English 
ខ្មែរ 
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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Bangkok Airways to Invest in Koh Kong Former Airport
- 16 July 2019
Photo by Cambodia-hotels Thai-based airline Bangkok Airways is to invest in re-building the former Koh Kong airport in Khemarak Phoumin City soon after the government has given greenlight in the June meeting. Speaking with Construction & Property Magazine via phone call on 16 July, Mr Sok Sothy, spokesman and deputy governor of Koh Kong Province said that Bangkok Airways is currently ask...
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ARB Berhad to Provide US$100 Million in Iot and It Services for “The City Gate”
- 15 July 2019
Photo by Electronic Design Malaysian-based information technology and software solutions firm ARB Berhad is to deploy Internet of Things (IoT) and information technology (IT) services to the ‘The City Gate’ commercial complex along the Tonle Sap river following an agreement with the project developer. ARBIOT Sdn Bhd, a subsidiary of ARB Berhad, signed a Memorandum of Understanding with China...
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140-megawatt Solar Power Projects Approved
- 15 July 2019
The government has decided to allow more investment in renewable solar power in response to the increasing demand for energy consumption. At a cabinet meeting on Friday, four solar projects were approved, with a total of 140 megawatts. According to the Council of the Ministers, the four solar power approvals were for a 60-megawatt project in Battambang province, a 30-megawatt project in Purs...
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HYPOTHEC: THE MOST COMMON USED ENCUMBRANCE IN CAMBODIA
- 13 July 2019
by Sciaroni & Associates, Unofficial translated by Construction & Property Magazine Since the introduction of the Civil Code of the Kingdom of Cambodia in 2007, a hypothec has been known as one of the most commonly-used encumbrances for securing an obligation. This short article will briefly discuss the general overview of hypothec, its advantages as well as how to perfect a hypothec ag...
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