English 
ខ្មែរ 
Construction Contracts in Cambodia
In recent years number, there is been a steep increase in the number of constructions projects in Cambodia -- more than 22 percent with an estimated value of USD 6.4 billion in 2017. Accordingly, The Ministry of Land Management, Urban Planning and Construction approved a total of 3,052 projects. This investment is driven by the number of China investors in apartments, condominiums, hotels, casinos...
Read More
Lighthouse Club Diary
The Lighthouse Club Cambodia has lots of upcoming events planned starting with our 4th Annual Golf Day, on Friday 23 March 2018. Players will enjoy a “meet and greet” evening at the Exchange Bar, the night prior to the Golf Day. On the day, tee off for this 18 hole event, will commence at 12:30 pm, and all players are welcome to arrive early to enjoy the driving range facilities and a light lunch....
Read More
Capitaland Expands Local Footprint
Singapore’s leading property developer CapitaLand purchased the high-rise 37-storey Pearl Bank Apartments in the city-state’s Chinatown area for USD550 million in January to redevelop the site. The 288-unit is located in a prime location on a 82,376 square feet plot in Outram Park on top of Pearl Hill. According to a statement by the company, CapitaLand intends “to redevelop the site into a ...
Read More
Indonesia Halts Transport Construction After Injuries
The Indonesian government announced an immediate halt to work on public transportation construction sites on 20 February following a spate of serious injuries. The halt was called after seven workers were injured on the site Bekasi-Cawang-Kampung Melayu toll road when a girder pole collapsed on them, leaving them in critical condition. Last month four workers were killed and five injured whe...
Read More
Arup Aiding Philippines’ Usd11bn Infrastructure Plan
Leading UK-based engineering consultants Arup signed a contract with the Philippines government in February to conduct feasibility studies and plans for new bridges, tunnels, and highways worth over USD11bn as part of the nation’s ambitious infrastructure program. In October 2017, the Asian Development Bank (ADB) approved a USD100m loan to support the Philippine government in accelerating its “...
Read More
Safari World Phnom Penh to Open in April
After two years of construction, the gigantic zoo Safari World Phnom Penh by L.Y.P Group is set to open for public this upcoming April, according to Agence Kampuchea Press (AKP). Located on more than 80 hectare of land in Chrouy Changva district, Safari World Phnom Penh will become the largest zoo ever of its kind in Phnom Penh and in Cambodia, with the investment value of about USD 9 million. ...
Read More
Prices Rocket on Capital’s Shophouses
Shophouses in emerging areas of Phnom Penh soared in price last year as investors look to capitalise on the rise of large retail outlets. A report by VTrust Appraisal showed that on average, shophouses in the Cambodian capital were fetching prices 57 percent higher than those in the previous year. Units in the mushrooming district of Sen Sok, the locations of the new Makro supermarket and th...
Read More
Real Estate Sector Leading Credit Recipient
The National Bank of Cambodia (NBC) reported in February that USD3.91 billion in bank loans were absorbed by the nation’s construction and real estate sectors in 2017. The two sectors represented 24.28 percent of last year's total bank loan portfolio of USD16.10 billion which was a 16.8 percent year-on-year increase from 2016. Loans to developers totalled USD1.52 billion, while home buyers a...
Read More
Phnom Penh land prices predicted to drop slightly in 2018
According to a survey conducted by Key Real Estate Co Ltd, land prices in Phnom Penh are likely to drop by between 2 to 5 percent in 2018 due to both economic and political factors. “As it’s generally known, during the pre-election period, investors do not really want to take much action. They prefer to wait and see what will happen after the election,” said Mr Sorn Seap, founder and CEO of Key...
Read More
Eight-lane Highway Collapses in China
A 30-metre section of eight-lane wide highway collapsed near a subway construction site in China on 7 February, killing eight people. The incident which occurred in Foshan, Guangdong province in southern China injured a further nine. Reports on Chinese state television said that the elevated highway collapse was caused by a rush of water from leaking pipes damaging the subway tunnel being bu...
Read More
Work Starts on Green Tower
Ground has been broken on what will become one of Singapore’s tallest and most iconic buildings featuring whole floors of natural greenery. The 51-storey 88 Market Street project will eventually rise 280m high with 93,000 sq m of space Designed by Danish architect Bjarke Ingels Group (BIG) and Italy’s Carlo Ratti Associati (CRA), the tower’s facade will be made from steel and glass interwoven ...
Read More
Singapore Launches Land Transport Innovation Fund
Singapore’s Land Transport Authority (LTA) has announced an USD18.8 million Land Transport Innovation Fund over five years to support research and trials in pioneering mobility solutions for the city state. The LTA is exploring the use of automation and autonomous vehicles (AVs) to improve efficiency, reduce human error and deliver better services, according to a statement released on 12 Februa...
Read More