Investment and Funding
Wyndham Hotels & Resorts Open First Five-Star Hotel in Sihanoukville
Five-star international brand hotel Howard Johnson Plaza by Wyndham Blue Bay Sihanoukville has been officially opened along Independence Beach, according to PR Newswire. This is the very first time that Wyndham Hotels & Resorts, the leading provider of hotel management services with over 8,900 hotels across nearly 95 countries, opens a hotel in Cambodia. Howard […]
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Cambodia’s Construction Sector Investment Value US$60.8 billion since 2000
In the past two decades, the construction sector has the major backbone of Cambodia’s economic growth, with the investment value reaching over US$60.8 billion, according to Minister of Land Management, Urban Planning and Construction HE Chea Sophara. During the 2nd Public-Private Forum on Cambodia-Japan Urban Development held on 16 February, HE Chea Sophara said that […]
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CBRE Cambodia Hosts Annual Flagship Event Fearless Forecast 2021
CBRE Cambodia held their annual flagship event Fearless Forecast 2021 on the morning of 17 February at the new Hyatt Regency Hotel in Phnom Penh with an approximate 200 people attending. Managing Director of CBRE Cambodia James Hodge said, “Many sectors are facing a period of limited demand and increasing supply which will continue to […]
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Feasibility Study of Phnom Penh Rapid Transit to Complete Next Month
The feasibility studies for three choices for the Phnom Penh mass transit project are ongoing. The AGT and monorail choices have been completed, while the subway option will be finalised next month. In the meantime, the government is also seeking funds to implement this massive undertaking. Minister of Public Works and Transport HE Sun Chanthol […]
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CDC Approves Two Investment Projects Worth Nearly US$70 Million
The Council for the Development of Cambodia (CDC) has officially approved private firms to invest in building two factories worth nearly US$70 million in Kandal and Svay Rieng provinces. The first investment permit has been granted to Onion Mobility Co., Ltd, with the firm investing US$20 million to build a factory to assemble motorcycles and […]
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Masterplan for US$16 billion Ream City Development Approved
A masterplan to develop an 834-hectare sustainable Ream City by Singaporean firm Surbana Jurong has been approved by Canopy Sands Development, a member of Prince Holding Group, according to The Straits Times. Worth over US$16 billion, the Ream City project will transform the region into a new ecosystem of tourism, commercial and residential city that […]
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Land Price Update in Phnom Penh, Siem Reap, and Sihanoukville
According to Key Real Estate data, during the second half of 2020, land prices in Siem Reap and Sihanoukville dropped on average by 11.2% and 7.2% respectively compared to the same period in 2019. Surprisingly, land price across 14 districts in Phnom Penh on average remained robust, seeing a slight increase of 4.4% despite the […]
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Construction & Property Weekly Video News (6 February 2021)
Construction & Property Weekly Video News (6 February 2021)
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Chip Mong Retail Announces Official Leasing Launch for 271 Mega Mall
Chip Mong Retail has officially opened for business partners and well-known local and international brands to apply for retail space leasing in the Chip Mong 271 Mega Mall before the official opening in 2022. Meanwhile, the Chip Mong Sen Sok Mall will also be officially inaugurated in June this year. President of Chip Mong Retail […]
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CDC Approves Eight Investment Projects Worth Almost US$100m
The Council for the Development of Cambodia (CDC) has officially approved private firms to invest in building five factories, two hospitals and a solar power plant, worth a total of almost US$100 million in Takeo, Kampong Speu, Kampong Chhnang, Svay Rieng, Kandal and Phnom Penh. The first investment permit has been granted to Mayco Furniture […]
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