Projects Development
Rents to climb in Phnom Penh office market as new supply comes online
The property market in Phnom Penh will keep growing, just as office rents have risen consistently over the past five years despite the continuing increase in the number of office spaces available in Phnom Penh. The market today is still on the rise. Until now, there are no risk factors for the next dip. Currently, […]
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Morgan Group ground breaks its mega multipurpose project in Sihanoukville
China-based developer Morgan Group on 31 July had ground break its mega multipurpose project in Sihanoukville amid booming construction investment in the city. With an unclose investment capital, Ever Asend Development Co.Ltd , a subsidiary of China-based developer Morgan Group, has begun construction of its multipurpose project called the Morgan The Pure Bay with a […]
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Asset Management – A course to help us to understand the importance of assets
The Royal Chartered Institute (RCI) will be conducting the 1st Module under the Certificate of Asset Management, which is Asset Management on 07 September 2019. The lecturer will be Dan Davies from the United Kingdom. What is an asset? Assets are normally described as property in normal terms. In real estate, assets can cover infrastructure, […]
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US$21.2 million in projects approved across three provinces
The Council for the Development of Cambodia (CDC) approved four investment projects across three provinces on 31 July with a total investment value of more than US$21.2 million, adding more than 1,500 jobs to the market. The Prestige Hospital Co., Ltd, was permitted to build its 100-bed world class hospital in Sangkat Tonle Bassac Khan […]
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PM Calls On Land Ministry To Review Construction Permit Process
In response to the complaint of the slow process in obtaining construction permits, the Cambodian Prime Minister on 29 July called on the land minister to review the process. “Some construction sites work illegally because officials refused to approve them [construction permit], so [land minister] needs to look at this,” Prime Minister Samdech Techo Hun […]
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CDC approved US$36 million construction material investment in Sihanoukville
The Council for the Development of Cambodia (CDC) on July 29 approved six construction material investment projects in Sihanoukville with totaling investment value of more than US$36 million. Located mainly in the Sihanoukville Special Economic Zone (SSEZ), the total six projects expected to generate 1,838 jobs using an investment capital of US$36.2 million. TB Flooring […]
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Demand for industrial developments increase as Chinese manufacturers shift production overseas
Industrial zones have reported that demand has increased from Chinese manufacturers looking to relocate to Cambodia, due to the US-China trade war that has resulted in products made in China having higher tariffs. As a result, industrial developers are getting enquiries from Chinese companies that want to switch their manufacturing base from China to Southeast […]
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Samdech Techo Hun Sen Announces Intent to Utilise US$170 Million Stadium for Extra Profit
Samdech Techo Hun Sen, Prime Minister of Cambodia, said that the new US$170 million national stadium funded by the Republic of China will be utilised to make extra profit. The Morodok Techo National Stadium is a mega stadium stretching over 82,400 square metres of construction area in Prek Tasek, Khan Russey Keo, Phnom Penh, which […]
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Gov’t to focus on construction and real estate labour with extended UN programme
The Ministry of Labour and Vocational Training (MLVT) is looking to focus on creating access to decent and productive employment opportunities for Cambodian youth within the construction and real estate sector through a new joint labour programme with the United Nations. The Labour ministry and the United Nations agreed to extend the ‘UNited for Youth […]
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Public ministry studies location for Kratie-Kampong Thom bridge
The Ministry of Public Works and Transport (MPWT) conducted a study tour on 23 July to determine the location for the bridge construction project linking Kratie and Kampong Thom provinces, which the ministry believes will significantly contribute to the transportation sector in Cambodia. Speaking in an interview on the sidelines during the National Road No.7 […]
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