Business and Market
Upward trend of Smart Building Management System Usage in Cambodia Market
Smart construction management system such as the 3D Central Building Management System has gained popularity among construction project owners around the world in recent year, and this technology has been slowly emerging into the Cambodian market. Taiwan’s Commerce Development Research Institute (CDRI), an institute funded by Taiwan’s Ministry of Economic Affairs, is planning to bring in these ...
Read MoreCambodia Urges Private Sector to Invest in EV Charging Station Infrastructure
The Cambodian government has encouraged the private sector to invest in building charging station infrastructure for electric vehicles (EV) in Cambodia. Speaking at a panel discussion on "Electrification of Vehicles for a Green Future for Cambodia" on 4 November, HE Sun Chanthol, Minister of Public Works and Transport, said that the number of EVs will increase gradually in Cambodia in the comin...
Read MoreSteel Structure Complete for Century Plaza Mall
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...
Read MoreMortgage Applications Rose by 39% in Q3; Value Increased 53%
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...
Read MoreKoh Tonsay Set to Become Luxurious Natural Tourist Destination
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...
Read MoreHLH to Jointly Develop US$50-million Mixed-Use Project in Sihanoukville
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...
Read MoreOffice Market Putting More Pressure on Landlords
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...
Read MoreH&M to Use Latest Textile Recycling Technology at Cambodian Factories
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...
Read MoreWhy Is Toul Kork District First Choice for Residential Living?
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...
Read MoreUrbanland Announces Chankiri Palm Creek Expansion & New Community Mall on NR2
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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