Strict Measures Set for Land and Construction Sectors in 2019
The Ministry of Land Management Urban Planning and Construction (MLMUPC) has laid down strict measures for 2019 for the land and construction sectors, according to a press release dated 24 December, 2018. The 3-page press release regarding the working results in 2018 and working plans for 2019 highlights 22 important points of the ministry’s achievement as well as future measures.
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Cambodia Sees Sharp Decline in Construction Investment in 2018
Although construction activities have yet to decline, construction investment capital has dropped remarkably in 2018, according to a report by the Ministry of Land Management Urban Planning and Construction (MLMUPC), issued on 24 December, 2018.
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Global Japanese Hospitality Firm to Open Luxury Hotel in Tuol Tum Poung
Japanese firms are increasingly interested in the hotel market in Cambodia reflected by the announcement of new luxury hotel in Toul Tom Poung area.
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Land Prices in Three Provinces Change Within Six Months
Rapid development and economic growth in Cambodia has driven an increase of land prices across the country, especially within the last six months of 2018.
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US$3.8 Billion Phnom Penh-Bavet Expressway Too Expensive for the Government
Following the feasibility study on the construction of the Phnom Penh-Bavet Expressway, the government has said it is too expensive, citing a lack of budget.
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CCA Construction Firm Members Increase
In line with the growth of the construction industry in Cambodia, the number of construction firms operating in the Kingdom has also increased. As a result, the Cambodia Constructors Association (CCA), the sole private association in the Kingdom representing the construction businesses, has seen a sharp increase in its members in recent years.
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Analyst: How long will the land sector in Sihanoukville continue to have potential?
Commercial buildings, casinos, hotels, restaurants and apartments are quickly developing and changing the landscape of the southern part of Cambodia, and more so in the very near future. These commercial construction activities have made Sihanoukville an important destination for domestic and foreign investors to capitalise on this potential through developing new projects. This recent rapid […]
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New 106-storey Commercial Building to Be Malaysia’s Tallest
Malaysia soon will see its tallest iconic new building, The Exchange 106, steals the title from the country's current signature building, the Petronas Twin Towers. The new building is a luxury commercial building stretching up in the heart of Malaysia's international finance and business of TunRazakExchange (TRX). The building, an investment by Mulia Property Development, will become the tallest building in South East Asia and among the top 15 tallest buildings in the world.
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One-bedroom Apartment Units Account for More Than 50% of Supply in 2018
Serviced apartments have become an important aspect of the real estate sector and a recent report shows that one-bedroom units accounted for the majority of supply in the fourth quarter of 2018.
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Cambodia to Seek Loan From China for Electrical Grid
In order to expand the supply of electricity to all provinces across the country, the government plans to seek an additional loan from the Chinese government for the construction of a national electrical grid, according to Samdech Techo Hun Sen, Prime Minister of Cambodia. The statement was made during the grand opening ceremony of the Hydro Power Lower Sesan II on 17 December, 2018.
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Amcham establishes real estate and construction committee
With Cambodia’s real estate and construction sectors booming and increasing numbers of international companies entering the market, a growing number of specialised business chamber committees are also emerging. One recent example is the American Chamber of Commerce in Cambodia (AmCham) which has established a real estate and construction committee to serve as a platform for […]
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VTrust Soft Launches 2030s Real Estate Report
In a bid to promote the real estate sector in Cambodia, Cambodia’s largest property appraisal firm VTrust Appraisal Cambodia has launched its decennium report on the real estate sector in Phnom Penh.
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