Sand from Cambodia contributing to Singapore land growth
A UN report has detailed how rising global demand for sand and gravel is having a negative impact on developing economies with Singapore in particular singled out for its aggregate appetite. With global demand tripling in the last 20 years and now at 50 billion tonnes per year and predicted to rise by 5.5% a […]
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Phnom Penh to see a significant increase in strata-title offices
With a decrease in supply of centrally-owned office space, Phnom Penh is to see a significant increase in strata-title offices over the next few years as more international developers are entering the market, according to an international real estate agent. Speaking by telephone with Construction & Property Magazine on 19 July, Mr James Hewson, manager […]
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Environment ministry gives green light to Cambodia Cement Chakrey Ting Factory in Kampot
The Ministry of Environment (MoE) gave the green light on the Environmental and Social Impact Assessment (ESIA) on 23 July for the Cambodia Cement Chakrey Ting Factory in Kampot. Cambodia Cement Chakrey Ting Factory was initiated in 2014 with a US$100 million investment in Phnom Teach Village, Kandal Commune, Teuk Chhou District, Kampot Province covering […]
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Samdech Sar Kheng tells residential owners to report their foreign tenants
In a bid to control the presence of foreigners living in Cambodia, the Deputy Prime Minister has told all residential property owners to report their foreign tenants. The directive was made after some owners have not understood their obligations and have not complied with the law. In a letter signed on Friday by Samdech Krolahom […]
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The future of infrastructure developments and the construction industry in Cambodia
In the past decade, Cambodia has launched ambitious infrastructure developments toward building much needed airports, bridges, dams, roads and seaports. However, Cambodia still ranks 112 out of 137 nations in terms of infrastructure ranking, lagging behind most of its Southeast Asian neighbours according to the World Economic Forum’s latest Global Competitiveness Report. It revealed that […]
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Lumiere Residence set new property landmark in Phnom Penh
Following the success of Lumiere Hotel, Singapore-based Lumiere Hospitality (LH) opened its second project in Phnom Penh on 21 July which will set another hospitality landmark for the city. Known as the Lumiere Residence, this 25-storey building comprises of luxury hotel rooms and apartments which are elegantly designed and laid out, equipped with a rich […]
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Construction complete for National Road No.55
Following 42 months of construction, National Road No.55 connecting National Road No.5 to the border of Trat Province, Thailand, has been completed, according to the Ministry of Public Works and Transport (MPWT) on 22 July 2019. Constructed by China Road and Bridge Corporation (CRBC), this 180-kilometre long, 9 metre wide road links National Road 5 […]
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Conglomerate Chip Mong Group plans more than US$300 million for retail investment
Chip Mong Retail, a subsidiary of conglomerate Chip Mong Group is planning to invest more than US$300 million in the retail sector to capitalize on this rapidly growing market as announced at their 19 July gala dinner at the Sofitel Phnom Penh Phokeethra. Utilising over US$300 million of long-term investment in addition to holding desirable […]
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IKO Sales International: a Solid Choice
How do you see construction sector in Cambodia? I see a very positive evolution in the construction sector in Cambodia with business development opportunities for IKO.
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UK-based hotel chain to open in Cambodia
Yoo Hotels and Resorts based in the United Kingdom has revealed plans to open a hotel chain in Cambodia in response to rising tourist numbers in the country. Entitled the ‘Yoo2 Lifestyle Brand’ project, the British Yoo Hotels and Resorts will expand branches in Southeast Asia in the next three to five years. The project […]
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Construction investment value increases more than 57% in H1 2019
The value of investment in the Cambodian construction sector reached more than US$3 billion in the first six months of 2019 driven by residential and commercial projects, according to the Ministry of Land Management Urban Planning and Construction (MLMUPC) latest figures. As of June 2019, the ministry approved 2,047 construction projects with an estimated investment […]
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Developers Encouraged to Plan for Green Space
The Ministry of Land Management, Urban Planning and Construction and the Ministry of Environment have called for project owners and developers of residential building projects to consider the principle
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