Property Developer-Owned Banks: Opportunity or Risk for the Real Estate Market?
In recent years, some major property developers in Cambodia have started opening their own banks. Chip Mong Bank and Prince Bank are two main examples of banks owned by well-known large-scale developers. But what is their impact on the real estate market? Real estate expert and CEO of Pointer Nguon Chhayleang explained that while developers […]
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Thai Air Con Manufacturer to Expand Business to Cambodia
Thai air-conditioner and solar power manufacturer PPJ Engineering Co Ltd is planning to expand its business to Cambodia next year as local demand increases thanks to the construction sector boom. According to the Royal Embassy of Cambodia to Thailand, Mr Somkiat Limcharunthon, general manager of PPJ. Engineering Co Ltd gave assurances that the company will […]
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PP-SHV Expressway 27% Complete, Expected to Finish on Schedule Despite Pandemic
The Ministry of Public Works and Transport has confirmed that construction of the country’s first-ever expressway will be completed as planned, although the COVID-19 crisis has slightly affected the construction process. Spokesman for the Ministry of Public Works and Transport HE Vasim Sorya said on 20 November that as of November, construction is 27% complete, […]
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Discover Innovative learning Journey Virtually at LED Expo Thailand + LIGHT ASEAN 2020
The Virtual Exhibition LED Expo Thailand + LIGHT ASEAN 2020 is on-going and approaching the end by today. Mr Kitti Sukhumtanti, Vice President, the electrical and electronics unit of the Federation of Thai Industries (FTI) revealed that LED Expo Thailand, this year organized as ‘The Virtual Exhibition’ offers the most suitable solution for our LED […]
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New MPWT Headquarters 95% Complete, Official Inauguration Soon
The construction of the new Ministry of Public Work and Transport (MPWT) headquarters in Russey Keo district is almost complete and is scheduled to be inaugurated soon. MPWT Minister HE Sun Chanthol said on 19 November that the construction is 95% complete, and there is still some remaining work such as cleaning works, interior decorating, […]
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MPWT: No Official Confirmation from S. Korea on Chroy Chongvar-Svay Chrom Bridge
Although local news outlets are claiming that the South Korean President has confirmed helping Cambodia build Chroy Chongvar–Svay Chrom bridge, a Ministry of Public Works and Transport (MWPT)’s spokesman has said that the ministry has yet to receive any official documents from South Korea regarding the project. MWPT spokesman HE Va Simsorya told Construction & […]
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Construction on Vietnam’s Largest Airport Project to Begin Next Month
The US$4 billion Long Thanh International Airport project, Vietnam’s largest airport, will break ground next month, according to VnExpress. Located about 40km east of Ho Chi Minh City in Dong Nai province, the airport will be built on an area of 1,800 hectares. The first phase includes the construction of a 75-metre wide, 4-kilometre long […]
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Cambodia’s Latest Energy Plan to Bring in More National Gas Power Plants
The Cambodian government plans to build more natural gas power plants in response to the latest-update power development plan, which aims to diversify sources of energy. According to the recently updated energy plan released by the Ministry of Mines and Energy, Cambodia plans to use natural gas to generate up to 3,600 megawatts of power […]
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Let’s Find Out! – Strata-Title Office EP1: What is Strata-Title Office?
When it comes to investing in high-rise buildings, everyone thinks of condos, but did you know that there is another type of real estate that is more profitable to invest in than condos? What is that property?
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Real Estate Veteran Richard W. Davidson Appointed Century 21 Cambodia’s Chairman
Signalling its desire to be the number one company in the Kingdom of Cambodia and throughout Southeast Asia, the Board of Directors of CENTURY 21 Cambodia has recently announced that it has named Richard W. Davidson its new Chairman. Davidson, the former president and chief executive officer of the global franchisor Century 21 Real Estate […]
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Gov’t Allows Reopening of Schools, Stadium, and Other Entertainment Venues
The Cambodian government has recently announced the reopening of schools, stadiums, museums, and other entertainment venues including wedding parties, but with stricter precautionary measures. According to a special audio message from Prime Minister Samdech Hun Sen, released by Fresh News on 18 November, the reopening of the above-mentioned venues aims to boost the economy after […]
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Kep to Build Tourism Seaport on Koh Tonsay Island
The Kep provincial administration has revealed plans to build a Koh Tonsay tourism port , with a firm is currently proceeding with an environmental and social impact assessment. Deputy governor of Kep province HE Ol Phirun said on 18 November that the tourism seaport project has the backing of the ADB and a local firm […]
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