Public Infrastructure Projects Still Ongoing Despite Lockdown, says MPTW Spokesman
Ministry of Public Works and Transport spokesman Vasim Sorya said that progress on major state infrastructure projects is still continuing as planned despite the current lockdown measures. According to HE Vasim Sorya, the curfew and lockdown measures in some areas such as in Phnom Penh and Takhmao City can cause some difficulties for the travel […]
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Phnom Penh’s Largest Wholesale Fresh Market Moved to Kandal for COVID-19 Safety Measures
After hundreds of people were found to be COVID-19 positive in Phnom Penh, the Phnom Penh authorities have decided to close down Phnom Penh’s largest wholesale fresh market Psar Deumkor for 14 days and temporarily moved all the stalls to a new location in Kandal province. According to the Phnom Penh municipality announcement on 18 […]
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Oversupply, Liquidity Reduction, and Construction Delays Pose Greatest Threats to Real Estate Market in 2021
Among other projected risks, oversupply, reduction of liquidity, and construction delays have been the top three concerns that pose greatest threats to the real estate market in 2021, according to CBRE Cambodia’s recent survey. The survey also listed out other risks such as the threat of international sanctions, lack of infrastructure capacity, domestic regulatory change, […]
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Borey Market Sees 15% Price Reduction in Past Six Months After Staying Robust for Over a Year
The average quoting sales prices of borey units, or landed property, has seen a 13% to 19% price reduction across the different housing formats during the past six months between Q4 2020 to the end of Q1 2020, according to CBRE Cambodia’s recent Market Overview report. This change is considered the most significant observation by […]
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Construction of COVID-19 Cremation Site in Kampong Speu Set for Completion After Khmer New Year
The Phnom Penh Municipality and Kampong Speu Provincial Administration are speeding up the construction of the 10-hectare COVID-19 fatalities crematorium in Aoral district, expecting to finish the project after the Khmer New Year in April. Phnom Penh Governor HE Khuong Sreng told the Khmer Times that as the crematorium in Kampong Speu is not ready, […]
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CCA Chairman Donates US$2 million to Help Government Establish a New COVID-19 Treatment Facility
Chairman of the Cambodia Constructors Association (CCA) and the Board of Canadia Group and OCIC Neak Oknha Pung Kheav Se has donated US$2 million to the Cambodian government to buy Nokor Tep Hospital and turn it into a new COVID-19 treatment facility. The donation was made following Prime Minister Hun Sen’s announcement of the acquisition […]
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Construction & Property Weekly Video News (27 March 2021)
This week content (27 March 2021): #1 Naga Corp’s US$350-million Resort in Siem Reap province dismissed [Read more] #2 Gov’t Asks Real Estate Developers to Ease Clients’ Financial Burden Amid Pandemic [Read more] #3 GDT Launches Property Tax App [Read more] #4 314km Cambodia-Vietnam Border Road in Mondulkiri 80% complete [Read more] #5 Angkor Resources Identifies Multiple Quartz Veins & Gold Grains in Cambodia [Read more] #6 361 Construction Inspectors Given Policing Powers [Read more] Subscribe to the Construction & Property TV Channel for more up-to-date construction and property news.
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Construction of New Medical Laboratory Building in Sihanoukville Set for Completion This Month
A new medical laboratory building located in the Sihanoukville Provincial Referral Hospital will be completed late in March, according to the Sihanoukville Provincial Administration today. Meanwhile, the COVID-19 test kit equipment, which is a grant from China, will be installed later in early April 2021 while the official inauguration ceremony will be held in late […]
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Two Military Training Centres in Kampong Speu Turned Into COVID-19 Treatment Facilities
Two military training institutes in Kampong Speu province have been selected to become additional COVID-19 treatment facilities for patients from Phnom Penh and Kampong Speu province. General Sem Sovanny, Director-General of the National Centre for Peacekeeping Forces said during the site inspection on 24 March that both new treatment facilities will be under the control […]
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Another Hospital in Dangkor District to Become New COVID-19 Treatment Facility
The Nokor Tep Women’s Hospital located in Sangkat Prey Sar of Dangkor district has been chosen to become another COVID-19 treatment facility, according to Prime Minister Hun Sen during a site inspection on 19 March. Nokor Tep Women’s Hospital has a total area of 25,000 square metres and a capacity of 500 beds. Besides a […]
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