The Mekong Royal Opens 2nd Plan With 70% of First Project Sold
After 70% of its second plan were sold out, The Mekong Royal launched its second project in early May this year to introduce a luxury living environment to its Cambodian customers.
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Building and Fire Safety Seminar Q+a
Following the collapse of the supermarket construction in Phnom Penh in July, the promulgation of the Construction Code remains a priority. Britcham-IBC provided Construction & Property Magazine some further insights into why they organised the Building and Fire Safety Seminar with RICS earlier in the year.
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Ppwsa Signs Contracts to Build Cambodia’s Largest Water Treatment Facility
The Phnom Penh Water Supply Authority (PPWSA) has signed two contracts worth US$30 million for the construction (SAFEGE) and supervision (Vinci Constructions Grands Projets) of the Niroth 2 Water Treatment Plant.
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Diamond One Opens Sales Center
After construction kicked off over a year ago, the Diamond One condominium opened its sales center in August, targeting high-net worth Cambodians and foreigners seeking luxury residences.
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Prime Minister Samdech Hun Sen Opens Stung Mean Chey Flyover
On 31 July, Prime Minister Samdech Hun Sen officially inaugurated Phnom Penh’s third flyover in Stung Mean Chey to reduce traffic congestion on the capital’s increasingly crowded roads.
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Toyoko Inn Opens With Plans for More Branches
After 31 months of construction, Japan’s largest economy hotel chain Toyoko Inn has officially opened its doors to welcome local and international guests.
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Asean Brief
A 125-storey office and hotel tower is planned for Bangkok which would make it home to the tallest skyscraper in Southeast Asia.
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Gaining Skills to Mitigate Construction Risks
Construction projects are a high-risk endeavor from start to finish. While world construction activities are estimated by CNBC to accelerate by $6.3 trillion, or 70 percent, by 2025, boosted by massive projects especially in Asia, risks and disputes in construction projects are getting more complicated as well.
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Envisioning Urban Development
The first time I arrived Phnom Penh, I was shocked by some buildings’ designs which had been copied from other countries, and it made me feel like this country’s originality was missing.
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The Bay? Wins 2 International Property Awards
The iconic mixed development, The Bay, has been recognized by the International Property Awards program as the best commercial development in the Asia-Pacific region in two categories; mixed-development and residential development (multiple units) for 2015-2016.
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Condo Demand Outstrips Supply
According to data released by Century 21 and echoed by Property Report, supply is hardly keeping up with demand in the condominium real estate sector.
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Future Condo Supply Can Impact Serviced Apartment Market
The abandon of condo supply to the market in the next few years will have an impact on the nation’s serviced apartment market.
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