Options for Investing in Lease Properties

Most of the condominium units in Cambodia nowadays are offered on a freehold basis. However, you will occasionally come across different types of projects that are offered on leasehold if the option of freehold is not available, such as buying land. Properties located on land that is not available for freehold, such as land that is owned by individuals and private entities who do not wish to se...

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Wow Wow…Winning Home Prizes!

Finally, the “ISI PALM Lucky Draw” brought fortune to its customers who have now become the proud owners of 43-inch LG TVs (50 prizes) and ZOOMER X 2018 motorcycles (30 prizes). Most especially was one unit of a Mekong house model MH 962 to Mr Lim Darith who lives at Samrong Thom Commune, Kien Svay District, Kandal Province. The lucky draw was held on Sunday 06 January 2019, at the CNC TV stati...

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Oknha Mong Reththy Teams Up With Japanese Firm to Build Motor Racing Circuit

To promote and diversify Cambodian sports, renowned investor Oknha Mong Reththy has decided to team up with a Japanese firm to construct a Grade 2 motor racing circuit in Kampong Speu province. On 07 January, 2019, Oknha Mong Reththy announced the project through his official Facebook page where Mong Reththy Group signed an agreement for the project with Yamamoto Rock Products Co Ltd. The pr...

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Tourism City, a Stunning Project by Canadia Group Showcases a Modern Lifestyle in the Heart of Siem Reap

Tourism City, is a stunning showcase of modern lifestyles located to the east of Siem Reap city which was launched last December. Developed by the Canadia Group and financed by Canadia Bank Plc, the project is one of the biggest in the tourism capital of Cambodia. Stretching over 66 hectares of land along National Road No. 6 next to Makro shopping mall Siem Reap, Tourism City is the result of a...

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Samdech Hun Sen: National Road No.2 Nearing Construction

In order to facilitate trade as well as attract more investors, the government is preparing for the ground breaking of the rehabilitation of National Road No.2, according to SamdechTecho Hun Sen, Prime Minister of Cambodia. Speaking at a meeting with factory workers in Takeo province on January 9, 2019, SamdechTecho Hun Sen said that construction on National Road No.2 will soon begin. Samdec...

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Seat Installation Begins at Chinese-funded Morodok Techo Stadium

Installation of the concrete spectator seating has begun at the Morodok Techo National Stadium following 16 months of extensive construction work. The Morodok Techo National Stadium is located in Prek Tasek, Khan Russey Keo, Phnom Penh and is to be the venue for the 2023 ASEAN Games. On 09 January, 2019, the China State Construction Engineering Corporation (CSCEC), the company responsible for t...

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What Does Digital City Mean for City Management?

Credit to wrld3d.com https://youtu.be/6QU61AnMobo Climate change, population growth, and technological advances are partly contributing to changes in the landscape of city management to be more efficient. Meanwhile, the term Digital City is now becoming popular across the globe, but what does Digital City mean? Construction& Property Magazine recently met with a representative of worl...

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Phnom Penh-Sihanoukville Expressway Remains on Course

The US$2 billion Phnom Penh-Sihanoukville Expressway project is moving forward without any changes, according to the Ministry of Public Works and Transport (MPWT). On 08 January, 2019, H.E. Va Simsorya, spokesman for MPWT told Construction&Property Magazine that the highway construction project remains on course. “This project will start construction, but we do not know the exact date fo...

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Phnom Penh Condominium Market to See Sharp Change in 2019

The Phnom Penh condominium market is set to see a sharp change in 2019 with supply now shifting towards the affordable segment, according to one of Cambodia’s leading real estate firms. In a recent market review report on condominiums, CBRE Cambodia said that the delay in condominium completion in quarter 4 of 2018 will causes an upward trend in condominium stock within the first and second qua...

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‘construction and Real Estate Sector Will Not Fall in 2019’

With Cambodia's economic growth partly dependent on the construction and real estate sector, predictions remain healthy for 2019, despite a decline in capital investment in 2018. The recent macroeconomic report from the National Bank of Cambodia (NBC) outlined some of the risk factors for Cambodia's economy, including stronger reliance on construction and real estate as the sectors contribute o...

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Construction of Ring Road No.3 Brings Hope for Land Prices

The announcement of the construction of Ring Road No.3 connecting National Road No.4 to National Road No. 1 is bringing higher hope for land prices in those areas. According to H.E Vasim Sorya, spokesman of the Ministry of Public Works and Transport (MPWT), upon receiving US$259 million concessional loans from EXIM Bank of China, Ring Road No.3 is to officially begin construction on 14 January ...

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Deal for Prey Veng Jurassic Theme Park Scrapped

Sample photo by Shenghung Lin The joint venture responsible for the planned Jurassic Theme Park in Prey Veng Province has announced that the project is to be scrapped with Malaysian investment firm, MQ Technology Berhad pulling out of the deal with Cambodia Resort and Entertainment (CRE). According to an announcement made on the Bursa Malaysia stock exchange on 02 January, 2019, MQ Technolog...

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