What Is Missing in Phnom Penh’s CDB?

Phnom Penh offers ample choices of restaurants, but when it comes to authentic restaurants with quality food in the Central Business District (CBD), very few meet the requirements of good ambience, tasteful décor, five-star service and good parking space. Those that do without being unreasonably expensive attract significant business. In the daytime, the areas around Wat Phnom are the hub of Ph...

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Olympia City Offers 95% Loans for 25 Years

To help facilitate buyers to acquire their dream homes at the centrally-located Olympia City, the developer is now offering loans of up to 95 percent of the property price with payment terms of up to 25 years. Developed by Overseas Cambodian Investment Corporation (OCIC), Cambodia’s leading developer which is behind dozens of property developments, the Olympia City development is being financed...

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Wealthy Cambodian Buyers Investing in Australian Properties

Australia has long been a destination of choice for property investors looking for overseas investments. The lifestyle, language, healthcare services and educational opportunities reinforces the country’s position as a world-class destination for investors. It has always been viewed as a safe haven with a strong and established legal structure, asset protection and multi-cultural society. “Cambodi...

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Cambodia Architect & Decor 2017 Expo Brings the Best of International Design to Cambodia

For its 2nd edition from June 8th to 10th, Cambodia Architect & Decor will welcome 150 local and international brands to showcase their latest innovations, seek new opportunities and exchange on the growing importance of design in Cambodia’s booming construction market. The event will also host an educational seminar, a student design competition and a networking architect dinner, in additi...

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China Building Collapse Claims Seven

The simultaneous collapse of four residential buildings in eastern China claimed at least seven lives in February. According to news agency Xinhua, the five-storey buildings collapsed early in the morning of 2 February in Dahui village, Baizhangji township, Wenzhou, an industrial city in eastern China’s Zhejiang Province. The collapse reportedly killed seven and buried a further nine. An inv...

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Malay-s’pore Rail Link Contracts Sealed

Malaysia and Singapore have announced the winners of key contracts for the showcase Kuala Lumpur – Singapore high speed rail link. US engineering giant Aecom will provide engineering consultancy services such as advanced engineering studies as well as architecture, civil engineering and M&E services to the Singapore end of the line, including for the iconic Jurong East terminus. Meanwhile, ...

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Malaysian Builders Protest at Foreign Worker Ruling

A new initiative by the Malaysian government for construction firms to pay an increased levy for every foreign worker has resulted in protests from the industry. As of 1 January 2017, construction companies were required to pay a fee of USD413 per worker, up from USD213. Employers of the estimated 900,000 foreign workers believe this will extract a further USD447m from the industry, making it l...

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40km stretch of National Road 6A opens

After 48 months of construction, the new 40km stretch of National Road No. 6A officially opened to traffic in early April. The road connects Prek Leap commune in Phnom Penh’s Chroy Changvar district to the junction of Kompong Cham’s Batheay district. The new segment, ranging between 7 to 20 metres was financed by a USD70 million loan from China. Construction kicked off in January 2012 and was b...

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Cambodia’s mega stadium to go online in 2021

Some facilities of the Morodok Techo National Sports Complex are already operational with the main stadium aiming to be fully completed in 2021, two years before the nation hosts the 32nd SEA Games. Inaugurated by Cambodian Prime Minister Samdech Hun Sen on 4 April, facilities already completed include the international standard swimming centre and the indoor competition center. The swimmin...

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Investment Insight : Construction Permit Process

A permit for construction of buildings (“Construction Permit”) is mainly regulated by Sub-Decree #86, adopted by the Royal Government of Cambodia on 19 December 1997. Under this Sub-Decree, all individuals, public or private entities shall have the rights to construct a building on their own titled land. All constructions (new construction, reconstruction, major renovation, expansions, and ...

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Phnom Penh’s Biggest Road Opens

Samdech Hun Sen Boulevard, Phnom Penh’s biggest road was officially opened to commuters in early April. Named after the Cambodian prime minister, it will serve to ease traffic congestion in the capital’s southern region. Stretching more than 9km in length, the avenue connects Street 271 near Kbal Thnal junction in Phnom Penh’s Meanchey district in the north to National Road 2 at Prek Kampue...

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INVEST IN FIRE SAFETY: SAVE YOUR PROPERTY… SAVE LIVES

Cambodia is rapidly developing with Phnom Penh’s ever changing skyline representing the country’s economic growth and development. Thus as the city continues to expand with increasing high density living, so too does the risk of fire outbreak. Fire Risk is Real Last year 14 people died and 54 were injured in 612 reported incidents of fire (22 more than in 2015), according to the Ministry of...

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