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ខ្មែរ Projects Development
Avani Hotels Officially Opens First Property in Siem Reap
- 8 August 2019
After six months of renovation by Thai hotel chain Avani, the French colonial architecture-styled Foreign Correspondents’ Club has been officially re-opened under the new name of ‘FCC Angkor managed by Avani Hotels & Resorts. Located a 20-minute drive from Siem Reap’s airport, this new hotel comprises 80 rooms and suites decorated in vintage style. The property was also designed by keeping ...
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Century Plaza market to be transformed into shopping centre
- 7 August 2019
One of the oldest markets in Phnom Penh along the Russian Federation Blvd Century Plaza is to be transformed into a shopping centre following a recent meeting between the developer, vendors, and city hall. On 04 August, a meeting was held between Mr Nuon Pharat, vice governor of Phnom Penh Municipal Hall, the developer, and around 300 vendors from Century Plaza to discuss the transformation of ...
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Government Gives Green Light to Another New SEZ in Sihanoukville
- 6 August 2019
The Cambodian government has recently approved the construction of another special economic zone project on more than 55 hectares of land in Sihanoukville, to help boost the kingdom’s economic growth. This approval comes as a result of the second inter-ministerial meeting regarding the Environmental and Social Impact Assessment (ESIA) discussion on this project on 01 August 2019. Owned by Ca...
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August 8th breakfast talk to discuss real estate and hotel investment in Cambodia
- 3 August 2019
With Cambodia rapidly growing real estate market, international real estate agency CBRE Cambodia and legal firm DFDL to hold a breakfast talk on 8 August to discuss the potential of the Cambodia real estate and hotel investment at the Rosewood Phnom Penh hotel. Under the theme “Real Estate Investment in Cambodia”, the event will bring together expert speakers from DFDL and CBRE Cambodia to guid...
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Three provinces chosen to be secondary urban tourism destinations
- 3 August 2019
The Ministry of Tourism in partnership with the French Development Agency (AFD) has selected three provinces, namely Kampot, Battambang, and Kratie, to be secondary urban tourism destinations, with the aim to reduce congestion in main tourism destinations and to develop sustainable tourism in Cambodia. The commitment to develop the three provinces was agreed at a meeting between the two parties...
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New road maintenance technology called In-Place Recycling introduced to Cambodia
- 2 August 2019
A new road maintenance technology called In-Place Recycling has been introduced to Cambodia through a one-day seminar held at the Ministry of Public Works and Transport (MPWT) on 01 August. As Cambodia is campaigning to improve its road quality through various projects, this new technology would see better road performance and could save money for Cambodia. Speaking on the sidelines of the s...
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Rents to climb in Phnom Penh office market as new supply comes online
- 1 August 2019
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, low levels of vacancies for Grade B and Grade C office spaces have led to an impr...
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Morgan Group ground breaks its mega multipurpose project in Sihanoukville
- 1 August 2019
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 total construction area of 4...
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Asset Management – A course to help us to understand the importance of assets
- 31 July 2019
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, property, land, buildings etc. (RICS 2012) Under-ma...
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US$21.2 million in projects approved across three provinces
- 31 July 2019
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 Chomkamorn, Phnom Penh. With an investment of US$7 million,...
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