construction on New US$10 million Beachfront Concrete Road in Kep to begin in March
The Kep Provincial Administration will break ground on the construction of an 11km beachfront road in Kep city on 1 March. Kep Deputy Governor Vov Sokha chaired the meeting on 24 February with relevant officials to prepare for the ground-breaking ceremony. Built with a US$10 million loan from the Asian Development Bank (ADB), the road […]
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Korean-Style Forest Park to be Established Near Angkor Wat
A Korean-style forest park will be established near Angkor Wat using South Korean forest management technology. The Korea Forest Service held the first plenary session for the Korea-Cambodia joint operating committee online on Tuesday 22 February. The park will be set up at a location near Angkor Wat, which will take 30 minutes to reach […]
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Techo Westerdam Tourism Park to be Built in Sihanoukville
The National Committee for Clean City Assessment of the Ministry of Tourism plans to establish Techo Westerdam Park in Sihanoukville to attract tourists and commemorate the cruise disembarkment in 2020. The committee has set up a technical working group to study the development of the Westerdam Tourism Park in Sihanoukville, according to a statement issued […]
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Inter-Ministries, WB to Establish Standardised Solid Waste & Plastic Management in 5 Cities
The Ministry of Interior has partnered with the Ministry of Economy and Finance, the Ministry of Public Works and Transport, the Ministry of Environment and the World Bank to study and develop a project to improve solid and plastic waste management in Cambodia. The project will be implemented with a US$60-million budget funded by the […]
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Port EDI system testing over 90% complete, to put into real use by August
As of this February, the Port EDI system testing procedure phase 1 has been over 90% completed and will be put into real operation by August this year, according to the following up meeting on 22 February Secretary of State of the Ministry of Public Works and Transport HE Ros Vanna said in the meeting […]
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AC & Concrete Roads Account for 50% of Over 18,000 km Roads Built
The Ministry of Public Works and Transport has built a total of 18,125 km of roads across the country, of which more than half are AC and concrete roads. The figures were shared by Minister and Minister of Public Works and Transport HE Sun Chanthol in the Transport Committee Meeting held virtually on 23 February. […]
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Gov’t to Help Resume Development of Unfinished High-Rise Buildings in SHV
The Cambodian government has set out a plan to help attract new investors to continue the development of unfinished high-rise buildings in Sihanoukville that were affected by the COVID-10 pandemic in the past two years. The remark was made by HE Vongsey Visoth, Permanent Secretary of the Ministry of Economy and Finance in a public […]
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