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ខ្មែរ 
VTrust Soft Launches 2030s Real Estate Report
- 18 December 2018
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...
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Royal Chartered Academy Institute Hosts First Courses on Property Investment and Shopping Mall Management
- 17 December 2018
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...
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Hydro Power Lower Sesan II Dam Inaugurated
- 17 December 2018
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...
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CVEA to Increase Members in Sixth Mandate With Discount Strategy
- 15 December 2018
The Cambodian Valuers and Estate Agents Association (CVEA) has successfully closed its fifth mandate and has announced an attractive strategy to increase its members. Newly-elected CVEA President for the sixth mandate Mr Chrek Soknim also announced a new 50% discount policy to attract companies and real estate agents to join the CVEA. “I will continue to increase the number of member to more...
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PM Hun Sen: Cambodia Pushing for Minimum Wage for Construction Workers
- 14 December 2018
The Royal Government of Cambodia is pushing for a minimum wage for construction workers, according to Prime Minister Samdech Techo Hun Sen. In a meeting with garment workers in Kampong Speu Province on 12 December 2018, SamdechTecho Hun Sen said that Cambodia will expand its minimum wage measure to other sectors, including the construction sector to reduce the problem of worker migration. “W...
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Us$70 Million Adb Loan to Develop National Roads No. 1 and 6
- 14 December 2018
The Asian Development Bank (ADB) has agreed to provide a US$70 million loan to Cambodia for the improvement and maintenance of National Roads No. 1 and 6 according to a press release by the Ministry of Public Works and Transport (MPWT) dated 13 December, 2018. The loans, which are divided into three packages, will be used for upgrading National Road No. 1 from kilometre 63 to kilometre 159 from...
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Citizen across Cambodia can improve road quality through new mobile app
- 13 December 2018
The Ministry of Public Works and Transport (MPWT) on 13 December, 2018 has created new history with the launch of new mobile app aimed at improving road quality across Cambodia. Called Road Care, this phone application is the world first road maintenance program created by Cambodians under the 100-day mission instructed by MPWT. This application enables citizen to participate in improving the q...
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Eco-friendly Mixed-use Development Project Underway on Mao Tsetoung Blvd
- 13 December 2018
With the increasing numbers of construction projects throughout Phnom Penh, sustainable construction incorporated with an eco-friendly concept is becoming a new trend in the construction sector in Cambodia. This new trend reflects the presence of a new mixed-use development project called The Point, which is designed with an integration of the concept of nature with other functions of a modern ...
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ADB to Help Cambodian Youth on Construction Skills
- 12 December 2018
In a bid to help develop Cambodia human resources, the Asia Development Bank (ADB) has decided to continue providing additional assistance to Cambodian youth on several vocational skills, especially related to construction. The announcement was made on Facebook post of H.E Dr Ith Sam Heng, Minister of the Ministry of Labour and Vocational Training (MLVT), on 12 December, 2018. As quotedon the F...
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Singapore Firm Terminates Us$11 Million Hotel Deal in Sihanoukville
- 12 December 2018
Singapore-based real estate developer Hong Lai Huat has decided to terminate its sales and purchase agreement of its first hotel project in Sihanoukville, according to an announcement on the Singapore Exchange (SGX). According to the announcement dated 11 December, 2018, PH One Development, a subsidiary of Hong LeaiHuat decided to terminate the sale and purchase agreement of the D'HotelSeaview ...
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Us-based Firm Submits Proposal for Affordable Housing Project in Cambodia
- 11 December 2018
Affordable housing has become one of Cambodia's most important issues in addressing housing shortages, and the United Nations Development Programme (UNDP) recently laid out a design competition for a 3,000 unit affordable housing project for low-income factory workers. US-based architectural firm qastic lab has participated in the competition with a design concept that is suitable for the const...
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Land Plot Development Boom a Concern for Cambodian Economy
- 11 December 2018
Despite the business of developing land plots continuing to show great potential in the local market, the activity nonetheless poses a concern for Cambodia's economy. A recent World Bank report 'Cambodia Economic Update' highlights a concern for the financial sector in Cambodia with the buying and selling of propertyamong the issues raised. The report also pointed out the increases in both r...
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