A new era in the Phnom Penh housing market
By Eric Wong Chon Lap The condominium market in Phnom Penh has slowed recently due to the accumulation of unsold stock and surge in supply. This has caused buyers to be more careful, resulting in less demand from speculators and more emphasis on real demand from the end-users. This explains why many developers are shifting […]
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Two more pedestrian overpass projects planned for Phnom Penh
Phnom Penh Municipality has prepared to break ground in October on construction of two pedestrian overpass projects in Phnom Penh to offer safe passage to pedestrian commuters and avoid traffic accidents. Mr Sam Piseth, director of Public Works and Transport Department for Phnom Penh, said that ground will be broken on construction of the two […]
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Multico helps deliver seminar on new road maintenance technology to Cambodia
The appointed dealer for Wirtgen products in Cambodia Multico MS (Cambodia) Co. Ltd helped deliver a one-day seminar on 01 August on a new road maintenance technology called In-Place Recycling to Cambodia as the country campaigns to improve its road quality. Held at the Ministry of Public Works and Transport (MPWT), the seminar was co-organised […]
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Why does Cambodia need to draft construction law?
The Ministry of Land Management Urban Planning and Construction (MLMUPC) has drafted a law on construction, which was endorsed by the Council of Ministers in August. But why does Cambodia need to draft the law on construction? The 31-page draft construction law is divided into 22 chapters and 113 articles and was initially compiled in […]
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Land ministry announces land use master plan 2035 for Siem Reap
The Ministry of Land Management Urban Planning and Construction (MLMUPC) published the land use master plan 2035 for Siem Reap on 20 September which will serve as a basis for the land management and development direction of the province. Base on this master plan vision, the government will design and develop ‘Siem Reap City as […]
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Phnom Penh Mega Mall set to open in 2020
The Phnom Penh Mega Mall along the Russian Boulevard has opened for tenants to move in with the officially opening set for 2020. Phnom Penh Mega Mall is a 10-storey building with a total construction area of more than 100,000 square metres and is being developed by Hassan Cambodia Development Co., Ltd. Mrs Ann Sothida, […]
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Ground broken on 32-storey Tax Tower in Chroy Changvar Satellite City
The General Department of Taxation (GDT) broke ground on 19 September on its new 32-story tax building in Chroy Changvar Satellite City which will be a new landmark in Phnom Penh. Construction began after the GDT purchased the land from the Overseas Cambodian Investment Corporation (OCIC) to build the US$60 million building. (Read more) According […]
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300,000 condo units needed by 2030
With the lifestyles of the capital’s residents witnessing changing trends particularly among the younger generation, and while the prices of landed houses have increased, key real estate insiders say the demand for condo units will increase over the next five to ten years. Real estate experts say the current demand for condos in Phnom Penh […]
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The growth of co-working spaces in the office market
By Eric Wong Chon Lap For most occupiers in the Phnom Penh office market, the typical way of leasing office premises is a traditional lease with options to renew and the tenant fitting out the space. Multinational firms and new local startup firms, however, are increasingly looking for flexible lease terms as real estate costs […]
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Chint Group plans to build electrical components factory for the energy sector
China-based electrical components manufacturer Chint Group plans to set up a factory in Cambodia to serve the energy sector, according to a Facebook post by Prime Minister Samdech Techo Hun Sen. The plan was announced during a meeting between Samdech Techo Hun Sen and the Chairman of the Board of Directors of Chint Group on […]
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Olympia Mall set for 2nd phase in 2020 to attract 50,000 visitors daily
Cambodia’s leading developer Overseas Cambodia Investment Corporation (OCIC) will expand its Olympia Mall in 7 Makara district in 2020 hoping to attract around 50,000 visitors daily. Following the success of the launch of the first phase in June 2019, OCIC is constructing a second phase that will bring the total floor area to 12,000 square […]
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Understanding the Phnom Penh AGT development project
As Phnom Penh’s population continues to grow and the city is becoming busier, the government has been looking for solutions to overcome traffic congestion including the development of an automated guideway transit (AGT). According to a recent project review report Construction & Property Magazine received recently, the government plans to spend about US$1,843 million to […]
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