OSRAM & 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...
Read MoreCambodia Architect & Décor Expo returns for the third year
The 3rd annual Cambodia Architect & Décor International Exhibition will return to Cambodia for the third time during 24-26 May at the Diamond Island Convention & Exhibition Center (Koh Pich) with the theme “Design for a Better Workplace & Living”. Organised by Thai-based firm ICVeX Co Ltd and the Cambodian Society of Architects (CSA), the exhibition will bring together more than 150...
Read MoreNew Growth Opportunities in Tourism Properties for Chinese Buyers
The Blue Bay condominium project in Sihanoukville For most foreign investors, Cambodia remains appealing due to the relatively low prices of real estate which comes with high rental yields. On the other hand, the purchasing conditions in Cambodia are also less complicated compared to a lot of other countries with reasonably low down payments and transfer fees. In the past, the majority of co...
Read MoreAsean’s Coasts Attracting Investor Interest
As ASEAN’s emerging markets experience a real estate boom fuelled largely by increasing direct foreign investment, property buyers are now looking beyond major cities to previously undeveloped coastal areas. The coastal cities of Sihanoukville in Cambodia and Danang in Vietnam are seeing growing interest, especially from Chinese investors, as infrastructure improves and the economies and touris...
Read MoreChina Unveils Usd 20m World’s Longest Sea-crossing Bridge
China recently unveiled the world’s longest sea-crossing bridge connecting mainland Chinese city Zhuhai and the two Special Administrative Regions of Hong Kong and Macau, according to CNN. The Hong Kong-Zhuhai-Macau Bridge stretches 55 kilometres along the Pearl River Delta and also comprises of a 6.7-kilometre long submerged tunnel connected by two artificial islands. The tunnel is made of 33 ...
Read MoreReal Estate Investment Drives Myanmar Economy
A booming property market in Myanmar has seen real estate rank in the top three of sources for foreign direct investment in the last year. USD1.2 billion in FDI flowed into the country's real estate sector in the fiscal year 2017-2018, trailing only the USD1.7 billion that went into manufacturing in the same period, according to a report by the Directorate of Investment and Company Administrati...
Read MoreVinhomes to List on Hcmc Stock Exchange
Vietnam’s largest property developer is listing 2.7 billion shares on the Ho Chi Minh City Stock Exchange (HoSE) for its luxury villa and serviced apartment subsidiary Vinhomes. Hanoi-based Vingroup was established in 2014 owns 69.67 percent of Vinhomes’ charter capital which it has listed with a value of USD1.17 billion. Vingroup owns multiple realty brands including Vinhomes Royal City (Ha...
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