All News

Minister of Commerce Presides Over Ground-breaking of New Road in Kampong Cham

24 July 2018

On Sunday 22 July,2018, H.E Pan Sorasak, Minister of Commerce presided over the ground breaking ceremony for the construction of a red gravel road in Kampong Cham Province. The new gravel road connects three villages to the province and is 3.5km long, 6m wide with one box culvert and five drainage pipes. Speaking during the ceremony, H.E Pan Sorasak said that “this new infrastructure is in l...

CBRE: Supply of Condominiums in Phnom Penh Increased by 20%

23 July 2018

A new report by real estate agent CBRE Cambodia has shown that the supply of condominiums in Phnom Penh increased by 20% quarter-on-quarter(q-o-q) in the course of Q2 of 2018, making a total supply of condominiums in the capital of 11,830 units. “Cambodia Phnom Penh Marketview for Q2 2018” revealed that in the second quarter of 2018, around 2,000 condominium units were completed with five new p...

Tax Collection Exceeds Target on Construction and Real Estate

21 July 2018

Tax collection in the first six months of 2018 has reached 61.28% of the yearly plan with construction and property taxes having a sharp increase, according to H.E. Kong Vibol, a Delegate of the Royal Government in charge as Director-General of the General Department of Taxation (GDT). In a special interview programme with reporters, H.E Kong Vibol said that among the total tax revenue of more ...

Concessional Loan Agreement for Ring Road No.3 Signed

20 July 2018

Ring road 3 map The Ministry of Economy and Finance (MEF) has signed a concessional loan agreement with China funded bank Export-Import Bank of China (EXIM Bank of China) for the construction of the Ring Road No.3 project worth US$259 million, according to Fresh News. According to the same source, the Ring Road No. 3 is a four-lane road with the total length of 47.6 km connecting Cambodia's ...

Construction of New Cargo Terminal in the Pipeline

19 July 2018

Phnom Penh International Airport / Photo: Vinci With the value of the international trade in goods on the rise along with demand for air cargo services, Cambodia Airports has revealed future plans to construct another cargo terminal in Phnom Penh International Airport in order to provide efficient cargo handling services. Mr.Khek Norinda, the communications and PR director for Cambodia Airpo...

Sales Launched for Kandal Province Affordable Housing Project

19 July 2018

Borey Monorom Preaek Ta Teaen B&BM Development Co, Ltd launched official sales for their affordable housing project Borey Sen Monorom in Kandal province on 12 July. Located along National Road No. 5 (22km from Wat Phnom) in Preaek Ta Teaen Commune of Kandal province, the project comprises of more than 5,000 housing units which are being built on approximately 82 hectares of land. The pro...

Experts Predict Real Estate Sector Growth After July Election

18 July 2018

Real estate experts foresee a significant rise in the property sector after the 29 July National Election based on the assumption that for the past six months prior to the vote many investors prefer to await the outcome. According to a survey conducted by Key Real Estate Co., Ltd, land prices in Phnom Penh saw a slight increase in H1 2018 compared to H2 2017. Duan Penh, 7 Makara, Chamkarmorn, a...

Construction to Start on New Siem Reap International Airport After Election

16 July 2018

Photo: Archetype / Siem Reap International Airport Construction on the new Siem Reap International Airport will take place after the 29 July election, according to state-run news agency Agence Kampuchea Presse. On 13 July, Siem Reap Governor H.E. Khim Bunsong met with representatives from Angkor International Airport Investment (Cambodia) Co., Ltd, the company contracted to build the new air...

Chip Mong Breaks Ground on Sen Sok Community Mall

16 July 2018

Chip Mong Retail, one of the Chip Mong Group’s newest business subsidiaries, held a groundbreaking ceremony on 12 July for its Sen Sok Mall, a community mall in the fast-growing district of Sen Sok. Located on a prime location along Oknha Mong Rithy Blvd and right in front of The Parkland Sen Sok, the Chip Mong Sen Sok Mall covers the total area of 40,000 square metres, and will offer a mix of ...

Prek Pnov to Become the New Property Hotspot

13 July 2018

Prek Pnov District Prek Pnov District, a suburburn area in the north west of Phnom Penh has recently become more popular and has attracted small and medium scale land buyers as the city continues expanding. The latest survey by Key Real Estate Co., Ltd shows that during the first half of 2018, the land prices in Prek Pnov are saw a significant increase compared to H2 of 2017. The land price ...

Third Coal Power Plant in Sihanoukville to Start Construction Next Year

12 July 2018

Sample photo by Wikimedia The Cambodian government has given the green light tothe construction plansfor a two-unit coal-fired power plant in Sihanoukville Province worth more than US$1 billion, according to H.E. Victor Jona, Director General of the General Department of Energy for the Ministry of Mines and Energy (MME). In a phone interview with Construction & Property Magazineon 11 Jul...

Green Singapore Tower Wins Ctbuh Award

12 July 2018

The Oasia Hotel in Singapore The Oasia Hotel in Singapore, a green tower with 54 different kinds of climbing plants, has been named as the best tall building of the year by the Council of Tall Buildings and Urban Habitat (CTBUH). Antony Wood, the director of CTBUH, commented: “This project won not only because it incorporates 60 storeys of green walls along the exterior, but because of its s...