Fewer Occupants Seen in Rental Shophouses
By Eric Wong Chon Lap Many shophouses have signs looking for new tenants, as the commercial real estate market in Phnom Penh feels the brunt of COVID-19 which has brought a sharp decline in investment volumes and rental prices. Shophouses in Cambodia are usually 2-3 storey buildings together with ground floor spaces, usually rented out […]
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Bentley Systems’ Acceleration Fund Announces the Launch of Virtuosity, a Bentley Company
Photo: Allan Murphy, Virtuosity CEO Bentley Systems, a leading global provider of comprehensive software and digital twins services for advancing the design, construction, and operations of infrastructure, on July 9 announced that its Acceleration Fund has invested in launching Virtuosity, a Bentley company. Virtuosity exclusively offers Virtuoso Subscriptions that bundle — with a Bentley infrastructure […]
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The Process of Title Conveyance for Land with Soft and Hard Title
Transferring ownership is the basic yet necessary procedure after purchasing or selling any real estate. To avoid dispute, both the seller and the buyer are required to know the procedure. How to legally perform title transfer? What are the essential steps? What are the similarities and differences between soft title and hard title when transferring? […]
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Urban Village Signs MoU with GRA to Boost Sales Amid COVID-19
Urban Village signed a memorandum of understanding with the Global Real Estate Association (GRA) on 14 September to strengthen its sales amid the COVID-19 crisis. Founder and CEO of Urban Village Real Estate Development Company Mr Ben Li told Construction & Property Magazine that, “The MoU will allow GRA to focus on Urban Village Condo Sales and […]
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Construction of Kampot International Tourism Seaport Delayed
Construction of the Kampot international tourism seaport will not meet the completion deadline as planned due to the impact of COVID-19. According to the Ministry of Tourism, the new deadline for construction completion has been reset to late 2021. “Currently, the construction work is about 30% complete. Due to the COVID-19 pandemic, the completion date […]
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Kampot Studying Centralised Administrative Area and New Stadium Project
Sample Picture Cambodia Prime Minister Samdech Hun Sen has ordered the Kampot Provincial Administration to study the feasibility of organising a centralized administrative area and constructing a new stadium in the province. Kampot Governor Cheav Tay said on 12 September that the team is actively working on this request, and the result will be presented […]
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New road connecting Toul Kork to Boeung Kak opened for public use
The Phnom Penh Administration on 13 September opened a new road connecting Road 283 around the Toul Kork Dam to the Boeung Kak area in Daun Penh district. The new road is an AC paved 20-metre-wide road which has been under construction since 2019. Director of the Department of Public Works and Transport Mr Sam […]
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HLH Group Acquires 1.2-hectare Plot in Toul Kork for New Mixed-Use Development
Public Housing Development (Cambodia), a subsidiary of real estate firm Hong Lai Huat (HLH) Group, has inked a deal with Lao Channara to acquire a 1.2-hectare land plot in Toul Kork district for its new mixed-use development. According to The Business Times, the two firms entered an agreement on 11 September, with a purchase price […]
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Cambodia Urges US firms to Invest in Infrastructure Development
Minister of Public Works and Transport HE Sun Chanthol has urged US construction firms to invest in infrastructure development in Cambodia. This proposal was made during an official meeting between HE Sun Chanthol and US Ambassador to Cambodia Patrick Murphy on 11 September. HE Sun Chanthol stated that there are currently many projects under construction, […]
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Bentley Systems Announces Launch of The Cohesive Companies, Advancing Infrastructure Digital Twins
Photo by: researchgate Acceleration Fund of Bentley Systems on July 13 launched The Cohesive Companies, a wholly-owned subsidiary, anchored by the acquisition of Atlanta-based Cohesive Solutions. The new business venture will include the services team from Bentley’s AssetWise business and the offerings of Bentley, Cohesive, and IBM’s Maximo to support the digital transformation of infrastructure […]
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Thailand Transforming 72 Prisons Nationwide into Tourist Destinations
Photo from: Chiangrai Times Thailand is transforming 72 prisons, or almost half of the total number of prisons nationwide into tourist attractions, reported the Chiangrai Times in late August. Those designated prisons will accommodate tourists with a wide range of activities such as cooking competitions, handicraft shops made by inmates, and others to help unleash the inmates’ […]
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ADB Provides US$128-million Loan to Expand Cambodia’s Electricity Grid
The Asian Development Bank (ADB) has provided a US$127.8 million loan to expand the power grid in Phnom Penh and three other provinces in Cambodia, according to Xinhua Net on 11 September. The project includes building four 115-230 kilovolt transmission lines and 10 substations in Phnom Penh, Kampong Chhnang, Kampong Cham, and Takeo. ADB Country Director for […]
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