Sales Launched for Kandal Province Affordable Housing Project

Borey Monorom Preaek Ta Teaen

B&BM Development Co, Ltd launched official sales for their affordable housing project Borey Sen Monorom in Kandal province on 12 July.

Located along National Road No. 5 (22km from Wat Phnom) in Preaek Ta Teaen Commune of Kandal province, the project comprises of more than 5,000 housing units which are being built on approximately 82 hectares of land. The project also includes a supermarket, bus terminal, as well as other amenities.

The project is operating through cooperation between B&BM Development Co ,. Ltd and the Cambodian government though the Ministry of Land Management, Urban Planning and Construction, aiming to provide affordable housing to low and medium income buyers. Therefore, the price rank of the house within the project starts from about US$25,000.

This project is the second private sector-government joint project following the first affordable housing project by World Bridge in Sa Ang district.

Ground was broken in May last year by Land Management, Urban Planning and Construction Minister H.E. Chea Sophara, and the project is now still at the first stage of construction. At this stage, the company is currently building the gate, roads, and other infrastructures inside the project. Meanwhile, the whole project is scheduled to be completed within two and a half years.

According to the sales officer, more than 200 units have already been sold.

Besides these projects, the Phnom Penh Special Economic Zone also plans to break ground on its 3000 unit affordable housing project this upcoming November.

Regarding the housing issue in Cambodia, the government’s 2014 National Housing Policy reported that by 2030 an extra 1.1 million houses will be needed to fulfill the demands of the rising population. Among that, Phnom Penh alone will need about 800,000 houses. (read more)

 

- Video Advertisement -

Related Post

Henan Provincial Administrative to Invest in Agro-Industrial Park in Cambodia

The Henan Provincial Administrative of China has announced plans to invest significantly in Cambodia to establish an agro-industrial park focused on agricultural product processing. This development was revealed during a recent meeting with His Excellency Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC), and a […]

Thailand is accelerating major projects to become the largest transportation hub in ASEAN

Thailand is accelerating efforts to become the leading transportation hub in Southeast Asia by developing major infrastructure projects, including cruise ship terminals, a new airport, and flyovers. Deputy Minister of Transport Manaporn Charoensri emphasized the country’s strategic geographic location, which positions it as a central transit point in the region. Key initiatives include constructing three […]

Thailand to Invest USD 11 Million in Border Fence with Cambodia

In a move to bolster border security, Thai authorities have announced plans to construct a 55-kilometer fence along the Cambodian-Thai border in Sa Kaeo province, with an estimated budget of 395 million baht (approximately USD 11 million). This significant development was reported by Radio France Internationale (RFI) on February 13, 2025. Deputy Prime Minister Phumtham […]

Takeo Province to Invest Over USD 2 Million in New Temple Project

In a move aimed at enhancing cultural heritage and boosting tourism, provincial authorities have announced plans to invest more than USD 2 million in the construction of a new temple located in the heart of Lake Takeo. The initiative was disclosed at a meeting led by Mr. Vy Samnang, Governor of Takeo Province. Governor Wei […]

BYD to Establish Vehicle Assembly Plant in Sihanoukville Economic Zone

In a significant boost to Cambodia’s automotive industry, BYD, China’s leading electric car manufacturer, has announced plans to establish a vehicle assembly plant within the Sihanoukville Special Economic Zone. The project, which involves an investment of USD 32 million, is expected to create over 200 jobs and contribute to the local economy. The assembly plant […]

Cambodia Welcomes 12 New Investment Proposals Worth USD 135 Million

In a promising development for the nation’s economy, Cambodia received 12 new investment proposals in early February, collectively valued at USD 135 million. These proposals were submitted to the Cambodia Investment Committee, part of the Council for the Development of Cambodia, and will be examined at the upcoming second “Single Gateway Meeting” in 2025. The […]