Chinese firms eye US$500 million commercial building in Kompong Speu province
Chinese companies have announced plans to build a US$500 million commercial building in Kampong Speu province after a meeting between the governor and the companies held in China. Speaking with Construction & Property Magazine through telegram on 10 April 2019, Kampong Speu provincial governor H.E Vei Samnang said that during his visit to Guangdong province, mobile phone manufacturer and p...
Read MoreFeasibility Study on Monorail and Metro in Phnom Penh Under Way
Sample photo by greenvillejournal.com The Ministry of Public Works and Transportation (MPWT) has said that the feasibility study on a monorail and metro in Phnom Penh is being conducted, citing that the study will lead to options for the government in developing the city’s transport sector to ease traffic congestion. Speaking at a meeting on road safety at the Ministry of Interior held on 09...
Read MoreAffordable Segment Leads Phnom Penh Condominium Market
With construction investment estimated to have reached US$1.8 billion during the first quarter of 2019, the condominium sector saw an increase in supply of more than 7% q-o-q driven by the affordable segment, according to the first quarterly report from international real estate agent CBRE Cambodia. CBRE Cambodia reported that three condominium projects were completed during the three-month per...
Read MoreUnderpass Construction Project on National Road Gets Green Light
Sample photo by Phnom Penh Municipality Facebook Page Phnom Penh Municipality has agreed on the construction of underpass proposed by Borey Peng Hout, a real estate developer, along the National Road No.1 of Boeng Chhuk village, Nirouth commune, Chbar Ampov district. Meat Measpheakdey, spokesman at Phnom Penh Municipality, said that the project was given the green light to the proposal by th...
Read MoreFour Cement Factories Capable to Produce 7 Million Tons
Sample photo by chipmong.com Four cement factories in Cambodia are capable in producing about 7 million tons per year to respone to the demand of the increasing construction sector in the country, according to Ministry of Mines and Energy. Speaking at the 7th extractive industrial governance forum recently, Mr Peng Navuth, under-secretary of state of Ministry of Mines and Energy, said the in...
Read MoreSen Sok Attracts Most Boreys While Chroy Changva Becomes Most Popular
Among the 12 districts in Phnom Penh, Sen Sok district holds most borey projects while Chroy Changva district is becoming more popular, according to the first quarterly report by international real estate agent CBRE Cambodia issued on 09 April 2019. Among the four sectors studied, the landed property sector is becoming one of the main sectors for the property market with the report finding that...
Read MoreChip Mong Land Inaugurates Road Linking to Three Important Roads in Phnom Penh
Residential development firm Chip Mong Land, a subsidiary of Chip Mong Group opened a new public road on 08 April 2019 linking up to other three important roads in Phnom Penh. Called ‘Neak Oknha Pheakdey Soboros Pho Keak Theb Padey Hun Neang’, this 753-metre long road has been renovated by Chip Mong Land to provide convenience for the people. The new road connects to three important roads, name...
Read MoreCambodia, Thailand to Officially Open Railway Connection
Sample photo by railwaygazette.com The rail lines between Cambodia and Thailand will be officially connected on April 22, increasing the facilitation of cross-border travel, logistics and trade by rail. H.E Sun Chanthol, Senior Minister and Minister of the Ministry of Public Works and Transport (MPWT), said that prime ministers of the two countries will attend the official inauguration cerem...
Read MoreStructure of Five-star Hyatt Regency Completed
Photo by Facebook Page Chip Mong Group The building structure of the five-star Hyatt Regency hotel in downtown Phnom Penh has been completed, according to project developer Chip Mong Group. On 05 April, Chip Mong Group celebrated the topping off ceremony while announcing that the hotel is expected to be finished and welcoming guests in the first quarter of 2020. According to the company, ...
Read MoreGovernment Approves Three Electricity Plants
Sample photo by GE.com The government approved three electricity projects on 05 April 2019 in Pursat and Kompong Chhnang provinces with an investment capital of more than US$347 million, according to the Government Spokesperson Unit. The government has permitted SPHP (Cambodia) Co., Ltd. to build the Pursat1 hydroelectric power plant which will have the capacity to generate up to 80 megawatt...
Read MoreJakarta Plans 10-year Infrastructure Investment
Sample photo by Fakhri Anindita Indonesian authorities have agreed on investing US$40bn over the next decade to improve the efficiency and livability of the capital Jakarta. The move comes ahead of Indonesia’s general election in April and is designed to relieve the notorious congestion in Jakarta. During the 1960s and 1970s, the capital saw massive growth but without adequate urban planning...
Read MoreNaga Secures Former White Building Land for Its New Us$4 Billion Project
Hong Kong-based NagaCorp Ltd has announced plans for a Naga 3 Project after securing more than 16,000 square metres of land on the former location of the White Building, according to a shareholder announcement by the company on 03 April 2019. According to the 29-page report, NagaCorp Ltd said that “the Group would expect to incur approximately US$3.8 billion to US$4.0 billion in capital expendi...
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