Khmer-Chinese Cement Factory Opens Doors in Battambang Province

Prime Minister Samdech Hun Sen presided over the inauguration ceremony of the Battambang Conch Cement Factory in Rotanak Mondol district, Battambang province on the morning of 31 May. Built on 316 hectares, more than USD230 million was invested in the factory by Chinese firm Conch International Holding (HK) Limited together with Cambodian company Battambang KT Cement Co.,Ltd. The new factory is...

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Cambodia to Demand Extra 1.1 Million Houses by 2030

According to the government’s 2014 National Housing Policy, by 2030 an extra of 1.1 million houses will be needed to fulfill the demand of the population. Among that, Phnom Penh alone will demand about 800,000 houses. This statement has been mentioned and discussed in the EuroCham Cambodia breakfast talk on the affordable housing in Cambodia on May 24. Cambodia is currently having a populati...

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Thailand Property Technology Firm Plans to Expand​ Business to Cambodia

A Thailand-based property technology company known as Baania is in negotiations with business partners in order to expand its business in Cambodia next year under a goal to boost revenue 50 per cent from last year, reported The Nation. Baania is online platform that provides a data analytics such as demand and supply analysis, market predictions, and brand value analysis, to help property buyer...

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Asean’s Coasts Attracting Investor Interest

As ASEAN’s emerging markets experience a real estate boom fuelled largely by increasing direct foreign investment, property buyers are now looking beyond major cities to previously undeveloped coastal areas. The coastal cities of Sihanoukville in Cambodia and Danang in Vietnam are seeing growing interest, especially from Chinese investors, as infrastructure improves and the economies and touris...

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The First Fairfield by Marriott Hotel in Cambodia to Break Ground in August

After signing an agreement with Marriott International in May last year, the Royal Field Development Company Limited, a subsidiary of Chip Mong Group, has set August as the ground breaking date for the first Fairfield by Marriott hotel to be built in Cambodia. “At this stage, we are finalising the architecture of the building. After we are done with that, we will start construction by August or...

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LHN to Bring 85 Soho Serviced Residence Brand to Cambodia

Well-known Singaporean real estate company LHN Group is acquiring 108 freehold condominium units in Phnom Penh for USD12.5 million with the aim to develop them into the serviced residences under the 85SOHO brand, according to The Straits Times. The 108 condos comprise all the units in Block 1A of Axis Residences, which is developed by Spring CJW Development. Axis Residences comprises 5,748 squa...

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Cambodia Needs 35,000 Qualified Engineers From 2018 to 2020

35,000 qualified engineering professionals are needed in Cambodia from 2018 to 2020 to fulfill the high demand of the current labor market, according to the Japan International Cooperation Agency (JICA) report. The statement was made during the 2017 Annual Report Seminar of the Cambodia Board of Engineers at the Ministry of Labour and Vocational Training (MLVT) on 26 April. “Counting until D...

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WB Arena to Bring Entertainment to Phnom Penh’s Riverside in November

The WorldBridge Group has invested USD10 million in a new riverside entertainment complex called WB Arena, which will be unique new attraction in Phnom Penh City. Located along the Bassac River in Chak Angre Krom, WB Arena is built on about 1.3 hectares of land and comprises 13 buildings with a total of 171 units which are uniquely designed for different purposes. Different zones are divided wi...

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Biggest Street Food Centre to Open in Chrouy Changvar City This October

Chrouy Changvar City is set to welcome the biggest street food center in Phnom Penh named The Food Palace in October this year. Located on 30 metre or OCIC Blvd., the Food Palace project is built on about 5 hectares of land through investment by the Overseas Cambodia Investment Corporation (OCIC), and is also part of the Chrouy Changvar satellite mega development project. The center will com...

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The Royal Sands Koh Rong Officially Opens

Prime Minister Samdech Hun Sen on 23 April presided over the grand opening ceremony of the Royal Sands Koh Rong, the first ever five-star resort on the island namely. With an investment of more than USD40 million by the Royal Group, first phase of the Royal Sands Koh Rong, comprises 67 pool villas with a total of 148 rooms, with each villa equipped with its own swimming pool. The resort is b...

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