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ខ្មែរ Local News
Land Ministry Approves US$2.7 Billion in Construction Investment in Q1 2019
- 29 May 2019
More than US$2.7 billion in construction investment projects were approved within the first quarter (four months) of 2019 with China being the leading investor, according to the latest figures from the Ministry of Land Management Urban Planning and Construction (MLMUPC). From January to April, MLMUPC approved construction investment projects with an estimated value of US$ 2,742 million with for...
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Experts Discuss Opportunities and Challenges for Property Market
- 28 May 2019
As both buyers and investors pay more attention to the booming property sector, experts from the sector shared the market opportunities and challenges at a recent training session. Speaking in front of students and industry insiders at the training course held at the Royal Chartered Academy Institute (RCI), Mr Daniel Tan Garkbin, property practitioner and professor at RCI, shared his optimistic...
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Battambang Province Set as Economic Core Zone in Country’s Northwest
- 28 May 2019
The royal government has set Battambang province as the core economic zone in the northwest of the county by setting up the strategic plan, vision, and plans for developing the province to achieve the goal by 2030. In the sub-decree on the usage of the Battambang Urban Planning Master Plan, the government set the targets by establishing an urbanisation zone for residential, commercial, and tour...
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Dusit Thani to Redevelop Bangkok CBD Holding
- 27 May 2019
Thai hotelier Dusit Thani and shopping mall operator Central Pattana have announced plans to jointly invest US$1.16 billion in a mixed-use property development in Bangkok’s high-end central business district. The ‘Dusit Central Park’ is situated in the prime business area on the corner of Silom-Rama IV road where the flagship Dusit Thani Bangkok Hotel was built almost 50 years ago. Dusit Tha...
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Construction Contract Signed for Us$26 Million Stung Bot International Border Checkpoint
- 25 May 2019
The Cambodian government and a Thai construction company signed a contract on 24 May 2019 for construction of the Stung Bot international border checkpoint and a road connecting the border to National Road No.5. The contract signed by H.E Sun Chanthol, Minister of Public Works and Transport and construction firm Fin Technic will allow work to begin on the project, which will use a loan of 800 m...
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ADB to Help Build 100-MW Solar Park in Cambodia
- 25 May 2019
The Asia Development Bank (ADB) has approved a US$7.64 million loan to support the construction of a 100-megawatt (MW) solar power park in Kampong Chhnang province, for which the government has opened bidding for investment. The loan will help the country develop renewable energy resources, diversify its energy mix, and improve the competitiveness of its economy, according to ADB in a press rel...
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Chip Mong Land Launches Sales of Its First Condominium Project
- 24 May 2019
To capitalise on the strong demand for new modern lifestyles, developer Chip Mong Land launched sales of its 'Park Land Condo TK' on 24 May. Stretching along Oknha Mong Reththy street in the main commercial area of Sen Sok district, this first condo project of Chip Mong Land is a 26-storey luxury condominium featuring many facilities which will best serve new modern lifestyles. 'Park Land Co...
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Government Reviews CLV Triangular Zone Development
- 24 May 2019
Photo by National Assembly of Cambodia The Cambodian government has reviewed the latest progress in the CLV (Cambodia-Laos-Vietnam) triangular zone, saying that significant progress has been made in development on the economy, social initiatives, and security along the border. In remarks shared in a meeting led by H.E. Pan Sorasak, Minister of Commerce and Chairman of National Commission for...
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Macau Casino Operator Eye Business Expansion in Siem Reap
- 23 May 2019
Macau project in Laos by Insite Asia Gaming គម្រោងរបស់ម៉ាកាវនៅប្រទេសឡាវ ដោយ Insite Asia Gaming Casino hotel company Macau Legend Development Ltd is planning to expand its business to Siem Reap, said the company. Speaking with Inside Asia Gaming on 22 May, the company’s Executive Director Mr Sheldon Trainer said that the company is now working on the procedure of purchasing land near the tour...
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Luxury Branded Residences on Rise in Asia Pacific
- 22 May 2019
The majority of branded residential projects currently under construction globally, equaling 27%, are now located in Asia Pacific, according to a new Savills report. 120 completed, operational branded residential schemes are located in Asia Pacific with Thailand having 6% of schemes globally, making it the world's third biggest country market. Bangkok is one of the world’s biggest urban markets...
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