Projects Development
Singapore Firm Terminates Us$11 Million Hotel Deal in Sihanoukville
Singapore-based real estate developer Hong Lai Huat has decided to terminate its sales and purchase agreement of its first hotel project in Sihanoukville, according to an announcement on the Singapore Exchange (SGX).
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Us-based Firm Submits Proposal for Affordable Housing Project in Cambodia
Affordable housing has become one of Cambodia's most important issues in addressing housing shortages, and the United Nations Development Programme (UNDP) recently laid out a design competition for a 3,000 unit affordable housing project for low-income factory workers. US-based architectural firm qastic lab has participated in the competition with a design concept that is suitable for the construction climate in Cambodia.
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Sewage System Project Supported by World Bank Loan Underway
Construction on a sewerage system project supported by a World Bank loan is in progress, according to the Ministry of Public Works and Transport (MPWT)'s Facebook page.
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New Chip Mong Factories to Boost Cambodia’s Industrial Sector
One of Cambodia largest conglomerates, the Chip Mong Group, has showcased its ambition to lift Cambodia’s industrial sector through the establishment of two new factories. On 7 December, 2018, Chip Mong Industries, a subsidiary of Chip Mong Group officially opened two new factories producing roof tiles and PVC pipes located in Dangkor District, Phnom Penh.
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Deal Signed for Cambodia-singapore Mixed-use Development Project
A joint venture development project in Toul Kork District between Neak Oknha Kith Meng’s company and a Singaporean firm has been officially signed.
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Construction of Sihanoukville First Shopping Mall Begin
As Sihanoukville sees the rapid growth in larger-scale buildings, construction on the city’s first shopping mall has also begun.
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Artificial Dinosaur Zoo Planned for Chroy Changvar
In order to attract tourists to Chroy Changva Satellite City, OCIC, led by Neak Oknha Pung Keav Se, is currently developing a huge artificial dinosaur zoo. On 29 November, 2018, Neak Oknha Pung Keav Se told reporters at the Cambodia Construction Industry Exhibition organised by the Cambodian Constructors Associations (CCA) that the construction of the artificial dinosaur zoo would cover more than 200 hectares of land and will be surrounded by a food palace.
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Construction of Gold Tower 42 Remains on Course
After being reinstated following cooperation with Chinese companies, the Gold Tower 42 project,now renamed to GT42, remains on course with construction actively progressing. A few days ago, an employee of Yon Woo Cambodia, the new owner of the GT42 project, told Construction&Property Magazine by telephone that the project is still on going as planned.
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Thailand to Double Greater Bangkok Airport Capacity
Thailand has announced plans to more than double the passenger capacity of airports in the greater Bangkok area in an effort to compete with Singapore as the regional aviation hub. The government’s ambitious plan includes utilising tiny U-Tapao airport, a former military air base 100km southeast of Bangkok. Currently handling 300,000 passengers a year, mostly to Pattaya, the Thai administration intends to transform U-Tapao into a major hub managing 60 million people a year.
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Century 21 Sign Mou to Promote Morgan Tower Unit Sales
Centuy21 Cambodia and Centuy21 China have signed a memorandum of understanding (MoU) with investment firm Morgan Ford Investment to promote unit sales of Morgan Tower,
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