Business and Market
CBRE: Phnom Penh Retail Supply Hampered in Q1 2019
International real estate agent CBRE Cambodia launched its Phnom Penh property market review report on 09 April 2019 which showed that retail supply was hampered during the first three months of 2019.
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Cambodia’s Railway to Become Part of Asean Rail Network
Cambodian people and tourists will be able to travel by rail from Cambodia to Malaysia and Singapore after Cambodia completely connects its western rail track to Thailand in late April. The connection will allow Cambodia’s railway to become a part of the ASEAN region rail network.
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Government Approves Us$98 Million Development in Tbong Khmum Province
The Council for the Development of Cambodia (CDC) approved a development project worth nearly US$100 million in Tbong Khmum province on 12 April 2019, according to a post on its Facebook page.
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Feasibility Study on Monorail and Metro in Phnom Penh Under Way
The Ministry of Public Works and Transportation (MPWT) has said that the feasibility study on a monorail and metro in Phnom Penh is being conducted, citing that the study will lead to options for the government in developing the city’s transport sector to ease traffic congestion.
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Affordable Segment Leads Phnom Penh Condominium Market
With construction investment estimated to have reached US$1.8 billion during the first quarter of 2019, the condominium sector saw an increase in supply of more than 7% q-o-q driven by the affordable segment, according to the first quarterly
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Underpass Construction Project on National Road Gets Green Light
Phnom Penh Municipality has agreed on the construction of underpass proposed by Borey Peng Hout, a real estate developer, along the National Road No.1 of Boeng Chhuk village, Nirouth commune, Chbar Ampov district.
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Four Cement Factories Capable to Produce 7 Million Tons
Four cement factories in Cambodia are capable in producing about 7 million tons per year to respone to the demand of the increasing construction sector in the country, according to Ministry of Mines and Energy.
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Sen Sok Attracts Most Boreys While Chroy Changva Becomes Most Popular
Among the 12 districts in Phnom Penh, Sen Sok district holds most borey projects while Chroy Changva district is becoming more popular, according to the first quarterly report by international real estate agent CBRE Cambodia issued on 09 April 2019.
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Cambodia, Thailand to Officially Open Railway Connection
The rail lines between Cambodia and Thailand will be officially connected on April 22, increasing the facilitation of cross-border travel, logistics and trade by rail.
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Structure of Five-star Hyatt Regency Completed
The building structure of the five-star Hyatt Regency hotel in downtown Phnom Penh has been completed, according to project developer Chip Mong Group.
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