400-Megawatt Power Plants in Lvea Em District Start Turbines
The US$380-million 400-megawatt fuel-fired power plants in Lvea Em have started power generation and been linked to the national grid since earlier this year, according to the spokesman of Ministry of Mines and Energy HE Victor Jona on 12 January. HE Victor Jona said the operation is in response to the high demand in the […]
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U.S. Real Estate Investment Opportunity for International Buyers
Golden Gate Global, an award-winning real estate investment firm headquartered in San Francisco, CA, is pleased to announce the offering of a brand new opportunity, facilitating U.S. real estate purchases for international buyers across 75 of the most attractive U.S. markets. According to Steven Kay, Founder and Co-CEO of Golden Gate Global, “In conjunction with […]
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Newly Opened Factories Double Number of Closed Factories in 2020
A total of 221 factories opened and only 100 factories shut down over the course of 2020. This demonstrates a strong economic status and investor’s confidence in Cambodia despite COVID-19 pandemic, according to the Ministry of Industry, Technology, Science, and Innovation (MITSI). HE Heng Sokkong, Secretary of States of MITSI, said that as of December […]
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Chip Mong Land Vows to Transform Chroy Changva into a New Civilized City
Chip Mong Land, one of the Cambodia’s leading real estate developers, has vowed to transform Chroy Changva district, especially the area along National Road 6A, into a new civilized city, with their Park Land 6A development. With extensive development experience, Chip Mong Land has always and will continue to provide clients with high-quality housing projects […]
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Mondulkiri Great Potential Investment Target Though High-Risk, says Analyst
A local real estate analyst has explained how Mondulkiri is a great potential investment target for future high returns, yet investors must be very cautious as the location comes with both opportunities and risks. Mr Sorn Seap, Founder and Director of Key Real Estate Co., Ltd., told Construction & Property Magazine that Mondulkiri is an […]
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MPWT to Establish Cambodia’s First Public and Transport Skills Training Institute
The Ministry of Public Works and Transport has partnered with the Institute of Technology of Cambodia (ITC) to establish the first Public and Transport Skills Training Institute in Cambodia, focusing on road and bridge construction skills. The MoU signing ceremony was held on 12 January under the presidency of HE Sun Chanthol, Minister of Public […]
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Construction of 700-megawatt Coal-Fired Power Plant in Preah Sihanoukville on Course
Construction of the US$1.3-billion 700-megawatt coal-fired power plant in Stung Hav district of Sihanoukville is still on course as planned, although the world and Cambodia have been hit hard by the COVID-19 pandemic. HE Victor Jona, Director-General of Energy and spokesman for the Ministry of Mines and Energy, said that the firm has followed its […]
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China Building World’s Largest Electric River Cruise Ship
Chinese firm, Wuxi Saisiyi Electric Technology, is currently building an electric river cruise ship, named the Yangtze River Three Gorges 1, which is poised to become the world’s largest of its kind after completion. According to insideevs, the project was announced in December and will be launched in July and enter service in November 2021. […]
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What Types of Investors are You, and What Property Investment Bests Fits Your Trait?
Given the economic downturn caused by the pandemic, even if you have plenty of cash on hand, you also need to be very cautious when it comes to investing in real estate. Founder and Director of Key Real Estate and well-known real estate expert in Cambodia Mr Sorn Seap pointed out that you need to […]
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Chinese Firm to Build a New Larger Road Connecting Siem Reap City to New Airport
Chinese-owned firm Siem Reap-Angkor International Airport has unveiled plans to build a new 60km road, linking the airport to the Siem Reap city. To date, the firm has just completed the impact resettlement with the affected community. Deputy Governor of Siem Reap province Ly Samrith said that the new road will be built to ease […]
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Real Estate Price in Recent Flood-Affected Areas to Decline Sharply for Two Years, says Expert
A local real estate expert has said that the price and the sale and purchase transactions of real estate projects in the south of Phnom Penh, which were hit hard by floods in October last year, will drop significantly for at least one or two years. However, it is expected to recover after the government […]
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CBRE: Cambodia’s Real Estate Market to Recover by 60% in 2021, but Lower Than 2019 Baseline
Managing Director of CBRE Cambodia Ann Sothida predicted that Cambodia’s real estate market will improve by 60% in 2021 compared to 2020 but is expected to be lower than the 2019 baseline. Ms Sothida told Construction & Property Magazine on 08 January that 2021 will be a better year but not as good as it […]
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