Property Focus
Aeon Eyes More Grocery Stores in Cambodia
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...
Read MoreCBRE: Major Property Changes in Phnom Penh for Q1 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...
Read MoreA High-density and Urbanised Phnom Penh
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...
Read MoreBentley Systems Introduces Mixed Reality App for Infrastructure Construction Projects
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...
Read MoreThree International Firms Plan US$500 Million International Theme Park in Kampong Speu Province
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...
Read MoreFrance Provides Us$30 Million for Developing Cambodia’s Power Transmission Network
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...
Read MoreRoyal Group, Singapore Developer Building Luxury Condo in Toul Kork
Photo by Hong Lai Huat Group Limited The Royal Group and Singapore-based real estate developer Hong Lai Huat Group Limited have partnered to jointly develop a 28-floor condominium in Toul Kork district. The project, named Royal Platinum Condominium, broke ground in a ceremony on Tuesday and construction is expected to be completed in 2021. The condominium will provide 851 residential unit...
Read MoreWinners Announced for PropertyGuru Cambodia Property Awards 2019
The winners for the finest real estate projects in Cambodia were announced at the Gala Dinner of the ‘4th Annual PropertyGuru Cambodia Property Awards’ held at Sofitel Phnom Penh Phokeethra on 03 May 2019. With more than 370 guests joining the award ceremony presented by American manufacturer Kohler, the night was full of excitement with close to 40 awards going out over different entries with ...
Read MoreCambodia-China Discuss Establishment of Sister City Alliance and Liaoning Industrial Park in Sihanoukville
Photo by Ministry of Commerce Representatives of Cambodia and China recently discussed establishing a Liaoning- Sihanoukville Sister City Alliance and Industrial Park, according to a recent post on the Ministry of Commerce Facebook page. During the meeting held at Sofitel Phnom Penh Phokeethra, the Secretary of the Liaoning Communist Party of China Provincial Committee Mr Chen Qiufa told H.E...
Read MoreWyndham Hotels & Resorts in Long Bay & Dara Sakor Sign Strategic Cooperation With Zhengheng (Cambodia) Co., Ltd and Trf Vacation Club
A signing ceremony was recently held at the ZhengHeng HQ between ZhengHeng (Cambodia) Co., Ltd, the leader of the Long Bay Dara Sakor Holiday and Resort Project, and TRF VACATION CLUB. The signing ceremony officially started a new chapter of win-win cooperation between the two parties. Director of ZhengHeng (Cambodia) Co., Ltd, Mr. Deng Pi Bing and the General Manager of TRF VACATION CLUB, Mr. ...
Read More