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ខ្មែរ 
Lumiere Residence set new property landmark in Phnom Penh
- 22 July 2019
Following the success of Lumiere Hotel, Singapore-based Lumiere Hospitality (LH) opened its second project in Phnom Penh on 21 July which will set another hospitality landmark for the city. Known as the Lumiere Residence, this 25-storey building comprises of luxury hotel rooms and apartments which are elegantly designed and laid out, equipped with a rich variety of in-room amenities. Located...
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Construction complete for National Road No.55
- 22 July 2019
Following 42 months of construction, National Road No.55 connecting National Road No.5 to the border of Trat Province, Thailand, has been completed, according to the Ministry of Public Works and Transport (MPWT) on 22 July 2019. Constructed by China Road and Bridge Corporation (CRBC), this 180-kilometre long, 9 metre wide road links National Road 5 (from section 191+150) to the Thai-Cambodian b...
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Conglomerate Chip Mong Group plans more than US$300 million for retail investment
- 20 July 2019
Chip Mong Retail, a subsidiary of conglomerate Chip Mong Group is planning to invest more than US$300 million in the retail sector to capitalize on this rapidly growing market as announced at their 19 July gala dinner at the Sofitel Phnom Penh Phokeethra. Utilising over US$300 million of long-term investment in addition to holding desirable locations for its projects across Phnom Penh, the comp...
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IKO Sales International: a Solid Choice
- 19 July 2019
How do you see construction sector in Cambodia? I see a very positive evolution in the construction sector in Cambodia with business development opportunities for IKO. A lot of construction projects are built and planned for development in Phnom Penh; including both residential commercial buildings. For residential roofing, one can see that metal is preferred, because it is a lightweight mat...
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UK-based hotel chain to open in Cambodia
- 19 July 2019
Yoo Hotels and Resorts based in the United Kingdom has revealed plans to open a hotel chain in Cambodia in response to rising tourist numbers in the country. Entitled the ‘Yoo2 Lifestyle Brand’ project, the British Yoo Hotels and Resorts will expand branches in Southeast Asia in the next three to five years. The project will be the first of its kind in Cambodia, according to Hospitality Net. ...
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Construction investment value increases more than 57% in H1 2019
- 18 July 2019
The value of investment in the Cambodian construction sector reached more than US$3 billion in the first six months of 2019 driven by residential and commercial projects, according to the Ministry of Land Management Urban Planning and Construction (MLMUPC) latest figures. As of June 2019, the ministry approved 2,047 construction projects with an estimated investment value of more than US$3.3 bi...
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Developers Encouraged to Plan for Green Space
- 18 July 2019
The Ministry of Land Management, Urban Planning and Construction and the Ministry of Environment have called for project owners and developers of residential building projects to consider the principle of establishing green spaces in projects to create quality of life for the residents. H.E. Binn Sambatharath, Under-Secretary of States at the Ministry of Land Management, Urban Planning and Cons...
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Land prices in Sihanoukville skyrocket by over 90% in six months
- 17 July 2019
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 by 90.9% in the first six months of 2019 compared to the same period in 2018, an inc...
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Bokor city to be established
- 17 July 2019
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 Bokor City. The city of Bokor is connected to the southern corridor of...
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Special Offer! Discounts of up to 7% for all projects from Chip Mong Land
- 17 July 2019
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, Land Mark 60M, Park Land Sen Sok, Park Land 598, Par...
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CRBC completes financial close for US$1.8 billion expressway
- 17 July 2019
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 counsel on the public-private partn...
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Shanxi Wins Us$42 Million Bid for Siem Reap Angkor International Airport Expansion
- 16 July 2019
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. As reported by the China Daily, Shanxi will construct a flight area and the auxiliary facilities of the flight area. This would also include the construction of the runway, earthworks, slopes, ...
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