English 
ខ្មែរ Business and Market
All State & Unregulated Markets Closed for 14 Days
- 24 April 2021
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 plot communities, markets around hospitals, and street markets, ...
Read More
US$61m five-star hotel & casino in Sihanoukville to open in Q1 2022
- 23 April 2021
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, three restaurants, a guest lounge and a casino. The project was...
Read More
Supply of Landed Property and Condo by Districts in Phnom Penh
- 22 April 2021
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 of landed properties, known as boreys in Cambodia, rose by 21%, while the number of un...
Read More
New Zealand Firm Unveils Tyres-to-Cement Production Technology
- 19 April 2021
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 year at 1,400 degrees Celsius for cement production. The fir...
Read More
Construction & Property Weekly Video News (10 April 2021)
- 10 April 2021
<div class="youtube"> https://www.youtube.com/watch?v=oyUikucOvZc&t=3s </div> 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 Fou...
Read More
7-Eleven Puts “Coming Soon” Signs on Two Phnom Penh Locations
- 8 April 2021
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 Chroy Changva area. Behind the "See you soon" sign, there are construction sites ...
Read More
Borey Market Sees 15% Price Reduction in Past Six Months After Staying Robust for Over a Year
- 7 April 2021
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 CBRE, indicating that the borey sector is no longer immune to COV...
Read More
Telecoms Ministry Issues Four New Guidelines for Borey & High-Rise Project Owners
- 6 April 2021
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 any telecommunication service c...
Read More
Gov’t Approves Two Investment Projects Worth Over US$12 Million in Kandal and Sihanoukville
- 5 April 2021
The Council for the Development of Cambodia (CDC) has officially approved private firms to invest in building two factories, worth a total budget of approximately US$12.6 million in Kandal and Sihanoukville. The first investment permit has been granted to MCBAG Co., Ltd to invest US$3.5 million in building a bag production factory in Bek Chan Commune, Angk Snuol District, Kandal. Another per...
Read More
Lennar Named #1 Homebuilder Worldwide on FORTUNE Magazine’s 2021 List of ‘World’s Most Admired Companies’
- 5 April 2021
Lennar Corporation, the leading homebuilder in the United States has been named #1 Most Admired Homebuilder on FORTUNE Magazine’s 2021 List of World’s Most Admired Companies. “This recognition is a testament to the extraordinary efforts and dedication of all Lennar Associates in delivering exceptional quality homes while providing an excellent customer experience,” said Stuart Miller, Executive...
Read More