Study on revamping railway network concluded

China Railway Construction Corporation (CRCC) Limited has recently concluded its study on revamping the railway system in Cambodia which started in May. According to Ministry of Public Works and Transport, China’s state-owned CRCC is compiling a report on the results of the study to submit to the ministry for discussion. Kong Vimean, spokesman and undersecretary of state of the Ministry of P...

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UMG Cambodia opens heavy machinery sales branch for agriculture and infrastructure sectors

UMG Cambodia officially inaugurated its new heavy machinery sales branch located in Sondek commune, Prasat Bakong district, Siem Reap province on 12 September which will serve the agriculture and infrastructure sectors. The opening of the new branch provides a wider range of machinery products to customers in the area as well meeting the growing demand for heavy machinery in Siem Reap. Mr Al...

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Japanese firms seeking investment opportunities in renewable energy

Japanese companies are looking for opportunities to invest in renewable energy projects, according to the outcome of a meeting between H.E. Say Samal, Minister of Environment and representatives from seven companies. According to a post on the ministry's Facebook page on 22 September, the firms are looking for opportunities to invest in renewable energy projects, the solid waste industry, the t...

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A new era in the Phnom Penh housing market

By Eric Wong Chon Lap The condominium market in Phnom Penh has slowed recently due to the accumulation of unsold stock and surge in supply. This has caused buyers to be more careful, resulting in less demand from speculators and more emphasis on real demand from the end-users. This explains why many developers are shifting their overall development portfolio to the low-rise housing market where...

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Two more pedestrian overpass projects planned for Phnom Penh

Phnom Penh Municipality has prepared to break ground in October on construction of two pedestrian overpass projects in Phnom Penh to offer safe passage to pedestrian commuters and avoid traffic accidents. Mr Sam Piseth, director of Public Works and Transport Department for Phnom Penh, said that ground will be broken on construction of the two projects in October. The construction sites have bee...

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Multico helps deliver seminar on new road maintenance technology to Cambodia

The appointed dealer for Wirtgen products in Cambodia Multico MS (Cambodia) Co. Ltd helped deliver a one-day seminar on 01 August on a new road maintenance technology called In-Place Recycling to Cambodia as the country campaigns to improve its road quality. Held at the Ministry of Public Works and Transport (MPWT), the seminar was co-organised by machinery firm Wirtgen Group, Multico, and MPWT...

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Why does Cambodia need to draft construction law?

The Ministry of Land Management Urban Planning and Construction (MLMUPC) has drafted a law on construction, which was endorsed by the Council of Ministers in August. But why does Cambodia need to draft the law on construction? The 31-page draft construction law is divided into 22 chapters and 113 articles and was initially compiled in 2017 by MLMUPC with inputs provided from experts at Japan’s ...

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Land ministry announces land use master plan 2035 for Siem Reap

The Ministry of Land Management Urban Planning and Construction (MLMUPC) published the land use master plan 2035 for Siem Reap on 20 September which will serve as a basis for the land management and development direction of the province. Base on this master plan vision, the government will design and develop ‘Siem Reap City as a pole for cultural, historical, and tourism world heritage’. The mi...

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Phnom Penh Mega Mall set to open in 2020

The Phnom Penh Mega Mall along the Russian Boulevard has opened for tenants to move in with the officially opening set for 2020. Phnom Penh Mega Mall is a 10-storey building with a total construction area of more than 100,000 square metres and is being developed by Hassan Cambodia Development Co., Ltd. Mrs Ann Sothida, Director of CBRE Cambodia, the leasing agent for the mall, said that the ...

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Ground broken on 32-storey Tax Tower in Chroy Changvar Satellite City

The General Department of Taxation (GDT) broke ground on 19 September on its new 32-story tax building in Chroy Changvar Satellite City which will be a new landmark in Phnom Penh. Construction began after the GDT purchased the land from the Overseas Cambodian Investment Corporation (OCIC) to build the US$60 million building. (Read more) According to a GDT press release, the ‘Tax Tower’ will ...

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300,000 condo units needed by 2030

With the lifestyles of the capital’s residents witnessing changing trends particularly among the younger generation, and while the prices of landed houses have increased, key real estate insiders say the demand for condo units will increase over the next five to ten years. Real estate experts say the current demand for condos in Phnom Penh is relatively low compared to the more affordable lande...

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The growth of co-working spaces in the office market

By Eric Wong Chon Lap For most occupiers in the Phnom Penh office market, the typical way of leasing office premises is a traditional lease with options to renew and the tenant fitting out the space. Multinational firms and new local startup firms, however, are increasingly looking for flexible lease terms as real estate costs continue to be one of their major concerns. In some cases, it is eas...

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