Experts Share 7 Key Strategies to Succeed in Real Estate Investment
When talking about investment with high returns in Cambodia, real estate is frequently one of the top choices. However, real estate investment is almost similar to gambling. Some succeed and become millionaires in just a short period, while some fail and end up being in debt. Our Construction & Property Magazine reporter sat down with […]
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Siem Reap 38-Road Renovation Project 17.5% Complete
As at 25 January, the 38-road renovation project in Siem Reap is 17.5% complete and still expected to finish as scheduled by the end of this year, according to the Ministry of Public Works and Transports (MPWT). The progress was revealed during a meeting between Deputy Prime Minister Tea Banh, other relevant ministers and officials […]
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Century 21 Signs MoU with BRED Bank to Cut Red Tape on Mortgage Procedure
US-based real estate firm Century 21 (Cambodia) signed a partnership MoU with French-based BRED Bank (Cambodia) on the morning of 28 January to help assist and cut unnecessary red tape in property financing procedures for buyers who purchase property via the Century 21 Cambodia Network. The MoU was signed between Cambodia’s Chief Operation Officer Mr […]
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State Secretariat of Civil Aviation to Set Up Compliant Helicopter Landing Procedures at Koh Pich
Officials from the Secretariat of State for Civil Aviation (SSCA) inspected the safety of the helicopter landing site at Koh Pich on 28 January and plan to set up a compliant landing route or known as flight procedures design (SID/STAR) there as well. According to Capt. Khan Vanna, Director General for Technical and Operations of […]
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Solar Power Plant in Siem Reap Goes Online, More Scheduled Nationwide
A 32-kilowatt solar power plant in Siem Reap province officially went online on 27 January, with three more large-scale solar power plants with a total output of over 110 megawatts scheduled to start operation across the nation in 2021. Located at the Sok An Phnom Kulen Orchid Research and Conservation Center, the 32KW plant can […]
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Gov’t Designates Two Mountains as Natural Heritage Sites
The Ministry of Environment (MoE) has designated two natural mountains in Kampot as natural heritage sites to protect their ecosystems for the benefit of all generations, according to Sub-Decree No.12 and Sub-Decree No.13 dated 22 January 2021. The first site is Preah Kuhear Mountain, which has a total area of 25 hectares and is located […]
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Recent Infrastructure Renovation in SR and SHV Tip of the Iceberg for Future Masterplans
According to a local analyst, the infrastructure renovation projects such as the 34-road project in Sihanoukville and the 38-road project in Siem Reap are just the model or small parts of the government’s future master plan to enhance infrastructure nationwide. President of the Cambodia Valuers and Estate Agents Association (CVEA) Chrek Soknim said in a […]
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MEF: Cambodia Construction and Property Sectors to Grow by only 2.9% and 2.7% in 2021
The construction and property sectors are projected to grow by 2.9% and 2.7% in 2021 respectively, after contracting by 2.4% and 4.9% in 2020, according to the Ministry of Economy and Finance Latest’s Macroeconomic Report. These drops for both sectors were due to the effect of the COVID-19 pandemic, which reduced foreign investment and demand. […]
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US$30 million 26-storey Office Building Topped Off
The 26-storey Maritime Tower office building has been topped off and is expected to open for operation within this year, according to the developer’s announcement during the topping off ceremony on 26 January. Located along 60m Road, the project is an investment and development by Maritime Asset, a subsidiary of the Maritime Group with an […]
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Continuous Government Infrastructure Development Deters Real Estate Market Slowdown
Due to the COVID-19 pandemic, overall real estate transactions in 2020 decreased by 15%- 20%, yet the average sales price remains robust, according to the Cambodia Valuers and Estate Agents Association (CVEA). Given those figures, Cambodia has tended to do better compared to neighbouring countries. There are many factors contributing to this robust market; however, […]
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Gov’t Starts Demarcating Land for Battambang Airport Renovation Project
Battambang local authorities have already started demarcating and registering land ownership at the Battambang airport site while waiting for the actual renovation project to begin soon. Battambang Deputy Governor of Province Soeum Bunrith said on January 25 that the demarcation is being done both in Sangke district and Battambang city for future reconstruction. “People who […]
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Japan Hands Over New US$30million Facilities to Teacher Education Colleges
The new facilities and other infrastructure at the Phnom Penh and Battambang Teacher Education Colleges, which were built using the Japanese aid grant of over US$30 million, have been completed and handed over. According to a Japan International Cooperation Agency (JICA) announcement on 25 January, the handover ceremonies of the buildings were held separately. One […]
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