New Cambodia-vietnam Border Market to Open in Tbong Khmum
Tbong Khmum Province A commercial market on the border of Cambodia and Vietnam named “Psa Dar” is expected to be open by the end of this year. Located in Dar commune, Memot district, Tbong Khmum province, the market has been funded via a USD2 million grant from Vietnam government. The market is expected to be a lucrative hub and employment creator for traders from Cambodia and Vietnam. Meanw...
Read MoreAwards Bring New Momentum to Cambodia’s Rapidly Developing Construction and Real Estate Sectors
The third annual edition of the PropertyGuru Cambodia Property Awards 2018, presented by KHI, was held on 16 March in Phnom Penh. The event witnessed a significant increase in the number of participants from both local and international industrial players, proving that the Kingdom’s construction and real estate sectors are becoming the more attractive to different kinds of investors around the reg...
Read MoreThailand Property Technology Firm Plans to Expand Business to Cambodia
A Thailand-based property technology company known as Baania is in negotiations with business partners in order to expand its business in Cambodia next year under a goal to boost revenue 50 per cent from last year, reported The Nation. Baania is online platform that provides a data analytics such as demand and supply analysis, market predictions, and brand value analysis, to help property buyer...
Read MoreChinese Company Buys Five Plots in Chroy Changvar for Future Projects
A Chinese firm, Jiayuan International Group, has recently entered into an agreement to acquire five plots of land in Chroy Changvar district at a cost of USD35.6 million for their future residential and commercial projects. The combination of five plots comprises a total area of approximately 608,140 square metres, which could be expanded to 3.5 million square metres in the future. The plots...
Read MoreSteel Industry Poised for Built-up in the Kingdom
A group of high profile businessmen and experts from related steel industry discussed and raised a various topics regarding steel industry development in Cambodia, aiming to put the spotlight on attracting more foreign steel millers to invest in the country. The trade panel discussion was organized by a local material construction supplier -ISI group, which its main production line are steel an...
Read MoreHow Green Space and Environmental Concerns Affect the Property Value
AA School of Architecture 2014 Phnom Penh continues to experience a greater density of developments as the real estate industry grow. The city’s population density is high, but green space per capita is falling below the average compared to other regional Southeast Asian cities. “There are many areas in Phnom Penh in need of green spaces,” according to Nguon Chhayleang, CEO of the Pointer. G...
Read MoreOSRAM & SALIOT lighting brands open door in Phnom Penh
Maxk Lighting has recently launched a new lighting showroom dedicated to the brands OSRAM, one of the top brands in the world from Germany and SALIOT, a top Japanese brand that stands for Smart Adjustable Lighting for the Internet of Things. Located in Phnom Penh on Mao Tse Toung Blvd, the showroom offers lighting solutions for professional and individuals. Providing different categories of lam...
Read MorePursat-battambang Rail Line to Open on 29 May
The rail line from Pursat to Battambang is set to open for service on 29 May with free travel until the end of July, according to a Facebook post by Royal Railways Cambodia. The Pursat-Battambang rail line is another step to completing the Phnom Penh-Poipet line following the opening of Poipet-Serey Sophorn line on 4 April and the Serey Sophorn-Battambang line on 29 April. Meanwhile, the final ...
Read MoreSeeking Opportunities in Cambodia’s Competitive Property Market
Real Estate in Cambodia. Photo credit: Property Guru Report For the past decade, Cambodia has experienced a boom in the construction and property sectors which has provided a boost to the kingdom’s rapidly growing economy. According to the Ministry of Land Management, Urban Planning and Construction, more than 2,000 construction related businesses are currently registered with the Ministry, ...
Read MoreSathapana Bank’s New Headquarters Complete by 2020
Sathapana Bank has unveiled plans for a USD52.7 million headquarters on Norodom Boulevard in Phnom Penh to be built by 2020, according to Pulse News. Located along Preah Norodom Boulevard on the corner of streets 172 and 174, the building will be 19-storeys with four basements and commanding a total floor area of 33,135 square metres. The new headquarters will be the bank’s primary hub for expa...
Read MorePsar Dey Hoi Flyover Reopens for Public
The flyover near Dey Hoi Market along Russian Boulevard reopened for public use on 10 May 10 2018 following the final completion of construction, according to an announcement by Ministry of Public Works and Transport. The bridge was temporarily opened to the public during Khmer New Year, between 12-17 April, but was closed again afterwards to complete construction, which led to public controver...
Read MoreSihanoukville Special Economic Zone to Become “shenzhen” of Cambodia
After completing its initial phase of development, the Cambodia Sihanoukville Special Economic Zone (SSEZ) is planning to turn itself to be a fully-functional ecological model industrial zone by adding an additional 300 enterprises in the area. In doing so, the SSEZ aims to become the ‘Shenzhen’ of Cambodia in the future. The upcoming 300 factories will help create at least 80,000 to 100,000 jo...
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