Q4 Real Estate Market Update: Where are we in the Market Circle?
The real estate market in Q4 2020 remained under pressure from the COVID-19 pandemic, of which retail is the most affected, followed by the office and condominium sectors. Meanwhile, the land and Borey sectors tended to stay robust thanks to the strong financial position and high confidence of the local developers, as well as the […]
Read More
Flood Risk in Cambodia’s Infrastructure Network: How to Prevent and Mitigate Flood Damage?
Water is the most significant partner in the construction sector but can also be the worst enemy in destroying construction achievements; as HE Sun Chanthol once said, “Water is the enemy of the road,” which refers to the damaged-infrastructure caused by the recent floods in the kingdom. Over 3,000 kilometres of local infrastructure, including national […]
Read More
US$140million Sihanoukville Wastewater Treatment Plants 48% Complete
Sihanoukville wastewater treatment plants worth over US$140 million are now 48% complete, according to Sihanoukville Municipal Governor Y Sokleng on 14 January. Speaking at a press conference for the provincial work progress, Mr Sokleng said, “The reason for building this treatment plant is to prevent dirty water from flowing directly into the sea.” He added […]
Read More
Two Renowned Hospitality Groups Form Partnership to Upgrade Services in Flatiron Building
Renowned hospitality group Meridian International Holding has recently formed a partnership with a giant local hospitality firm Thalias Hospitality Group, to enhance the services in the awarding-winning development – Flatiron by Meridian. According to a company announcement, the new partnership will allow Thalias Hospitality Group to manage the F&B segment in the Flatiron Building. The […]
Read More
Over 200 Development Projects Included in Kep Development Master Plan
Over 200 development projects and four major tourism development destinations have been included in the draft of Kep Tourism Master Plan, according to the Ministry of Tourism on 14 January. The purpose of the master plan is to transform Kep into a “high-end luxury tourism destination”, and also to help boost Kep’s tourism potential after […]
Read More
Borey Chea Ry to Launch New Hybrid Villa with Special Discount
Borey Chea Ry will launch a new type of hybrid Villa on 17 January at Borey Chea Ry Sales Office with a special discount. Customers who join the event and book a unit on that day will receive many gifts plus a 10% discount. Located in The Chom Chao 2 project, the hybrid villa is […]
Read More
Gov’t Approves US$100 million Budget Renovating 11 More Roads in Sihanoukville
In addition to the recently-completed 34-road project, the government has allocated another US$100 million for Sihanoukville to renovate 11 more roads in two districts, according to Sihanoukville municipal governor Y Sokleng on 14 January. Speaking at a press conference of the provincial work progress, Mr Sokleng said the 11 roads are already under construction and […]
Read More
Chip Mong Land to Officially Launch the Parkland 6A project on 22 January
Chip Mong Land will officially launch its Parkland 6A inclusive resident project in Chroy Changva district on 22 January, with the ceremony being held at the actual project site located along National Road 6A, Sangkat Prek Leap, Khan Chroy Changvar. At a press conference on 15 January 2021, CEO of Chip Mong Land Oknha Leang […]
Read More
Gov’t Revokes 20-hectare Boeung Ta Mok Land Allocation and Cancels Construction of Sub Military Headquarters
The Cambodian government has decided to nullify the privatisation of 20-hectares of Boeung Ta Mok, and cancel the construction of a sub military headquarters building on 1.5 hectares of land in Daun Penh district, according to Sub-Decree issued 13 January 2021. In December 2020, the government issued two announcements, one of which decided to hand […]
Read More
Gov’t Threatens to Revoke License from Mondulkiri Mine Site if No Gold in 2021
The Minister of Mines and Energy HE Suy Sem has recently warned Rong Cheng Industrial Investment Cambodia Co., Ltd that if no gold os extracted from the Mondulkiri mining site by the end of this year, the government may revoke their business license. According to the Ministry of Information, HE Suy Sem said on 12 […]
Read More
The Parkland 6A: Perfect Housing for Modern Living
Chip Mong Land, one of Cambodia’s leading real estate developers, has unveiled their plan to develop the Parkland 6A, a massive residential project in the Chroy Changvar area which will officially open for sale soon. The senior management team of Chip Mong Land claims that the project has been studied in detail to provide the […]
Read More
Chip Mong Insee Inaugurates New Industrial Waste Storage Factory in SSEZ
Chip Mong Insee Cement Corporation (CMIC) inaugurated a new industrial waste storage factor in Sihanoukville Special Economic Zone on 13 January, with the aim of providing sustainable waste management services to enterprises within the zone. According to the Chip Mong Group Facebook page, this factory has a capacity to store up to 100 tons of […]
Read More