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ខ្មែរ 
The 16th PropertyGuru Asia Property Awards Grand Final celebrates the Gold Standard bearers of real estate
- 13 December 2021
THE BEST OF ASIA DISTINGUISHED IN CELEBRATORY VIRTUAL FINALE OF THE 2021 PROPERTYGURU ASIA PROPERTY AWARDS SERIES • Mekong Land Development Co., Ltd. from Cambodia won the title of the Best Breakthrough Developer (Asia) • Country winners from Vietnam, Mainland China, Hong Kong, Singapore, Philippines, Thailand, Cambodia, and Greater Niseko (Japan) collect coveted regional accolades an innovative...
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Phnom Penh Autonomous Port Earns US$30 million in 11 Months
- 13 December 2021
During an 11-month period of 2021, the revenue of Phnom Penh Autonomous Port (PPAP) was at US$30 million, a 14% increase compared to the same period in 2020. According to the PPAP’s report published on 9 December, of total revenue, port operation revenue was at US$24.37 million (up 16% y-o-y), port authority revenue at US$3.23 million in (down 3% y-o-y), revenue from other services at US$300,00...
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Construction of New Road Connecting Steung Treng to Kratie Completed
- 13 December 2021
Construction of a new rural road connecting Steung Treng and Kratie provinces, which was built with the donation from Prime Minister Samdech Hun Sen, has been completed. The road is 15km long and 6m wide, connecting O’Mreah commune to Siem Bok commune in Siem Bok district which is on the border of Kratie province. Steung Treng Governor HE Svay Sam Eang said that the road will play a major ro...
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Construction of PP-SHV Expressway Over 70% Complete
- 12 December 2021
The construction of the 190-kilometre Phnom Penh-Sihanoukville Expressway was 70.93% complete as of November. The updates were shared in an inspection visit led by HE Yit Bonna, Secretary of State of the Ministry of Public Works and Transport (MPWT) on Friday 10 December. Having started construction on March 2019, the road is being built by PPSHV Expressway Co., Ltd., a subsidiary of China R...
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Chip Mong Land Officially Breaks Ground on New Residential Project `Parkland Pochentong`
- 11 December 2021
One of Cambodia’s leading real estate developers Chip Mong Land broke ground on Saturday 4 December on its brand-new residential development project—the Chip Mong Parkland Pochentong—marking the firm’s new commitment to boost the market potential of the Pochentong area. Located in a prime location just 2 minutes from the current Phnom Penh International Airport, the Chip Mong Parkland Pochenton...
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Construction & Real Estate May Not Return to Pre-COVID Level Anytime Soon, says WB
- 10 December 2021
The construction and real estate sector in Cambodia remain under pressure stemming from the COVID pandemic and may not recover to the pre-pandemic level anytime soon, despite the 2022 GDP growth forecast of 4.5%, according to a World Bank report issued on 9 December. The report said that major commercial and residential development projects continued to be impacted by the pandemic. Besides, exc...
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WB: High Credit Growth in Construction & Real Estate Remain Key Risks to Cambodia’s Economy
- 10 December 2021
The high credit growth and concentration of domestic credit in the construction and real estate sector remains a key risk to Cambodia’s financial stability despite the GDP growth rate projection of 4.5% in 2022, according to the latest World Bank report issued on 9 December. The report added that domestic credit in the construction and real estate sector started to pick up in the last quarter o...
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DPM Tea Banh: New National Defence Ministry Equipped with Numerous Unique Features
- 10 December 2021
Deputy Prime Minister and Minister of National Defence Samdech Tea Banh has expressed his pride in the newly completed Ministry of National Defence headquarters, citing that the building is equipped with numerous special features. Not revealing all the features, DPM Tea Banh only said that one of the special functions of the building is the large-scale rooftop helipad, which can allow Z-9 helic...
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Construction Starts on Cambodia’s Largest Biomass Power Plant
- 10 December 2021
Heineken Cambodia has begun the construction of its biomass power plant to generate thermal energy for its brewing process. The company said during the ground-breaking event held on 8 December that the plant will be Cambodia's largest Biomass Power Plant as a key part of the firm’s commitment to Brew a Better Cambodia. Built under a partnership with BECIS, this biomass plant represents an in...
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NR21B Rehabilitation Work in Kandal Province Set for Completion in One Month
- 10 December 2021
The expansion and rehabilitation of the 3km section of the NR21B connecting NR2 junction to Prek Samrong Bridge roundabout in Kandal province is scheduled to be completed in a month. The timeline was confirmed by HE Sun Chanthol, Minister of Public Works and Transport, who led the technical working group to inspect the site on 9 December 2021. HE Sun Chanthol said that the expansion and reha...
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TRIBE to Open Hotel in Cambodia in 2022
- 9 December 2021
TRIBE, part of Ennismore, a global collective of lifestyle brands, is preparing to open a hotel in Cambodia in February next year, becoming its first hotel in Southeast Asia. Named TRIBE Phnom Penh Post Office Square, the hotel has 260 rooms, according to a press release. The hotel will bring a bold design edit to Cambodia’s hotel scene and the wider region as the first TRIBE branded hotel i...
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Study Complete for SHV Port Expansion Project Phase 2 & 3
- 9 December 2021
The Minister of Public Works and Transport HE Sun Chanthol has given full support to the study result of Sihanoukville deep seaport expansion project Phase 2 & 3 that have just been completed by JICA. HE Sun Chanthol provided the feedback during a meeting with Director General of Sihanoukville Autonomous Port HE Lou Kim Chhon on Monday 8 December. According to the result, the port will b...
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