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ខ្មែរ Property Focus
US$295 million investment plans approved for five-star hotels and solar farms
- 30 August 2019
More than US$295 million in investment plans have been approved for the construction of two five-star hotels in Sihanoukville province and two solar farms in Pursat and Kampong Chhnang provinces. The Council for the Development of Cambodia (CDC) gave the greenlight on 29 August to Hai Gang Grand Hotel Co., Ltd to construct a five-star hotel with 900 rooms located in village 06, Sangkat 04, Siha...
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‘Unique-smart tourist destination’ designated for Bokor mountain by 2035
- 29 August 2019
The government will transform Bokor Mountain in Kampot province into a ‘unique-smart tourist destination’ by 2035 using several development strategies announced via a dissemination workshop on the Land Use Master Plan for the Bokor City Development Project held on 29 August. H.E Chea Sophara, Deputy Prime Minister and Minister of Land Management, Urban Planning, and Construction, made a call fo...
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Has-architecture wins design competition with 485m MGN tower in Phnom Penh
- 28 August 2019
Architectural firm Has-architecture has won a design competition for the 485m high MGN tower along Norodom Boulevard in Phnom Penh. The MGN tower will be the local headquarters of MGN Bank, an office and a hotel and is set to be the second-highest skyscraper in Cambodia once completed. The global architecture archive website aasarchitecture reported that Has-architecture, together with local...
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Deal signed for ‘Dragon City’ development in the 2,500-hectare ING City
- 28 August 2019
A deal between Cambodian and Hong Kong firms to develop ‘Dragon City’ was signed on 27 August, which will turn 5.4 hectares of land in ING City into a commercial complex, according to a press release. Held at the Sofitel Phnom Penh Phokeethra, the deal was signed between Cambodian developer ING Holdings Co., Ltd and Hong Kong-based Causeway Bay Group together with SINO BAY Construction Investme...
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Ministry of Tourism to designate Koh Seh of Kampot as ‘special tourist destination’
- 27 August 2019
The Ministry of Tourism is studying the feasibility to develop Koh Seh in Kampot province as a 'special tourist destination' covering an area of more than 500 hectares, following the recent decision by the government to develop special tourist destinations. Ministry of Tourism spokesperson Mr Chuk Chumnor told Construction & Property Magazine on 27 August that Koh Seh in Kampot has great po...
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Phnom Penh to welcome another Chinese-owned mall by late 2019
- 24 August 2019
Another Chinese-owned community mall, The One Mall, is scheduled to open by December 2019 replacing the old container market nearby Diamond Island, according to an announcement by the project owner on 22 August. Located nearby the Russian Embassy in Sangkat Tonle Bassac, Chamkarmon district, The One Mall will be a 3-storey mall built on 12,000 square metres of land. The mall will comprise of...
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Ultra-luxury Sky Villa condominium to be completed in March 2020
- 23 August 2019
Construction on the ultra-luxury Sky Villa condominium located along Poland Republic Boulevard of Khan 7 Makara is set to be completed in March 2020 according to an announcement made during a 23 August press conference. The completed Sky Villa will add more than 250 large units onto the Phnom Penh condominium market, Situated near the Olympic Stadium, the two 35-storey residential towers compri...
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Preah Sihanoukville set to become sustainable national development hub
- 21 August 2019
Based on the 2030 vision of Urban Planning, the Cambodian government has set Preah Sihanoukville province as a sustainable national development hub in the country’s coastal area, as province booms with investment and tourists. The urban planning report states that Preah Sihanoukville province will be a hub of a modern city, a world’s beautiful beach resort, a multi-purpose special economic zone...
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Topping off ceremony held for Orkide The Royal Condominium
- 21 August 2019
Orkide The Royal Condominium a luxury element of an already pricey mega residential project in Sangkat Tuek Thla has completed the structural construction with a topping off ceremony held by on 19 August. Located along St. 2004, Tuek Thla Village, Sangkat Tuek Thla, Khan Sen Sok, Phnom Penh, this project consists of six condominium towers with a total of 1,999 units and is equipped with - star ...
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Mortgage applications in Cambodia see sharp drop in Q2 2019
- 19 August 2019
The recently published Consumer Credit Index Report shows that mortgage applications in Cambodia saw a sharp drop of nearly 40% in the second quarter of 2019 compared to the previous quarter. Compiled by the Credit Bureau Cambodia (CBC), the report shows that consumer credit applications which comprises of personal finance, credit cards, and mortgage have dropped 19.29% during the second quart...
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