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ខ្មែរ Projects Development
US$32 Million Cement Factory Announced for Sihanoukville Special Economic Zone
- 9 August 2018
Sample Photo of Cement Plant. Photo Credit: Himalayan Times King Elephant Construction Material Industrial CO., Ltd recently announced their plan to invest US$32.6 million to build a cement factory in the Sihanoukville Special Economic Zone in response to rising demand in the Cambodian market. After an official meeting between the company representatives and the Sihanoukville Deputy Governor...
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Win-win Memorial Set to Open in December
- 8 August 2018
The Cambodia’s peace symbol building “Win-Win Memorial” is set to inaugurate on the occasion of the 20th anniversary of the government's win-win policy which will take place on December 29, 2018, according Fresh News. On August 7, 2018, deputy Prime Minister and Minister of National Defense H.E. General Tea Banh, had attended the meeting to follow up on the progress of the construction of the “...
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Angkor Wat Ranked as #1 Landmark in the World by Tripadvisor
- 8 August 2018
The renowned online worldwide travel planning company TripAdvisor recently announced the winners of its Travellers’ Choice Award for Landmarks in the World and Angkor Wat Temple in Cambodia was ranked #1 for its magnificent historical architecture. This is second consecutive year for Angkor Wat to receive this award and it will be officially conferred on the monument by TripAdvisor on 9 August ...
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Phnom Penh Office Market Remains Robust in Q2
- 7 August 2018
Office Supply in Exchange Square. Photo Credit: Exchange Square Despite the decrease in total supply by 3.3 percent in Q2, the Phnom Penh office market remained robust with an overall occupancy rate of 87.7% - a 5% increase from Q1 - according to a report by CBRE Cambodia. The decrease in supply was caused by the closures of aging stock in the Grade C sector as landlords sought to refurbish ...
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NBC: Construction Sector Strength Driven by Three Factors
- 6 August 2018
According to the semi-annual report from the National Bank of Cambodia (NBC), three factors have driven the growth in the construction sector. The first factor is market growth in construction raw materials which increased 27% in the first six months of 2018. The second factor is the increase of credit for the construction sector increased by 30%. Indeed, credit for the construction sector r...
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CBRE: Phnom Penh Retail Supply Increases by 43% in Q2 2018
- 4 August 2018
Naro Mall Retail real estate supply in Phnom Penh was recorded to have risen by 43% in Q2 of 2018 compared to Q1, according to the latest report by CBRE Cambodia. During this quarter, three retail complexes have been completed and opened their doors to the public including the second Aeon Mall Sen Sok, Prince Central Plaza and The Park. Among them, AEON Mall Sen Sok alone has added approxima...
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Siem Reap to welcome US$70 million Cambodia-China Cultural and Creative Park
- 3 August 2018
China’s Yunnan Cultural Industry Investment Holding Group has recently injected US$70 million to build a Cambodia-China Cultural and Creative Park in a home of famous Angkor temples—Siem Reap Province, Cambodia. Located nearby the Sokha Siem Reap Hotel, the park is being built on a total of 3.3 hectares of land area and will house a 1,500 seat ”Smile of Angkor” theatre, a Zhou Daguan Museum, Ch...
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Deal Signed for the City Gate Commercial Complex
- 25 July 2018
The long-awaited deal between Cambodia and China for “The City Gate” mega commercial complex has been officially signed, according to the press release. The Phnom Penh Autonomous Port (PPAP) announced on 19 July, 2018 that it has leased out nine hectares of its land from Chroy Changvar Bridge to the Night Market along the Tonle Sap River to Chinese real estate developer, Chean Chhoeng Thai Grou...
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Chinese Developer Announces 10 Year, Us$6bn Master Plan in Cambodia
- 25 July 2018
One of Prince Real Estate Group in Cambodia China-based property developer Prince Real Estate Group (Cambodia) recently revealed their 10 year master plan in Cambodia with an injection at least US$6 billion investment to create the largest Central Business District (CBD) in Phnom Penh as well as other provinces across the kingdom. According to a video interview with RealEstate.com.kh, Mr Li ...
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CBRE: Supply of Condominiums in Phnom Penh Increased by 20%
- 23 July 2018
A new report by real estate agent CBRE Cambodia has shown that the supply of condominiums in Phnom Penh increased by 20% quarter-on-quarter(q-o-q) in the course of Q2 of 2018, making a total supply of condominiums in the capital of 11,830 units. “Cambodia Phnom Penh Marketview for Q2 2018” revealed that in the second quarter of 2018, around 2,000 condominium units were completed with five new p...
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