Condominium Purchasers in Phnom Penh to Have More Negotiating Power

In the coming years, there will be more challenges, change, and opportunities for Phnom Penh’s condominium market - the challenges will be matching the new products with real demand, as the number of condominium units from all sectors, from affordable, mid-range to luxury sectors, will grow significantly. The rapid and significant rise in land prices in Phnom Penh has resulted in developers hav...

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Ground Broken on 100-megawatt Power Plant in Preah Sihanouk

Photo by Sihanoukville Administration Ground was officially broken on a 100-megawatt coal-fired power plant in Preah Sihanouk province last week. According to a post on the Sihanoukville provincial administration's Facebook page, the power plant an investment by one of China's leading clothing companies HOdo Group Co Ltd, and is located in the Sihanoukville Special Economic Zone (SSEZ). S...

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Ministry Prepares Law on Fire Safety and Building Structures

In response to the steadily increasing number of buildings and to ensure construction quality and safety, the Ministry of Land Management Urban Planning and Construction (MLMUPC), is developing a new law focusing on building structures and fire safety issues, according to H.E Lao Tip Seiha, Secretary of State of the MLMUPC on 06 June at the Cambodia Architect and Decor Exhibition at the Diamond Is...

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US$480 Million in Hotel Investment Projects in Preah Sihanoukville Approved

On 6 May, the Council for the Development of Cambodia (CDC) approved hotel investment projects worth US$480 million and generating about 10,000 jobs. The approved investment projects are five-star hotels and entertainment center. According to a post on CDC’s Facebook, CDC’s investment committee has decided to register Zhi Xu Investment Co Ltd located in Preah Sihanoukville province which is inv...

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Comin Khmere: Real Estate and Construction forum a good platform for knowledge sharing

The recent Real Estate and Construction forum on 31 May 2019 was also an excellent platform for knowledge sharing, said Comin Khmere, a subsidiary of Comin Asia Group, one of the country’s leading engineering solution provider. Comin Asia were a gold sponsor of EuroCham’s fourth edition of the Real Estate and Construction forum. The company believes that in addition to knowledge sharing the for...

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Land Registration Nationwide to Be Completed in 2021

The Ministry of Land Management, Urban Planning and Construction has set 2021 as the deadline to complete land registration nationwide, including indigenous land registration, with 74% of total land parcels already registered. Around 5.2 million land parcels were registered nationwide, accounting for 74% of the total 7 million land parcels by April 2019, according to a press statement from the ...

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Government Approves Projects in Two Provinces Worth More Than US$29 Million

On 06 June, the Council for the Development of Cambodia (CDC) approved construction of two building materials factory and hotels in two provinces with estimated an investment capital of over US$29million. According to a post on the CDC Facebook page, the projects include the manufacture of all kinds of construction materials, located in Kiri Raksmey village, Prey Romdoul commune, Phnom Sruoch d...

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‘Special Home Tour’ to open new condo units of Chip Mong Land with discounts of up to US$3000

Chip Mong Land will organise the fourth 'Special Home Tour' on 08-09 June, 2019, located in the Land Park 271 along St. 271 cornering St. 371. On the day of the event, the company will also launch new units in Park Land TK Condo with discount coupon offers and special gifts. This 'Special Home Tour' is designed for all customers to visit the showroom and find out more about the luxurious design...

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Sovanna Shopping Centre to Renovate for New Image

Sovanna Shopping Centre, which opened many years ago, is planning to renovate the main market building to be more attractive as the momentum of new shopping malls in Phnom Penh increases. Improving the look of Sovanna Shopping Centre will require a temporary suspension of operations according to Chea Sokheak, general manager of Sovanna Shopping Centre. Ms Sokheak said that operations in the ...

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Representative of 830 Korean firms seeks construction cooperation in Cambodia

Representative of more than 800 international construction companies from South Korea has visited Cambodia to explore opportunities for construction cooperation between companies of the two countries. On 03 June 2019, representative of the International Contractors Association of Korea (ICAK) met with representative of the Cambodia Constructors Association (CCA) at Canadia Bank to discuss about...

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Japan-funded Khmer Silk Centre Opens

The Khmer Silk Center, a place to enhance knowledge and production of silk in Cambodia located at the Royal University of Phnom Penh, has officially inaugurated. After more than one year of construction, on 05 June, the Khmer Silk Center was inaugurated by H.E Hang Chuon Naron, Minister of Education, Youth and Sport, and H.E Hidehisa Horinouchi, Ambassador of Japan to Cambodia. Built under g...

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Construction Firms From Korea Eye Infrastructure Investment in Sihanoukville

Photo by Ministry of Environment International Contractors Association of Korea (ICAK) has unveiled to invest in the infrastructure and telecommunication in coastal Preah Sihanoukville province, where construction, real estate, and tourism are booming. In a meeting with H.E. Say Sam Al, Minister of Environment held on 03 June, Mr Lee Kun Ki, Chairman of ICAK, expressed his interests in stren...

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