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ខ្មែរ 
Real Estate Agent UAS Sees Bright Future for Retail Malls
- 6 September 2018
The rapid growth of Cambodia’s retail sector in recent years, thanks largely to the emergence of a middle class now numbering two million, have together been catalysts for the significant rise in retail mall tenancies, with the future only looking bright for this real estate sector. On 5 September, Construction and Property Magazine sat down with Mr Simon Griffiths, Managing Director for retail...
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World Bank to Grant US$50m for Development Projects in Cambodia
- 5 September 2018
Photo by Sheladia Associates, Inc. Senior Cambodian government officials have confirmed that the World Bank plans to grant US$50 million to Cambodia for development projects of which US$20 million is for a water and drainage system project in Siem Reap Province. Mr Ken Rotha, Deputy Director of the Department of Public Works said that he is positive that World Bank will grant the loan and th...
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After Deadly Quake, Indonesians Urge Return to Traditional Building Methods
- 5 September 2018
Photo by nl.wikipedia.org After the collapse of modern concrete buildings was responsible for a high death toll and homelessnessfollowing the deadly earthquakes in Indonesia, many have called for a return to traditional construction methods using natural materials. The Associated Press reported that 436 people died as a result of the 5 August earthquake on the island of Lombok, the majority ...
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China to Inject Us$1.2billion on Tourism Project in Koh Kong
- 4 September 2018
Dara Sakor Resort China Union Development Group Co., Ltd has revealed plans to invest billionsof dollars on the construction of a “Tourism City” located in the coastal city Koh Kong Province. In a meeting with H.E Pan Sorasak, Minister of Commerce (MoC) Mr Li Tao, Chairman of the Board of Director of Union Development Group Co., Ltd, said that his company plans to invest US$1.2 billion to bu...
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Cambodia Receives Significant Investment on Furniture and Construction Materials
- 4 September 2018
While construction sectors continues to boom in Cambodia, investment in furniture and other construction materials are also increasing. Indeed, on 3 September the Council for the Development of Cambodia (CDC) had approved the US$10 million investment project from TGH (Cambodia) Industrial Co., Ltd. Located in Sihanoukville Special Economic Zone (SEZ), the investment project is aimed at building...
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Cambodia Needs Over 100,000 Hotel Rooms by 2030
- 3 September 2018
Minister of Tourism H.E Thong Khon, has forecast that Cambodia will need more than 100,000 hotel rooms to accommodate the increasing number of national and international tourists which is expected to total to around 28 million by 2030. According to the minister, among the 100,000 rooms, 60% of them will require luxury four and five-star hotels (about 60,000 rooms) with Sihanouvkille Province al...
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Savills’s Forum Showcases Investment Opportunities in Hotel and Hospitality Industry
- 3 September 2018
On 29 August, 2018, Savills Hotel APAC organised a panel discussion where experts presented key trends in the hotel and hospitality industry as well as investment opportunities in Cambodia. Held at Sofitel Phnom Penh Phokeethra, three guest speakers specialising in the field of hotel and hospitality were featured namely Mr Mauro Gasparotti from Savills Hotel, Mr Christian Puchher from Hilton Wo...
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Chip Mong Breaks Ground on 271 Mega Mall
- 1 September 2018
Chip Mong Retail, a subsidiary of Cambodian conglomerate Chip Mong Group, held a groundbreaking ceremony on 30 August for its first-ever world-class shopping center Chip Mong 271 Mega Mall located along Yothapol Khemarak Phoumin Blvd (271). The 271 Mega Mall covers a total area of 160,000 square meters (about 16 hectares) offering a mix of different lifestyle brands, products, services, as well...
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Malaysian PM Pulls the Country Back From Infrastructure Plans With China
- 31 August 2018
Photo by World Economic Forum Malaysian Prime Minister Mahathir Mohamad continues to indicate his plans to abandon the multi-billion dollar Chinese-sponsored infrastructure program agreed to by previous PM Najib Razak. PM Mahathir has already suspended almost US$25 billion of Chinese projects including the $20 billion East Coast Rail Link and two huge petroleum pipeline projects. His rati...
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Eurocham’s Breakfast Talk Marks a Milestone on Energy Outlook
- 31 August 2018
The European Chamber of Commerce in Cambodia (EuroCham Cambodia) organised a Breakfast Talk regarding “Bloomberg’s 2018 New Energy Outlook” on 30 August 2018, bringing an in-depth understanding on how low-cost energy options are reshaping energy investment plans. Held at Raffles Hotel Le Royal, Phnom Penh, the event brought guest speakers from Bloomberg New Energy Finance (BNEF), Investing in I...
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Maruhan Group inks construction deal with Lotte E & C
- 30 August 2018
Japan-based entertainment conglomerate Maruhan Group has signed a contract with Lotte Engineering & Construction Co., Ltd (Lotte E & C) for the construction of Sathapana Bank Plc’s new head office. On 29 August 2018, Maruhan Investment (Cambodia) Co., Ltd, subsidiary of Maruhan Group (owner of Sathapana Bank Plc) signed a contract agreement with Lotte E & C for the 22-storey, 103-me...
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Real Estate Agent Vows to Improve Quality of Property Valuation
- 30 August 2018
With the new strategic partnership between leading real estate company Cambodia Properties Limited (CPL) and Vietnam MB Bank, the quality of property valuation in Cambodia is stepping up to another level. Speaking during the signing ceremony of the strategic partnership cooperation on property valuation on 28 August, Oknha Cheng Kheng, CEO and chairman of CPL vowed to provide the best appraisal...
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