All News

Condo supplies projected to grow at 55% in 2020: CBRE

17 January 2020

CBRE, a leading commercial real estate services and investment firm, has projected growth of condominium unit supplies at 55% in 2020, thanks to strong growth in the construction sector in 2019 and the newly approved construction law which builds confidence in the future quality of buildings and condos. CBRE’s report issued on 16 January stated that the affordable condo projects are expected to...

Investing in international real estate

16 January 2020

The idea of investing properties abroad is not new and has always proven to be popular among wealthy Cambodian buyers due to many reasons, for example; the high standard of education offered in the city, good public transportation, being a leading tourist destination, favourable time zone, strong legal structure, a property safe haven etc. Furthermore, the comparative stable market conditions and ...

Government accelerates study on National Road 10 construction

16 January 2020

National Road Number 10 linking Samlot in Battambang province, Veal Veng in Pursat province and Koh Kong province is scheduled for construction in 2020, as the inter-ministerial working group has accelerated the planning study. According to a report from the Ministry of Public Works and Transport, National Road Number 10 is part of the infrastructure construction plan for 2020. The inter-min...

All Eyes on Russian Boulevard

15 January 2020

By Eric Wong Chon Lap A wide road, colleges and universities, a series of upcoming office buildings and other amenities, close proximity to Phnom Penh International Airport and easily accessible to all the major thoroughfares – these are all the right ingredients to make Russian Boulevard among the most sought-after locations for commercial and residential developments in Phnom Penh. It’s attr...

Mine Exploration License Opens for Public Bidding

15 January 2020

Ministry of Mines and Energy announced it opens for application for public bidding on the mine exploration licenses in eight areas. According to announcement dated on January 10, the eight areas cover cumulatively 1,390 square km in provinces of Stung Treng, Preah Vihear, Kompong Thom, Siem Reap, and Mondulkiri. The ministry stated local and international companies shall apply for the mine e...

Construction professionals requested to properly implement construction law

14 January 2020

The Ministry of Land Management, Urban Planning, and Construction has called for the full implementation of the construction law by professionals in the construction sector. The call was made after the cases of collapsed buildings in Kep province and Preah Sihanouk and a pagoda building collapse in Siem Reap province. Speaking at the dissemination workshop on the construction law held on 14 ...

Investment on Waste to Energy Boosted

14 January 2020

The Royal Government of Cambodia has boosted investments on converting solid waste to energy which is part of urban solid waste management while amount of solid waste increases year by year. Attracting investment on waste on energy is stated in the draft of policy on urban solid waste management for 2019-2028 which is currently being discussed by inter-ministries. According to Ministry of En...

Government agrees new airport investment project in Koh Kong province

13 January 2020

A new airport investment in Koh Kong province has been approved by the Royal Government of Cambodia, allowing investors to build an airport in Mondul Seima district. According to an announcement from the Council of Ministers released on January 13, the government has approved the airport investment on between 400 and 600 hectares to be built in Pak Klong commune, Mondul Seima district in Koh Ko...

Design of new US$1.5 billion Phnom Penh International Airport 60% completed, construction nears

13 January 2020

The architectural design of the US$1.5 billion New Phnom Penh International Airport in Kandal province is now 60% completed with construction coming near, according to Cambodia Airport Investment Co.,Ltd. Speaking to a group of Japanese investors on 9 January at the Canadia Tower, Mr Yee Con Long, a member of the project steering committee of Cambodia Airport Investment Co.,Ltd, said the archit...

Operating a hotel through a lease agreement or a hotel management agreement

12 January 2020

When deciding to develop and operate a hotel, the parties may enter into a lease agreement or a hotel management agreement. Both have advantages and inconveniences. A study of the Cambodian market indicates significant growth in the number of tourists visiting Cambodia, leading to a significant development of the hospitality sector in Phnom Penh, Siem Reap and Sihanoukville. Emblematic of this...

Ministry of Land Management appoints new construction inspectors

11 January 2020

The Ministry of Land Management, Urban Planning and Construction has formed a new official group to inspect the construction sites. The group was formed following the deadly collapse of a building in Kep province early January and the collapse of a building in Sihanoukville in June 2019. According to an announcement signed by H.E. Chea Sophara, Deputy Prime Minister and Minister of Land Managem...

Land Management Ministry strengthens implementation of Construction Law

10 January 2020

The Ministry of Land Management, Urban Planning and Construction has asked the authorities in the construction sector and ministry officials in provincial departments to implement the new construction law by prohibiting unauthorised construction, while strengthening the issuance of construction permits and inspecting construction sites to ensure the safety and security of construction sites. In...