English 
ខ្មែរ 
Vietnamese firm’s growth has market baffled
- 1 February 2017
An unprecedented rise in the value of a relatively unknown Vietnamese construction company had markets baffled in November. Faro Construction and parent developer FLC Group are building a number of large projects including the USD250m Samson Beach and Golf Resort in Thanh Hoa province and the USD330m Quy Nhon Beach and Golf Resort in Binh Dinh. Faro was listed on the Ho Chi Minh stock exchan...
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China to build artificial islands in Philippines
- 1 February 2017
The Philippines has signed a contract with China to build four artificial islands in the city of Davao. The massive 208-hectare development along 8km of coastline is part of a major port, commercial and entertainment development program in Davao city. The agreement between Philippines’ Mega Harbor Port and Development Inc. and state-owned group China Communications Construction Co. (CCCC), w...
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Public Housing Could Rely on Private Sector
- 1 February 2017
As property experts increasingly recognise the need to shift focus to affordable and public housing, the government is supporting the private sector to drive development of housing projects for low to middle income families. Though the Ministry of Land Management, Urban Planning and Construction (MLMUPC) has been working to draft a national policy on public housing, it acknowledges that it does...
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Australian Group Invests in Low-Cost Housing
- 1 February 2017
An Australian and Cambodian joint venture is set to launch an affordable housing project aimed at newly-married couples looking to purchase their first homes. The chairman of the Australian partner, Cate Group, told the Khmer Times that their joint venture is investing USD25 million in the first phase of the project located in Por Senchey and Dangkor districts in Phnom Penh. The 1000-unit ph...
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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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