White Building To Be Demolished?

The White Building, one of the most famous buildings in Phnom Penh has been the subject of recent controversy over whether or not it has been slated for demolition. The story gained extensive media coverage following an announcement by Phnom Penh Governor H.E. Pa Socheatavong in early September. According to the Municipality of Phnom Penh in a press conference at the time, inspectors from the m...

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Knight Frank Asia-pacific Prime Office Rental Index

LITTLE RENT MOVEMENT ON SHOW IN ASIA-PACIFIC PRIME OFFICE MARKET Knight Frank’s Asia-Pacific Prime Office Rental Index declined 0.7% in the second quarter of 2014, despite a 0.3% drop in the regional vacancy rate Eight of the prime office markets tracked saw prime rents soften in Q2 2014, with eight equally seeing rental growth; four markets recorded no rental movement. Half of the market...

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Casa Meridian Partners With Century 21 to Boost Sales

To boost sales for its remaining units, the Casa Meridian condominium has strategically partnered with Century 21, the world’s largest real estate broker. Through an endorsement agreement signed on 8 October, 2014, Century 21 Cambodia has endorsed Casa Meridian and now leads the sales of units in the capital’s newest skyscraper. The deal gives Casa Meridian access to Century 21’s 7,000 affiliat...

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Leed Founders Win Un Award

The United Nations has highlighted the importance of energy efficient buildings in reducing carbon emissions by presenting its top environmental award to the US Green Building Council (USGBC). The Champions of the Earth award was won by USGBC for its role in founding the globally recognised LEED green building rating system. USGBC said in a statement that LEED certifies 1.7 million square fe...

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Chinese Developer Considers $10bn Deal for Australian Homebuilder

Chinese property developer Country Garden is negotiating to buy Meriton, Australia’s largest residential builder. Chinese construction firms’ have been increasingly looking to expand outside China because of concerns over domestic overcapacity and slowing sales. Triguboff has put a value of A$10bn ($8.7bn) on the company, a price tag that would make him the second richest person in Australia...

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Comin Khmere Receives (Bs) Ohsas 18001:2007 Certificate

After years of commitment to strong business, quality and safety standards for its construction-related services, Comin Khmere Co., Ltd has been recently accredited the (BS) OHSAS 18001:2007 certification for a period of three years by BM TRADA, a UK-based international independence certification provider to businesses around the world. The OHSAS 18001:2007 certification recognizes that the pol...

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Building Projects Up While Value Down in 2014

Cambodia recorded a rise in the number of construction projects last year, while its total construction value was down against 2013. The Ministry of Land Management, Urban Planning and Construction approved 1,960 construction projects with a total construction area of 6.4 million square meters worth a total of US$2.5 billion last year. This was a rise of 339 projects over 2013 when 1,641 projec...

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Cambodia?s 24th Province Breaks Ground

After being officially established and included into Cambodia’s administrative system in 2014, infrastructure construction for the nation’s 24th province, Tbong Khmum, kicked off in early January. Divided by the Upper Mekong River, Tbong Khmum Province was carved out from Kompong Cham Province in the east of Cambodia that stretches across the central lowlands of the Mekong River. It borders the...

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Chinese Developer Builds World?s Tallest Pre-fab Skyscraper in 19 Days

A developer in the Chinese province of Hunan has built a skyscraper in just 19 days using a prefabrication technique designed to save energy and reduce pollution. The 57 storey, 2 million square foot tower built by Broad Group contains 800 apartments and has enough office space for 4,000 workers. The building was erected at a rate of 3 floors per day. The prefabrication technique avoided 15,...

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Scaffold Collapse in Vietnam Kills 14

At least 14 construction workers were killed and 28 others injured when scaffolding collapsed at a construction site in central Vietnam on 25 March. At least 40 workers were on the 20-meter high scaffold in Ha Tinh province when it suddenly disintegrated. All the victims were Vietnamese subcontractors hired to work on a seaport breakwater project. The incident took place at the Son Duong sea...

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Hongkong Land Landmark Building Launches New Name

After breaking ground in September 2013, Hongkong Land’s landmark tower was appointed the official name EXCHANGE SQUARE in February 2015. The EXCHANGE SQUARE is located in the centre of Phnom Penh’s emerging financial district, where parks, major boulevards, government ministries, and the original French colonial administrative centre are in close proximity which allows tenants to conveniently ...

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Alstom to Build $us1bn Plant in Thailand

Alstom, with Japanese trading company Marubeni Corporation, have signed an agreement with the Electricity Generating Authority of Thailand (EGAT) to build the new unit at Mae Moh power plant. Alstom has a US$560m share of the US$1bn EPC contract. This new unit will replace existing four older units. Upon completion in 2018, it will produce 600MW of electricity. Alstom said the new unit will ...

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