CRBC completes financial close for US$1.8 billion expressway

China Road and Bridge Corporation (CRBC) has closed financing on a US$1.8 billion expressway project in Cambodia. The financial close of the project was made for the 190-km expressway connecting Phnom Penh capital to the country’s deep seaport Preah Sihanoukville province in March this year. Global law firm Hunton Andrews Kurth provided CRBC with financial […]

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Shanxi Wins Us$42 Million Bid for Siem Reap Angkor International Airport Expansion

China-based construction firm Shanxi Mechanization Construction Group has won a 290 million yuan (about $42.16 million) bid to construction two sections of Siem Reap Angkor International Airport project.

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Bangkok Airways to Invest in Koh Kong Former Airport

Thai-based airline Bangkok Airways is to invest in re-building the former Koh Kong airport in Khemarak Phoumin City soon after the government has given greenlight in the June meeting.

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ARB Berhad to Provide US$100 Million in Iot and It Services for “The City Gate”

Malaysian-based information technology and software solutions firm ARB Berhad is to deploy Internet of Things (IoT) and information technology (IT) services to the ‘The City Gate’

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140-megawatt Solar Power Projects Approved

The government has decided to allow more investment in renewable solar power in response to the increasing demand for energy consumption.

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HYPOTHEC: THE MOST COMMON USED ENCUMBRANCE IN CAMBODIA

by Sciaroni & Associates, Unofficial translated by Construction & Property Magazine Since the introduction of the Civil Code of the Kingdom of Cambodia in 2007, a hypothec has been known as one of the most commonly-used encumbrances for securing an obligation. This short article will briefly discuss the general overview of hypothec, its advantages as […]

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Kampot City to become tourism and agricultural product processing hub

The government has identified Kampot city as one of the most important tourist destinations and an agricultural product collection hub for exports to international markets, while the physical infrastructure in the coastal city remains under construction and development. According to the Urban Planning 2030 plan for Kampot city, the government aims to develop Kampot town […]

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Most Cambodians Are Confused About Using the Word Sangsei, Bangsei, and Eangban

With thousands of years of history and the diversification of wording in the Cambodia language, Cambodians nowadays use different words to define certain things that have the same meaning.

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Preah Sihanoukville province needs sand from other provinces to supply construction sector

With its booming construction sector Preah Sihanoukville province does not have enough quality sand for construction and supply is reliant on it being transported from other provinces. Officials have said that transporting sand from other provinces incurs high transport costs, leading to an increase in sand prices in the province. Speaking at a recent press […]

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Condominium Development Shifts to Affordability After Decrease in Roi on High-end

The development trend in the Phnom Penh condominium market has now shifted toward the affordable segment following a decrease in return of investment on the high-end segment which industry insiders believe is a positive sign for the market. According to the recent Q2 2019 Phnom Penh Market Update report by international real estate agent CBRE […]

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Kingdom’s Premier Architecture and Decor Expo Returns for Biggest Event to Date With a Focus on Smart Living

The Cambodia Architect & Decor Expo wrapped up its fourth annual instalment on Saturday 8 June after an action-packed three days that brought together more than 180 local and international exhibitors,

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Indonesian Government Raises Price Threshold for Tax on Luxury Properties

In an effort to boost its real estate industry, the government of Indonesia is raising the price threshold of luxury sales tax on residential property.

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