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ខ្មែរ Business and Market
Cambodia border markets to be built in Kampot and Svay Rieng provinces
- 24 December 2019
Two more Cambodian border markets along the border between Cambodia and Vietnam have been planned for Kampot and Svay Rieng provinces. The Head of the Royal Cambodian Government said that the establishment of Cambodia border markets will facilitate trade activities between the two countries, particularly along the border. The announcement to build two new Cambodia border markets was made aft...
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Investors Shift Interest to Properties Outside Phnom Penh
- 20 December 2019
By Eric Wong Chon Lap In Phnom Penh, developers have been focusing on launching new housing and condominiums over the past years. So far, there are over 15,000 units in the city from condominium developments launched between 2016 and 2018. One major challenge faced by the housing and condominium markets is that the cost of investment has increased along with the hike in land prices in Phnom ...
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Chinese Firm Seeks Investment Opportunity on Construction Materials Research Center
- 18 December 2019
Sinosteel New Material Co Ltd, a Chinese firm expert with magnetic material engineering research centre from Henan province, China has raised its investment plan building construction materials research centre in Cambodia, as the country’s construction sector is booming. Mao Haibo, director of Sinosteel New Material, raised up the investment plan in a meeting held on December 16 with H.E. Cham ...
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Chinese enterprises in the construction saw a surge at the CCA 2019 expo
- 13 December 2019
Cambodia’s largest annual construction exhibition for 2019 saw a sharp increase in Chinese enterprises in the construction industry showcasing their products, thanks to the strong cooperation between Cambodia and China. Held from December 5-7 at the Diamond Island Convention and Exhibition Center, the exhibition, which organized by the Cambodian Constructors Association (CCA), had showcased mor...
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Property prices stagnate in the Philippines
- 11 December 2019
The Philippines central bank Residential Real Estate Price Index (RREPI) for Q2 2019 showed that house prices grew by only 0.4% year-on-year which represents and downgrade on the forecast of 3.7%. Despite all other housing types seeing prices decreases, including 7.9% for duplexes, condominium unit prices remained relatively robust rising 4.5 per cent between the first and second quarters of 20...
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The changing demand for residential rental units
- 2 December 2019
By Eric Wong Chon Lap As the number of expatriates grows in Cambodia, even though as those staying in Phnom Penh slows down, the market is seeing a change in demand. This is creating an impact on the rental apartment and condominium sectors in Phnom Penh, despite continuing healthy performance. Typically, when expats move to work with Cambodia, either individually or with their family member...
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CCA to help promote new construction law
- 2 December 2019
The Cambodia Constructors Association (CCA) has voiced its support for the newly adopted construction law and will promote the law to its members and beyond. The National Assembly adopted the law on construction in October which was compiled by the Ministry of Land Management Urban Planning and Construction (MLMUPC) with inputs provided from experts at Japan’s Ministry of Land, Infrastructure, ...
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Japan to Support Smart City in Hanoi
- 30 November 2019
Vietnam’s prime minister, Nguyen Xuan Phuc presided over the signing of an agreement in October between Japanese company Sumitomo and Vietnamese developer BRG Group to develop a smart city in Hanoi. The $4.2 billion “smart city” will be built on a 272ha site in Dong Anh district in northern Hanoi. The first phase will see the construction of 7,000 apartments and houses and eventually hospita...
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Construction on Transformation of Century Plaza Market Launched
- 27 November 2019
Construction officially started on 27 November for the transformation of Century Plaza market into shopping centre with the project scheduled to be completed in two years. Phnom Penh Governor H.E Khuon Sreng urged the Century Plaza investor to accelerate construction by the end of 2021 as planned so that the vendors can re-enter the market soon. The development of Century Plaza into a shoppi...
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MBAM OneBuild – the leading construction and infrastructure technology trade show in Malaysia
- 25 November 2019
MBAM OneBuild is the only exhibition in Malaysia that exclusively focus on the construction and infrastructure industry. Malaysia International Construction & Infrastructure Technology Exhibition (MBAM OneBuild) took place from 29 – 31 October 2019 at Kuala Lumpur, marked its 8th successful editions this year. MBAM OneBuild 2019 managed to attract international participation from countries ...
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