Property Focus
At least 3 die, dozens injured in collapsed pagoda in Siem Reap
A pagoda temple building under construction in Siem Reap city collapsed on Monday 2 December, injuring about 20 workers. Local authorities said that the building collapsed in Prasat Kokchak pagoda in Koukchak commune at about 2pm today. At least three people were found dead in the collapsed pagoda building, police said. The victims are workers […]
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The changing demand for residential rental units
As the number of expatriates grows in Cambodia, even though as those staying in Phnom Penh slows down
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Government official, winners of SCG contractor competition 2019 call on young people to consider skills training
Phnom Penh, Nov 28, 2019 – Expert official and award-winning local builders from the annual SCG contractor competition 2019 have encouraged young people to pursue technical and vocational training for skills currently on high demand in the job market, including in construction sector. Mr. Hing Sideth, director general of TVET general department of the ministry […]
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Thirty-five major Chinese companies interested in investing in Kampong Speu
The Kompong Speu provincial administration said on 27 November that 35 large companies from China were interested in investing in the province. Kompong Speu Provincial Governor, Vei Samnang met with the representatives of the companies who came to explore investment opportunities in the province. The governor told them about the potential of the province, especially […]
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Southern Phnom Penh to become green city and high-end commercial centre
The Phnom Penh city hall master plan (2015-2035) has designated the area south of the capital to be developed into a green city and the most important high-end commercial centre in 15 years, according to a Prince Real Estate statement on their website. Phnom Penh Municipality and the city of Paris conducted a study for […]
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Grade “A” Office Space is able to command higher yield
By Dan Davies (Extract from Dan Davies unpublished Design Review) Introduction The desire and intention of many developers is to provide the leading office space in Cambodia and to be considered as GRADE A, for which they will be able to command higher yield rents by offering high quality and desirable services Classification of Grades […]
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Urban Village wins award for ‘Best Condo Development’ in Asia from PropertyGuru
Urban Village by Urban Hub (Cambodia) Co.,Ltd has been the only Cambodia applicant to win one of Asia’s longest-running and most respected real estate awards, the PropertyGuru Asia Property Awards. Held at The Athenee Hotel, Bangkok in Thailand, the 14th PropertyGuru Asia Property Awards represented major winning titleholders and included the award for ‘Best Condo […]
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South Korea launches smart city project in Busan with ASEAN leaders
South Korea said they will build the country’s first “smart city” in Busan by 2024, where the infrastructure facilities and massive data collection will be controlled and maintained by the internet of things sensors, according to the Yonhap News Agency, on 24 November. President Moon Jae-in attended the ground-breaking ceremony for the Busan Eco Delta […]
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National Assembly approves draft 2020 budget of US$8.2 billion
The National Assembly of Cambodia unanimously approved a draft US$8.2 billion budget for expenditure in 2020 on Tuesday 26 November, a 22% increase compared to the 2019 budget law. According to the draft budget law, the majority of the budget will go to general administration, national defense, and the social sector. To meet the expenditure, […]
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Thailand’s economic corridor sees residential projects boom
Thailand’s enormous Eastern Economic Corridor (EEC) has seen residential projects achieve a combined value of US$18.4 billion, according to the Government Housing Bank’s Real Estate Information Centre. Reporting on the government data, The Nation newspaper noted that the economic corridor, incorporating the provinces of Rayong, Chonburi and Chachoengsao, now has 30,954 residential projects as of […]
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