Japan Plans to Invest in Building 2000-Unit Housing Project in Siem Reap

Japanese company UR Linkage Co Ltd has unveiled a study plan to invest in building a 2,000-unit Japanese standard affordable housing project in Siem Reap.

This project was presented in the 3rd Public-Private Forum on “Cambodia-Japan Urban Development’ held on 16 February.

Named Sakura Angkor, the project is currently in the study phase and is a collaboration between Japan and Cambodia under the advice of HE Pen Sophal, Secretary of State of the Ministry of Land Management, Urban Planning and Construction.

Yoshimura Hiroyuki, a representative of Japan’s UR Linkage Co Ltd, said the project has a total of three phases under a five-year plan.

The first phase will have 700 housing units, while the second phase and third phase will have 800 units and 500 units, respectively.

Among the Japanese technologies and know-how, the Sakura Angkor introduces advanced smart technology that can serve as a smart city model in Cambodia.

After launching, Sakura Angkor will be sold at U$60,000 to US$70,000 per unit to attract low-to-middle-income buyers.

- Video Advertisement -

Related Post

Thai office space vacancy rate rises 26.3%, Yet Thailand’s richest billionaire optimistic about market demand growth

Bangkok’s office vacancy rate in prime Grade A buildings has soared to 26.3%, reflecting a growing oversupply, but Frasers Property Limited, led by Thailand’s wealthiest scion, is betting on the US-China trade feud to drive demand for office and industrial spaces across Southeast Asia, according to bangkokpost on 19 September 2024. With a US$3.6 billion […]

Get Real: Powerful 3D Software Brings The Future of Infrastructure to Life in Just a Few Clicks

 Greg Demchak stood before an enormous LED screen in a dark hotel conference room. With a game controller and a keyboard, he moved his audience through a digital model of Barcelona. The glowing screen showed a bird’s-eye view of the Spanish city’s famed “manzanas,” the octagonal block of buildings designed by the visionary 19th […]

Cambodia Construction Expo 2024 to Showcase Over 2,000 Products and Services on 5-7 December

The Cambodia Construction Expo 2024, a cornerstone event for the nation’s construction industry, is set to take place from 5 to 7 December 2024, promising to be a key driver of industrial growth. Organised by the Cambodia Constructors Association (CCA), the three-day exhibition will feature hundreds of domestic and international companies showcasing over 2,000 products […]

Two Chinese Firms to Expand Investment in Cambodia with New Garment Factories

Fortune Rich Trade Co., Ltd. and Ju Wang Footwear Co., Ltd., two prominent Chinese firms, have announced plans to establish additional garment factories in Cambodia, focusing on producing women’s and children’s clothing for international markets. This significant investment initiative was unveiled during a meeting with PM Hun Manet on 6 November 2024 in Kunming, Yunnan […]

China Construction America Ordered to Pay US$1.6 Billion and Conflict of Political Interests Behind

A New York court has ordered China Construction America Inc. (CCA), a subsidiary of Chinese state-owned China State Construction Engineering, to pay US$1.6 billion to BML Properties, the original owner of the Baha Mar casino resort in the Bahamas, after the contractor was found to have committed “many acts of fraud” during its takeover of […]

Cambodia Constructors Association’s Successful Business Tour at Foshan Trade Conference

The Cambodia Constructors Association (CCA) successfully led a business tour from 18 to 21 October 2024, to the Foshan Building Materials and Sanitary Ware RCEP & Central Asia Fair and Conference in Foshan, Guangdong, China. This event provided an essential platform for Cambodian construction firms to engage with international industry leaders, suppliers, and potential partners, […]