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ខ្មែរ Business and Market
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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Two potential districts future landed property in Phnom Penh
- 23 November 2019
Sen Sok is the district with highest volume of landed property projects with completed landed residential project numbers standing at 45 developments as of Q3 2019, according to a CBRE Cambodia report. Due to Sen Sok’s rapidly increasing land prices, as this district is now very close to the centre of Phnom Penh, the landed property development will seek other two potential districts. The repor...
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CSP Window’s international quality window frame supply and installation services growing in popularity
- 23 November 2019
With over 8 years’ experience in the market, CSP Window supplies and installs two types of window frames that are rapidly gaining popularity in the local and international markets. CSP Window currently supplies aluminium window frames that use European standards and also supplies u-PVC windows structures, which are imported from Germany. All CSP Window products are of high quality and the co...
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Two sectors key to Cambodia achieving middle-income status by 2030
- 21 November 2019
Cambodia has set itself the target of progressing from a low-income to a middle-income country by 2030 with an aim of achieving similar status to Thailand or Malaysia today in just over 10 years. At the 2nd Asia Pacific Summit on 19 November Samdech Techo Hun Sen said that, “now, Cambodia is making further efforts to become an upper middle-income nation by 2030 and to become a high-income natio...
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A History of Quality Sports Construction in South East Asia
- 14 November 2019
When the founders of Sports Engineering And Recreation Asia Ltd (Seara) first established their presence in Bangkok in 1991, a strategic decision was made to only build to international standards. This was not only a business marketing strategy but an important branding strategy that would take years to pay off. “We saw in markets like Singapore and Kuala Lumpur that certain segments of sports con...
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