Chip Mong Land to Transform 120 hectares in Chroy Changva into Huge Residential Project
Chip Mong Land has officially launched its huge Parkland 6A residential project in Chroy Changva with a massive discount of up to 8%, and no-interest instalments for up to 18 months. Park Lane 6A is a luxurious residential development project spreading over 120 hectares along National Road 6A. Surrounded by two major rivers, the Tonle Sap and the Mekong, this project will become the most comfor...
Read MoreNew MPWT Headquarters and Techo Sen Institute Officially Inaugurated
Prime Minister Samdech Hun Sen officially inaugurated the new Ministry of Public Works and Transport (MPWT) headquarters and Techo Sen Institute of Public Works and Transport on the morning of 22 January. Both buildings are located on Street 598 (St. HE Chea Sophara), Sangkat Chrang Chamres 2, Khan Russey Keo, Phnom Penh. The new location is a compound building consisting of the MPTW headqua...
Read MoreInternational Buyers See Value in Trend of Increasing Value of U.S. Homes
According to the latest figures, despite the worldwide COVID-19 pandemic, U.S. residential real estate prices continue the upward trajectory that has made America one of the top destinations for international home buyers. In fact, home values in the U.S. have steadily increased since the early 1980s, recording more than 300% growth over the past 40 years, even when considering the temporary downtu...
Read MorePrivate firm mulls building an agro-industrial special economic zone in Kampong Speu
Khmer Holding Group is planning to build an agro-industrial special economic zone in Kampong Spue to serve as an agricultural products processing factory, storage, and assembling facility. During a meeting with the Ministry of Agriculture, Forestry and Fisheries (MAFF) on 20 January, the firm representative said that the beside this SEZ, his firm is also planning to invest in two other projects...
Read MoreGovt’ Mull Organizing New Street Food Zone in Sihanoukville
The Sihanouk provincial hall is planning to set up a new standardized street food zone in the province, of which the old theatre garden in Sangkat 2 might be chosen to be the spot. Speaking at the meeting on January 20, 2021, Sihanoukville Governor HE Kuoch Chamroeun said that this standardized street food service will be able to attract more tourists and also be a safe place for everyone to ea...
Read MoreNBC: Bank Credit Reaches US$37.3 billion in 2020; Over 30% Allocated to Construction & Property Sectors
Customer credit at banks in Cambodia reached US$37.3 billion in 2020, a 14.8% increase; and over 30% of which was allocated to the construction and property sectors, according to a recent National Bank of Cambodia report. The same report also added that bank credit given to the construction sector was 9.2%, property 8.5%, and mortgages 12.8% respectively. Meanwhile, as of the end 2020, the a...
Read More900-year-old Bridge in Siem Reap Under Renovation
The Ta Ong Bridge, a nearly 900-year-old ancient bridge in Siem Reap's Chi Kreng district, is now under renovation, and according to the Apsara Authority, construction is scheduled to be complete by June this year. Head of the Ta Ong Bridge Rehabilitation Project Puth Soth, said that the bridge is 70 metres long, and 13 metres wide, with 14 arches. “In the first phase, our tasks include repa...
Read MoreRussey Keo-Chroy Changva Concrete Bridge 36% Complete
Construction of the concrete bridge across the Tonle Sap River from National Road 5 in Russey Keo district to the Chroy Changvar Development Zone has been 36% completed, as of 20 January 2021, according to the Department of Public Works and Transport of Phnom Penh. This concrete bridge is being built parallel with the temporary iron bridge. After the completion of this concrete bridge, the iron...
Read MoreExpert: Five Key Drivers Boosting Cambodian Real Estate Market in 2021
The President of the Cambodian Valuers and Estate Agents Association (CVEA) Mr Chrek Soknim has said that there are five key drivers which have been stabilising the Cambodian real estate market in 2020 and will also help boost the market in 2021. "The first important factor is the strong financial institutions, which keep injecting loans and capital into this market. Despite the COVID-19 crisis...
Read MoreSolutions for Land and Housing Shortages
According to CBRE Cambodia, the supply of condominiums reached over 25,000 units in the market by the end of 2020 and is expected to jump to 38,000 units by 2021. Data from Knight Frank Cambodia also shows that by the end of 2019, a total of more than 55,000 housing units are available on the market, and another 22,000 are expected by 2022. On the other side of the same coin, according to The B...
Read MoreUS Provides Aid to Renovate Preah Vihear and Bakheng Temples
The United States government has provided almost half a million dollars in grant aid to help restore and renovate two ancient temples in Cambodia— Preah Vihear and Bakheng.. According to AKP, this project is the result of cooperation between the Ministry of Culture and Fine Arts, the US Embassy in Cambodia, and the World Monument Fund (WMF). Approximately US$120,000 will be used to repair th...
Read MoreActive Recreation Made For Your Family
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