Business and Market
Firms from Myanmar Mull Building Factories in Kampong Speu, says Governor
Despite the current COVID-19 community outbreak and lockdown, Cambodia is still receiving investment opportunities, as plenty of firms based in Myanmar have recently expressed their interest in building factories in Kampong Speu province, according to Governor HE Vy Samnang. HE Samnang told the Construction & Property Magazine via Telegram on 28 April that at least […]
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Authorities Close More Factories, Markets, Business Centres in Sihanoukville
Sihanoukville Provincial Administration has decided to temporarily suspend the operation of three major businesses in Sihanoukville for 14 days after finding more positive cases of COVID-19. According to the official announcement issued on 26 April, the three businesses include; Dara Samnang Business Center located in Village 3, Sangkat 1; New Star shoe factory in Village […]
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All State & Unregulated Markets Closed for 14 Days
Due to the continuous spike in COVID-19 cases, the Phnom Penh Municipality issued an order on April 23 to close all state and unregulated markets in Phnom Penh for 14 days, from 24 April to 7 May. According to the announcement, state markets and unregulated markets refer to early-morning markets, community markets, markets in land […]
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US$61m five-star hotel & casino in Sihanoukville to open in Q1 2022
Malaysian-based WA Hospitality has announced that it will open the US$61-million Won Majestic Casino Hotel & Resort in Sihanoukville in Q1 2022, reported TTG Asia. Located in front of the Sokha Hotel in Sangkat 4, this 5-star hotel will have a total of 373 rooms featuring luxury suites and studio rooms, a swimming pool, gym, […]
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Supply of Landed Property and Condo by Districts in Phnom Penh
By the end of 2020, the number of landed properties in Phnom Penh had increased to over 186,000 units while the number of condominiums had skyrocketed to over 109,000 units, according to research data from Z1 Data Co., LTD (Cambodia). The same data also shows that comparing 2018 to the end of 2020, the number […]
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New Zealand Firm Unveils Tyres-to-Cement Production Technology
A New Zealand construction company Fletcher Building has recently completed a study to divert used tyres from landfill to cement manufacture, which could help reduce carbon emissions by over 13,000 tons per year. According to the Global Construction Review’s report on 1 April, the company will burn a total of 3 million used tyres a […]
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Construction & Property Weekly Video News (10 April 2021)
This week content (10 April 2021): #1 Oversupply, Liquidity Reduction, and Construction Delays Pose Greatest Threats to Real Estate Market in 2021 [Read more] #2 Phnom Penh Monorail Feasibility Study Complete, Subway Option to Follow Next Month [Read more] #3 Telecoms Ministry Issues Four New Guidelines for Borey & High-Rise Project Owners [Read more] #4 Cambodia Imports Over US$1 Billion of Construction Materials in 2020, Down by 7.3% Y-o-Y [Read more] #5 Colliers: Asia Pacific Hospitality Sector Expected to Hit 2019 baseline by 2023, Cambodia to Lead in Casino Segment [Read more] Subscribe to the Construction & Property TV Channel for more up-to-date construction and property news.
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7-Eleven Puts “Coming Soon” Signs on Two Phnom Penh Locations
The well-known and popular convenience store 7-Eleven has recently put up signs at two locations in Phnom Penh with a notice written in Khmer saying “See you soon”. According to the actual locations, the first branch is located along NR5 in the Prek Phnov area, while the other branch is located along NR6 in the […]
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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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Telecoms Ministry Issues Four New Guidelines for Borey & High-Rise Project Owners
The Ministry of Posts and Telecommunications has issued four new guidelines for borey and high-rise project owners to follow, to strengthen the quality of telecommunication services in Cambodia. According to the recent announcement by the ministry, the four new orders include: 1) Borey or high-rise building owners must not enter into an exclusive contract with […]
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