Brother P-touch: Tough Labels for Tough Jobs

Labelling on cables, wires, walls and many other applications can be troublesome and confusing if they are hand-made. But with the P-touch labelling machine, labelling for any tough job is now easy. Designed and produced by Brother Industries, Ltd., the leading Japanese electronics manufacturer, P-touch is designed to handle labelling tasks for any kind of work including in the construction ind...

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Planning for the Future

Hun Chansan, design director for Re-Edge Design + Architect and architecture lecturer at Limkokwing University shares his thoughts on the future of construction and architecture in Cambodia. The Phnom Penh Urban Planning Master Plan was unveiled last year to guide the city’s development until 2035. What are the positive and negative aspects you see in the plan and what would you like to see cha...

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New Minister to Tackle Land Registration

Chea Sophara, the newly appointed Minister of Land Management, Urban Planning and Construction, has said he will focus on speeding up land registrations and resolving land disputes. Sophara, the former Minister for Rural Development and also a former Governor of Phnom Penh, replaced Former Minister In Chhum Lim in early April as part of a wide-ranging cabinet reshuffle. The new minister said...

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Jv Expands Base for Precast Concrete

Cambodian-owned Phnom Penh Precast Plants inked a joint venture deal in early March with leading Thai construction company Vcon Group to diversify its products and gaining a stronger foothold in the market. Phnom Penh Precast Plants expects this joint venture to improve investor confidence and widen its customer base. In addition to the high quality poles, piles, and pipes the firm has been pro...

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HONG KONG PROPERTY SALES PLUMMET

A report on Hong Kong’s property market shows that home sales in the region’s powerhouse economy have plummeted 39 percent quarter-over-quarter to a record low in Q1 2016. JLL’s Hong Kong Property Index for Q1, 2016 shows that sales have dropped to an all-time low of 6,221 units. Joseph Tsang, Managing Director and Head of Capital Markets at JLL in Hong Kong told World Property Journal that,...

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GOV. AIDS 22% THAI REVENUE RISE

Thanks to government measures to boost the property market, Thailand’s leading property developers saw their revenue rise by almost 22 percent year-on-year in Q4 2015.The government incentives made cuts in transfer and mortgage fees and gave a special interest rate for mortgages from the Government Housing Bank. According to Property Report, the net profit of the country’s top 10 property devel...

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D’SEAVIEW Launches Phase 2

Camhomes, a subsidiary of HLH Group, has launched Phase 2 of its D’Seaview mixed property development in Sihanoukville Cambodia, after the 300 units available under Phase 1 were fully subscribed. Located on a 9818 square metre plot just 1km from Sokha Beach, D’Seaview will have an estimated total of 735 residential units, ranging from one-bedroom to three-bedroom options. Phase 1 buyers were a ...

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Cambodia Lags in Retail Investment Plans

The new CBRE report, ‘How Active are Retailers Globally?’, shows Cambodia almost bottom of the list among ASEAN nations for foreign retailers’ investment expansion plans. The report shows 26 percent of surveyed retailers worldwide identified Southeast Asian countries as target markets for 2016. Cambodia was identified as a potential target market by only 2 percent of those retailers with only L...

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HDAC Appoint New President

The members of the Housing Development Association of Cambodia (HDAC) have voted to appoint Oknha Ly Hour as the new president of the group for a three year tenure. Hour is the owner of Borey Vimean Phnom Penh, and CEO of Ly Hour Group. The HDAC membership comprises 30 housing developers who work together to strengthen the sector by providing a platform for members and ministries to share infor...

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ASIAN OUTBOUND INVESTMENT SETS RECORDS

A new CBRE report shows that Asian outbound investment into global real estate assets set new records in 2015. Asian outbound real estate investment in 2015 stood at a record $62.4 billion, a year on year increase of 37 percent. Markets with higher returns continue to lure Asian investors. "While we see dominance of the four major capital sources, namely Singapore, China, Hong Kong and South...

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Huge Investment Drop Worries Malaysia

Malaysian authorities have expressed concern at the impact that a 70 percent drop in real estate investments between 2014 and 2015 may have on other areas of the economy. Approved investments in Malaysia’s real estate sector fell from $21.67 billion in 2014 to just $6.58 billion in 2015 according to the Malaysian Investment Development Authority (MIDA) International Trade and Industries Ministe...

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OCIC WINS AT PROPERTY AWARDS SWEEPS PROPERTY AWARDS

Cambodia’s leading developer, OCIC wins award and is highly commended in two categories at the Cambodia Property Awards on 25 February. Overseas Cambodian Investment Corporation (OCIC) won the Best Mixed-Use Development prize for Olympia City, while its flagship project was also highly commended for the Best Development award. OCIC itself was highly commended in the Best Developer category. ...

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