Current Status & Future Projection of Real Estate Market in Flood Prone Region of South Phnom Penh
Before October 2020, Mrs Si Chantha made a reasonable income by selling coffee and drinks in front of her house in a large borey around the Kuor Srov roundabout, in south Phnom Penh. Mrs Chantha could do so well thanks to many residents having moved into thousands of houses in the newly-built borey. However, her income has significantly dropped since then after many owners decided to leave thei...
Read MoreLand Ministry Issues New Guidelines to Tighten State Land Demarcation, Ownership Transfers, and Leasing
The Ministry of Land Management, Urban Planning, and Construction issued four new guidelines on 18 January tightening the procedures for state land demarcation, ownership transfers, and leasing. The introduction of these new policies is to avoid continuous issues such as the transferring or leasing state land to the private sector without verification from the cadastral administration, non-tran...
Read MoreBidding for Yangon Industrial Zone Heats Up in Myanmar
The Ministry of Investment and Foreign Economic Relations in Myanmar has announced that 16 expressions of interest had been received from firms in nine countries, including Japan, Singapore, Italy, Spain and France, in response to opening the project to competitive bidding. The initial US$1.5bn plan to develop the west bank of the Yangon River was initially to have been built by China Communica...
Read MoreIndonesia Announces Multi-Billion Dollar PPP Infrastructure Investment
The Indonesian government has announced the commencement of seven major infrastructure public-private projects (PPP) worth US$5.4 billion to help the nation attract more fresh private investment in early 2021. Eko “Heri” Djoeli Heripoerwanto, director-general of infrastructure financing at PUPR said in a press conference that, “In 2021, we will start the procurement process for six roads that s...
Read MoreQ4 Real Estate Market Update: Where are we in the Market Circle?
The real estate market in Q4 2020 remained under pressure from the COVID-19 pandemic, of which retail is the most affected, followed by the office and condominium sectors. Meanwhile, the land and Borey sectors tended to stay robust thanks to the strong financial position and high confidence of the local developers, as well as the continuous government’s effort in infrastructure development nationw...
Read MoreFlood Risk in Cambodia’s Infrastructure Network: How to Prevent and Mitigate Flood Damage?
Water is the most significant partner in the construction sector but can also be the worst enemy in destroying construction achievements; as HE Sun Chanthol once said, "Water is the enemy of the road," which refers to the damaged-infrastructure caused by the recent floods in the kingdom. Over 3,000 kilometres of local infrastructure, including national roads, provincial roads, red gravel roads,...
Read MoreUS$140million Sihanoukville Wastewater Treatment Plants 48% Complete
Sihanoukville wastewater treatment plants worth over US$140 million are now 48% complete, according to Sihanoukville Municipal Governor Y Sokleng on 14 January. Speaking at a press conference for the provincial work progress, Mr Sokleng said, “The reason for building this treatment plant is to prevent dirty water from flowing directly into the sea.” He added that the wastewater treatment pla...
Read MoreTwo Renowned Hospitality Groups Form Partnership to Upgrade Services in Flatiron Building
Renowned hospitality group Meridian International Holding has recently formed a partnership with a giant local hospitality firm Thalias Hospitality Group, to enhance the services in the awarding-winning development – Flatiron by Meridian. According to a company announcement, the new partnership will allow Thalias Hospitality Group to manage the F&B segment in the Flatiron Building. The G...
Read MoreOver 200 Development Projects Included in Kep Development Master Plan
Over 200 development projects and four major tourism development destinations have been included in the draft of Kep Tourism Master Plan, according to the Ministry of Tourism on 14 January. The purpose of the master plan is to transform Kep into a "high-end luxury tourism destination", and also to help boost Kep’s tourism potential after the COVID-19 crisis. According to Undersecretary of St...
Read MoreBorey Chea Ry to Launch New Hybrid Villa with Special Discount
Borey Chea Ry will launch a new type of hybrid Villa on 17 January at Borey Chea Ry Sales Office with a special discount. Customers who join the event and book a unit on that day will receive many gifts plus a 10% discount. Located in The Chom Chao 2 project, the hybrid villa is a combination of style between three previous projects of Chea Ry, which creates the most comfortable house ever for ...
Read MoreGov’t Approves US$100 million Budget Renovating 11 More Roads in Sihanoukville
In addition to the recently-completed 34-road project, the government has allocated another US$100 million for Sihanoukville to renovate 11 more roads in two districts, according to Sihanoukville municipal governor Y Sokleng on 14 January. Speaking at a press conference of the provincial work progress, Mr Sokleng said the 11 roads are already under construction and are 21% completed to date. ...
Read MoreChip Mong Land to Officially Launch the Parkland 6A project on 22 January
Chip Mong Land will officially launch its Parkland 6A inclusive resident project in Chroy Changva district on 22 January, with the ceremony being held at the actual project site located along National Road 6A, Sangkat Prek Leap, Khan Chroy Changvar. At a press conference on 15 January 2021, CEO of Chip Mong Land Oknha Leang Huang (Henry) said that Parkland 6A is not just a residential project, ...
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