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ខ្មែរ 
Arup Aiding Philippines’ Usd11bn Infrastructure Plan
- 3 March 2018
Leading UK-based engineering consultants Arup signed a contract with the Philippines government in February to conduct feasibility studies and plans for new bridges, tunnels, and highways worth over USD11bn as part of the nation’s ambitious infrastructure program. In October 2017, the Asian Development Bank (ADB) approved a USD100m loan to support the Philippine government in accelerating its “...
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Safari World Phnom Penh to Open in April
- 3 March 2018
After two years of construction, the gigantic zoo Safari World Phnom Penh by L.Y.P Group is set to open for public this upcoming April, according to Agence Kampuchea Press (AKP). Located on more than 80 hectare of land in Chrouy Changva district, Safari World Phnom Penh will become the largest zoo ever of its kind in Phnom Penh and in Cambodia, with the investment value of about USD 9 million. ...
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Prices Rocket on Capital’s Shophouses
- 3 March 2018
Shophouses in emerging areas of Phnom Penh soared in price last year as investors look to capitalise on the rise of large retail outlets. A report by VTrust Appraisal showed that on average, shophouses in the Cambodian capital were fetching prices 57 percent higher than those in the previous year. Units in the mushrooming district of Sen Sok, the locations of the new Makro supermarket and th...
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Real Estate Sector Leading Credit Recipient
- 3 March 2018
The National Bank of Cambodia (NBC) reported in February that USD3.91 billion in bank loans were absorbed by the nation’s construction and real estate sectors in 2017. The two sectors represented 24.28 percent of last year's total bank loan portfolio of USD16.10 billion which was a 16.8 percent year-on-year increase from 2016. Loans to developers totalled USD1.52 billion, while home buyers a...
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Phnom Penh land prices predicted to drop slightly in 2018
- 2 March 2018
According to a survey conducted by Key Real Estate Co Ltd, land prices in Phnom Penh are likely to drop by between 2 to 5 percent in 2018 due to both economic and political factors. “As it’s generally known, during the pre-election period, investors do not really want to take much action. They prefer to wait and see what will happen after the election,” said Mr Sorn Seap, founder and CEO of Key...
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Eight-lane Highway Collapses in China
- 2 March 2018
A 30-metre section of eight-lane wide highway collapsed near a subway construction site in China on 7 February, killing eight people. The incident which occurred in Foshan, Guangdong province in southern China injured a further nine. Reports on Chinese state television said that the elevated highway collapse was caused by a rush of water from leaking pipes damaging the subway tunnel being bu...
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Work Starts on Green Tower
- 2 March 2018
Ground has been broken on what will become one of Singapore’s tallest and most iconic buildings featuring whole floors of natural greenery. The 51-storey 88 Market Street project will eventually rise 280m high with 93,000 sq m of space Designed by Danish architect Bjarke Ingels Group (BIG) and Italy’s Carlo Ratti Associati (CRA), the tower’s facade will be made from steel and glass interwoven ...
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Singapore Launches Land Transport Innovation Fund
- 2 March 2018
Singapore’s Land Transport Authority (LTA) has announced an USD18.8 million Land Transport Innovation Fund over five years to support research and trials in pioneering mobility solutions for the city state. The LTA is exploring the use of automation and autonomous vehicles (AVs) to improve efficiency, reduce human error and deliver better services, according to a statement released on 12 Februa...
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Indonesia Stock Exchange Collapses
- 2 March 2018
The collapse of a mezzanine walkway at the Jakarta stock exchange building in Indonesia injured over 75 people in January, though no fatalities were reported. The exchange was constructed in the late 1990s as part of a two tower complex, and the incident created a rush to evacuate the building amid fears of a bomb. That cause was ruled out by authorities with the majority of the victims being l...
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Expert Predicts Kampot and Kep to Be Focus of Next Real Estate Boom
- 2 March 2018
Kampot and Kep are slated to be focus of the next real estate boom in Cambodia over the next 10 years, in the footsteps of the three main cities, Phnom Penh, Siem Reap and Sihanoukville. Sorn Seap, founder and director of Key Real Estate Co., Ltd. and former vice-president of the Cambodian Valuers and Estate Agents Association (CVEA), sees great potential in Kampot and Kep, and also expects the...
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Affordability of real estate in Cambodia
- 1 March 2018
With the constant increase in property prices in recent years, the most common question posed by many property buyers is, are we at risk of a real estate bubble? Cambodia went through the experience of the real estate market crash in 2008. In order to prevent a bubble, all parties within the industry, including buyers and developers, must understand the underlying causes to prevent it happening...
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Bank Deposit Rates Vs Property Investment Yields
- 28 February 2018
Interest rates on bank deposit savings accounts here in Cambodia are very high in general and investors buy properties seeking annual yields as well as capital appreciation. The average gross yield of office and condominium investments in Phnom Penh are approximately 4 percent to 8 percent, which is slightly higher than the bank deposit rates – 12 months fixed deposits at banks offer an average in...
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