Bank Deposit Rates Vs Property Investment Yields
Interest rates on bank deposit savings accounts here in Cambodia are very high in general and investors buy properties seeking annual yields as well as capital appreciation.
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CVEA Plans Opening of Property Training Centre
The Cambodian Valuers and Estate Agents Association (CVEA) is seeking commitment from investors for a new property training centre, a school to generate more highly trained human resources
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Water Taxi to Launch in April, Six Terminals Under Construction
The water taxi connecting Phnom Penh-Prek Pov-Takmao is scheduled to go into service in April with the initial two boats and six terminals. The Ministry of Public Works and Transport (MPWT) is currently undertaking construction on the six terminals at Prek Pnov Station, Russei Keo Station, Phae Bondet Station (Night Market), Naga World Station, Chbar […]
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From Plastic Waste to Asphalt Concrete
The Ministry of Public Works and Transport (MPWT) has expressed it strong interest in and urged further study on a new technology invented by two Cambodian university students which can transform plastic waste into Asphalt Concrete (AC). The two students, Ms Ly Sokanha from Zaman University and Ms Tan Bunhourng from American University of Phnom […]
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Japan to Build World’s Tallest Wooden Tower
Japanese company Sumitomo Forestry Co., Ltd. recently announced their plan to build a 350-metre high wooden building in Tokyo, which is set to become the tallest wooden building in the world. With an estimated cost of 600 billion yen (USD 5.6 billion), the tower is planned for completion in 2041 to mark the 350th anniversary […]
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Iron Bridge Crossing Tonle Sap 60 Percent Complete
The construction of iron bridge connecting Russey Keo to Chhroy Chongva district is currently more than 60 percent complete, and is scheduled to fully finish before Khmer new year to help ease the highly congested traffic in Phnom Penh. This 506-meters long and 12-meters width bridge is a temporary bridge built to help ease the […]
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Prince Central Plaza 70 percent sold ahead of May completion
Prince Central Plaza, a 37-storey mixed used development has seen 70 percent of units sold prior to its planned completion in May. Owned by Prince Real Estate Group, the project is located on the southern end of Norodom Boulevard and is on schedule for handover to tenants with 80 percent of construction complete. The proximity […]
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Mortar Spraying Machine: New Trend in Construction Sector
In response to the fast growing pace of the construction sector in Cambodia, CBMS Trading Co., Ltd. has recently introduced a new technology onto the local market called the Mortar Spraying Machine
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Battambang-koh Kong Route Under Feasibility Study
The Ministry of Public Works and Transport (MPWT) is currently undertaking a feasibility study on the mega infrastructure project to connect Battambang province to Cambodia’s deep sea port. This new route will connect Battambang province to Koh Kong province, and continue to Sihanuokville. “At this stage, our team is planning to go on field to […]
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Another Mall to Rise in Phnom Penh
In response to modern lifestyle demand of local consumers, another new shopping centre dubbed Midtown Community Mall will rise in the Teuk Thla area by the end of year. Located on Street 2004, the Midtown mall has just started construction under developer and landlord Kao Cheng International Co., Ltd, according to CBRE. The project is […]
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Cambodia Urges Private Sector to Invest in Pp-bavet Expressway
Minister of Public Works and Transport H.E. Sun Chanthol has urged the private sector to invest in the USD3.8 billion Phnom Penh-Bavet expressway project following the completion of the feasibility after study. “The Japan International Cooperation Agency (JICA) has already finished their study on this. However, at this stage, the government of Cambodia has yet […]
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Serei Saophoan – Poipet Rail Line Completed
The construction of the railway line connecting Serei Saophoan to the Thai-border town of Poipet has been fully completed with plans to put it into service for the first time in April. This new route not only connects the two cities in Banteay Meanchey Province, but will also connect Poipet to Bangkok on the Thai […]
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