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ខ្មែរ 
V-STEEL draws second big prize winner for 2018
- 25 December 2018
On 23 December 2018, Italian-made steel company V-STEEL held its second lucky draw to find the winning customer for the amazing prize of a 2018 Ford Ranger. V-STEEL, exclusively imported by Chip Mong Group, made its final big lucky draw this year for its customers for a 2018Ford Ranger on the live entertainment show broadcast on SEATV. The event was also attended by Mr BeiBunSong, the husban...
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Strict Measures Set for Land and Construction Sectors in 2019
- 25 December 2018
The Ministry of Land Management Urban Planning and Construction (MLMUPC) has laid down strict measures for 2019 for the land and construction sectors, according to a press release dated 24 December, 2018. The 3-page press release regarding the working results in 2018 and working plans for 2019 highlights 22 important points of the ministry’s achievement as well as future measures. Among the ...
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Cambodia Sees Sharp Decline in Construction Investment in 2018
- 25 December 2018
Although construction activities have yet to decline, construction investment capital has dropped remarkably in 2018, according to a report by the Ministry of Land Management Urban Planning and Construction (MLMUPC), issued on 24 December, 2018. According to the report, 2018 saw the ministry approve 2,867 construction projects covering 11 million square meters in construction area, with an esti...
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Global Japanese Hospitality Firm to Open Luxury Hotel in Tuol Tum Poung
- 24 December 2018
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...
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Land Prices in Three Provinces Change Within Six Months
- 24 December 2018
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, ...
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US$3.8 Billion Phnom Penh-Bavet Expressway Too Expensive for the Government
- 22 December 2018
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...
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CCA Construction Firm Members Increase
- 21 December 2018
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...
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Analyst: How long will the land sector in Sihanoukville continue to have potential?
- 20 December 2018
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...
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New 106-storey Commercial Building to Be Malaysia’s Tallest
- 20 December 2018
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...
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One-bedroom Apartment Units Account for More Than 50% of Supply in 2018
- 19 December 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...
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Cambodia to Seek Loan From China for Electrical Grid
- 19 December 2018
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...
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Amcham establishes real estate and construction committee
- 18 December 2018
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 ...
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