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ខ្មែរ 
U.S. Seeing More International Buyers Snap Up Great Deals
- 20 February 2021
Foreign Real Estate Transaction Trends in the United States International buyers of U.S. residential real estate account for a significant 5% of total residential real estate purchases, with top geographies for international buyers including Florida, California, Texas, New Jersey, and New York. The average price foreign buyers pay for a U.S. home is $300,000, which many buyers have found highly...
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UNESCO Voices Concerns Over NagaCorp Resort in Siem Reap Affecting Angkor Wat
- 19 February 2021
UNESCO has voiced concerns that the US$350-million ‘non-casino resort' by NagaCorp could cause negative impacts on the World Heritage site of Angkor Wat, although the firm claimed the site location is outside the protected zone. UNESCO issued a statement on 17 February stating that the plenary session of the International Coordinating Committee for Angkor (ICC) addressed this project with parti...
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Transport Minister Orders Construction Firm to Speed up Work on NR2 and 22 Renovation
- 19 February 2021
Minister of Public Works and Transport HE Sun Chanthol has requested the construction firm to speed up work on the NR2 and 22 renovation project, as the current completion is only 27%, almost 50% behind schedule. HE Chanthol said during a site inspection on 09 February that the total construction period of these two roads is 30 months. However, only 27% is completed after 15 months which is far...
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Large-Scale Borey to Rise in Prey Sar, Dangkor District
- 19 February 2021
Advertorial: Borey Peng Im 2 has been officially launched and opened for sale from 19 February onward, adding more residential supply to the newly-developed area of Dangkor district. Spread over 3 hectares, the project comprises of 245 houses, divided into three types: shop house, hybrid villa type B, and type C. According to the project manager Mr Pen Nak, investing in property with...
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Wyndham Hotels & Resorts Open First Five-Star Hotel in Sihanoukville
- 19 February 2021
Five-star international brand hotel Howard Johnson Plaza by Wyndham Blue Bay Sihanoukville has been officially opened along Independence Beach, according to PR Newswire. This is the very first time that Wyndham Hotels & Resorts, the leading provider of hotel management services with over 8,900 hotels across nearly 95 countries, opens a hotel in Cambodia. Howard Johnson Plaza by Wyndham B...
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Huge New Affordable Housing Project Proposal Under Review in Kampong Chhnang
- 19 February 2021
A huge new affordable housing project proposed for Kompong Chhnang city is currently under review by the Ministry of Land Management, Urban Planning and Construction. The proposed 22-hectare site is located in Phsar Chhnang commune in Kampong Chhnang city and was recently inspected by the technical team led by Director of the General Department of Housing HE Khemro Beng Hong Socheat on 18 Febru...
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Construction of US$2 million Kampong Speu Stadium to Start Sunday
- 18 February 2021
Ground will officially be broken on construction of the US$2 million international standard stadium in Kampong Speu on 21 February under the presidency of National Assembly member for Kampong Speu province HE Hun Many. Kampong Speu Governor HE Vy Samnang said that this weekend is the groundbreaking ceremony for the actual stadium. Meanwhile, the groundbreaking in 2019 was just for the entrance ...
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Malaysian, Japanese Partnership Bag US$41million EDC Contract to Develop Phnom Penh Power Infrastructure
- 18 February 2021
PESTECH Sdn Bhd partnered with a Japanese firm Furukawa Electric Co Ltd recently secured a contract from Electricite du Cambodge (EDC) to implement two power transmission projects in Phnom Penh worth over US$41 million. According to an announcement by the firm, the contract is for two major projects including the Phnom Penh City transmission and distribution system expansion project phase 2 (I)...
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Gov’t Designates Over 3,000 Hectares of Land in Prey Veng Province as Mixed-Use Protected Area
- 18 February 2021
The Cambodian government has designated over 3,000 hectares of land in 4 districts of Prey Veng province as a mixed-use protected area, according to Sub-Decree No.16 and No.17 dated 05 February 2021. Located across parts of Prey Veng City, and Svay Antor, Peam Ro and Ba Phnum districts, the area is known as Toul Taley Beoung Sne and will be divided into two main areas. The core area covers 86 h...
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Cambodia’s Construction Sector Investment Value US$60.8 billion since 2000
- 18 February 2021
In the past two decades, the construction sector has the major backbone of Cambodia's economic growth, with the investment value reaching over US$60.8 billion, according to Minister of Land Management, Urban Planning and Construction HE Chea Sophara. During the 2nd Public-Private Forum on Cambodia-Japan Urban Development held on 16 February, HE Chea Sophara said that investment in the construct...
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US$100 million 11-Road Renovation Project in SHV 31% Complete
- 18 February 2021
The US$100 million 11-road renovation project in Sihanoukville is now 31% complete, according to the Ministry of Public Works and Transport on 16 February. HE Sun Chanthol said during the 2020 Work Progress Conference that the 11-road project is now 31.15% complete. Meanwhile, the restoration of five natural canals with a total length of 27.5 km is also 96.62% complete. This 11-road project ...
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Land Minister Unveils Cambodia-Japan Joint Achievements in Construction Sector
- 17 February 2021
The Minister of Land Management, Urban Planning and Construction HE Chea Sophara has revealed that that the Japanese government has been assisting Cambodia in many major projects within the construction and urban planning sectors. Speaking at the Cambodia-Japan Urban Development Conference on 16 February, HE Chea Sophara expressed sincere thanks to Japan for the very close cooperation, and summ...
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