Hypotec in Cambodia Under the Civil Code

Under the Civil Code of the Kingdom of Cambodia, a hypothec, a mortgage under Cambodian law, is created through an agreement reached between a creditor and a debtor or a third party that provides immovable property as security for an obligation. A hypothee shall have the right to receive the performance of his or her claim prior to other junior creditors from the sale of the immovable property tha...

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CCA celebrates 5th annual summit

The Cambodia Constructors Association (CCA) celebrated its successful hosting of its 5th annual summit and 6th CCA Business Networking Party during the 3rd Cambodia Construction Industry Expo on December 1-3, 2016. Held at Phnom Penh’s Diamond Island Exhibitions and Convention Center, the events brought together the leading Cambodian, regional and international construction and property compani...

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Investors Eye Danang

With Vietnam’s real estate sector booming, investors are increasingly looking to central Vietnam and Danang for new opportunities. Danang recently came top of the PCI (Provincial Competitiveness Index) out of the 63 provinces in Vietnam for creating favourable conditions for private sector development. Regional investors from Hong Kong, Singapore, Korea and Japan are all buying property in t...

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Shanghai Tower Named Best Tall Building Worldwide

The Council on Tall Buildings and Urban Habitat (CTBUH) named the Shanghai Tower in China the "Best Tall Building Worldwide" in November. The iconic new landmark was chosen as winner out of 132 entries from 27 countries worldwide after a selection process that lasted a whole year. The tallest building in China was chosen by the prestigious independent jury partly for its innovative design ba...

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Listing on the Cambodia Stock Exchange

The Cambodia Stock Exchange (CSX) is one of the youngest and smallest stock exchanges in the world. The shares of four companies are currently traded on the exchange. The first company to list on CSX was Phnom Penh Water Supply which made its debut on the bourse on 18 April 2012. Since then there have been three additional listings—garment maker Grand Twins International, the Phnom Penh Autonomous...

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Bechtel show interest in Long Thanh airport

Following the approval by the Vietnam National Assembly for construction of a huge new USD16 billion airport in Long Thanh outside Ho Chi Minh City in 2015, leading US engineering firm Bechtel visited Vietnam in December to gain more information about the plan. The visit sparked speculation that Bechtel is considering taking an equity stake in the project, as well as acting as its project manag...

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CCA signs MoU with chinese trade council

As part of its policy of international cooperation, the Cambodia Constructors Association (CCA) signed a Memorandum of Understanding with the Shenyang Sub-Council of China for the Promotion of International Trade (CCPIT) in early December. Established in 2011, the CCA is the privately-run association with over 120 member companies relevant to the building and property industries. The Shenyang S...

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CCA – Funded beach gates inaugurated

After three months of construction, two beach entrance gates funded by the Cambodia Constructors Association (CCA) were inaugurated in Sihanoukville during the 5th Cambodia Sea Festival. Located at Independence Beach, the design of the two beach entrance gates integrated Cambodian architectural style with walkways for pedestrians, grassed gardens, lampposts and a fence. The gates are specifical...

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Hot competition for Philippines airport build

Two of the richest men in the Philippines are competing to develop a new international airport in the capital, Manila. On one side is Belle Corp, part of Henry Sy’s SM Group which is proposing a USD50 billion joint venture with China Communications Construction Co (CCCC). The plan aims to reclaim 2,500 hectares and develop an airport and economic zone at a former US naval station south of Manil...

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World ‘s largest underground city’ planned for KL

Designs have been released by the China Railway Group for the Kuala Lumpar terminal of the Singapore-Malaysia high speed rail line, declaring it set to become the world’s largest underground city. The Bandar Malaysia terminus will feature an underground shopping mall, canals, theme parks, cultural villages and a financial centre, and house the regional HQ of China Railway Group. The KL–Singapor...

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Malaysia & China sign major rail deal

Malaysia and China have signed their largest ever infrastructure agreement to date, paving the way for China to finance and build the East Coast Rail Line (ECRL) across four Malaysian states. Signed during a six-day visit to China by Malaysian Prime Minister Najib Razak, the USD13.1 billion deal will see 600km of railway built to connect Klang Valley, Kuantan, Kuala Terengganu, Kota Baru and Tu...

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Indonesia seeks private investors in ports, airports

Indonesia is seeking private investment in some of the cash-strapped nation’s airports and ports in an attempt to reduce its budget deficit and fund ambitious new infrastructure projects. President Joko Widodo’s government plans to sell up to a 45 percent stake in 10 airports and 20 ports across the country, though would retain state control of the facilities. Bloomberg reported that Transpo...

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