US Firm Selects Sihanoukville for Real Estate Agent Training Campaign
Century 21 Zillion Holding chose Sihanoukville as the first province after Phnom Penh to launch its mega campaign of training 3,800 qualified real estate agents nationwide. The campaign is considered a strategic move against the COVID-19 crisis, as it can help boost the economy by creating more jobs. The training event was held on 24 […]
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Indonesia invites Japanese companies to cooperate on rail link extension
With China and Japan bitter rivals for the controversial Jakarta-Bandung high-speed rail link and China emerging victorious with the US$6 billion contracts, the government of Indonesia is now welcoming Japanese companies to bid on an extension of the route from Bandung to Surabaya. Indonesian Economic Affairs Minister Airlangga Hartarto made the integrated rail link extension […]
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New Shopping Mall Construction Overshoots Local Demand
The number of shopping malls has been increasing rapidly while the local demand and average purchasing power have yet to catch up, indicating that the retail market in Cambodia is oversupplied, according to a Nikkei Asian Review report on 24 July. Real Estate Consultancy Knight Frank predicted that by the end of 2022, the total […]
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Tips to Choose High-Quality Steel Pipe
The Cambodia construction sector has been growing rapidly for the past few decades, as seen by a huge number of small and large projects spreading nationwide. Steel indeed plays an important role in this rapid growth. Thus, it is essential to choose the right type or quality of steel for your construction. How do we […]
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Ministry of Interior Investigating Forest Land Encroachment Cases in Mondulkiri
The Minister of Interior Samdech Sar Kheng has established an inter-ministerial team to investigate all protected land encroachment cases in protected areas in Mondulkiri province. According to the official decision dated 22 July, the main task of the team is to investigate each case listed in the Council of Ministers Office’s report dated 12 June […]
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New Bridge to Cross Kampong Bay River
The Kampot Provincial Administration, in collaboration with the China Road Company, is planning to build a new bridge crossing the Kampong Bay River, in response to the highly congested traffic caused by growing numbers of tourists. The new bridge project was discussed at a meeting between Kampot Governor H.E Chev Tay and China Road’s representative […]
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Psar Deumkor Market Pedestrian Bridge Officially Opened
The new Psar Deumkor market pedestrian bridge was officially opened on the morning of 24 July 2020 after construction first began in late 2019. The bridge is located at the junction of Mao Tse Tong Blvd and 336 street in Toul Kork district. Construction of the pedestrian bridge began on 28 December 2019 and was […]
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ASEAN real estate businesses seek solutions for growth post-COVID-19
Over 80% of businesses across the Asia Pacific are seeking solutions to restructuring their real estate portfolios as the COVID-19 lockdown begins to ease amid a ‘new normal’ across the region, according to a survey by JLL. Many are searching for alternative solutions to keeping their business operations including implementing modifications to their offices. The […]
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New Phnom Penh International Airport Expresses Cambodia’s Ambition to Promote Economic Growth Amid COVID-19
Cambodian Prime Minister Hun Sen’s inspection visit to the construction site of the new Phnom Penh International Airport on 22 June 2020 was more than a symbolic inspection and represented a strong endorsement of the airport project and the health of the nation’s construction sector. The prime minister also approached the visit from the perspective […]
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Government Urges Public to Cease Occupying Border Areas, Threatens Lawsuit
The head of the Royal Government Spokesperson’s Unit H.E Phay Siphan, warned at a press conference on 23 July that occupying land along the border, in particular the Cambodia-Vietnam border in Takeo province, is illegal, and called for an immediate end with those ignoring the order potentially facing legal action. “The land along the Cambodian-Vietnamese […]
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K MALL to Open on Veng Sreng Road in 2021
The new K MALL being built on 6 hectares of land along Veng Sreng Road is scheduled to open by 2021, according to a press release from the developer Urbanland on 20 July 2020. Located along Veng Sreng Road or about 2.5 km from Stung Meanchey district, the project is the first phase of the […]
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How Chinese buyers disappeared from the Cambodian real estate market and the impact on local sellers
By Eric Wong Chon Lap The local Cambodian market has lost its most important source of inbound investment, as the coronavirus pandemic clouds the economic outlook and keeps Chinese investors from travelling to Cambodia. This is in stark contrast to a few years ago when Chinese investors were snapping up condominium spaces. A lot of […]
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