Southern Phnom Penh to become green city and high-end commercial centre
The Phnom Penh city hall master plan (2015-2035) has designated the area south of the capital to be developed into a green city and the most important high-end commercial centre in 15 years, according to a Prince Real Estate statement on their website. Phnom Penh Municipality and the city of Paris conducted a study for […]
Read More
Grade “A” Office Space is able to command higher yield
By Dan Davies (Extract from Dan Davies unpublished Design Review) Introduction The desire and intention of many developers is to provide the leading office space in Cambodia and to be considered as GRADE A, for which they will be able to command higher yield rents by offering high quality and desirable services Classification of Grades […]
Read More
South Korea to increase loans to support infrastructure in Cambodia
During the ASEAN-Republic of Korea Commemorative Summit on 25-25 November in Busan, H.E Prak Sokhonn, Minister of Foreign Affairs and International Cooperation, thanked South Korea for its contribution to infrastructure development by increasing financial loans from US$350 to US$700 million for 2019-2023, according to AKP. During the bilateral meeting, Cambodia and the Republic of Korea […]
Read More
Urban Village wins award for ‘Best Condo Development’ in Asia from PropertyGuru
Urban Village by Urban Hub (Cambodia) Co.,Ltd has been the only Cambodia applicant to win one of Asia’s longest-running and most respected real estate awards, the PropertyGuru Asia Property Awards. Held at The Athenee Hotel, Bangkok in Thailand, the 14th PropertyGuru Asia Property Awards represented major winning titleholders and included the award for ‘Best Condo […]
Read More
SCG, Labor Ministry Launch 2nd National Contractor Competition to Upskill Local Builders
Phnom Penh, Nov 27, 2019 – SCG, an ASEAN leading conglomerate, today kicked off the second SCG National Contractor Competition in collaboration with Cambodia’s ministry of labor and vocational training and a number of leading vocational training schools. Some 40 contractors, selected from among over 200 contractors who took part in provincial rounds of competitions […]
Read More
Draft Law on Land Management and Urban Expected to be Approved next year
Ministry of Land Management, Urban Planning, and Construction is working to accelerate the compiling of the draft law on land management and urban planning to reply to the increasing development of urban, real estate and construction. Speaking at the urban forum on Smart, Sustainable and Inclusive Urban Development on November 27, the ministry’s secretary of […]
Read More
Construction on Transformation of Century Plaza Market Launched
Construction officially started on 27 November for the transformation of Century Plaza market into shopping centre with the project scheduled to be completed in two years. Phnom Penh Governor H.E Khuon Sreng urged the Century Plaza investor to accelerate construction by the end of 2021 as planned so that the vendors can re-enter the market […]
Read More
Company requests approval to invest in Kampot river residential project
Target Estate and Asset Management company has requested in-principle approval to invest in the development of an eco-tourism residential project along the river in the coastal province of Kampot, according to a post on the Kampot provincial administration Facebook page on 25 November. “Target Estate and Asset Management have requested six locations in three communes, […]
Read More
Chip Mong Land to capitalise on high potential of Grand Phnom Penh
Having recently acquired Grand Phnom Penh International City, Chip Mong Land has started to improve the services and infrastructure as well as residential areas to transform the area into a high-potential development area for living and doing business. “The main purpose of Chip Mong Land is to improve our service to our customers to meet […]
Read More
South Korea launches smart city project in Busan with ASEAN leaders
South Korea said they will build the country’s first “smart city” in Busan by 2024, where the infrastructure facilities and massive data collection will be controlled and maintained by the internet of things sensors, according to the Yonhap News Agency, on 24 November. President Moon Jae-in attended the ground-breaking ceremony for the Busan Eco Delta […]
Read More
National Assembly approves draft 2020 budget of US$8.2 billion
The National Assembly of Cambodia unanimously approved a draft US$8.2 billion budget for expenditure in 2020 on Tuesday 26 November, a 22% increase compared to the 2019 budget law. According to the draft budget law, the majority of the budget will go to general administration, national defense, and the social sector. To meet the expenditure, […]
Read More
Thailand’s economic corridor sees residential projects boom
Thailand’s enormous Eastern Economic Corridor (EEC) has seen residential projects achieve a combined value of US$18.4 billion, according to the Government Housing Bank’s Real Estate Information Centre. Reporting on the government data, The Nation newspaper noted that the economic corridor, incorporating the provinces of Rayong, Chonburi and Chachoengsao, now has 30,954 residential projects as of […]
Read More