Construction of Ring Road No.3 Begins
Construction on Ring Road No.3 linking the capital of Phnom Penh to Kandal Province has been officially inaugurated by Cambodian Prime Minister SamdechTecho Hun Sen. On 14 January 2019, Samdech Techo Hun Sen presided over the groundbreaking ceremony for the construction of the 52.9-kilometre Ring Road No.3 which stretches through Kandal Province for 38 kilometres and Phnom Penh for 15 kilometre...
Read MoreChip Mong Inaugurates US$150 Million International Mixed-Use Development
The Royal Field Development Company Limited, a subsidiary of Chip Mong Group broke ground on its 45-storey international mixed-use development, according to a press release issued by the company. On 14 January, 2019, the company began construction on the US$150 million project located along Russian Boulevard near the 5 January flyover. The complex is scheduled to finish construction and open in...
Read MoreADB Selects Ramboll for Development Project in Cambodia
Sample photo by Pixabay The Asian Development Bank (ADB) has selected global engineering firm Ramboll for its development projects in Cambodia, according to the company. Earlier this week, Ramboll said that ADB had selected its company for the large sanitation and wastewater treatment project in the four provinces. “The project will finance for sanitation subprojects in the city of Siem R...
Read MoreUS Firm Aims to Create World Longest U-shaped Building
Responding to the building height limitation in New York, an architectural firm in the United States has designed the world’slongestU-shaped building. Called 'The Big Bend', this stunning building has been designed by US-based architectural Oiio, and will stretch in the heart of Manhattan, New York. Standing 4,000-foot long (about 1,219 metres), 'The Big Bend' was designed by Mr Ioannis Oiko...
Read MoreOptions for Investing in Lease Properties
Most of the condominium units in Cambodia nowadays are offered on a freehold basis. However, you will occasionally come across different types of projects that are offered on leasehold if the option of freehold is not available, such as buying land. Properties located on land that is not available for freehold, such as land that is owned by individuals and private entities who do not wish to se...
Read MoreWow Wow…Winning Home Prizes!
Finally, the “ISI PALM Lucky Draw” brought fortune to its customers who have now become the proud owners of 43-inch LG TVs (50 prizes) and ZOOMER X 2018 motorcycles (30 prizes). Most especially was one unit of a Mekong house model MH 962 to Mr Lim Darith who lives at Samrong Thom Commune, Kien Svay District, Kandal Province. The lucky draw was held on Sunday 06 January 2019, at the CNC TV stati...
Read MoreOknha Mong Reththy Teams Up With Japanese Firm to Build Motor Racing Circuit
To promote and diversify Cambodian sports, renowned investor Oknha Mong Reththy has decided to team up with a Japanese firm to construct a Grade 2 motor racing circuit in Kampong Speu province. On 07 January, 2019, Oknha Mong Reththy announced the project through his official Facebook page where Mong Reththy Group signed an agreement for the project with Yamamoto Rock Products Co Ltd. The pr...
Read MoreTourism City, a Stunning Project by Canadia Group Showcases a Modern Lifestyle in the Heart of Siem Reap
Tourism City, is a stunning showcase of modern lifestyles located to the east of Siem Reap city which was launched last December. Developed by the Canadia Group and financed by Canadia Bank Plc, the project is one of the biggest in the tourism capital of Cambodia. Stretching over 66 hectares of land along National Road No. 6 next to Makro shopping mall Siem Reap, Tourism City is the result of a...
Read MoreSamdech Hun Sen: National Road No.2 Nearing Construction
In order to facilitate trade as well as attract more investors, the government is preparing for the ground breaking of the rehabilitation of National Road No.2, according to SamdechTecho Hun Sen, Prime Minister of Cambodia. Speaking at a meeting with factory workers in Takeo province on January 9, 2019, SamdechTecho Hun Sen said that construction on National Road No.2 will soon begin. Samdec...
Read MoreSeat Installation Begins at Chinese-funded Morodok Techo Stadium
Installation of the concrete spectator seating has begun at the Morodok Techo National Stadium following 16 months of extensive construction work. The Morodok Techo National Stadium is located in Prek Tasek, Khan Russey Keo, Phnom Penh and is to be the venue for the 2023 ASEAN Games. On 09 January, 2019, the China State Construction Engineering Corporation (CSCEC), the company responsible for t...
Read MoreWhat Does Digital City Mean for City Management?
Credit to wrld3d.com https://youtu.be/6QU61AnMobo Climate change, population growth, and technological advances are partly contributing to changes in the landscape of city management to be more efficient. Meanwhile, the term Digital City is now becoming popular across the globe, but what does Digital City mean? Construction& Property Magazine recently met with a representative of worl...
Read MorePhnom Penh-Sihanoukville Expressway Remains on Course
The US$2 billion Phnom Penh-Sihanoukville Expressway project is moving forward without any changes, according to the Ministry of Public Works and Transport (MPWT). On 08 January, 2019, H.E. Va Simsorya, spokesman for MPWT told Construction&Property Magazine that the highway construction project remains on course. “This project will start construction, but we do not know the exact date fo...
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