Phnom Penh land prices predicted to drop slightly in 2018
According to a survey conducted by Key Real Estate Co Ltd, land prices in Phnom Penh are likely to drop by between 2 to 5 percent in 2018 due to both economic and political factors. “As it’s generally known, during the pre-election period, investors do not really want to take much action. They prefer to […]
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Eight-lane Highway Collapses in China
A 30-metre section of eight-lane wide highway collapsed near a subway construction site in China on 7 February, killing eight people. The incident which occurred in Foshan, Guangdong province in southern China injured a further nine. Reports on Chinese state television said that the elevated highway collapse was caused by a rush of water from […]
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Work Starts on Green Tower
Ground has been broken on what will become one of Singapore’s tallest and most iconic buildings featuring whole floors of natural greenery. The 51-storey 88 Market Street project will eventually rise 280m high with 93,000 sq m of space Designed by Danish architect Bjarke Ingels Group (BIG) and Italy’s Carlo Ratti Associati (CRA), the tower’s […]
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Singapore Launches Land Transport Innovation Fund
Singapore’s Land Transport Authority (LTA) has announced an USD18.8 million Land Transport Innovation Fund over five years to support research and trials in pioneering mobility solutions for the city state. The LTA is exploring the use of automation and autonomous vehicles (AVs) to improve efficiency, reduce human error and deliver better services, according to a […]
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Indonesia Stock Exchange Collapses
The collapse of a mezzanine walkway at the Jakarta stock exchange building in Indonesia injured over 75 people in January, though no fatalities were reported. The exchange was constructed in the late 1990s as part of a two tower complex, and the incident created a rush to evacuate the building amid fears of a bomb. […]
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Expert Predicts Kampot and Kep to Be Focus of Next Real Estate Boom
Kampot and Kep are slated to be focus of the next real estate boom in Cambodia over the next 10 years, in the footsteps of the three main cities, Phnom Penh, Siem Reap and Sihanoukville.
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Affordability of real estate in Cambodia
With the constant increase in property prices in recent years, the most common question posed by many property buyers is, are we at risk of a real estate bubble? Cambodia went through the experience of the real estate market crash in 2008. In order to prevent a bubble, all parties within the industry, including buyers […]
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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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