Cambodia real estate market sees slight slowdown in Q1 2020, expected to worsen in Q2: CBRE
The real estate market in Cambodia was robust at the beginning of 2020. According to data from the Ministry of Land Management, Urban Planning and Construction, a total of 728 projects with an estimated value of US$2 billion were approved for the first two months of 2020. This number indicates a growth of 47% compared […]
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New Siem Reap-Angkor International Airport (AIAI) to finish as planned, despite aviation decline
Construction of the new Siem Reap-Angkor International Airport (AIAI) is scheduled for completion in 2023, despite the slowdown in the aviation sector due to the outbreak of the COVID-19 pandemic which has affected the construction of some new airports, coagulating airfreight, and caused a massive decline in air travelers. The schedule for completion was announced […]
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Singapore’s Changi airport to suspend operations on Terminal 4 from 16 May
Singapore’s Changi airport will suspend operations for the second time from 16 May at Terminal 4 following the suspension of operations at Terminal 2 at the beginning of May. According to a Changi Airport press release on 12 May, Terminal 4 operations will be temporarily suspended from 16 May 2020 due to a sharp decline […]
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7-Eleven stores in Cambodia asked to stock 50% of locally sourced products
Cambodia’s ambassador to Thailand, H.E Ouk Sophorn, has requested CP ALL, the franchise holder of 7-Eleven stores in Cambodia, to use Cambodian staff and stock 50% of its products from Cambodia. The request was made by H.E Ambassador Ouk to Mr. Chhairoj Tiwatmunchareoun, Senior Vice President, CP ALL Plc. and Director of CP All Cambodia […]
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5th PropertyGuru Cambodia Property Awards moves forward with rescheduled dates for 2020 season
The biggest, brightest celebration of developers and developments in Cambodia to be staged in August • General public still encouraged to submit nominations until 22 May 2020, with a black-tie gala dinner to proceed on 7 August at the Sofitel Phnom Penh Phokeethra • Logo rights will be extended for Winners and Highly Commended nominees […]
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Construction on Kampong Speu international standard stadium to begin in May
Construction on an international standard stadium in Kampong Speu worth approximately US$2 million will begin next week as the project plan study has been recently completed according to H.E. Vy Samnang, Kampong Speu Administrator, in an interview with Construction & Property Magazine on 11 May 2020. “Before choosing a plan, we have to study other […]
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Construction on Kampot International tourist port project behind schedule
Construction on the first tourist international port project in Kampot is currently significantly behind schedule with only 30% complete given that the whole facility was set to open in April 2020. The delay is another impact of COVID-19 with the construction company requesting a temporary postponement according to Mr. Soy Sinol, Chief Department of Tourism […]
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Hyatt Regency Phnom Penh completed around 97% and to be open in the next few months
“As of this moment, we are almost finished with the construction component of the hotel. It is approximately 97%. The final fit-out is ongoing, interior works, décor and artwork, loose furniture, spa, and other similar areas,” according to Mr. Simon Dell, Senior Vice President of Hotels and Hospitality of Chip Mong, commenting on the construction […]
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Kampot major deep seaport plans progress
The construction of a massive deep seaport project in Kampot province starts is progressing with the docking space and seaport entrance complete, according to Mr. Soy Sinol, Deputy of Kampot Tourism Department, at a press conference on “Progress and Continuing Direction of Kampot Provincial Administration” on 08 May 2020. “This port is invested in by […]
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7-Eleven franchise to open in Cambodia
Since May, the opening of a 7-Eleven franchise in Cambodia has been a hot topic and subject to analysis by experts at the Thai stock market. “CP All, Cambodia has received a 7-Eleven business contract in Cambodia, which can be said to be a very positive thing for CP,” said Three Thip Wongsaengphaibun Senior Director, […]
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GMAC issues appeal letter requesting landlords to reduce rental fees by 30%
The Garment Manufacturers Association in Cambodia (GMAC) issued a formal letter on 08 May 2020 appealing to landlords who lease premises for all garment, footwear, and travel bag industries in Cambodia to reduce their rental fees by at least 30% for 3-6 months given the severe impact of COVID-19 on the sector. In its appeal […]
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MPWT: Phnom Penh-Sihanouk Expressway construction continues smoothly despite COVID-19 and geographical challenges
The Phnom Penh-Sihanoukville expressway construction project continues smoothly despite some challenges in terms of geographical factors and the COVID-19 pandemic, thanks to the Ministry of Public Works and Transport (MPWT) cooperating well with relevant institutions and workers’ efforts to get the job done on schedule. This explanation was given by H.E Kong Vimean, Deputy Secretary […]
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