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ខ្មែរ 
CRBC completes financial close for US$1.8 billion expressway
China Road and Bridge Corporation (CRBC) has closed financing on a US$1.8 billion expressway project in Cambodia. The financial close of the project was made for the 190-km expressway connecting Phnom Penh capital to the country’s deep seaport Preah Sihanoukville province in March this year. Global law firm Hunton Andrews Kurth provided CRBC with financial counsel on the public-private partn...
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Shanxi Wins Us$42 Million Bid for Siem Reap Angkor International Airport Expansion
China-based construction firm Shanxi Mechanization Construction Group has won a 290 million yuan (about $42.16 million) bid to construction two sections of Siem Reap Angkor International Airport project. As reported by the China Daily, Shanxi will construct a flight area and the auxiliary facilities of the flight area. This would also include the construction of the runway, earthworks, slopes, ...
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Bangkok Airways to Invest in Koh Kong Former Airport
Photo by Cambodia-hotels Thai-based airline Bangkok Airways is to invest in re-building the former Koh Kong airport in Khemarak Phoumin City soon after the government has given greenlight in the June meeting. Speaking with Construction & Property Magazine via phone call on 16 July, Mr Sok Sothy, spokesman and deputy governor of Koh Kong Province said that Bangkok Airways is currently ask...
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ARB Berhad to Provide US$100 Million in Iot and It Services for “The City Gate”
Photo by Electronic Design Malaysian-based information technology and software solutions firm ARB Berhad is to deploy Internet of Things (IoT) and information technology (IT) services to the ‘The City Gate’ commercial complex along the Tonle Sap river following an agreement with the project developer. ARBIOT Sdn Bhd, a subsidiary of ARB Berhad, signed a Memorandum of Understanding with China...
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140-megawatt Solar Power Projects Approved
The government has decided to allow more investment in renewable solar power in response to the increasing demand for energy consumption. At a cabinet meeting on Friday, four solar projects were approved, with a total of 140 megawatts. According to the Council of the Ministers, the four solar power approvals were for a 60-megawatt project in Battambang province, a 30-megawatt project in Purs...
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HYPOTHEC: THE MOST COMMON USED ENCUMBRANCE IN CAMBODIA
by Sciaroni & Associates, Unofficial translated by Construction & Property Magazine Since the introduction of the Civil Code of the Kingdom of Cambodia in 2007, a hypothec has been known as one of the most commonly-used encumbrances for securing an obligation. This short article will briefly discuss the general overview of hypothec, its advantages as well as how to perfect a hypothec ag...
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Kampot City to become tourism and agricultural product processing hub
The government has identified Kampot city as one of the most important tourist destinations and an agricultural product collection hub for exports to international markets, while the physical infrastructure in the coastal city remains under construction and development. According to the Urban Planning 2030 plan for Kampot city, the government aims to develop Kampot town to be a ‘green pearl, na...
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Most Cambodians Are Confused About Using the Word Sangsei, Bangsei, and Eangban
With thousands of years of history and the diversification of wording in the Cambodia language, Cambodians nowadays use different words to define certain things that have the same meaning. Even so, currently there is only one Khmer dictionary from Chuan Nat that is used to define words that are correct in the written form. In fact, Cambodians often use words differently according to their regio...
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Preah Sihanoukville province needs sand from other provinces to supply construction sector
With its booming construction sector Preah Sihanoukville province does not have enough quality sand for construction and supply is reliant on it being transported from other provinces. Officials have said that transporting sand from other provinces incurs high transport costs, leading to an increase in sand prices in the province. Speaking at a recent press conference, Oeng Dypola, Deputy Direc...
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Condominium Development Shifts to Affordability After Decrease in Roi on High-end
The development trend in the Phnom Penh condominium market has now shifted toward the affordable segment following a decrease in return of investment on the high-end segment which industry insiders believe is a positive sign for the market. According to the recent Q2 2019 Phnom Penh Market Update report by international real estate agent CBRE Cambodia, eight new condominium projects totaling 5,...
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Kingdom’s Premier Architecture and Decor Expo Returns for Biggest Event to Date With a Focus on Smart Living
The Cambodia Architect & Decor Expo wrapped up its fourth annual instalment on Saturday 8 June after an action-packed three days that brought together more than 180 local and international exhibitors, brands and partners from across 19 countries. The multi-faceted expo, organised by ICVeX Co Ltd in association with the Cambodian Society of Architects (CSA), at Phnom Penh’s prestigious Diamo...
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Indonesian Government Raises Price Threshold for Tax on Luxury Properties
Photo by Facts of Indonesia In an effort to boost its real estate industry, the government of Indonesia is raising the price threshold of luxury sales tax on residential property. In a reversal of recent policies, a levy of 20 percent will apply to buyers of luxury residential units worth US$2.1 million or more in a departure from housing policies instituted a few years ago when the tax thre...
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