Business and Market
CCA Continues Talks on Cooperation with International Associations
Despite social distancing practices imposed by the COVID-19 pandemic, the Cambodia Constructors Association (CCA) continues discuss cooperation with international associations and the impact of the pandemic on the construction industry. CCA Secretariat General Manager Mr Chhiv Sivpheng said the association joined the online meeting with the International Federation of Asian and Western Pacific Contractors’ Associations […]
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Prince International Plaza Building Structure Completed
Prince Real Estate (Cambodia) Group completed the building structure of the Prince International Plaza project on 29 August after starting construction at the site in 2018. According to the company’s official Facebook page, the project took two years from the groundbreaking to the completion of the building structure. Located along Russian Blvd nearby the old […]
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Low Sales Rate Hits Phnom Penh Condominium Market
By Eric Wong Chon Lap With record units of residential properties available to the public in Phnom Penh, sales rates have fallen to a new low, with many empty homes in Phnom Penh which are mostly unsold or without residents. Due to COVID-19, we can foresee the postponement of new launches and discounts on unsold […]
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Four International Multi-Purpose Buildings to be Built in Three Cambodian Provinces
Four international multi-purpose buildings will be built in Phnom Penh, Koh Kong, and Kep under the support of China’s Belt and Road Initiative (BRI). The first project is the Chong Fang International Building, the tallest of the four projects. Located in Khan Toul Kork, Phnom Penh, the building is to be 180 metres high, 60-floors, […]
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New Commercial Centre in Sihanoukville Officially Opens
Sihanoukville Governor HE Kouch Chamroeun presided over the inauguration ceremony of a new Dara Samnang Commercial Center in the city on 28 August. According to the representative of Dara Samnang Commercial Center, Mr Mom Dara, the project was built on a total area of 12,886 square metres in Village 3 of Sangkat 1. He added […]
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Exclusive Interview: IKO International’s Business Strategies in Cambodia
Roof shingle is an innovative technology in the field of construction or can be considered as a new product for Cambodia. Therefore, to provide knowledge related to this new field, Construction & Property Magazine’s reporter sat down and interviewed with a representative of IKO, a leading international firm specializing in roof shingles. Not only sharing […]
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Two Chinese Firms to Invest in PPSEZ Despite COVID-19 Pandemic
Sample picture Two new Chinese firms plan to build electronic manufacturing factories in the Phnom Penh Special Economic Zone (PPSEZ), despite the ongoing COVID-19 crisis. According to a post on the Phnom Penh SEZ Facebook page in mid-August, the pandemic has affected various sectors and in particular the supply chain in manufacturing companies. Businesses in […]
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Growth of Coal Power Plants Discouraging FDI over Environmental Concerns
Some major brands including H&M, Adidas, Puma, Gap, and others have expressed concern and reluctance to continue investing in Cambodia due to the growth of coal power plants, which is not green energy, according to the Nikkei Review Asia on 12 August. These firms have sent a letter of concern to the Cambodian government stating […]
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US$25 million Coastal Business Centre Proposed for Kampot
Gold Coast International Development Co., LTD has proposed investing US$24.8 million to build a coastal business centre on 42 hectares of land in Kampong Trach district in Kampot province, according to the Kampot Provincial Administration on 13 August. Located in Thkov village, Russey commune, Kampong Trach district, the project will comprise of commercial centres, 4-star […]
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Expert: Potential in Kampot Property Market Amid Rise in Domestic Tourism
Despite the COVID-19 crisis, Kampot has become a province with significant property investment potential, as domestic tourism is rising, according to a local real estate expert. President of KW Cambodia Dr. Kim Heang told Construction & Property Magazine on 11 August that compared to other coastal provinces, Kampot has the most tourist flow due to […]
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