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ខ្មែរ 
Asian Brief
MARINA ONE CAUTIOUS IN SELLING UNITS M+S Pte Ltd, the developer behind the mega mixed-use project Marina One, took a cautious approach with the launch of residential units in the development by only releasing 150 to 200 of the 521 units in the first block at the official launch on October 11. Kemmy Tan CEO of M+S told Singapore’s Business Times that the release of the 521 units in the second...
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Ing City to Finish Around 2020
Under the 2014-2020 master plan, the ING City, previously known as AZ City, which is being built south of Phnom Penh, will be another massive satellite city once it is completed sometimes around 2020. Built on 2,572 hectares of land (including a 520 hectare water reservoir) reclaimed from the Boeung Tompun wetlands, the project is being developed in four stages by ING Holdings. The first stage,...
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Phnom Penh Powers On In H1 2014 Land Index
The first half of 2014 saw Knight Frank’s Prime Asia Development Land Index advance 4.9% and 2.9% for office and residential sites respectively. This represents a loss in momentum when compared to the 9.8% and 7.7% respective growth rates in H1 2013. While land transaction volumes in Asia dropped 5.0% year-on-year in H1 2014, investment inflow from outside Asia saw a fourfold increase from the ...
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White Building To Be Demolished?
The White Building, one of the most famous buildings in Phnom Penh has been the subject of recent controversy over whether or not it has been slated for demolition. The story gained extensive media coverage following an announcement by Phnom Penh Governor H.E. Pa Socheatavong in early September. According to the Municipality of Phnom Penh in a press conference at the time, inspectors from the m...
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Knight Frank Asia-pacific Prime Office Rental Index
LITTLE RENT MOVEMENT ON SHOW IN ASIA-PACIFIC PRIME OFFICE MARKET Knight Frank’s Asia-Pacific Prime Office Rental Index declined 0.7% in the second quarter of 2014, despite a 0.3% drop in the regional vacancy rate Eight of the prime office markets tracked saw prime rents soften in Q2 2014, with eight equally seeing rental growth; four markets recorded no rental movement. Half of the market...
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Casa Meridian Partners With Century 21 to Boost Sales
To boost sales for its remaining units, the Casa Meridian condominium has strategically partnered with Century 21, the world’s largest real estate broker. Through an endorsement agreement signed on 8 October, 2014, Century 21 Cambodia has endorsed Casa Meridian and now leads the sales of units in the capital’s newest skyscraper. The deal gives Casa Meridian access to Century 21’s 7,000 affiliat...
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Leed Founders Win Un Award
The United Nations has highlighted the importance of energy efficient buildings in reducing carbon emissions by presenting its top environmental award to the US Green Building Council (USGBC). The Champions of the Earth award was won by USGBC for its role in founding the globally recognised LEED green building rating system. USGBC said in a statement that LEED certifies 1.7 million square fe...
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Chinese Developer Considers $10bn Deal for Australian Homebuilder
Chinese property developer Country Garden is negotiating to buy Meriton, Australia’s largest residential builder. Chinese construction firms’ have been increasingly looking to expand outside China because of concerns over domestic overcapacity and slowing sales. Triguboff has put a value of A$10bn ($8.7bn) on the company, a price tag that would make him the second richest person in Australia...
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Comin Khmere Receives (Bs) Ohsas 18001:2007 Certificate
After years of commitment to strong business, quality and safety standards for its construction-related services, Comin Khmere Co., Ltd has been recently accredited the (BS) OHSAS 18001:2007 certification for a period of three years by BM TRADA, a UK-based international independence certification provider to businesses around the world. The OHSAS 18001:2007 certification recognizes that the pol...
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Building Projects Up While Value Down in 2014
Cambodia recorded a rise in the number of construction projects last year, while its total construction value was down against 2013. The Ministry of Land Management, Urban Planning and Construction approved 1,960 construction projects with a total construction area of 6.4 million square meters worth a total of US$2.5 billion last year. This was a rise of 339 projects over 2013 when 1,641 projec...
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Cambodia?s 24th Province Breaks Ground
After being officially established and included into Cambodia’s administrative system in 2014, infrastructure construction for the nation’s 24th province, Tbong Khmum, kicked off in early January. Divided by the Upper Mekong River, Tbong Khmum Province was carved out from Kompong Cham Province in the east of Cambodia that stretches across the central lowlands of the Mekong River. It borders the...
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Chinese Developer Builds World?s Tallest Pre-fab Skyscraper in 19 Days
A developer in the Chinese province of Hunan has built a skyscraper in just 19 days using a prefabrication technique designed to save energy and reduce pollution. The 57 storey, 2 million square foot tower built by Broad Group contains 800 apartments and has enough office space for 4,000 workers. The building was erected at a rate of 3 floors per day. The prefabrication technique avoided 15,...
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