First Japanese Tile Factory Opens Cambodia
The opening of the first Japanese tile factory in Cambodia means that customers will now have easy access to a range of high quality corolla tiles. With an initial investment of over USD1 million for its first stage, Omura Concrete Co., Ltd set up its production plant in Kean Svay district, Kandal province in July to supply Cambodia’s growing construction market. “This factory has been estab...
Read MoreCCA to Organise Overseas Business Tours
With strong support from the Ministry of Land Management, Urban Planning and Construction (MLMUPC), the Cambodia Constructors Association (CCA) has announced plans to organise overseas business tours for representatives of member companies to enhance their professional knowledge and gain updates on the latest inter- national building technologies. Following a meeting on 23 June where H.E. Chea ...
Read MoreCCA to Finance Two Beach Entrance Gates
The Cambodia Constructors Association (CCA) has announced it will finance the construction of two beach gates at Independence Beach. During a 23 June meeting with H.E. Chea Sophara, Minister of Land Management Urban Planning and Construction (MLMUPC), Neak Oknha Pung Kheav Se, the CCA chairman proposed that the assocation would contribute to the cost of the two beach gates at Independence Beach...
Read More3rd CCA Building Expo to showcase Global Brands
With three months to go until the 3rd Cambodia Construction Industry Expo 2016 in December, dozens of leading global and local building and property brands have already confirmed their presence in the fair. Scheduled for December 1-3, 2016 at the Diamond Island Exhibition and Convention Center, the fair is organised by the Cambodia Constructors Association (CCA) which represents constructors in...
Read MoreProperty Acquistition Awareness in Cambodia
Before buying real estate in Cambodia, the buyer needs to be aware of basic background details related to the property. It is quite important to have a professional conduct due diligence to determine the form of property title, nature/use of land, location specifics; as well as associated risks. A proper search should reveal the legal status of owner, whether there are current or former encumbr...
Read MoreTaiwanese Investors Bank on Capital’s Property Boom
Taiwan is no longer the paradise for landlords it once was in the past. Gross rental yields are now unusually low, which is often a sign of an overvalued market. It is common for high-net worth investors to own more than one property for their own use. Wealthy Taiwanese having excessive savings is one of the factors that have driven speculation in overseas property markets such as Cambodia.Thes...
Read MoreChinese Plan Mega-Resort for SihanoukVille
As part of the One Belt, One Road strategy, a group of Chinese investors have announced a plan for a USD3 billion international resort development project in Sihanoukville province to capitalise on the Kingdom’s prospering tourism industry. The Meas Prak (gold and silver) Beach Resort Development Project will be developed on 337 hectares of land, some 18kmfrom Preah Sihanoukville and 7.3km from...
Read MoreCambodia Property Awards 2017 Launched
The Cambodia Property Awards 2017 were launched at the beginning of July, signaling the second time the region’s most prestigious real estate awards have hosted a round in the kingdom. A formal press conference on 6 July 2016 at the Empress Room of Raffles Hotel Le Royal was followed by an evening launch party at the Chinese House in Phnom Penh. The inaugural ceremony that took place on 25 Febr...
Read MoreA Long Road Ahead for AEC Design Culture
With the advent of the ASEAN Economic Community (AEC), our economies are increasingly dependent on one another for products and services, and many architecture and design firms are competing for the first time in a regional market. International practice has become a reality for design firms. AEC member states are becoming vibrant spaces for experimentation, a process in which culture has come to ...
Read MoreInterior Design Key to Success
There is little doubt that the ASEAN Economic Community (AEC) will continue to spur the growth that has caught the eyes of investors across the globe on Cambodia. For new businesses, franchise opportunities or head offices, architecture and interior design can play a large role in success. First impressions make a big impact, and impact is what investors are looking for. A quality interior c...
Read MoreConstruction Investment Rises Steeply
Investment in the construction sector rose steeply by 719 percent to a reported value of USD7.1 billion in the first seven months of 2016 compared to the same period last year, according to the Ministry of Land Management, Urban Planning, and Construction (MLMUPC). Lao Tip Seiha, undersecretary of state at MLMUPC told the Phnom Penh Post that 1,500 projects had been approved since January, and ...
Read MorePpsez to Build Factories for Rent
The Phnom Penh SEZ is to start constructing leasable factory units as a way of increasing revenue at the nation’s struggling flagship industrial park. The park’s business model has so far been structured around international companies buying land and then building their own factories.But a decline in Japanese investment and overall profits has forced the PPSEZ to diversify its approach. “We ...
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