New 106-storey Commercial Building to Be Malaysia’s Tallest

Sample photo by Mulia Malaysia soon will see its tallest iconic new building, The Exchange 106, steals the title from the country's current signature building, the Petronas Twin Towers. The new building is a luxury commercial building stretching up in the heart of Malaysia's international finance and business of TunRazakExchange (TRX). The building, an investment by Mulia Property Developmen...

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One-bedroom Apartment Units Account for More Than 50% of Supply in 2018

Sample photo by Apartment List Serviced apartments have become an important aspect of the real estate sector and a recent report shows that one-bedroom units accounted for the majority of supply in the fourth quarter of 2018. According to a report by Cambodia’s largest property appraisal firm,VTrust Appraisal Cambodia, one-bedroom units accounted for 55% of the total supply on the market, eq...

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Cambodia to Seek Loan From China for Electrical Grid

In order to expand the supply of electricity to all provinces across the country, the government plans to seek an additional loan from the Chinese government for the construction of a national electrical grid, according to Samdech Techo Hun Sen, Prime Minister of Cambodia. The statement was made during the grand opening ceremony of the Hydro Power Lower Sesan II on 17 December, 2018. (Read more...

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Amcham establishes real estate and construction committee

With Cambodia’s real estate and construction sectors booming and increasing numbers of international companies entering the market, a growing number of specialised business chamber committees are also emerging. One recent example is the American Chamber of Commerce in Cambodia (AmCham) which has established a real estate and construction committee to serve as a platform for information sharing ...

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VTrust Soft Launches 2030s Real Estate Report

In a bid to promote the real estate sector in Cambodia, Cambodia’s largest property appraisal firm VTrust Appraisal Cambodia has launched its decennium report on the real estate sector in Phnom Penh. On 18 December, 2018, VTrust presented its report on the Phnom Penh serviced apartments market, which is part of its main report titled 'Phnom Penh 2030s: Ten Predictions for the Real Estate Sector...

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Royal Chartered Academy Institute Hosts First Courses on Property Investment and Shopping Mall Management

Cambodia construction and real estate education institution the Royal Chartered Academy Institute (RCA) has successfully completed its first short course. The four-day training course held from 11 to 14 December 2018 focused on two subjects in related to the industry in Cambodia, namely property management and shopping mall management. After completing the course, Professor Daniel Tan expres...

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Hydro Power Lower Sesan II Dam Inaugurated

On 17 December, 2018, the Hydro Power Lower Sesan II dam was inaugurated,presided over by SamdechTecho Hun Sen, Prime Minister of Cambodia. The Hydro Power Lower Sesan II, which is located in Stung Treng Province, has the capacity to produce electricity of up to 400 megawatts. The project was built under a joint venture between three companies with a total investment of US$800 million. The c...

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CVEA to Increase Members in Sixth Mandate With Discount Strategy

The Cambodian Valuers and Estate Agents Association (CVEA) has successfully closed its fifth mandate and has announced an attractive strategy to increase its members. Newly-elected CVEA President for the sixth mandate Mr Chrek Soknim also announced a new 50% discount policy to attract companies and real estate agents to join the CVEA. “I will continue to increase the number of member to more...

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PM Hun Sen: Cambodia Pushing for Minimum Wage for Construction Workers

The Royal Government of Cambodia is pushing for a minimum wage for construction workers, according to Prime Minister Samdech Techo Hun Sen. In a meeting with garment workers in Kampong Speu Province on 12 December 2018, SamdechTecho Hun Sen said that Cambodia will expand its minimum wage measure to other sectors, including the construction sector to reduce the problem of worker migration. “W...

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Us$70 Million Adb Loan to Develop National Roads No. 1 and 6

The Asian Development Bank (ADB) has agreed to provide a US$70 million loan to Cambodia for the improvement and maintenance of National Roads No. 1 and 6 according to a press release by the Ministry of Public Works and Transport (MPWT) dated 13 December, 2018. The loans, which are divided into three packages, will be used for upgrading National Road No. 1 from kilometre 63 to kilometre 159 from...

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Citizen across Cambodia can improve road quality through new mobile app

The Ministry of Public Works and Transport (MPWT) on 13 December, 2018 has created new history with the launch of new mobile app aimed at improving road quality across Cambodia. Called Road Care, this phone application is the world first road maintenance program created by Cambodians under the 100-day mission instructed by MPWT. This application enables citizen to participate in improving the q...

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Eco-friendly Mixed-use Development Project Underway on Mao Tsetoung Blvd

With the increasing numbers of construction projects throughout Phnom Penh, sustainable construction incorporated with an eco-friendly concept is becoming a new trend in the construction sector in Cambodia. This new trend reflects the presence of a new mixed-use development project called The Point, which is designed with an integration of the concept of nature with other functions of a modern ...

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