Phnom Penh’s Evolving Retail Establishments
With an official population of close to 2 million and a growing middle class, coupled with economic growth and changing consumer behaviors, Phnom Penh’s retail property market has been very dynamic over the past five years.
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Strata Title Office and Residential Condominium Investments
In Cambodia, the idea of Strata-title office buildings where individual units is being sold has not been favoured by end-users or investors.
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CBRE: Phnom Penh Retail Supply Increases by 43% in Q2 2018
Retail real estate supply in Phnom Penh was recorded to have risen by 43% in Q2 of 2018 compared to Q1, according to the latest report by CBRE Cambodia.
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Aluminium China 2018 attracts more than 20,000 visitors
ALUMINIUM CHINA 2018, China’s annual aluminium industry exhibition, hosted in conjunction with “Lightweight Asia 2018” successfully attracted more than 2000 people visitors this year. Organised by Reed Exhibitions Greater China, Aluminium China 2018 was held from 11 July to 13 July, 2018 at the Shanghai New International Exhibition Centre (SNIEC) and attracted 24,789 professional industry […]
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Japan to inject over US$1 billion to construct huge safari park in Cambodia
In a bid to promote the country’s eco-tourism as well as preserve wildlife, the Royal Academy of Cambodia (RAC) has signed a memorandum of understanding (MoU) with Japanese firm BM Nature Safari Co., Ltd to create an eco-tourism park in PreahVihear Province. Signed in July 2018, the new project is located inside the TechoSenRusseyTreb Park […]
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Siem Reap to welcome US$70 million Cambodia-China Cultural and Creative Park
According to the firm’s announcement, the project broke ground on 19 July and is scheduled to open for the public in early 2020.
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Showcase comprehensive SE Asia seaside resort breaks ground in Sihanoukville
Photo by The Prince Tian Xi Wan Prince Real Estate Group (Cambodia) on 1 August broke ground on The Prince Tian Xi Wan project—the first comprehensive seaside resort of its kind in Cambodia and Southeast Asia. Located in Sangkat Bey, Sihanoukville, the Prince Tian Xi Wan has a total building area of over 300,000 square […]
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The importance of the dispute resolution clause in the construction contracts
Parties who enter into a construction contract generally do not pay attention to the dispute resolution clause of their contract. However, the drafting of this clause is very important as it can significantly impact the chance of enforcement of their judgment in Cambodia. In the last five years, there has been significant growth in the […]
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Credit for Construction and Real Estate Sectors Remains Robust
The financial stability risk assessment in Cambodia by the National Bank of Cambodia (NBC) has shown that credit for the construction and real estate sectors remains in good condition due to the low rate in non-performing loans.
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PM officially inaugurates Prek Pnov-Phnom Penh-Takmao water taxi
Prime Minister Samdech Hun Sen presided over the official launching ceremony of water taxi from Prek Pnov to Takmao on 1 August, following the soft opening in April. There are currently four boats in service on this first taxi service of its kind in Cambodia of which two were bought from Vietnam and two are […]
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Construction of the five-star Prince Times Hotel completed
Construction of the luxury five-star hotel Prince Times Hotel located in the heart of Sihanoukville Province has been completed and is scheduled to open next month. On 31 July, Prince Times Hotel Management Co.,Ltd, a subsidiary of the giant Chinese property developer Prince Real Estate Group (Cambodia) announced that the construction of its 193-key hotel […]
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Renovations on National Road 3 begin
Renovations on National Road No.3 have begun, according to H.E Sun Chanthol, Senior Minister and Minister of Public Works and Transport (MPWT). During a visit to follow up on the construction project along National Roads 41, 3 and 33, H.E Sun Chanthol said construction of the Chom Chao-BekKoos junction along National Road 3 has commenced. […]
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