Construction and Real Estate Continue to Pose Risks for Financial Sector in Cambodia

While Cambodia's economy is expected to grow by 7.1% in 2018, the construction and real estate sectors continue to pose risk to the financial sector, according to the World Bank. The World Bank report entitled 'Cambodia Economic Update' published on 28 November, 2018, highlighted that "risks in the financial sector continue to grow, with large exposure to the construction and real estate sector...

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Thailand to Double Greater Bangkok Airport Capacity

Thailand has announced plans to more than double the passenger capacity of airports in the greater Bangkok area in an effort to compete with Singapore as the regional aviation hub. The government’s ambitious plan includes utilising tiny U-Tapao airport, a former military air base 100km southeast of Bangkok. Currently handling 300,000 passengers a year, mostly to Pattaya, the Thai administration...

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Century 21 Sign Mou to Promote Morgan Tower Unit Sales

Photo by Morgan Tower Sale Center Centuy21 Cambodia and Centuy21 China have signed a memorandum of understanding (MoU) with investment firm Morgan Ford Investment to promote unit sales of Morgan Tower, located in Koh​ Pich, Phnom Penh, according to the official press releases. While construction of the multipurpose business centre Morgan Tower is already underway, the deal is intended to boo...

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With the Chinese Influx, Why Are Locals in Sihanoukville Pushing for Bank Loans?

The beautiful tourist city in the southwest of Cambodia has been drawing so much attention over the last few years, the cityscape has changed dramatically with the construction of many new buildings together with the influx of Chinese people across the city. With the arrival of Chinese people and this growth of new buildings,which are mostly owned by Chinese companies, providing housing supply ...

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Prince Real Estate Headquarters Building Structure Completed

Chinese real estate firm Prince Real Estate (Cambodia) Group has completed construction of its headquarters, according to the company. The company's Facebook page announced the completion of the building structure of its headquarters in mid-November,while construction is set to be completely finished by April 2019. According to Prince Real Estate, upon completion, their headquarters building...

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Tycoon Ly Yong Phat Teams Up With Thai Firm to Build Huge Construction Material Market

Photo by Global House Cambodia Renowned Cambodian investor Neak Okhna Ly Yong Phat has partnered with a Thai firm to build a huge market selling construction material and decorative products, according to local media Cambonomist. One of the Cambodia businesses owned by Neak Okhna Ly Yong Phat’s LYP Group has entered into a join investment with Thai-based construction materials and decorative...

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Bentley has expanded its business portfolio with strategic partners and acquisition

World-leading infrastructure software development company, Bentley has announced during the ‘Year In Infrastructure 2018 conference’ held in London, the UK from October 15-18 about its business portfolio with strategic partners and acquisitions. In the key announcement by strategic partners during press conference co-speaks by Greg Bentley, CEO Bentley System with Eckard Eberie, CEO Process Aut...

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Cambodia’s Largest Construction Exhibition to Kick Off in November

Cambodia largest construction expo, the ‘Cambodia Constructors Industry Expo 2018’, is set to kick off in November bringing together more than 300 exhibitors and thousands of exhibition goers. After being successfully hosted for more than four years, the Cambodia Constructors Association (CCA) is organising its annual event that brings together high-ranking government officials, professionals, ...

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Mace Wins Vietnam Resort Project

UK company Mace has been appointed to oversee design, project and construction on a stunning new resort in Hoi An, Vietnam. Mai House Hospitality Group and Mace will develop the beachfront property into a five star mixed-use luxury resort featuring a hotel, villas, apartments, a golf course and shopping amenities. Designed to celebrate the shape of a Vietnamese lantern and modelled on the Bu...

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Quantity Surveying Not Yet a Well-known Career in Cambodia

Quantity surveyor is actually an occupation in the construction industry to control costs for the developers and contractors within budget. The Royal Chartered Academy Institute (RCA) provides a 16-month Diploma in Quantity Surveying that focus on the four (4) major works for a quantity surveyor, which are measurement, procurement, tender process and contract administration. Measurement Am...

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Japanese Firms Investing in Hotel Projects in Cambodia

Sample photo by Robert Kleiner Photography Since Cambodia is in need for more hotel rooms to accommodate the millions of visitors expected to visit the country, Japanese firm have been focusing on hotel development in the Kingdom. The Ministry of Tourism recently announced on its Facebook page that Japanese companies are starting to invest in luxury hotel projects in Cambodia. According t...

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HOW TO TILE A WET AREA?

4 STEPS FOR A PERFECT TILING OF WET AREAS Wet rooms are essential human spaces across the globe, either a stylish big bathroom, or a practical small shower space, toilets, kitchens, laundry areas, balconies, patios or terraces: Sika offers systems for new and refurbishment works according to the specific requirements in wet rooms. You only need to follow below steps: 1. On a clean and sound ...

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