Business and Market
New China ASEAN Construction Club Born
To strengthen partnerships between the building industries in China and ASEAN, the China-ASEAN Construction Industry Cooperation Committee was established in May. The committee is the fourth building industry group spanning the two regions to promote business relations between Chinese construction-related firms and their ASEAN counterparts.
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Eco-Friendly Industrial Park Sets New Standards
Le Urban Eco Park is not only the first ecologically friendly satellite, but is also the first mixed-use development where an industrial zone, residential complexes, commercial office space, retail outlets and a pleasure zone are integrated into one. Located about 15 minutes from Phnom Penh International Airport along National Road 3, in Anlung Romeat Commune, […]
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Phnom Penh Price Rises Highest In Asia Pacific
Phnom Penh residential property prices rose an astonishing 26.2 percent in 2015, the highest of any city in the Asia Pacific region according to the Knight Frank Prime Asia Development Land Index. In H2 of 2015, the performance cooled a little with the cost of residential property rising by 10.6 percent. This placed Phnom Penh […]
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Nation’s First Oil Refinery Online for 2018
color:black\">After years of uncertainty and controversy in the local petrochemical sector, Cambodia’s first oil refinery plant is expected to go online in 2018 thanks to a USD3 billion joint venture between Cambodian and Chinese firms.
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Center City Ta Khmao Completes Foundation Works, Opens Sales
Just a few months after its March grand opening, Center City Takhmao has already completed the foundation works allowing it to confidently open sales.
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Azza Decor Brings Italian Luxury to Cambodia
With its official inception in Cambodia in November 2015, Azza Decor (Cambodia) Co.Ltd is the first sole supplier of various Italian luxury decoration brands to the Cambodian construction market.
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Huge Investment Drop Worries Malaysia
Malaysian authorities have expressed concern at the impact that a 70 percent drop in real estate investments between 2014 and 2015 may have on other areas of the economy. Approved investments in Malaysia’s real estate sector fell from $21.67 billion in 2014 to just $6.58 billion in 2015 according to the Malaysian Investment Development Authority […]
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OCIC WINS AT PROPERTY AWARDS SWEEPS PROPERTY AWARDS
Cambodia’s leading developer, OCIC wins award and is highly commended in two categories at the Cambodia Property Awards on 25 February. Overseas Cambodian Investment Corporation (OCIC) won the Best Mixed-Use Development prize for Olympia City, while its flagship project was also highly commended for the Best Development award. OCIC itself was highly commended in the […]
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CASA MERIDIAN LAUNCHES PHASE 2 SALES
After breaking ground in June 2014 and opening sales for its primary properties, the twin-tower Casa by Meridian condominium launched its phase two sales in late January for its residential units. Inspired by the rapid sale of 84 shophouse units, the five-star condominium is now offering clients the opportunity to purchase the 512 unit condos […]
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CENTER CITY A JEWEL TO MAKE TA KHMAO SHINE
2018 will see Ta Khmao city transformed into a real estate development hub thanks to the construction of the first large-scale residential and commercial development project called Center City Ta Khmao. Located just south of Phnom Penh along the Tonle Bassac riverfront, the Center City Ta Khmao complex is to be built on a 15,463 […]
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