D’Seaview & Royal Platinum on track, HLH to inject US$400m in two other projects

Two major real estate development of Hong Lai Huat (HLH) Group in Cambodia— Royal Platinum and D’Seaview—remain on track both in terms of construction progress and sales despite the pandemic with the firm planning to inject US$400 million in two other projects. According to its latest business update, Royal Platinum’s main construction has reached the 10th floor out of the total 28 while the sa...

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Ten Investment Projects Worth US$1.8 billion Approved for PP & Seven Other Provinces

The Council for the Development of Cambodia (CDC) has given permits to ten private firms to invest a total of US$1.89 billion setting up garment & production factories, power plants, hydropower dam, and a logistics centre in various provinces across the kingdom. According to the CDC announcement on Monday 17 January, the firms include: 1. INDEPENDENCE CLOTHING (CAMBODIA) CO., LTD establish...

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Pursat’s Krakor District to Host Kingdom’s Largest Solar Farm Cluster & Emerging SEZ

A private company firm will invest in building an additional 150MW solar power plant on top of the existing 90MW plant in Sna Ansa commune, Krakor district, Pursat province. The expansion project will make Krakor district host a cluster of solar plants with over 240MW power, the largest in the Kingdom. Director-General of Electricite du Cambodge (EDC) HE Keo Rattanak unveiled the plan during th...

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Expert: Industrial & Logistics Sectors Most Attractive Market for 2022 Despite Uncertainty

CBRE Cambodia Managing Director James Hodge said that the industrial and logistics sectors will be the most attractive market in 2022 although other real estate sub-sectors and the overall market remain under pressure and uncertainty. Mr Hodge added that due to external factors caused by the pandemic, even though Cambodia has already reopened the country, the return of foreign investors remains...

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Aeon goes beyond retail business, establishing Cambodia’s first multifunctional logistics centre

Beyond the retail business with three large shopping malls in Cambodia, a Japanese firm Aeon Mall (Cambodia) Co Ltd has now expanded its business to the logistic market with a plan to establish Cambodia’s first multifunctional logistics centre in Sihanoukville in 2023. According to its press release issued on 11 January, the Aeon Mall (Cambodia) Co Ltd has established a subsidiary called Aeon M...

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US$21-million Ford Cambodia Assembly Plant in Pursat to Start Production in April

The construction of the Ford assembly plant in Pursat is approaching completion and set to begin production in April this year, according to the Pursat provincial administration on Sunday 9 January. The US$21 million Ford assembly plant is an investment by RMA Automotive (Cambodia) Co., Ltd. with the plan announced in September 2021. (Read more) The plant is being built on over 4 hectares of...

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Japan retailer Aeon to build international logistics hub in Sihanoukville

One of the largest Japanese retailor Aeon plans to build an international logistic centre in a special economic zone near the southern port of Sihanoukville to offer import storage, customs clearance. and support for cross-border online retail. According to Nikkei Asia, the centre will be 30,000sqm and is expected to launch in 2023. The project will include the establishment of Cambodia's fi...

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Anco Group proposes multi-purpose investment project on over 6,000ha of land in Koh Kong

A large-scale local company Anco Import Export Co., Ltd has proposed to invest in building a multi-purpose project on 6,145 hectares in Botum Sakor National Park, Botum Sakor, and Kirisakor district of Koh Kong Province. Koh Kong Deputy Governor Ouk Pheaktra and Under-Secretary of State of the Ministry of Environment HE Sok Kheng Norin led a delegation to inspect the proposed location on Decemb...

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Tbong Khmum issues new guidelines strengthening control over construction & real estate businesses

The Tbong Khmum Provincial Administration has ordered all departments and municipal administrations under its supervision to strengthen control over the land plot selling businesses, construction, excavation, and land reclamation work, aiming to prevent state land and forest encroachment. According to Letter No. 042/21 KP, dated December 21, 2021, below are the orders: -The Provincial Depart...

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Evergrande vows to deliver 39,000 units of properties in December despite debt defaulting

China Evergrande Group has vowed to accelerate their construction works with the aim to deliver 39,000 units of properties within this year, despite being downgraded to restricted default earliest this month. According to CNN, Evergrande Chairman Hui Ka Yan said during a meeting on Sunday 26 December that no one at Evergrande would be allowed to "lie flat," urging employees to fight day and nig...

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