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ខ្មែរ Projects Development
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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Refurbishment of Chroy Changwar Bridge Set to Finish Before Schedule
- 9 July 2018
The renovation of Cambodia-Japan Friendship Bridge in Chroy Changva is set to finish before schedule, according to Mr Chhim Phalla, Director of the Department of Roads for the Ministry of Public Works and Transport (MPWT). Speaking with the Ministry of Information, Mr Phalla said that the project is 48% complete and it will finish before Khmer New Year in April, two months ahead of the set sche...
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Borey Tourism City in Siem Reap to Host a Customer Thank You Party
- 9 July 2018
Borey Tourism City in Siem Reap Borey Tourism City by OCIC is hosting a lucky draw party to celebrate 70% of its 3rd and 4th phases selling out as well as to thank the customers who have always supported Tourism City since its first phase. To be held at 6pm-8pm on 16 July, the event will take place at the Borey Tourism City Sales Office in Siem Reap Province, where all attendees can have the...
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Dutch Company to Develop Luxury Lotus Island on Phu Quoc
- 6 July 2018
Lotus Island on Phu Quoc. Photo Credit: Royal Haskoning Dutch consulting engineer Royal Haskoning has been chosen to design an artificial island in Vietnam, according to a statement on the company’s website. The man-made island, in the shape of Vietnam’s national flower the lotus, will be located at the South East coast of Phu Quoc Island and will be part of a larger waterfront and coastal d...
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US$15 million rice storage facility opens in Battambang Province
- 5 July 2018
rice storage facility source Chea Chenda State-owned bank Rural Development Bank (RDB) inaugurated Cambodia’s biggest rice warehouse and drying facility on 3 July in Battambang Province according to the official post on Facebook. The warehouse is capable of stocking 200,000 tons of paddy rice while the drying facility can process up to 3,000 tons of rice daily. Built at a cost of US$15 milli...
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