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ខ្មែរ Business and Market
US$25 million Coastal Business Centre Proposed for Kampot
- 14 August 2020
Gold Coast International Development Co., LTD has proposed investing US$24.8 million to build a coastal business centre on 42 hectares of land in Kampong Trach district in Kampot province, according to the Kampot Provincial Administration on 13 August. Located in Thkov village, Russey commune, Kampong Trach district, the project will comprise of commercial centres, 4-star hotels, shopping malls...
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Expert: Potential in Kampot Property Market Amid Rise in Domestic Tourism
- 11 August 2020
Despite the COVID-19 crisis, Kampot has become a province with significant property investment potential, as domestic tourism is rising, according to a local real estate expert. President of KW Cambodia Dr. Kim Heang told Construction & Property Magazine on 11 August that compared to other coastal provinces, Kampot has the most tourist flow due to its shorter distance from Phnom Penh. "T...
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Aeon to Build its First US$180 million Mall in Myanmar in 2021
- 5 August 2020
Aeon plans to build the first Aeon Mall in Yangon, Myanmar, in early 2021 with an investment of US$180 million, according to the Nikkei Asian Review on 06 August. As a joint venture between Aeon Mall and Shwe Taung, the project will be built on 72,000 square metres of land and is scheduled to open in 2023. President of Aeon Mall Yasutsugu Iwamura said in Nikkei Asian Review that although the...
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Chip Mong Land Launches New Location of Grand Phnom Penh with 7% discount
- 30 July 2020
Chip Mong Land has launched the new location of Grand Phnom Penh City with a discount of up to 7% discount for buyers making transactions on 1-2 August. According to Chip Mong Land, the launch of this new location in Grand Phnom Penh City is in response to the demand and support from homeowners, particularly in relation to the design. This new location will be even more convenient, as Phnom ...
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Food Delivery Putting Traditional Stores on the Line
- 28 July 2020
By Eric Wong Chon Lap Online food delivery services were almost non-existent in Cambodia a few years back. However, consumers nowadays are able to have their favourite food delivered to their doorsteps via online food delivery applications. Currently, consumers can order anything ranging from burgers, bubble tea or fried chicken from large chains, major brand-name restaurants or small shops ...
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US Firm Selects Sihanoukville for Real Estate Agent Training Campaign
- 27 July 2020
Century 21 Zillion Holding chose Sihanoukville as the first province after Phnom Penh to launch its mega campaign of training 3,800 qualified real estate agents nationwide. The campaign is considered a strategic move against the COVID-19 crisis, as it can help boost the economy by creating more jobs. The training event was held on 24 July 2020 at the Sokha Beach Resort Sihanoukville, with the p...
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New Shopping Mall Construction Overshoots Local Demand
- 25 July 2020
The number of shopping malls has been increasing rapidly while the local demand and average purchasing power have yet to catch up, indicating that the retail market in Cambodia is oversupplied, according to a Nikkei Asian Review report on 24 July. Real Estate Consultancy Knight Frank predicted that by the end of 2022, the total retail stock could shoot up to approximately 830,000 sqm, 84% of wh...
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ASEAN real estate businesses seek solutions for growth post-COVID-19
- 23 July 2020
Over 80% of businesses across the Asia Pacific are seeking solutions to restructuring their real estate portfolios as the COVID-19 lockdown begins to ease amid a ‘new normal’ across the region, according to a survey by JLL. Many are searching for alternative solutions to keeping their business operations including implementing modifications to their offices. The Guide for Workplace Design Co...
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K MALL to Open on Veng Sreng Road in 2021
- 23 July 2020
The new K MALL being built on 6 hectares of land along Veng Sreng Road is scheduled to open by 2021, according to a press release from the developer Urbanland on 20 July 2020. Located along Veng Sreng Road or about 2.5 km from Stung Meanchey district, the project is the first phase of the KMS Park's master plan comprised of 40 shophouses, a three-story community market, a nine-story office bui...
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CCA 2020 Construction Exhibition still to be confirmed
- 17 July 2020
The annual biggest construction exhibition in Cambodia organized by the Cambodian Constructors Association (CCA) is yet to confirm whether it will be proceeded as scheduled or be delayed due to the social distancing measures caused by COVID-19. CCA Secretariat General Manager Mr Chhiv Sivpheng told Construction and Property Magazine that the association is waiting to see the development of the ...
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