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ខ្មែរ Local News
Competition Rises in Phnom Penh’s Retail Property Market
- 21 May 2019
Competition is increasing in Phnom Penh’s retail property sector as developers build new retail centres. New community malls and shopping centres that are set to be complete or open include Phnom Penh Megamall (formerly Parkson Mall), The Bridge, Downtown 93, Noro Mall and Olympia Plaza Mall. These new developments will increase total retail spaces to approximately 300,000 square metres. The re...
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FC Barcelona New York Academy Developers Visit Cambodia to Provide Us Immigration Opportunity
- 17 May 2019
FC Barcelona New York developers, Prospect Sports Partners, delivered a keynote presentation to investors in Phnom Penh offering them the opportunity to immigrate to the United States under the US government’s EB-5 immigration program. FC Barcelona New York Academy Developers, Prospect Sports Partners, delivered a keynote presentation to investors in Phnom Penh offering them a chance to immigra...
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Thailand Condominium Market Facing Glut With More Than 450,000 Units Unsold
- 17 May 2019
Thailand’s condominium market is seeing a glut with more than 450,000 units going unsold across the country in 2018, according to business media outlet Bloomberg. On 16 May 2019, Bloomberg reported that around 65,000 new apartments were added to Bangkok alone in 2018 while 454,814 residential units across Thailand went unsold in the same period with a value worth around US$41 billion. “The o...
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Value-based Asset Development Management
- 16 May 2019
By Michelangeloop The real estate industry is often defined as the process of buying and selling properties. In the 21st Century, real estate has grown into an industry that attracts professionals in fields including asset management, facilities management, and valuation and real estate. What are the differences between these roles? Asset Management: Jones (2008) defines asset management ...
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Aeon Eyes More Grocery Stores in Cambodia
- 16 May 2019
Photo by digjapan.travel Global retail player Aeon Group is looking to open more grocery stores across Cambodia after having been successful with its operation in the country, said the Council for the Development of Cambodia (CDC) earlier this month. In a press release of the recent meeting between representatives of Cambodia and Japan, H.E Sok Chenda Sophea, Minister attached to the Prime M...
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CBRE: Major Property Changes in Phnom Penh for Q1 2019
- 16 May 2019
International real estate agent CBRE Cambodia on 09 April 2019 launched its Phnom Penh property market review report featuring changes within the office, residential, retail, and landed property sector. As the market now focuses more on the office sector, the reports highlight that over the three-month period, supply of centrally-owned offices increased by 9,180 square metres while supply of st...
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A High-density and Urbanised Phnom Penh
- 15 May 2019
Many new office, residential and mixed-used developments are being built in Phnom Penh and one thing is guaranteed with all this development - a higher density urban centre for the city. For the city planners in Phnom Penh, attention needs to be given to the quality of infrastructure, and plans need to be made and implemented to ensure that there is a balance between the ever-increasing density...
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Bentley Systems Introduces Mixed Reality App for Infrastructure Construction Projects
- 14 May 2019
Bentley Systems, Incorporated, the leading global provider of comprehensive software solutions for advancing the design, construction, and operations of infrastructure launched an app called SYNCHRO XR on 24 February 2019 for the immersive visualisation of 4D construction digital twins with the new Microsoft HoloLens 2, which Microsoft announced during a press conference at the Mobile World Congre...
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Three International Firms Plan US$500 Million International Theme Park in Kampong Speu Province
- 10 May 2019
Photo by brennenhuller.com Three international companies plan to invest US$500 million to develop the Boeung Voa Preng site in Kampong Speu province to become a world-class theme park, according to the provincial governor on 10 May 2019. Speaking with Construction & Property Magazine through telegram on 10 May 2019, Kampong Speu provincial governor H.E Vei Samnang said that three compani...
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France Provides Us$30 Million for Developing Cambodia’s Power Transmission Network
- 9 May 2019
France Development Agency (AFD) and the European Union have decided to provide of €$29.1 million in cooperation financing, approximately US$30 million for implementing on modernizing the power transmission system in Cambodia. The agreement of the cooperation financing was signed on May 6 by H.E. Aun Pornmoniroth, Minister of Economy and Finance and Remi Riou, general manager of the French Devel...
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