English 
ខ្មែរ 
Alternatives to Building High-End Condos?1
- 1 February 2017
In a market as fiercely competitive as residential real estate, developers must launch products that match real demand in order to sell them. The question that comes into developers’ minds is what else can they develop? My answer to this question is there are alternative developments to consider during the period of an excessive market supply. In the current market scenario, there is clear dema...
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Residential Property Purchase Incentives
- 1 February 2017
Developers in Phnom Penh have been providing purchase incentives as some buyers struggle to arrange a loan or mortgage when investing in a property. In some cases, property developers offer to loan buyers enough for a deposit when they buy a new home. These developers provide incentives in the form of loans and mortgages, typically with more competitive rates, to their own clients, despite bank...
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Developers Triumph at SEA Property Awards 2016 Finale
- 1 February 2017
Southeast Asia’s best developers and achievers brought honours and prestige to their respective countries as they competed for the regional titles at the sixth annual South East Asia Property Awards 2016 grand finale event of the prestigious Asia Property Awards series. Malaysia’s Sime Darby Property collected its first regional Best Developer (South East Asia) gong, beating other national winn...
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Outlook on Phnom Penh Retail Spaces
- 1 February 2017
The retail market in Phnom Penh is more dynamic than ever. The expansion by retail developers, entries of new local and international retailers combined with a challenging economic outlook are all adding up to the mix. In Phnom Penh, the latest major retail developments to be open in mid-2017 are the Exchange Square and Phnom Penh City Center, intensifying competition from existing shopping cen...
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CVEA Shares 5th Mandate Vision
- 1 February 2017
After being appointed as president of the Cambodian Valuers and Estate Agents Association (CVEA) for his 2nd mandate in 2017-2018, Kim Heang lays out the association’s ambitious vision in an exclusive interview with Construction and Property Magazine. The election for CVEA President was tight with just one vote separating the 27-28 result. Does this division concern you? How do you plan to impr...
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Maximising Returns on Rental Investment
- 1 February 2017
Many housing buyers in Phnom Penh prefer to buy properties and rent them out to others, with the hopes of delivering long-term capital growth and investment returns. Just as with all investments, there are some risks and not everyone who invests in property has good experiences. Rental investment is popular in Phnom Penh because of the increasing demands for such accommodation from foreign expa...
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Work starts on world’s tallest skyscaper
- 1 February 2017
Work has begun on what is set to become the world’s tallest skyscraper in Dubai. ‘The Tower’, designed by Spanish-Swiss architect Santiago Calatrava, will be taller than the current record holder the Burj Khalifa which is also in Dubai and is part of the redevelopment of the old city. ‘The Tower’ is expected to rise 3,045 feet when it is completed in 2020 and cost around USD1 billion accordi...
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Chinese site accident kills 67
- 1 February 2017
Health and safety regulations in Asia were highlighted again after 67 workers died when a platform they were working on collapsed on a construction site in China in November. The accident took place on a huge USD1.1 billion expansion of the Fengcheng Power Plant in the eastern province of Jiangxi when a platform holding workers building the power plant’s cooling tower gave way. Xinhua report...
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Chinese join mega satellite city project
- 1 February 2017
Cambodian conglomerate LYP Group and the China Minsheng Investment Group (CMIG) signed an MoU in December to develop a 550-hectare “Cambodia-Chinese Friendship City”. The USD1.5 billion joint venture deal allows for CMIG, China’s largest investment company, to develop the residential area within the 2,000 hectare Garden City satellite city being built by LYP Group 10km north of Phnom Penh. C...
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China seeks partners for local steel mill
- 1 February 2017
Cambodia’s dependency on imported steel for use in its booming construction sector is being seen as an opportunity by China to establish local production capacity. Hangzhou Iron and Steel, a Chinese state-owned enterprise with more than 50 years of experience is seeking partners to build the nation’s first steel production plant according to company executives. Vietnam and China are the main...
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Frence bricks ready to cement local market
- 1 February 2017
Leading French concrete brick manufacturer Plattard Sas has announced it is looking to establish a production presence in the local market. Edouard Plattard, manager of the renowned French company, told a 'Modern construction equipment and new construction techniques of France’ workshop hosted by the MLMUPC, about the quality and advantages of their products. Plattard Sas manufactures bricks...
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Chinese loan sought for Phnom Penh – sihanoukville expressway
- 1 February 2017
Cambodia is seeking a loan from China to enable construction of the long-planned Phnom Penh-Sihanoukville expressway. During a bilateral meeting in the Philippines capital Manila, Cambodian Minister of Public Works and Transport H.E. Sun Chanthol discussed this key infrastructure issue with Chinese vice-minister of Transport, Mr. Dai Dongchang. Mr. Dai promised to submit the request to the C...
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