Aluminium China 2019 Ushers in New Industry Era, Following Positive Performance Indicators

Aluminium China 2017 This year’s Aluminium China exhibition and conference, which will be held in July, will again serve China’s rapidly expanding aluminium industry by showcasing new state-of-the-art processes and products in the fields of automotives, construction, transportation, aerospace and consumer durables. Following new green manufacturing trends, Aluminium China 2019 is set to help op...

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Two types of mall shaping Cambodia retail sector

As the retail sector’s influence on Cambodia’s property development grows, industry players are now focusing on two types of malls that best serve the country’s consumers. Cambodia leading retail firm, Chip Mong Retail (CMR) recently unveiled its ambition to capture retail market share by segmenting the market into community malls and urban malls. “To compete effectively with the malls in Ca...

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CDC Approves Four Construction Material Factories Worth Us$35 Million

Sample Photo Credit: Doha Cables The Council for the Development of Cambodia (CDC) has recently given permits to four firms to invest a total of approximately US$35 million to establish their construction material business in Cambodia, which are expected to generate at least 1,600 jobs. According to a press release from CDC, the four firms are Fashion Houseware (Cambodia) Co., Ltd, Tubao (Ca...

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More Skilled Cambodian Construction Workers Promised for Japan

Cambodia and Japan agreed on more skilled construction workers working in Japan as a result of a 1 February 2019 meeting between the two parties. The Ministry of Labour and Vocational Training (MLVT) and the Japan Cambodia Interactive Association (JCIA) met to discuss labour cooperation, according to a Facebook post by the MLVT. JCIA Director Mr Fumio Yamada, said that there were more than 4...

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Song Saa opens plot sales for Cambodia’s largest eco-tourism development

Developer Song Saa Collective announced the opening of the sales of land plots in Cambodia's largest eco-tourism, according to its sole agent CBRE Cambodia. Recently, international real estate firm CBRE Cambodia said that Song Saa has currently opened land plots in the Banteay Srei development zone for sale as part of the huge eco-tourism project, The Song Saa Reserve, in Siem Reap Province. ...

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Luxury MekongView 6 residence set for 2019

Luxury residence MekongView 6 is set for completion in 2019 adding more than 300 units to the market. Sitting in the heart of the increasingly popular Chroy Changva area, the 23-storey MekongView 6 residence is set for completion by July 2019, according to the developer’s sales representative. On 1 February 2019, the company sales representative told Construction & Property Magazine tha...

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Stability and Economy Are the Natural Resources of Real Estate Growth Says Oknha Pung Kheav Se

One of Cambodia’s most prominent and well-known investors in construction and real estate has said that the growth of the sector relies on political stability and a strong economy as its natural resources. Speaking to a meeting between the Cambodia Constructors Association (CCA) and Cambodian Valuers and Estate Agents Association (CVEA) Neak Oknha Pung Kheav Se, Chairman of the Board of Directo...

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National Bank: Real Estate Credit Risk Remains Low

Although the real estate sector continues to consume large amounts of credit, risks associated with this high credit growth in the sector remain low, according to a National Bank of Cambodia (NBC) assessment. The NBC annual report 2018 for financial stability risk assessment released on 30 January 2019, stated that credit in the real estate sector is still healthy despite its strong growth of a...

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Two major associations to promote real estate valuation in Cambodia

Cambodia's robust economic growth is generating increasing prosperity in the real estate sector, reflected by an increase in real estate prices across the country. According to two major associations, this trend is also making property valuation an essential path for sustainable growth of the sector. On 30 January 2019, Chairman of the Cambodia Constructors Association (CCA) Neak Oknha Pung Khe...

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UK Condo Adding More Stock to Local Condominium Market

Condominium stock across Cambodia continues to rise with an average growth of around 18% in the fourth quarter of 2018, reflecting the country’s strong economic growth. With this influx of supply, condominium developer UK Condo & Construction Co, Ltd is gaining further market share thanks to its ongoing projects which now amount to more than 4,000 units across major cities. The firm rece...

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Construction Deal for National Road No.5 Signed

The Ministry of Public Works and Transport (MPWT) has signed a construction deal with three Japanese firm as part of the US$500 million loan project funded by the government of Japan. The deal between the MPWT and Ilsung-Cienco I Joint Venture, Obayashi Corporation, and Tekken-Ikee Joint Venture, is for the work on the rehabilitation of NR5, for which each firm is to have different package all ...

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Feasibility Study Underway for Phnom Penh-siem Reap Expressway

Two companies are conducting feasibility studies for a Phnom Penh-Siem Reap Expressway, according to the Minister of Public Works and Transport (MPWT) on 28 January 2019. Speaking to reporters after signing a road construction agreement with Japanese firms, H.E Sun Chanthol, Senior Minister and Minister of MPWT, said that two companies are now studying the feasibility of building the expressway...

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