ISI STEEL Sales Office Relocated to New Standardized Office Tower in Veng Sreng

ISI STEEL, the largest steel processing and distribution company in Cambodia has moved its office to a new location within the recently-completed 9-storey ISI Tower on Veng Sreng Blvd in Po Sen Chey District. The relocation is from the old one located along on Samdech Preah Monireth Blvd., Sangkat Boeung Salang, Khan Toul Kork. The shift to a more-standardized office building demonstrates th...

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Ascott to Open Citadines Serviced Residence in Phnom Penh in March

Ascott Limited will launch a new serviced residence in Phnom Penh— Citadines Flatiron Phnom Penh— this upcoming March, offering a wide selection of rooms and apartments from hotel units to bedroom apartments, the firm said in a press release. The 315-unit apart’hotel is located within the Flatiron by Meridian building, a 41-storey mixed-use integrated development in Boeung Kak comprising of Gra...

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Multi-Million Dollar Samdech Techo Sports Centre to be Built in Pursat

Construction on the multi-million-dollar Samdech Techo Sports Center in Pursat province's Krakor district is set to begin this year. According to the Pursat provincial administration, the stadium project will be built on an area of 25 hectares in Veal Vong village, Sna Ansa commune, Krakor district. The sport centre is being built in response to the growth of sports in Cambodia and to serve ...

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Is Buying Off-plan Property Good Choice in Cambodia?

By Harbor Property When it comes to buying property for investment or a permanent stay, generally you will have three options: 1. Buy project with construction completed 2. Buy under-construction project and 3. Buy off-plan property. Among the above three options, buying off-plan property is the popular method for some buyers due to three main reasons. First, if you purchase off-plan prop...

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Construction of 30km Road Connecting Three Communes in Kampong Cham Set for Completion

The construction of a nearly 30-kilometre road connecting three communes in Kampong Cham province is on schedule and set for completion by the end of 2022, according to a site inspection by Kampong Cham Governor HE Un Chanda on Sunday 13 February. During the inspection, HE Un Chanda asked the technical officers to ensure that the construction is in accordance with the technical standards. He...

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Ground Broken on Large-scale COVID-19 Treatment Centre in Prek Phnov District

The Phnom Penh Capital Administration broke ground on the construction of a new large-scale COVID-19 treatment centre in Prek Phnov district. The construction begins at a time when Cambodia saw increasing cases of COVID-19 infection. The ground-breaking ceremony was presided over by of Chairman of the Phnom Penh Municipal Council HE Mop Sarin and Phnom Penh Governor HE Khuong Sreng on 14 Februa...

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Gov’t Gives Green Light to Hong Kong-SHV Submarine Fibre Optic Cable Project

An inter-ministerial working group has given the green light to the construction of the Hong Kong-Sihanoukville submarine optical cable system, pitching 323.5 km into the Cambodian sea. This approval was made at an inter-ministerial meeting led by the Ministry of Environment to review the Environmental and Social Impact Assessment (ESIA) report for the project. The project also includes the ...

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CCA to Host Online Seminar Promoting Newly Enforced Construction Inspection Regulation

The Cambodian Constructors Association (CCA) will host an online seminar on 28 February to promote the newly-enforced construction regulations. The seminar will touch upon the detailed procedures of how to apply for a construction permit and a certificate of occupancy, as well as the importance of each license. The event also aims to provide up-to-date information on the trends of the developm...

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Expansion work begins for 55km NR8 section from Prek Tameak to Svay Antor

Upgrade and expansion project of NR8 Prek Tamak Bridge- Svay Antor and NR70B has officially begun. The groundbreaking ceremony of the two roads was held on 12 February under the presidency of Dr Aun Pornmoniroth, Minister of Economy and Finance. The renovated NR8 section is 55 km long from the Prek Tamak bridge of Kandal province to Svay Antor of Prey Veng province. The expansion will cost a...

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Renowned Swedish Furniture Brand IKEA Available in Cambodia Next Week

Swedish furniture IKEA brand will be available for sale in Cambodia for the first time next week at SCG Design Village in Sen Sok district. According to SCG Design Village, in the first stage, the presence of IKEA in Cambodia is the sale of IKEA products inside SCG Design Village, without an actual IKEA store yet. However, in the next stage, if the market expands, the company may consider co...

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Mortgaged Amount Reaches US$6.4bn as of December 2021, 26% Rise Y-o-Y

As of the end of 2021, the amount of mortgage loans in Cambodia was recorded accumulatively at US$6.4 billion, accounting for 54.15% of the total consumer loan balance, according to a recent report by the Credit Bureau Cambodia (CBC). This mortgage value represents a 26% increase compared to the accumulative value as of the end of 2020. The report added that mortgage loan applications as of ...

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Cambodia Requesting UNSECO to List Koh Ker Temple as World Heritage Site

The Cambodian government is requesting the UNSECO to include Koh Ker temple in the UNESCO World Heritage List and Intangible Cultural Heritage List. Minister of Culture and Fine Arts HE Phoeurng Sackona said on 9 February that the request has been submitted and Cambodia is waiting for the result. The request was submitted along with two others including Khmer noodle (Nhnom Banchok) and Bokat...

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