World’s Largest All-terrain Crane Works at 3,000m
(English) XCMG XCA5000 is the world’s largest all-terrain crane in terms of tonnage. Recently, it succeeded in hoisting a 2MW wind turbine in Yunnan province, China.
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Property Tax Collection Extended to End 2014
(English) The government has extended its deadline to collect property tax for the third time this year in response to many property owners still being unwilling to pay.
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2014 Phnom Penh Condo Study Released
(English) New market research on Phnom Penh’s condominium sector by global real estate agency Century 21 has identified some of the key factors behind the healthy growth of the condo market.
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Australia to Charge Fees On Overseas Property Buyers
(English) After a sharp rise in property prices in Australia due to a 60 percent rise in Chinese buyers, the government plans to charge foreign property buyers fees to deter foreign buyers.
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Asia Dominates Priciest Office Space
(English) According to CBRE Research's biannual Global Prime Office Occupancy Costs survey, Asia continued to dominate the world's most expensive office locations, accounting for seven of the top ten markets.
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Soaring Sales See China’s Biggest Developers Go Global
(English) Chinese buyers spent more on a commercial real estate outside China than in the country for the first time last year.
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Route 1 Land Prices Rise Thanks to New Infrastructure
(English) Cambodian real estate industry insiders have said that property prices along National Route 1 rose by 30 percent in some areas in 2014.
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Booyoung Town to Resume Works Early 2015
(English) After halting shortly after breaking ground in May 2013, work on the stalled US$1.1 billion Booyoung Town development is set to resume early this year.
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Riviera Condos To Start Construction
(English) Construction on Cambodia’s most costly condominium project, the Diamond Island Riviera, is planned to start mid-year according to the project manager.
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Mortgage Availability Helps First-timers Buy Homes
(English) According to figures from Cambodia’s lenders and leading real estate industry insiders, more and more young and first time buyers people are purchasing homes thanks to the greater availability of financing options such as mortgages.
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Sumitomo to Build Usd40 Million Thermal Power Plant in Myanmar
(English) Sumitomo Corp. announced at the start of March that it had won a contract to construct a thermal power plant in Myanmar.
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Mass Transport Systems? The Future for Phnom Penh?
(English) Phnom Penh is growing, but is the transport system that keeps the city moving, much like blood through the arteries and veins of a body, keeping up with the pace?
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