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ខ្មែរ Projects Development
Construction of Mixed-use Project Prince Tian Xi Wan Begins
- 10 June 2019
Photo by Prince Real Estate Group (Cambodia) Construction of the mixed-use project of Prince Tian Xi Wan in Preah Sihanouk province has begun over the weekend with the final product expected to be finished within a few years. Stretching over a total area of 340,000 square metres along Victory Beach, the Prince Tian Xi Wan by China-based developer Prince Real Estate Group is set to be a world...
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The Process of Title Conveyance in the Sale of Real Property-Sciaroni & Associates and Member of the Real Estate Practice Group
- 10 June 2019
After the pre-conditions to the closing of a land sale-purchase transaction are met, the title to the real property will be conveyed to the buyer by the seller. In order to start the title transfer process, the parties will sign and thumb-print a Vente Definitive (title conveyance document) in the presence of a Cadastral officer. The parties must then submit supplemental documents as required to t...
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Condominium Purchasers in Phnom Penh to Have More Negotiating Power
- 10 June 2019
In the coming years, there will be more challenges, change, and opportunities for Phnom Penh’s condominium market - the challenges will be matching the new products with real demand, as the number of condominium units from all sectors, from affordable, mid-range to luxury sectors, will grow significantly. The rapid and significant rise in land prices in Phnom Penh has resulted in developers hav...
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Ground Broken on 100-megawatt Power Plant in Preah Sihanouk
- 8 June 2019
Photo by Sihanoukville Administration Ground was officially broken on a 100-megawatt coal-fired power plant in Preah Sihanouk province last week. According to a post on the Sihanoukville provincial administration's Facebook page, the power plant an investment by one of China's leading clothing companies HOdo Group Co Ltd, and is located in the Sihanoukville Special Economic Zone (SSEZ). S...
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Ministry Prepares Law on Fire Safety and Building Structures
- 7 June 2019
In response to the steadily increasing number of buildings and to ensure construction quality and safety, the Ministry of Land Management Urban Planning and Construction (MLMUPC), is developing a new law focusing on building structures and fire safety issues, according to H.E Lao Tip Seiha, Secretary of State of the MLMUPC on 06 June at the Cambodia Architect and Decor Exhibition at the Diamond Is...
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US$480 Million in Hotel Investment Projects in Preah Sihanoukville Approved
- 7 June 2019
On 6 May, the Council for the Development of Cambodia (CDC) approved hotel investment projects worth US$480 million and generating about 10,000 jobs. The approved investment projects are five-star hotels and entertainment center. According to a post on CDC’s Facebook, CDC’s investment committee has decided to register Zhi Xu Investment Co Ltd located in Preah Sihanoukville province which is inv...
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Land Registration Nationwide to Be Completed in 2021
- 6 June 2019
The Ministry of Land Management, Urban Planning and Construction has set 2021 as the deadline to complete land registration nationwide, including indigenous land registration, with 74% of total land parcels already registered. Around 5.2 million land parcels were registered nationwide, accounting for 74% of the total 7 million land parcels by April 2019, according to a press statement from the ...
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Government Approves Projects in Two Provinces Worth More Than US$29 Million
- 6 June 2019
On 06 June, the Council for the Development of Cambodia (CDC) approved construction of two building materials factory and hotels in two provinces with estimated an investment capital of over US$29million. According to a post on the CDC Facebook page, the projects include the manufacture of all kinds of construction materials, located in Kiri Raksmey village, Prey Romdoul commune, Phnom Sruoch d...
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Sovanna Shopping Centre to Renovate for New Image
- 5 June 2019
Sovanna Shopping Centre, which opened many years ago, is planning to renovate the main market building to be more attractive as the momentum of new shopping malls in Phnom Penh increases. Improving the look of Sovanna Shopping Centre will require a temporary suspension of operations according to Chea Sokheak, general manager of Sovanna Shopping Centre. Ms Sokheak said that operations in the ...
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Japan-funded Khmer Silk Centre Opens
- 4 June 2019
The Khmer Silk Center, a place to enhance knowledge and production of silk in Cambodia located at the Royal University of Phnom Penh, has officially inaugurated. After more than one year of construction, on 05 June, the Khmer Silk Center was inaugurated by H.E Hang Chuon Naron, Minister of Education, Youth and Sport, and H.E Hidehisa Horinouchi, Ambassador of Japan to Cambodia. Built under g...
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