Condominium Purchasers in Phnom Penh to Have More Negotiating Power
In the coming years, there will be more challenges, change, and opportunities for Phnom Penh’s condominium market - the challenges will be matching the new products with real demand, as the number of condominium units from all sectors, from affordable, mid-range to luxury sectors, will grow significantly. The rapid and significant rise in land prices in Phnom Penh has resulted in developers hav...
Read MoreGround Broken on 100-megawatt Power Plant in Preah Sihanouk
Photo by Sihanoukville Administration Ground was officially broken on a 100-megawatt coal-fired power plant in Preah Sihanouk province last week. According to a post on the Sihanoukville provincial administration's Facebook page, the power plant an investment by one of China's leading clothing companies HOdo Group Co Ltd, and is located in the Sihanoukville Special Economic Zone (SSEZ). S...
Read MoreMinistry Prepares Law on Fire Safety and Building Structures
In response to the steadily increasing number of buildings and to ensure construction quality and safety, the Ministry of Land Management Urban Planning and Construction (MLMUPC), is developing a new law focusing on building structures and fire safety issues, according to H.E Lao Tip Seiha, Secretary of State of the MLMUPC on 06 June at the Cambodia Architect and Decor Exhibition at the Diamond Is...
Read MoreUS$480 Million in Hotel Investment Projects in Preah Sihanoukville Approved
On 6 May, the Council for the Development of Cambodia (CDC) approved hotel investment projects worth US$480 million and generating about 10,000 jobs. The approved investment projects are five-star hotels and entertainment center. According to a post on CDC’s Facebook, CDC’s investment committee has decided to register Zhi Xu Investment Co Ltd located in Preah Sihanoukville province which is inv...
Read MoreGovernment Approves Projects in Two Provinces Worth More Than US$29 Million
On 06 June, the Council for the Development of Cambodia (CDC) approved construction of two building materials factory and hotels in two provinces with estimated an investment capital of over US$29million. According to a post on the CDC Facebook page, the projects include the manufacture of all kinds of construction materials, located in Kiri Raksmey village, Prey Romdoul commune, Phnom Sruoch d...
Read MoreSovanna Shopping Centre to Renovate for New Image
Sovanna Shopping Centre, which opened many years ago, is planning to renovate the main market building to be more attractive as the momentum of new shopping malls in Phnom Penh increases. Improving the look of Sovanna Shopping Centre will require a temporary suspension of operations according to Chea Sokheak, general manager of Sovanna Shopping Centre. Ms Sokheak said that operations in the ...
Read MoreJapan-funded Khmer Silk Centre Opens
The Khmer Silk Center, a place to enhance knowledge and production of silk in Cambodia located at the Royal University of Phnom Penh, has officially inaugurated. After more than one year of construction, on 05 June, the Khmer Silk Center was inaugurated by H.E Hang Chuon Naron, Minister of Education, Youth and Sport, and H.E Hidehisa Horinouchi, Ambassador of Japan to Cambodia. Built under g...
Read MoreConstruction Firms From Korea Eye Infrastructure Investment in Sihanoukville
Photo by Ministry of Environment International Contractors Association of Korea (ICAK) has unveiled to invest in the infrastructure and telecommunication in coastal Preah Sihanoukville province, where construction, real estate, and tourism are booming. In a meeting with H.E. Say Sam Al, Minister of Environment held on 03 June, Mr Lee Kun Ki, Chairman of ICAK, expressed his interests in stren...
Read More400MW Diesel Fired Plant to Build in Kandal Province
The 400 MW power plant running on diesel to generate electricity will be built in Kandal province’s Lvea Aem district, bringing hope to the nation with current energy crisis in Phnom Penh city. The government is ordering its purchases the diesel-running generators from Finland and Germany to install in Kandal province with total investment of US$355 million, H.E. Ty Norin, secretary of state at...
Read MoreJapan to Provide Close to Us$2 Million to Develop Sihanoukville Port
The Royal Government of Japan will provide US$1.8 million in aid to Cambodia to build a freight station inside the Sihanoukville Autonomous Seaport. The agreement for the aid provision was signed on 31 May by Japanese ambassador to Cambodia Hedehisa Horinouchi and Cambodian Ambassador to Japan Ung Rachana, witnessed by Samdech Techo Hun Sen, Prime Minister of Cambodia and his Japanese counterpa...
Read More