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ខ្មែរ Projects Development
CRBC completes financial close for US$1.8 billion expressway
- 17 July 2019
China Road and Bridge Corporation (CRBC) has closed financing on a US$1.8 billion expressway project in Cambodia. The financial close of the project was made for the 190-km expressway connecting Phnom Penh capital to the country’s deep seaport Preah Sihanoukville province in March this year. Global law firm Hunton Andrews Kurth provided CRBC with financial counsel on the public-private partn...
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Shanxi Wins Us$42 Million Bid for Siem Reap Angkor International Airport Expansion
- 16 July 2019
China-based construction firm Shanxi Mechanization Construction Group has won a 290 million yuan (about $42.16 million) bid to construction two sections of Siem Reap Angkor International Airport project. As reported by the China Daily, Shanxi will construct a flight area and the auxiliary facilities of the flight area. This would also include the construction of the runway, earthworks, slopes, ...
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Bangkok Airways to Invest in Koh Kong Former Airport
- 16 July 2019
Photo by Cambodia-hotels Thai-based airline Bangkok Airways is to invest in re-building the former Koh Kong airport in Khemarak Phoumin City soon after the government has given greenlight in the June meeting. Speaking with Construction & Property Magazine via phone call on 16 July, Mr Sok Sothy, spokesman and deputy governor of Koh Kong Province said that Bangkok Airways is currently ask...
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140-megawatt Solar Power Projects Approved
- 15 July 2019
The government has decided to allow more investment in renewable solar power in response to the increasing demand for energy consumption. At a cabinet meeting on Friday, four solar projects were approved, with a total of 140 megawatts. According to the Council of the Ministers, the four solar power approvals were for a 60-megawatt project in Battambang province, a 30-megawatt project in Purs...
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Most Cambodians Are Confused About Using the Word Sangsei, Bangsei, and Eangban
- 12 July 2019
With thousands of years of history and the diversification of wording in the Cambodia language, Cambodians nowadays use different words to define certain things that have the same meaning. Even so, currently there is only one Khmer dictionary from Chuan Nat that is used to define words that are correct in the written form. In fact, Cambodians often use words differently according to their regio...
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Kingdom’s Premier Architecture and Decor Expo Returns for Biggest Event to Date With a Focus on Smart Living
- 10 July 2019
The Cambodia Architect & Decor Expo wrapped up its fourth annual instalment on Saturday 8 June after an action-packed three days that brought together more than 180 local and international exhibitors, brands and partners from across 19 countries. The multi-faceted expo, organised by ICVeX Co Ltd in association with the Cambodian Society of Architects (CSA), at Phnom Penh’s prestigious Diamo...
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Indonesian Government Raises Price Threshold for Tax on Luxury Properties
- 10 July 2019
Photo by Facts of Indonesia In an effort to boost its real estate industry, the government of Indonesia is raising the price threshold of luxury sales tax on residential property. In a reversal of recent policies, a levy of 20 percent will apply to buyers of luxury residential units worth US$2.1 million or more in a departure from housing policies instituted a few years ago when the tax thre...
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Expert Says Four Locations Seeing Strong Construction Growth in 2019
- 9 July 2019
With the Ministry of Land Management Urban Planning and Construction (MLMUPC) projecting that construction is expected to increase sharply in 2019 compared to 2018, an industry expert has identified four areas in Cambodia seeing strong growth. With more than US$2.7 billion construction investment approved in the first five months of 2019, real estate expert and founder of Key Real Estate Mr Sor...
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Waterfront Resort Design Unveiled for Jakarta
- 8 July 2019
Australian developer Crown Group has revealed plans to build a US$693 million mixed-use waterfront resort in Jakarta, with marina, beach club and apartments. Designed by Sydney architect Koichi Takada, the towering 9,000 sq m development is planned for Ancol Bay in northern Jakarta. Featuring 3,000 apartments, the resort would set a new benchmark in residential property in Indonesia. Archite...
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Prince Real Estate Selects Cambodia as Strategic Base for Southeast Asia
- 8 July 2019
Photo by Prince Real Estate Group (Cambodia) After establishing a strong presence in the Cambodian market, Chinese property conglomerate Prince Real Estate Group has announced that it has selected Cambodia as a strategic base to achieve its ambition of becoming one of the most influential transnational groups in Southeast Asia. The announcement was made on 06 July 2019 when the company inaug...
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