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ខ្មែរ 
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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CVEA Plans Opening of Property Training Centre
- 28 February 2018
The Cambodian Valuers and Estate Agents Association (CVEA) is seeking commitment from investors for a new property training centre, a school to generate more highly trained human resources for the property and construction related sectors. Dr. Kim Heang, president of the Cambodian Valuers and Estate Agents Association and CEO of Khmer Real Estate Co., Ltd. recently revealed the plan and express...
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Water Taxi to Launch in April, Six Terminals Under Construction
- 27 February 2018
The water taxi connecting Phnom Penh-Prek Pov-Takmao is scheduled to go into service in April with the initial two boats and six terminals. The Ministry of Public Works and Transport (MPWT) is currently undertaking construction on the six terminals at Prek Pnov Station, Russei Keo Station, Phae Bondet Station (Night Market), Naga World Station, Chbar Ampov Station and Takmao Park Station. Ac...
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From Plastic Waste to Asphalt Concrete
- 27 February 2018
The Ministry of Public Works and Transport (MPWT) has expressed it strong interest in and urged further study on a new technology invented by two Cambodian university students which can transform plastic waste into Asphalt Concrete (AC). The two students, Ms Ly Sokanha from Zaman University and Ms Tan Bunhourng from American University of Phnom Penh, worked together under a project entitled ‘Ec...
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Japan to Build World’s Tallest Wooden Tower
- 26 February 2018
Japanese company Sumitomo Forestry Co., Ltd. recently announced their plan to build a 350-metre high wooden building in Tokyo, which is set to become the tallest wooden building in the world. With an estimated cost of 600 billion yen (USD 5.6 billion), the tower is planned for completion in 2041 to mark the 350th anniversary of the Sumitomo Forestry Company. The building will be 17 floors hi...
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Iron Bridge Crossing Tonle Sap 60 Percent Complete
- 24 February 2018
The construction of iron bridge connecting Russey Keo to Chhroy Chongva district is currently more than 60 percent complete, and is scheduled to fully finish before Khmer new year to help ease the highly congested traffic in Phnom Penh. This 506-meters long and 12-meters width bridge is a temporary bridge built to help ease the traffic during Cambodia-Japan Friendship Bridge is under renovation...
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