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ខ្មែរ 
Construction boom causes competition in home loan interest rates
Recent figures from Ministry of Land Management Urban Planning and Construction indicate that the number of house construction projects has increased from 3,052 worth US$6.4 billion in 2017 to 43,136 worth more than $43,3 billion in 2018. As a result, the competitiveness of home loan interest rates has begun to attract more customers while most individual banks now offer mortgage policies. For ...
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US$6.4 billion invested into construction sector
The construction sector in Cambodia continues to grow according to a report by the Ministry of Land Management Urban Planning and Construction (MLMUPC) which shows an increase in investment of more than 34% year-on-year to more than US$6 billion. The recently released data reveals that between January -September this year, the ministry approved 3,433 construction projects valued at more than US...
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Belt and Road Initiative book to enhance China – Cambodia friendship
The 11 October launch of the book ‘Belt and Road Initiative (BRI) and Its Implications for Cambodia's Development’ is intended to enhance the friendship between China and Cambodia. Speaking at the launch event, Zuo Wenxing, a political counsellor of the Chinese embassy to Cambodia admired the group of scholars for making the book a reality. “We believe this book will become a new window for ...
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PM Hun Sen commits to transforming Sihanoukville into the most important SEZ
Cambodia's Prime Minister Samdech Techo Hun Sen has vowed to transform Sihanoukville into Cambodia’s most important Special Economic Zone (SEZ) which requires the government to develop critical infrastructure. The commitment was made during a meeting between Samdech Techo Hun Sen and Mr Li Yong, Director General of the United Nations Industrial Development Organization (UNIDO) held on 15 Octobe...
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Yang Ming first shipping company to launch direct route from China to Vietnam and Cambodia
Yang Ming Marine Transportation Corporation, a Taiwanese ocean shipping company announced in a press release saying that it will soon have a shipping route service directly from China to Vietnam and Cambodia, called the CVK service. “In light of the strong cargo volumes in the area of China, Vietnam, and Cambodia, Yang Ming is pleased to announce the launch of the CVK service with effect from 2...
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Ban on online gambling shrinks real estate activities in Sihanouvkille, but opportunity arises
The recent ban by the Cambodian government on online gambling has caused many Chinese nationals to leave the busy city of Sihanoukville with real estate activities affected as a result. However, experts remain optimistic that this change will create new opportunity for the industry. Speaking at the real estate market review held on 11 October, Mr James Hodge, Director of CBRE Cambodia said that...
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New stadium planned for Kampong Speu ahead of 2023 SEA Games
A new stadium has been planned for Kampong Speu province which will serve for the upcoming 32nd SEA Games in 2023, according to the provincial governor. Kampong Speu Provincial Governor H.E Vei Samnang told Construction & Property Magazine on 09 October that, Kampong Speu is to have a stadium that will stretch over 4 hectares of land while work has already begun. “We are currently making...
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Cambodia-China Cultural and Creative Park gets approval
The Council for the Development of Cambodia (CDC) has recently given the greenlight to several development projects including the Cambodia-China Cultural and Creative Park located in Siem Reap Province. As reported by the CDC over the weekend, Angkor International Culture Investment & Development (Cambodia) Co.,Ltd is to inject US$27.5 million of investment in its project along 60 Metre Str...
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CBRE Market View: Total retail supply drops nearly 17%, yet more projects announced
The newly launched Phnom Penh market view compiled by international real estate agency CBRE Cambodia shows that total retail supply over Q3 2019 has dropped by 16.9%. However, despite these figures, more projects continue to be announced. Presented during an event held at Rosewood Hotel on 10 October, the reported drop is due to the partial closer of Sovanna Shopping Centre for renovation, leav...
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Recycled plastic waste to be recycled into construction materials and furniture in green business venture
Plastic waste recycling has been brought up as a part of green business during the forum, known as Green Business of the European Chamber of Commerce in Cambodia (EuroCham Cambodia). On 10 October, EuroCham Cambodia hosted its 5th edition of the landmark Green Business Forum 2019. While various topics were discussed, the factor considered the most important be tackled and awareness raised on is...
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Renewable solar and wind energy will be the future for energy consumption
Renewable solar and wind energy are being discussed during the 5th edition of the landmark Green Business Forum 2019 which is hosted by EuroCham. Since some solar energy projects have been approved to be initiated in Cambodia, the grid management and technical implications will be discussed and demonstrated at the forum. The panelist for the discussion, Mr. Morten Kvammen, who is also a princip...
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Infrastructure Projects in Singapore Named as Finalists in Bentley Systems’ Year in Infrastructure 2019 Awards Program
Bentley Systems, Incorporated, the leading global provider of comprehensive software and digital twins services for advancing the design, construction, and operations of infrastructure, has announced several projects in Singapore as finalists in its Year in Infrastructure 2019 Awards program. The annual awards program honors the extraordinary work of Bentley software users advancing infrastructure...
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