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Phnom Penh Condominium Market to See Sharp Change in 2019
The Phnom Penh condominium market is set to see a sharp change in 2019 with supply now shifting towards the affordable segment, according to one of Cambodia’s leading real estate firms. In a recent market review report on condominiums, CBRE Cambodia said that the delay in condominium completion in quarter 4 of 2018 will causes an upward trend in condominium stock within the first and second qua...
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‘construction and Real Estate Sector Will Not Fall in 2019’
With Cambodia's economic growth partly dependent on the construction and real estate sector, predictions remain healthy for 2019, despite a decline in capital investment in 2018. The recent macroeconomic report from the National Bank of Cambodia (NBC) outlined some of the risk factors for Cambodia's economy, including stronger reliance on construction and real estate as the sectors contribute o...
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Construction of Ring Road No.3 Brings Hope for Land Prices
The announcement of the construction of Ring Road No.3 connecting National Road No.4 to National Road No. 1 is bringing higher hope for land prices in those areas. According to H.E Vasim Sorya, spokesman of the Ministry of Public Works and Transport (MPWT), upon receiving US$259 million concessional loans from EXIM Bank of China, Ring Road No.3 is to officially begin construction on 14 January ...
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Deal for Prey Veng Jurassic Theme Park Scrapped
Sample photo by Shenghung Lin The joint venture responsible for the planned Jurassic Theme Park in Prey Veng Province has announced that the project is to be scrapped with Malaysian investment firm, MQ Technology Berhad pulling out of the deal with Cambodia Resort and Entertainment (CRE). According to an announcement made on the Bursa Malaysia stock exchange on 02 January, 2019, MQ Technolog...
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Design and Construction Firms Listed in Kingdom Rises
The booming construction industry in Cambodia is currently attracting more and more design and construction firms which have now reached more than 2000. According to a report from the Ministry of Land Management Urban Planning and Construction (MLMUPC) releasedin late December 2018, the total number of registered design and construction companies in the Kingdom reached 2,294 over the last 18 ye...
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Foreign Investment Driving Vietnam Property Market
Vietnam’s booming residential property market has seen foreign investors account for the majority of all large property transactions in 2018, according to CBRE. In an interview given to local Vietnamese mediaVNA, Vikram Kohli, Regional Managing Director of Southeast Asia for CBRE, explained that 50% of all residential deals in Vietnam this year have been from Asian investors. Investors from Sin...
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60-megawatt Solar Power Plant Being Built in Cambodia
Sample photo by Pixabay As the world shifts toward investment in renewable energy, Cambodia is also diversifying its energy sources toward solar power. Cambodia is now preparing to get see a huge solar power plant come online in the near future thanks to an investment by local electric power technology provider SchneiTec Group. Located in Kompong Speu province,the plant will have the capaci...
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Structure of Prince It Building Completed
Renowned property developer Prince Real Estate Group has completed the building structure of its project in Sihanoukville, according to apost on the company's Facebook page. According to the announcement on 28 December, 2018,the company has completed the construction of the main structure of the Prince IT Building, a 60,000-square metre information technology building. Located near the Golde...
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US$12 Million Win-win Memorial Peace Symbol Inaugurated in Cambodia
After two years of construction, Cambodia's Win-Win Memorial has been officially inaugurated by Cambodia Prime Minister Samdech Techo Hun Sen. Spreading in the heart of 8 hectares of land, the Win-Win Memorial has been built to commemorate Cambodian heroes who sacrificed themselves in the pursuit of peace during the time when Cambodia was undergoing a ruthless civil war. In addition, the Win-Wi...
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Long-term Investment in Real Estate
“Risk-averse” investors prefer to invest in tangible assets like property. There are many ways people invest in real estate, such as flipping properties i.e. holdingthem for a short term and selling at a profit. Some investors prefer to put their investments in the stock market, which is still not common in Cambodia, but investing in stock market means there is significant price volatility. Howeve...
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LG Twin Wash Showcases in Cambodia Market
One of the world's leading producers and supplier of electronic appliances, LG, have recently introduced washing machine products using its latest technology to the Cambodian market.The presence of Twin Wash in the Cambodian market has been welcomed and attracted great attention from customers. The Twin technology made LG becomes one of the most innovative and successful companies within the laund...
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Four Draft prakas on Construction Safety Soon to Be Finalised
To promote and ensure work safety for the construction sector, the Ministry of Labour and Vocational Training (MLVT) is now drafting four Prakas which will be finalised soon. Recently, Dr Han Nopakun, deputy director of the Department of Occupational Safety and Health of MLVT, told Construction&Property Magazine that the ministry is currently preparing four new Prakas, most of which focus o...
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