Ground broken on 62-storey Royal One twin tower
OTK Royal One Co., Ltd. of the Royal Group broke ground on 14 February on the long awaited Royal One International Twin Tower. Located in the heart of city on the corner of Russian Federation Boulevard and Monivong Boulevard, Royal One is a 68-storey building which includes six floors of underground parking. The project comprises […]
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Land prices rise sharply in three Phnom Penh districts
Thanks largely to international companies investing in and developing real estate, especially residential and commercial buildings, Khan Sen Sok, Khan Mean Chey and Khan Dangkor districts in Phnom Penh are experiencing significant land price changes. According to a report by Key Real Estate comparing the land prices in 2017 and 2018, Khan Sen Sok has […]
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Government to Construct US$160 Million Hydro-power Plant in Pursat Province
The government has recently revealed a plan to construct new hydro-power plant costing about US$160 million in Pursat province by the end of 2019, according to the Cambodian People's Party (CPP) webpage.
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Japanese companies eye investment in Cambodia
Fifty-Two Japanese companies are planning to invest in infrastructure development and urbanisation in Cambodia, according to the results of a meeting between representatives of Cambodia and Japan at the Ministry of Land Management and Construction on 11 February 2019. The meeting was the Preparatory Meeting of Public and Private Seminars on “Development of Urbanisation between […]
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Desirable district of Chamkarmon to see more high-end condominiums by 2021
Phnom Penh’s most desirable district Chamkarmon is set to welcome more high-end condominium units by 2021 thanks to the recent ground-breaking ceremony of a 25-storey luxurious condominium project. On 12 February 2019, local real estate firm Century 21 V-Heritage Home Realty invested in its first residential project called ‘Amara Residence’ which is to be built […]
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New Khmer-thai International Checkpoint Ready in 2020
A new Khmer-Thai checkpoint in Banteay Meanchey province at the Stung Bot International Checkpoint, in addition to the Poipet checkpoint, is scheduled to complete construction and open for service by next year, according to a report from the Ministry of Public Works and Transport (MPWT) on 9 February.
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Three New Water and Sewage Facilities to Be Built in Phnom Penh
Phnom Penh Municipality is planning to construct two new underground water reservoirs and a new sewage line to help ease flooding as part of implementing the city’s development masterplan.
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OCIC to develop commercial hub on Kaoh Norea
Renowned Cambodian construction and real estate firm, Overseas Cambodian Investment Corporation (OCIC), plans to develop a huge commercial hub in the heart of Kaoh Norea, according to the company. OCIC Deputy General Director Mr Touch Samnang confirmed to Construction & Property Magazine on 08 February 2019, that the company plans to develop a huge commercial […]
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Construction Sector Milestone: Domestic Cement Production Up to 3.6 Million Tons in 2018
Cambodia produced more than 3.6 million tons of cement at four cement factories in the first nine months of 2018, a positive sign that the construction sector is growing steadily, according to the latest figures from the Ministry of Industry and Handicrafts.
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Aluminium China 2019 Ushers in New Industry Era, Following Positive Performance Indicators
This year’s Aluminium China exhibition and conference, which will be held in July, will again serve China’s rapidly expanding aluminium industry by showcasing new state-of-the-art processes and products in the fields of automotives, construction, transportation, aerospace and consumer durables. Following new green manufacturing trends, Aluminium China 2019 is set to help open a new chapter in the aluminium industry.
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Two types of mall shaping Cambodia retail sector
As the retail sector’s influence on Cambodia’s property development grows, industry players are now focusing on two types of malls that best serve the country’s consumers. Cambodia leading retail firm, Chip Mong Retail (CMR) recently unveiled its ambition to capture retail market share by segmenting the market into community malls and urban malls. “To compete […]
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CDC Approves Four Construction Material Factories Worth Us$35 Million
The Council for the Development of Cambodia (CDC) has recently given permits to four firms to invest a total of approximately US$35 million to establish their construction material business in Cambodia, which are expected to generate at least 1,600 jobs.
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