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ខ្មែរ Business and Market
Steel Structure Complete for Century Plaza Mall
- 4 November 2021
The steel structure has been completed for the Century Plaza mall in Por Sen Chey district after the construction began almost two years ago in November 2019. The steel structure complete ceremony was held on 3 November under the presence of the Phnom Penh Deputy Governor Nuon Pharat. Mr Pharat said that the completion of Century Plaza shopping mall showed the strength of the economic recove...
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Mortgage Applications Rose by 39% in Q3; Value Increased 53%
- 3 November 2021
The number of mortgage loan applications in the third quarter of 2021 rose by 39% while the total loan value also increased by 56%, compared to the second quarter of the same year, according to a recent report by the Credit Bureau Cambodia (CBC). The same reported added that as of September 2021, the number of mortgage loan applications was recorded at 153,120 applications, or equal to 11.60% o...
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Koh Tonsay Set to Become Luxurious Natural Tourist Destination
- 3 November 2021
The Kep Municipal Administration has vowed to develop Koh Tonsay into a luxurious natural tourist destination, through cooperation with private firm Try Pheap Group Co., Ltd The remark was made by Kep Governor HE Som Piseth on 1 November, citing that Try Pheap Group has been granted a permit for this large-scale development project. "Although we put efforts to conserve existing natural resou...
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HLH to Jointly Develop US$50-million Mixed-Use Project in Sihanoukville
- 2 November 2021
HLH Group’s subsidiary HLH Development (HLHD) and Smart Winner have agreed to co-develop a mixed-use project on approximately 11.5 hectares of land in Sihanoukville, according to the group’s bourse filing on Monday 1 November. Located close to Sihanoukville Autonomous Port, about 3 to 5 hectares of the site will be developed into a wholesale and distribution centre that includes a seafood marke...
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Office Market Putting More Pressure on Landlords
- 1 November 2021
By Eric Wong Chon Lap More than a year into the pandemic, Phnom Penh’s office market is changing right before our eyes. Despite the slower market activity with fewer foreign investments entering the country, new office building supply continues to increase every quarter, with new projects consistently being announced. The Phnom Penh office market shows a direct impact from COVID-19. The over...
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H&M to Use Latest Textile Recycling Technology at Cambodian Factories
- 27 October 2021
Swedish fashion retailer Hennes & Mauritz (H&M) is planning to use state-of-the-art textile technology to recycle and blend textiles at its factories in Cambodia. Named Green Machine, it is cutting-edge and the world’s first technology that can recycle blend textiles at scale. The technology is developed by the Hong Kong Research Institute of Textiles and Apparel Limited (HKRITA) and...
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Why Is Toul Kork District First Choice for Residential Living?
- 25 October 2021
Toul Kork is one of Phnom Penh's districts known as the most popular area for residence after Boeung Keng Kang and Chamkarmon district. Among the 10 communes of the district, two main communes, Boeung Kak I and Boeung Kak II, are most popular for residence with good infrastructures, especially the 3 main business roads: St. 289, 315, and 337. Commenting on Toul Kork district, Seak Neardey, H...
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Urbanland Announces Chankiri Palm Creek Expansion & New Community Mall on NR2
- 20 October 2021
Award-winning real estate developer Urbanland has announced the expansion of its borey project masterplan, Chankiri Palm Creek, along with the development of a community mall to serve local residents and visitors to the area. Chankiri Palm Creek, located on NR2 and just off Hun Sen Boulevard, has proven popular, with 85% sold and a limited supply available of sought-after unit types. Set to lau...
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Prince Bank Provides 100% Home Loan for Samraong Village Project
- 19 October 2021
Prince Huan Yu Real Estate Group and Prince Bank have signed a new partnership agreement to provide a 100% home loan to Samraong Village project homebuyers with flexible payment options and a low-interest rate of 6.8% for up to a 25-year period. According to Prince Huan Yu Real Estate Group, Samraong Village is their first and biggest borey (Gated Community) project in which the firm has put th...
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Golden Portugal Opportunity With Golden Gate Global
- 19 October 2021
Isaford Immigration is thrilled to announce in Cambodia a new partnership between Golden Gate Global and EQTY Capital offering the permanent residency program in Portugal through real estate investment and opening a path to a citizenship in Europe for families around the world. With the EQTY partnership, GGG is expanding its range of services with a safe, convenient, and financially feasible wa...
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