Constructions along Mekong riverbank at risk of collapsing due to excessive sand mining
Geo-environmental researchers have recently revealed that Mekong riverbanks, especially in Cambodia, are prone to collapsing due to the excessive sand mining driven by the high demand for sand in the construction sector. According to the report by The Science Times, the research team from the University of Southampton discovered that sand mining is the leading […]
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Phnom Penh goes green: More than 400 green projects logged in Q4 2019
With the ultimate goal of building a more sustainable city, a number of real-estate developers have been moving toward greener projects, with 405 net green projects recorded in Phnom Penh in Q4 of 2019, according to CBRE Cambodia. According to a report released by CBRE on 16 January, those green projects include hotels, retails, offices, […]
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Condo supplies projected to grow at 55% in 2020: CBRE
CBRE, a leading commercial real estate services and investment firm, has projected growth of condominium unit supplies at 55% in 2020, thanks to strong growth in the construction sector in 2019 and the newly approved construction law which builds confidence in the future quality of buildings and condos. CBRE’s report issued on 16 January stated […]
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Investing in international real estate
The idea of investing properties abroad is not new and has always proven to be popular among wealthy Cambodian buyers due to many reasons, for example; the high standard of education offered in the city, good public transportation, being a leading tourist destination, favourable time zone, strong legal structure, a property safe haven etc. Furthermore, […]
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Government accelerates study on National Road 10 construction
National Road Number 10 linking Samlot in Battambang province, Veal Veng in Pursat province and Koh Kong province is scheduled for construction in 2020, as the inter-ministerial working group has accelerated the planning study. According to a report from the Ministry of Public Works and Transport, National Road Number 10 is part of the infrastructure […]
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All Eyes on Russian Boulevard
A wide road, colleges and universities, a series of upcoming office buildings and other amenities, close proximity to Phnom Penh International Airport and easily accessible to all the major thoroughfares
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Mine Exploration License Opens for Public Bidding
Ministry of Mines and Energy announced it opens for application for public bidding on the mine exploration licenses in eight areas. According to announcement dated on January 10, the eight areas cover cumulatively 1,390 square km in provinces of Stung Treng, Preah Vihear, Kompong Thom, Siem Reap, and Mondulkiri. The ministry stated local and international […]
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Construction professionals requested to properly implement construction law
The Ministry of Land Management, Urban Planning, and Construction has called for the full implementation of the construction law by professionals in the construction sector. The call was made after the cases of collapsed buildings in Kep province and Preah Sihanouk and a pagoda building collapse in Siem Reap province. Speaking at the dissemination workshop […]
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Investment on Waste to Energy Boosted
The Royal Government of Cambodia has boosted investments on converting solid waste to energy which is part of urban solid waste management while amount of solid waste increases year by year. Attracting investment on waste on energy is stated in the draft of policy on urban solid waste management for 2019-2028 which is currently being […]
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Government agrees new airport investment project in Koh Kong province
A new airport investment in Koh Kong province has been approved by the Royal Government of Cambodia, allowing investors to build an airport in Mondul Seima district. According to an announcement from the Council of Ministers released on January 13, the government has approved the airport investment on between 400 and 600 hectares to be […]
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Design of new US$1.5 billion Phnom Penh International Airport 60% completed, construction nears
The architectural design of the US$1.5 billion New Phnom Penh International Airport in Kandal province is now 60% completed with construction coming near, according to Cambodia Airport Investment Co.,Ltd. Speaking to a group of Japanese investors on 9 January at the Canadia Tower, Mr Yee Con Long, a member of the project steering committee of […]
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Operating a hotel through a lease agreement or a hotel management agreement
When deciding to develop and operate a hotel, the parties may enter into a lease agreement or a hotel management agreement. Both have advantages and inconveniences. A study of the Cambodian market indicates significant growth in the number of tourists visiting Cambodia, leading to a significant development of the hospitality sector in Phnom Penh, Siem […]
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