Outlook on Phnom Penh Retail Spaces

The retail market in Phnom Penh is more dynamic than ever. The expansion by retail developers, entries of new local and international retailers combined with a challenging economic outlook are all adding up to the mix. In Phnom Penh, the latest major retail developments to be open in mid-2017 are the Exchange Square and Phnom Penh City Center, intensifying competition from existing shopping cen...

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CVEA Shares 5th Mandate Vision

After being appointed as president of the Cambodian Valuers and Estate Agents Association (CVEA) for his 2nd mandate in 2017-2018, Kim Heang lays out the association’s ambitious vision in an exclusive interview with Construction and Property Magazine. The election for CVEA President was tight with just one vote separating the 27-28 result. Does this division concern you? How do you plan to impr...

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Maximising Returns on Rental Investment

Many housing buyers in Phnom Penh prefer to buy properties and rent them out to others, with the hopes of delivering long-term capital growth and investment returns. Just as with all investments, there are some risks and not everyone who invests in property has good experiences. Rental investment is popular in Phnom Penh because of the increasing demands for such accommodation from foreign expa...

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Work starts on world’s tallest skyscaper

Work has begun on what is set to become the world’s tallest skyscraper in Dubai. ‘The Tower’, designed by Spanish-Swiss architect Santiago Calatrava, will be taller than the current record holder the Burj Khalifa which is also in Dubai and is part of the redevelopment of the old city. ‘The Tower’ is expected to rise 3,045 feet when it is completed in 2020 and cost around USD1 billion accordi...

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Chinese site accident kills 67

Health and safety regulations in Asia were highlighted again after 67 workers died when a platform they were working on collapsed on a construction site in China in November. The accident took place on a huge USD1.1 billion expansion of the Fengcheng Power Plant in the eastern province of Jiangxi when a platform holding workers building the power plant’s cooling tower gave way. Xinhua report...

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Chinese join mega satellite city project

Cambodian conglomerate LYP Group and the China Minsheng Investment Group (CMIG) signed an MoU in December to develop a 550-hectare “Cambodia-Chinese Friendship City”. The USD1.5 billion joint venture deal allows for CMIG, China’s largest investment company, to develop the residential area within the 2,000 hectare Garden City satellite city being built by LYP Group 10km north of Phnom Penh. C...

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China seeks partners for local steel mill

Cambodia’s dependency on imported steel for use in its booming construction sector is being seen as an opportunity by China to establish local production capacity. Hangzhou Iron and Steel, a Chinese state-owned enterprise with more than 50 years of experience is seeking partners to build the nation’s first steel production plant according to company executives. Vietnam and China are the main...

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Frence bricks ready to cement local market

Leading French concrete brick manufacturer Plattard Sas has announced it is looking to establish a production presence in the local market. Edouard Plattard, manager of the renowned French company, told a 'Modern construction equipment and new construction techniques of France’ workshop hosted by the MLMUPC, about the quality and advantages of their products. Plattard Sas manufactures bricks...

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Chinese loan sought for Phnom Penh – sihanoukville expressway

Cambodia is seeking a loan from China to enable construction of the long-planned Phnom Penh-Sihanoukville expressway. During a bilateral meeting in the Philippines capital Manila, Cambodian Minister of Public Works and Transport H.E. Sun Chanthol discussed this key infrastructure issue with Chinese vice-minister of Transport, Mr. Dai Dongchang. Mr. Dai promised to submit the request to the C...

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Cambodia – Thailand border bridge agreed

Cambodia and Thailand have reached a deal to build a cross-border bridge between Poipet and Aranyaprathet to ease commuting. The deal was one of two transport projects the countries agreed on the sidelines of the Fifth Joint Committee Meeting for the Greater Mekong Subregion Cross-Border Transport Facilitation Agreement in Chiang Mai, Thailand on 16 December. The new border bridge will be bu...

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ថវិកាប្រមាណ ២០០ លានដុល្លារ សម្រាប់ការធ្វើឲ្យប្រសើរឡើងនូវផ្លូវក្នុងតំបន់ជនបទ

នាយករដ្ឋមន្ត្រីនៃព្រះរាជាណាចក្រកម្ពុជា បានប្រកាសពីគម្រោងក្នុងការចំណាយថវិកា ប្រមាណ ២០០ លានដុល្លារ ដើម្បីធ្វើឲ្យប្រសើរឡើងនូវផ្លូវដីចំនួន ៧៥ ក្នុងខេត្តចំនួន ១០ ស្មើនឹង ១២០០ គ.ម ឲ្យទៅជាផ្លូវកៅស៊ូវិញ។ សម្តេចនាយករដ្ឋមន្ត្រី ហ៊ុន សែន ធ្លាប់បានលើកឡើងបង្ហាញពីគម្រោងនេះ នៅថ្ងៃទី ២ វិច្ឆិកា ក្នុងពិធីសម្ពោធផ្លូវកៅស៊ូ មួយខ្សែប្រភេទ DBST ដែលមានប្រវែង ៥៤៣ គ.ម ក្នុងខេត្តត្បូងឃ្មុំ កន្លងទៅថ្មីៗនេះ។ គម្រោងអភិវឌ្ឍ...

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UMG Unveils latest machinery

As part of its expansion strategy to Cambodia’s provinces, United Mercury Group (UMG) introduced a wide range of its latest machines, including those for the construction, agriculture and rock drilling sectors to machinery traders and users in Battambang province. The product road show, which was launched on 4 November at UMG’s Battambang branch, demonstrated the exceptional quality and latest ...

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