Land prices in Sihanoukville skyrocket by over 90% in six months
Land prices in Sangkat 3 and Sangkat 2 of Sihanoukville has risen sharply by more than 90% and more than 15% respectively in the first six months of 2019, according to a recent report released by real estate firm Key Real Estate. With strong development in Sihanoukville, prices of land in Sangkat 3 rose sharply […]
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Bokor city to be established
The government has decided to establish a new city, named Bokor city, situated in Preah Monivong Bokor National Park, to be developed as a tourist and historic city. According to a sub-decree signed by Samdech Techo Hun Sen, Prime Minister of Cambodia, dated 28 June 2019, the government aims to establish a new town called […]
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Special Offer! Discounts of up to 7% for all projects from Chip Mong Land
Phnom Penh: Chip Mong Land is offering a special opportunity with a discount of up to 7% to its customer on all residential projects from 01 July 2019 onwards. Chip Mong Land, one of the largest and most well-known real estate development companies in Cambodia, currently holds eight mega-luxury residential projects comprising of LandMark 271, […]
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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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