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ខ្មែរ 
Ppwsa Signs Contracts to Build Cambodia’s Largest Water Treatment Facility
- 31 December 2015
The Phnom Penh Water Supply Authority (PPWSA) has signed two contracts worth US$30 million for the construction (SAFEGE) and supervision (Vinci Constructions Grands Projets) of the Niroth 2 Water Treatment Plant. Niroth Water Treatment Plant was designed to be built in two steps. The first stage, “Niroth 1”, has been producing 130,000 m3 of potable water per day since January 2013. The construc...
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Diamond One Opens Sales Center
- 31 December 2015
After construction kicked off over a year ago, the Diamond One condominium opened its sales center in August, targeting high-net worth Cambodians and foreigners seeking luxury residences. Worth $80 million, the condominium is being built by Chinese developer Xin Tian Jian (Cambodia) Real Estate Development which has a background in the mining business. The company has bought 8,700 square meters...
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Prime Minister Samdech Hun Sen Opens Stung Mean Chey Flyover
- 31 December 2015
On 31 July, Prime Minister Samdech Hun Sen officially inaugurated Phnom Penh’s third flyover in Stung Mean Chey to reduce traffic congestion on the capital’s increasingly crowded roads. During the inauguration ceremony, PM Samdech Hun Sen evoked memories of a Phnom Penh without traffic not too long ago, but expressed his hope that, “the launch of the third flyover will respond to the traffic co...
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Toyoko Inn Opens With Plans for More Branches
- 31 December 2015
After 31 months of construction, Japan’s largest economy hotel chain Toyoko Inn has officially opened its doors to welcome local and international guests. Located close to Diamond Island in Tonle Bassac Commune, the 23-floor hotel is a joint venture between Overseas Cambodian Investment Corporation (OCIC), Cambodia’s largest property developer, and Toyoko Inn Group. After breaking ground in ...
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Asean Brief
- 31 December 2015
ASEAN’S TALLEST SKYSCRAPER PLANNED IN BANGKOK A 125-storey office and hotel tower is planned for Bangkok which would make it home to the tallest skyscraper in Southeast Asia. The US$560 million, 615-metre 320,000-sq-meter "Rama IX Super Tower" is scheduled to be completed by 2019. Developed by Grand Canal Land and designed by Architects 49 Ltd, the mixed-use project will offer 90,000 sq mete...
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Gaining Skills to Mitigate Construction Risks
- 31 December 2015
Construction projects are a high-risk endeavor from start to finish. While world construction activities are estimated by CNBC to accelerate by $6.3 trillion, or 70 percent, by 2025, boosted by massive projects especially in Asia, risks and disputes in construction projects are getting more complicated as well. To maximise profit and ensure the projects they handle are completed on time and wit...
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Envisioning Urban Development
- 31 December 2015
The first time I arrived Phnom Penh, I was shocked by some buildings’ designs which had been copied from other countries, and it made me feel like this country’s originality was missing. Many condominiums have been developed very fast but the developers’ priority is often only selling with the essence of quality second. By seeing the only the value as an investment property, residential propert...
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The Bay? Wins 2 International Property Awards
- 31 December 2015
The iconic mixed development, The Bay, has been recognized by the International Property Awards program as the best commercial development in the Asia-Pacific region in two categories; mixed-development and residential development (multiple units) for 2015-2016. This US$500 million mixed hotel-condominium project on Phnom Penh’s Chroy Changvar peninsular is being developed by Singapore-based TE...
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Condo Demand Outstrips Supply
- 31 December 2015
According to data released by Century 21 and echoed by Property Report, supply is hardly keeping up with demand in the condominium real estate sector. Growing numbers of foreign businesses and international employees in Cambodia’s key cities such as Phnom Penh, Siem Reap, and Kompong Som has driven the new residential condo market with international buyers representing 80 percent of the nationa...
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Future Condo Supply Can Impact Serviced Apartment Market
- 31 December 2015
The abandon of condo supply to the market in the next few years will have an impact on the nation’s serviced apartment market. While a recent CBRE Cambodia report counted a total of additional 349 serviced apartments units will serve the market by mid-2016 including the current 5,797 units, the excessive supply of hundreds condo units in the next few years to the market can attract tenants from...
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AEC to Push Urban Growth
- 31 December 2015
Real estate experts across the region are seeing growth in the demand for properties of various types especially as the ASEAN Economic Community (AEC) begins later this year. According to a report by JLL, the establishment of the AEC, comprising a single market of more than 600 million people in ASEAN, can translate to amazing investment opportunities not just in established business hubs like ...
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Kingdom Attracting Singapore Investors
- 31 December 2015
Singapore property investors are increasingly entering the Cambodian residential market, according to Singaporean real estate experts. The first phase of the 17-storey La Vie Residences was launched in Phnom Penh in March by Singapore-based investor Yuen Development and is expected to be completed in Q1 2018. Singapore investors have also bought approximately 20 percent of the units at The S...
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