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ខ្មែរ Projects Development
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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Concessional Loan Agreement for Ring Road No.3 Signed
- 20 July 2018
Ring road 3 map The Ministry of Economy and Finance (MEF) has signed a concessional loan agreement with China funded bank Export-Import Bank of China (EXIM Bank of China) for the construction of the Ring Road No.3 project worth US$259 million, according to Fresh News. According to the same source, the Ring Road No. 3 is a four-lane road with the total length of 47.6 km connecting Cambodia's ...
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Sales Launched for Kandal Province Affordable Housing Project
- 19 July 2018
Borey Monorom Preaek Ta Teaen B&BM Development Co, Ltd launched official sales for their affordable housing project Borey Sen Monorom in Kandal province on 12 July. Located along National Road No. 5 (22km from Wat Phnom) in Preaek Ta Teaen Commune of Kandal province, the project comprises of more than 5,000 housing units which are being built on approximately 82 hectares of land. The pro...
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Experts Predict Real Estate Sector Growth After July Election
- 18 July 2018
Real estate experts foresee a significant rise in the property sector after the 29 July National Election based on the assumption that for the past six months prior to the vote many investors prefer to await the outcome. According to a survey conducted by Key Real Estate Co., Ltd, land prices in Phnom Penh saw a slight increase in H1 2018 compared to H2 2017. Duan Penh, 7 Makara, Chamkarmorn, a...
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Chip Mong Breaks Ground on Sen Sok Community Mall
- 16 July 2018
Chip Mong Retail, one of the Chip Mong Group’s newest business subsidiaries, held a groundbreaking ceremony on 12 July for its Sen Sok Mall, a community mall in the fast-growing district of Sen Sok. Located on a prime location along Oknha Mong Rithy Blvd and right in front of The Parkland Sen Sok, the Chip Mong Sen Sok Mall covers the total area of 40,000 square metres, and will offer a mix of ...
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Prek Pnov to Become the New Property Hotspot
- 13 July 2018
Prek Pnov District Prek Pnov District, a suburburn area in the north west of Phnom Penh has recently become more popular and has attracted small and medium scale land buyers as the city continues expanding. The latest survey by Key Real Estate Co., Ltd shows that during the first half of 2018, the land prices in Prek Pnov are saw a significant increase compared to H2 of 2017. The land price ...
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Third Coal Power Plant in Sihanoukville to Start Construction Next Year
- 12 July 2018
Sample photo by Wikimedia The Cambodian government has given the green light tothe construction plansfor a two-unit coal-fired power plant in Sihanoukville Province worth more than US$1 billion, according to H.E. Victor Jona, Director General of the General Department of Energy for the Ministry of Mines and Energy (MME). In a phone interview with Construction & Property Magazineon 11 Jul...
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