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ខ្មែរ 
Cambodia Produces Over 8.5 Billion Kilowatt-Hours of Electricity in 2020
- 8 April 2021
Cambodia produced over 8.5 billion kilowatt-hours of electricity through various power plants such as coal-fired and hydropower plants over the course of 2020, a slight decrease of approximately 1.87% compared to 2019, according to Prime Minister Samdech Hun Sen’s recent keynote issued on 5 April. He added that the number of houses connected to the grid has increased to about 2.91 million, or a...
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Old Monivong Bridge Closed for 3 Days for Repairs
- 8 April 2021
The old Monivong Bridge will be temporarily closed for three days for new pavement works, according to a Phnom Penh Municipality announcement on 07 April. The traffic closure starts from 8am on 08 April until 10 April 2021. Therefore, the traffic will be diverted to the new Monivong Bridge, in both directions. The renovation of the old Monivong Bridge is almost completed. Besides paving, the...
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Special Features Making PP-SHV Expressway a Green Development Project
- 7 April 2021
Xinhua Net has recently reported that the under-construction US$2 billion Phnom Penh-Sihanoukville Expressway could become one of the greenest infrastructure projects in Cambodia due to three special features. 1. Eco-friendly Technology At the quarry site, the company installed dust collectors to suck out the dust and store it in a sewage sedimentation tank. After the process, the area can als...
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Four New Malls Open in Q1 2021 Despite Recent Community Outbreak
- 7 April 2021
During the first three months of 2021, four new malls have completed construction and started operations, despite the market being hit hard by the current COVID-19 community outbreak, according to a recent report by CBRE Cambodia. Those new malls include Green Avenue in Sen Sok, TK Central in Toul Kork, View Park Mall in Duan Penh, and Boeung Snor Food Village in Chbar Ampov. These four added o...
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Oversupply, Liquidity Reduction, and Construction Delays Pose Greatest Threats to Real Estate Market in 2021
- 7 April 2021
Among other projected risks, oversupply, reduction of liquidity, and construction delays have been the top three concerns that pose greatest threats to the real estate market in 2021, according to CBRE Cambodia’s recent survey. The survey also listed out other risks such as the threat of international sanctions, lack of infrastructure capacity, domestic regulatory change, construction disasters...
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Borey Market Sees 15% Price Reduction in Past Six Months After Staying Robust for Over a Year
- 7 April 2021
The average quoting sales prices of borey units, or landed property, has seen a 13% to 19% price reduction across the different housing formats during the past six months between Q4 2020 to the end of Q1 2020, according to CBRE Cambodia’s recent Market Overview report. This change is considered the most significant observation by CBRE, indicating that the borey sector is no longer immune to COV...
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Q1 2021 Market Overview: How has the Recent Urgent Surge in Community Outbreak Affected the Market?
- 6 April 2021
The real estate market in Q1 of 2021 remains under pressure from the COVID-19 pandemic. Although most experts have forecasted that the market will experience a fast-paced recovery in 2021, the recent surge in the community outbreak has led the market to a further unpredictability, according to CRBE Cambodia’s recent report. The report entitled Q1 2021 MarketView stated that oversupply is still ...
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Cambodia Urges ADB to Focus on Cross-Border Facilities to Boost Logistics
- 6 April 2021
The Ministry of Public Works and Transport (MPWT) has urged the Asian Development Bank (ADB) to focus its development on cross-border facilities to help improve the logistics sector between Cambodia and neighbouring countries. The proposal was made during a working meeting between the MPWT and the ADB on 06 April. MPWT Minister HE Sun Chanthol said that the development of the cross-border ar...
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Phnom Penh Monorail Feasibility Study Complete, Subway Option to Follow Next Month
- 6 April 2021
The feasibility study of the monorail project has been completed, while the study of the subway option is scheduled to be completed in the next month, according to Public Works and Transport Minister Sun Chanthol this morning. During the meeting with the Asian Development Bank (ADB), HE Sun Chanthol said that the ministry also requested the ADB to help review the results and develop strategies ...
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Telecoms Ministry Issues Four New Guidelines for Borey & High-Rise Project Owners
- 6 April 2021
The Ministry of Posts and Telecommunications has issued four new guidelines for borey and high-rise project owners to follow, to strengthen the quality of telecommunication services in Cambodia. According to the recent announcement by the ministry, the four new orders include: 1) Borey or high-rise building owners must not enter into an exclusive contract with any telecommunication service c...
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Gov’t Approves Two Investment Projects Worth Over US$12 Million in Kandal and Sihanoukville
- 5 April 2021
The Council for the Development of Cambodia (CDC) has officially approved private firms to invest in building two factories, worth a total budget of approximately US$12.6 million in Kandal and Sihanoukville. The first investment permit has been granted to MCBAG Co., Ltd to invest US$3.5 million in building a bag production factory in Bek Chan Commune, Angk Snuol District, Kandal. Another per...
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Lennar Named #1 Homebuilder Worldwide on FORTUNE Magazine’s 2021 List of ‘World’s Most Admired Companies’
- 5 April 2021
Lennar Corporation, the leading homebuilder in the United States has been named #1 Most Admired Homebuilder on FORTUNE Magazine’s 2021 List of World’s Most Admired Companies. “This recognition is a testament to the extraordinary efforts and dedication of all Lennar Associates in delivering exceptional quality homes while providing an excellent customer experience,” said Stuart Miller, Executive...
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