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ខ្មែរ Local News
Transmission line contract awarded
- 23 May 2017
The contract to build a second transmission line to connect the Stung Tatai hydropower dam in Koh Kong province to Phnom Penh has been awarded to a Malaysian-owned company. Pestech (Cambodia) Ltd will construct the 220km line which will have a capacity of 230 kilovolts with the project valued at USD100 million. Pestech will undertake all of the design, engineering and construction on behalf of ...
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Cambodia Property Awards 2017 Winners Focus on Expertly Planned Developments
- 1 April 2017
Prestigious awards programme celebrated the innovations of Cambodia’s fast-growing property sector PHNOM PENH, Cambodia – 24 March 2017 Cambodia’s most outstanding real estate developers were honoured at the second annual PropertyGuru Cambodia Property Awards during an evening of celebrations, dining and networking with more than 300 guests at the Sofitel Phnom Penh Phokeethra. Last year’...
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Government Announces Water Taxi Service
- 30 March 2017
In an effort to provide alternative transport routes to overcome the capital’s traffic congestion and provide improved links between the capitals suburban areas, the government has announced plans to launch a water taxi service. At the recent IBC Business Summit, Minster of Public Works and Transport and Senior Minister Sun Chantol told key business leaders that the government needed to utilise...
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White Building Residents Hold Out for Cash
- 30 March 2017
Many residents in Phnom Penh’s dilapidated White Building appear eager to sell their properties for cash rather than wait for the land to be redeveloped despite the advice of the Ministry of Land Management, Urban Planning and Construction (MLMUPC). After years of rumours surrounding the iconic property, the MLMUPC announced in October 2015 that it planned to work with a developer to build a 21...
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Real Estate Investment Incentives in Cambodia
- 30 March 2017
Investing in Cambodia offers some of the most attractive incentives in the region. However, only projects over a certain size can apply for Qualified Investment Project (QIP) incentives. A Qualified Investment Project (QIP) is an investment project that has received a final registration certificate. To be admitted as a QIP, the investor has to first register the investment project with the Coun...
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VTRUST Tower Opens to Tenants
- 30 March 2017
VTRUST Tower, a 15-storey office building with about 18,000 square metres of high-end leasable area has opened for occupation. Officially launched on 17 February, the uniquely-designed building dedicated to high grade office space is located along Czech Republic Blvd within Phnom Penh’s bustling commercial hub. It has been developed and is operated by VTRUST Group, one of Cambodia’s leading fac...
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Phnom Penh’s High-end Condominium Market STRUGGLES
- 30 March 2017
High-end condominiums are rapidly rising in the premium areas of Phnom Penh, among which the most popular are Boeung Keng Kang 1 and Diamond Island. This trend has however resulted in a split property market and while Phnom Penh’s low-end condominium market remains bullish, the high-end market is struggling amid the risk of oversupply. For property developers, it is right to say that by shif...
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Cambodia’s Retail Market: a Competitive Frontline
- 30 March 2017
Cambodia is seen as one the most dynamic and attractive retail markets in South East Asia thanks to strong economic growth and a rising middle class. Over the last year domestic retailers have been facing growing pressure from an increasing number of foreign competitors. The retail market in Cambodia has recently seen a wave of foreign investors from China and Japan, with possibly more from Mal...
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Casa Meridian Launches Lease-to-own Deal
- 30 March 2017
In line with the maturing market and the need to attract new kinds of investors, the luxury Casa by Meridian condominium has launched a lease-to-own initiative for the first time in Cambodia. The lease-to-own plan allows a person, family or business to lease a space first for three years and enjoy growing their family or business from there. After the three years, they can exercise the option t...
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Bamboo Celebrated at Local Festival
- 20 March 2017
The inaugural CAMBOO Festival will be hosted in Phnom Penh’s Freedom Park in March where six of the kingdom’s architecture and engineering universities will compete. Organised by Building Trust International, the festival will showcase the most ingenious uses of bamboo in passive, sustainable design and architecture. Building Trust is also running a design challenge for a bamboo pavilion tha...
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