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ខ្មែរ 
April Sees Land Ministry Approve Over Us$34 Million in Construction Investment
The Ministry of Land Management Urban Planning and Construction (MLMUPC) has permitted more than US$34 million construction investment across the country since early April, according to data available on the ministry’s mobile application. According to the ‘Cambodia Construction’ app which was launched last year (read more), from early April to 21 May, the MLMUPC approved seven business construc...
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Malaysia’s East Coast Rail Link to Proceed After Costs Slashed
After cancelling the Chinese-sponsored East Coast Rail Link in February 2019 due to concerns about the huge price tag, the Malaysian government has announced work will restart after costs have been slashed by US$5 billion. The first two phases of the 688km rail link will cost about $10.6bn, rather than the original estimate of $15.9bn, according to a statement from the office of Prime Minister ...
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Competition Rises in Phnom Penh’s Retail Property Market
Competition is increasing in Phnom Penh’s retail property sector as developers build new retail centres. New community malls and shopping centres that are set to be complete or open include Phnom Penh Megamall (formerly Parkson Mall), The Bridge, Downtown 93, Noro Mall and Olympia Plaza Mall. These new developments will increase total retail spaces to approximately 300,000 square metres. The re...
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CCA organises 10th business networking party
On 29 March 2019, the Cambodia Constructors Association (CCA) with support from CAST LABORATORIES PTE LTD, organised its 10th Business Networking Party with more than 200 people participating. Held at the Hard Rock Coffee at Exchange Square, the event provided the 166 CCA members an opportunity to meet each other directly, network and to find out more about the supply and demand of construction...
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Indonesia Considering Moving Its Capital
The government of Indonesia is considering moving its capital Jakarta to the nearby island of Borneo due to concerns about overpopulation, urban gridlock and rapidly rising sea levels. The radical plan is focused on potentially establishing a new capital 900km away in Palangka Raya in Central Kalimantan province. A team from the Coordinating Ministry for Political, Legal, and Security Affair...
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Cambodia Architect & Decor 2019
The platform to create networking and business opportunities between international stakeholders and local Cambodia architects, project developers, interior designers as well as traders and distributors, will return on 6 – 8 June 2019 at the Diamond Island Convention and Exhibition Center, Phnom Penh. Organisers, the Cambodian Society of Architects and ICVeX, retain the theme of “Design for bett...
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Completion of Neang Kong Hing Walkway Delayed to End of 2018
The completion of Neang Kong Hing walkway has been delayed to the end of 2018 despite the initial plan to finish by last month, according to Phnom Penh Municipal Hall spokesman Met Measpheakdey. The progress of the walkway is now in stage 3 as another pedestrian bridge section was installed last night (May 19). The USD3 million walkway was ground broken about 7 months ago by Overseas Cambodi...
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FC Barcelona New York Academy Developers Visit Cambodia to Provide Us Immigration Opportunity
FC Barcelona New York developers, Prospect Sports Partners, delivered a keynote presentation to investors in Phnom Penh offering them the opportunity to immigrate to the United States under the US government’s EB-5 immigration program. FC Barcelona New York Academy Developers, Prospect Sports Partners, delivered a keynote presentation to investors in Phnom Penh offering them a chance to immigra...
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Thailand Condominium Market Facing Glut With More Than 450,000 Units Unsold
Thailand’s condominium market is seeing a glut with more than 450,000 units going unsold across the country in 2018, according to business media outlet Bloomberg. On 16 May 2019, Bloomberg reported that around 65,000 new apartments were added to Bangkok alone in 2018 while 454,814 residential units across Thailand went unsold in the same period with a value worth around US$41 billion. “The o...
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Expansion of Sihanouk Airport to Be Complete in 2022
The expansion of the runway at Sihanouk International Airport is scheduled to be complete before the end of 2022 to handle the long-haul aircraft of world leaders who will attend the ASEAN Summit in Cambodia’s Preah Sihanoukville province. Mr Sin Chansereyvutha, spokesperson at the State Secretariat of Civil Aviation (SSCA), said that for handling landings of long-haul aircraft, the expansion o...
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Value-based Asset Development Management
By Michelangeloop The real estate industry is often defined as the process of buying and selling properties. In the 21st Century, real estate has grown into an industry that attracts professionals in fields including asset management, facilities management, and valuation and real estate. What are the differences between these roles? Asset Management: Jones (2008) defines asset management ...
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Aeon Eyes More Grocery Stores in Cambodia
Photo by digjapan.travel Global retail player Aeon Group is looking to open more grocery stores across Cambodia after having been successful with its operation in the country, said the Council for the Development of Cambodia (CDC) earlier this month. In a press release of the recent meeting between representatives of Cambodia and Japan, H.E Sok Chenda Sophea, Minister attached to the Prime M...
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