Global Japanese Hospitality Firm to Open Luxury Hotel in Tuol Tum Poung

Japanese firms are increasingly interested in the hotel market in Cambodia reflected by the announcement of new luxury hotel in Toul Tom Poung area. Okura Nikko Hotel Management, a subsidiary of Hotel Okura, announced that it will open Hotel Nikko Phnom Penh, according to a press release dated 21 December, 2018. According to the press release, the new hotel will open in 2022 located on the u...

Read More

Land Prices in Three Provinces Change Within Six Months

Rapid development and economic growth in Cambodia has driven an increase of land prices across the country, especially within the last six months of 2018. A recent land evaluation report by real estate firm Key Real Estate shows how average land prices for three provinces of Phnom Penh, Sihanoukville, and Siem Reap have changed. According to the report, among the 12 districts in Phnom Penh, ...

Read More

US$3.8 Billion Phnom Penh-Bavet Expressway Too Expensive for the Government

Following the feasibility study on the construction of the Phnom Penh-Bavet Expressway, the government has said it is too expensive, citing a lack of budget. The Japan International Cooperation Agency (JICA) recentlyconducted a feasibility study on the expressway connecting the capital city of Phnom Penh to the Vietnam border town of Bavetwhich concluded that the project would cost US$3.8 billi...

Read More

CCA Construction Firm Members Increase

In line with the growth of the construction industry in Cambodia, the number of construction firms operating in the Kingdom has also increased. As a result, the Cambodia Constructors Association (CCA), the sole private association in the Kingdom representing the construction businesses, has seen a sharp increase in its members in recent years. Since its establishment in 2011, the association...

Read More

Analyst: How long will the land sector in Sihanoukville continue to have potential?

Commercial buildings, casinos, hotels, restaurants and apartments are quickly developing and changing the landscape of the southern part of Cambodia, and more so in the very near future. These commercial construction activities have made Sihanoukville an important destination for domestic and foreign investors to capitalise on this potential through developing new projects. This recent rapid de...

Read More

New 106-storey Commercial Building to Be Malaysia’s Tallest

Sample photo by Mulia Malaysia soon will see its tallest iconic new building, The Exchange 106, steals the title from the country's current signature building, the Petronas Twin Towers. The new building is a luxury commercial building stretching up in the heart of Malaysia's international finance and business of TunRazakExchange (TRX). The building, an investment by Mulia Property Developmen...

Read More

One-bedroom Apartment Units Account for More Than 50% of Supply in 2018

Sample photo by Apartment List Serviced apartments have become an important aspect of the real estate sector and a recent report shows that one-bedroom units accounted for the majority of supply in the fourth quarter of 2018. According to a report by Cambodia’s largest property appraisal firm,VTrust Appraisal Cambodia, one-bedroom units accounted for 55% of the total supply on the market, eq...

Read More

Cambodia to Seek Loan From China for Electrical Grid

In order to expand the supply of electricity to all provinces across the country, the government plans to seek an additional loan from the Chinese government for the construction of a national electrical grid, according to Samdech Techo Hun Sen, Prime Minister of Cambodia. The statement was made during the grand opening ceremony of the Hydro Power Lower Sesan II on 17 December, 2018. (Read more...

Read More

Amcham establishes real estate and construction committee

With Cambodia’s real estate and construction sectors booming and increasing numbers of international companies entering the market, a growing number of specialised business chamber committees are also emerging. One recent example is the American Chamber of Commerce in Cambodia (AmCham) which has established a real estate and construction committee to serve as a platform for information sharing ...

Read More

VTrust Soft Launches 2030s Real Estate Report

In a bid to promote the real estate sector in Cambodia, Cambodia’s largest property appraisal firm VTrust Appraisal Cambodia has launched its decennium report on the real estate sector in Phnom Penh. On 18 December, 2018, VTrust presented its report on the Phnom Penh serviced apartments market, which is part of its main report titled 'Phnom Penh 2030s: Ten Predictions for the Real Estate Sector...

Read More

Royal Chartered Academy Institute Hosts First Courses on Property Investment and Shopping Mall Management

Cambodia construction and real estate education institution the Royal Chartered Academy Institute (RCA) has successfully completed its first short course. The four-day training course held from 11 to 14 December 2018 focused on two subjects in related to the industry in Cambodia, namely property management and shopping mall management. After completing the course, Professor Daniel Tan expres...

Read More

Hydro Power Lower Sesan II Dam Inaugurated

On 17 December, 2018, the Hydro Power Lower Sesan II dam was inaugurated,presided over by SamdechTecho Hun Sen, Prime Minister of Cambodia. The Hydro Power Lower Sesan II, which is located in Stung Treng Province, has the capacity to produce electricity of up to 400 megawatts. The project was built under a joint venture between three companies with a total investment of US$800 million. The c...

Read More