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ខ្មែរ 
Construction of 700-megawatt Coal-Fired Power Plant in Preah Sihanoukville on Course
- 12 January 2021
Construction of the US$1.3-billion 700-megawatt coal-fired power plant in Stung Hav district of Sihanoukville is still on course as planned, although the world and Cambodia have been hit hard by the COVID-19 pandemic. HE Victor Jona, Director-General of Energy and spokesman for the Ministry of Mines and Energy, said that the firm has followed its construction process as planned amid the pandemi...
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China Building World’s Largest Electric River Cruise Ship
- 12 January 2021
Chinese firm, Wuxi Saisiyi Electric Technology, is currently building an electric river cruise ship, named the Yangtze River Three Gorges 1, which is poised to become the world's largest of its kind after completion. According to insideevs, the project was announced in December and will be launched in July and enter service in November 2021. The ship will cruise on popular tourist routes, inclu...
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What Types of Investors are You, and What Property Investment Bests Fits Your Trait?
- 12 January 2021
Given the economic downturn caused by the pandemic, even if you have plenty of cash on hand, you also need to be very cautious when it comes to investing in real estate. Founder and Director of Key Real Estate and well-known real estate expert in Cambodia Mr Sorn Seap pointed out that you need to first study what kind of investor you are before investing. Mr Seap categorised investors into t...
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Chinese Firm to Build a New Larger Road Connecting Siem Reap City to New Airport
- 11 January 2021
Chinese-owned firm Siem Reap-Angkor International Airport has unveiled plans to build a new 60km road, linking the airport to the Siem Reap city. To date, the firm has just completed the impact resettlement with the affected community. Deputy Governor of Siem Reap province Ly Samrith said that the new road will be built to ease the increasing traffic between the airport and the city. “The cu...
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Real Estate Price in Recent Flood-Affected Areas to Decline Sharply for Two Years, says Expert
- 11 January 2021
A local real estate expert has said that the price and the sale and purchase transactions of real estate projects in the south of Phnom Penh, which were hit hard by floods in October last year, will drop significantly for at least one or two years. However, it is expected to recover after the government upgrades all the infrastructure. Mr Sorn Seap, Founder and Director of Key Real Estate Co., ...
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CBRE: Cambodia’s Real Estate Market to Recover by 60% in 2021, but Lower Than 2019 Baseline
- 11 January 2021
Managing Director of CBRE Cambodia Ann Sothida predicted that Cambodia's real estate market will improve by 60% in 2021 compared to 2020 but is expected to be lower than the 2019 baseline. Ms Sothida told Construction & Property Magazine on 08 January that 2021 will be a better year but not as good as it was in 2019, since a large proportion of Cambodia's market is contributed to by oversea...
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Why Should Couples Register a Marital Property Agreement?
- 9 January 2021
In Cambodia, married couples frequently face asset division disputes when divorce occurs, which in most cases are real estate assets such as houses or land. The reason is that most of the couples here in Cambodia do not have a formal marital property agreement or also known as a Registration of a Spouse Property Contract. What is a marital property agreement, and how is essential it? A marit...
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Expert Predicts Two High Potential Provinces for Resort Investment in 2021
- 9 January 2021
A local real estate expert expects that Kompot and Kep will become high potential investment destinations, especially for resort development in 2021 or after the pandemic ends, as those provinces have been strongly attracting more and more local visitors. Mr Sorn Seap, Founder and Director of Key Real Estate Co., Ltd., told Construction & Property Magazine that Kampot and Kep are ideal for...
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Expert Plugs Sihanoukville for Next Property Boom After COVID-19
- 8 January 2021
Among all provinces in Cambodia, Sihanoukville, and in particular Ream district, will become the highest potential investment destination for those looking for profits in 2021 or during the post-COVID-19 period, according to Founder and Director of Key Real Estate Co., Ltd. Mr Sorn Seap. Mr Sorn Seap told the Construction & Property Magazine on 05 January that the area around Ream district ...
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Let’s Find Out! EP57: What is Condotel?
- 8 January 2021
<div class="youtube"> https://www.youtube.com/watch?v=gOpdw3ES2Y0 </div> Did you know that you can buy a condo and rent it out to a big hotel company and make profit? This type of property is called Condotel. What is Condotel? Subscribe to the Construction & Property TV Channel for more up-to-date construction and property news.
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Gov’t Issues Three New Sub-Decrees to Strengthen Cambodia’s Construction Sector
- 8 January 2021
The Cambodian government has recently issued three new sub-decrees to help strengthen the quality of construction in Cambodia and ensure safety for constructors and general users. The first is sub-decree No. 224 RNKR.BK regarding construction permits dated 30 December 2020, repealing the previous one issued on 19 December 1997. This regulation focus on the competent procedures for issuing co...
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Construction of Phnom Penh-Sihanoukville Expressway 39% Complete
- 6 January 2021
At the beginning of 2021, construction of the Phnom Penh to Sihanoukville expressway is 39% complete and will be finished on scheduled in 2023, according to a report from the Chinese Embassy in Cambodia. Released on 01 January, the report stated that the project has proceeded smoothly despite the COVID-19 crisis. The project is the first expressway in Cambodia and is a massive infrastructure...
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