Investment and Funding
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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Dara Sakor Airport Runway Completed, First Test Flight Scheduled for Q4 2021
Construction on the runway at the controversial China-backed Dara Sakor Aiport in Koh Kong has been completed and the first test flight will run in Q4 this year. Deputy Koh Kong Governor Mr Sok Sothy said on 04 January that though the construction of the runway is 100% complete, there are still some remaining works […]
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Transport Minister: Work on Kratie-Kampong Thom Bridge to Start This Year
The Mekong River Bridge connecting Kratie and Kampong Thom provinces is scheduled to begin construction this year after the study is completed, according to the Minister of Public Works and Transport during the inauguration of the Heavy Vehicle Driving Training Centre on 04 February. HE Chanthol confirmed that the ground will be broken on the […]
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Asian Investors Looking West for Positive Investment Trends
Most Common Reasons International Investors Buy a Home in the U.S. In recent years, while booming economies have created significant wealth across much of Asia, investors from this vibrant region are increasingly looking to the United States as a safe haven for wealth preservation. Steven Kay, Founder and Co-CEO at Golden Gate Global, notes that […]
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CDC Approves Two Investment Projects Worth Over US$500 Million
The Council for the Development of Cambodia has officially approved private firms to invest in building two factories worth over US$500 million in Kampot and Kampong Kampong Chhnang provinces. The first investment permit has been granted to Shunying Pulp and Paper Co Ltd, with the firm investing US$504 million to build a paper processing factory […]
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Ground Broken on Bakeng Water Treatment Plant, Chamkarmorn Plant Inaugurated
Cambodian Prime Minister Samdech Hun Sen broke ground on the morning of 01 February on a huge water treatment plant project in Bakeng and inaugurated another one in Chamkarmon. Both plants in total will be able to produce over 450,000 cubic metres of clean water per day by 2024. The Bakeng water treatment plant will […]
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