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ខ្មែរ 
Kampong Thom-kampong Chhnang Bypass to Officially Open on April
- 22 March 2018
Bypass road No. 50C The bypass road No. 50C connecting the provinces of Kampong Thom and Kampong Chhnang is currently 85 percent complete and is scheduled to officially open for public use by this coming Khmer New Year to help improve transportation links between the two provinces. Road No. 50C is a 53km gravel road connecting Sroyov sub-district, Steung Saen district of Kampong Thom Provinc...
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17 Condos in Total of 13,000 Units to Rise in Phnom Penh This Year
- 22 March 2018
According the report by CBRE Cambodia, at least 17 condominiums or about 13,000 units are expected to complete the construction and to open for service in Phnom Penh within this year. Those 17 condos are Prince Central Plaza (918 units), One Park Residence ( 1,636 units), One 18 Residence (705 units), Star City (1,697 units), D.I. Riviera A&B (705 units), TK Royal One (143 units), Bodaiju R...
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Update: the Usd 150mn Royal One to Break Ground on September
- 21 March 2018
OTK Royal One Co., Ltd. of the Royal Group has just signed a partnership agreement with Chinese construction company Huashi Group to invest USD150 million to build the 62-storey building The Royal One. The agreement was signed by president of OTK Royal One Oknha Kith Thieng, and, vice president of Huasi Group Wan Xiao Lin on 11 March at the Hotel Cambodiana. According to Oknha Kith Thieng, cons...
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Hyatt Regency Phnom Penh Project 38 Percent Complete
- 21 March 2018
Hyatt Regency Phnom Penh. Source: Chip Mong Group Construction of the five-star Hyatt Regency hotel in downtown Phnom Penh is currently 38 percent completed and is on schedule to open by 2020. “At this stage, everything is going well following the schedule. We expect the construction to finish on time,” Mr Ken Nhan, Director of New Business Development of Chip Mong Group Co., Ltd. told the C...
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Seven Malls to Rise in Phnom Penh This Year
- 21 March 2018
In response to the high demand, seven shopping malls are now under construction and expected to rise across Phnom Penh in 2018, with several more to come by 2019, according to research by CBRE Cambodia. The seven malls are divided into three categories including community malls, shopping malls, and retail podiums: -Aeon Mall 2 shopping mall in Sen Sok (70,500sqm) -Midtown Mall community mal...
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How to Shop for the Right Land
- 21 March 2018
As the trend of buying land has become very popular among investors in Phnom Penh, many ask about the associated risks. For example, the land prices in Kandal Stueng district have dramatically risen following a rush to purchase land in the area after the news about the new airport being located there. Is it right or wrong to invest in this kind of land? Construction & Property Magazine R...
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Capitaland to Manage Mall in the Peak
- 21 March 2018
CapitaLand , one of Asia's largest real estate companies based in Singapore, has recently signed an agreement with local Cambodian company Worldbridge Land to manage its mall which will open in 2020. The five-storey mall will have a Gross Floor Area (GFA) excluding car park of about 40,000 square metres and a Net Lettable Area (NLA) of about 24,000 square metres. The mall is positioned as an in...
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Thai Boon Roong Twin Towers Break Ground on First Phase
- 20 March 2018
Thai Boon Roong Twin Tower The management team of 133-storey Thai Boon Roong Twin Tower World Trade Center project on 19 March presided over the ground breaking ceremony of the first phase of construction. According to a co-architect of the project Tous Saphoeun, this was the ground breaking ceremony of the underground structure construction and building wall to prevent landslides. “As th...
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Construction Projects in Cambodia Increase by 22 Percent in 2017
- 20 March 2018
3,052 construction projects were recorded in Cambodia in 2017 representing an increase of 22.31 percent year on year from 2016, according to the annual report by the Ministry of Land Management, Urban Planning and Construction (MLMUPC). In 2017, construction projects were listed as being underway on a total area of more than 10 million square metres with the estimated investment value of around...
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Thailand Facing Increase in Unsold Condos
- 19 March 2018
45,000 unsold condominium units were recorded on the Thai property market in 2017 according to a report from analysts Colliers International and reported in the Bangkok Post. Developers’ need to register gains each quarter has pushed their launches forward despite sluggish sales resulting in a glut of supply. "[Developers] also tried to sell to foreign buyers and investors before selling to ...
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PropertyGuru Cambodia Property Awards 2018
- 17 March 2018
PropertyGuru last night held an awards ceremony at Sofitel Phnom Penh Phokeethra to announce the winner of PropertyGuru Cambodia Property Awards 2018. The Best Developer Award for this year again goes to Borey Peng Huoth Group, the two-time winner of the Best Developer accolade. Borey Peng Huoth Group will then advance to the 8th PropertyGuru Asia Property Awards Grand Final, which will be h...
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SCG, Labour Ministry launch 2nd National Contractor Competition to upskill local builders
- 16 March 2018
SCG, a leading ASEAN conglomerate, kicked off the second SCG National Contractor Competition in collaboration with Cambodia’s Ministry of Labour and Vocational Training and a number of leading vocational training schools on Thursday 28 November. Some 40 contractors, selected from among over 200 applicants who took part in the provincial rounds of competitions organised by SCG and its partners, ...
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