Projects Development
D.i. Riviera’s Two Towers to Open in 2017
Rising over the three rivers at the northern edge of Phnom Penh’s Diamond Island, two of the five D.I.Riviera Condominium towers are scheduled to open in late 2017. Located at Diamond Island of Phnom Penh’s Tonle Bassac, Diamond Island Riviera features five towers: The 33-floor Towers A and B, and the 42-floor Towers C, D, and E that will jointly carry the ship-like sky park. The 5-hectare comp...
Read More11 shortlisted developers are vying for Cambodia Property Awards 2017
Former Winners and new entrants go head-to-head in the country’s biggest annual real estate event Master developer Shukaku leads the race with a total of 5 nominations Support from various sectors have poured in, including top business associations and media outfits More than 300 guests are expected to attend the 24 March gala at Sofitel Phnom Penh Phokeethra PHNOM PENH, Cambodia – 2...
Read MorePhnom Penh Market Flooded by Smaller Condo Units
Traditionally, Cambodians prefer property at ground level. However, the increased security and lower maintenance costs of condominiums is causing their attitudes to shift. The real estate market in Phnom Penh is going through a very big shift with significant focus on condominiums and serviced apartments, with fewer office buildings and hotels, and a limited number of retail centres being built...
Read MoreTa Khmao’s Condo Towers to Break Ground in 2018
Construction of the luxury twin condominium towers of Center City Takmao complex will kick off in early 2018, following the completion of the commercial shop houses and other commercial buildings in late 2017. Located just 15km south of Phnom Penh along the Tonle Bassac riverfront, construction on the USD150 million complex has sped up on its 68 commercial shop houses which has resulted in over...
Read MoreGarden Taking Root in Modern Lifestyles
As lifestyles and living environments become ever more sophisticated, Sokea Garden aims to be the leading local botanic decoration expert working to international standards. Maslow’s human need theory argues that after fulfilling their basic needs such as shelter, food, and clothes, people seek comfort and entertainment and a similar trend can now be seen emerging in Cambodia as increasingly af...
Read MoreThe Penthouse Foundation Works Complete
After breaking ground in March this year, foundation works on the 5-star condominium The Penthouse Residence are complete with basement and structural works to follow. Located in the heart of Phnom Penh’s fast-growing riverside commune along Sothearos Boulevard in front of Sofitel Phokeethra Hotel and Aeon Mall, the Penthouse is built to international standards and with the latest, innovative b...
Read MorePhnomPenh City Hall Diary
Construction & Property Magazine is pleased to introduce a new regular feature bringing all the latest news from Phnom Penh City Hall. Design Options Proposed For BKC Traffic Light City Hall and experts from relevant public and private companies discussed the several options of design plans for the BKC traffic light (Canadia Bank). The final design has still not been selected as City H...
Read MoreMlmupc News
Construction & Property Magazine is pleased to launch a new regular column providing updates direct from the Ministry of Land Management Urban Planning and Construction (MLMUPC). - Land Dispute Working Group Set up To solve controversial land issues and prevent future conflicts, the MLMUPC established 27 working groups on 3 June. Comprised of technical officials from the ministry, the gr...
Read MoreNation’s First Oil Refinery Online for 2018
After years of uncertainty and controversy in the local petrochemical sector, Cambodia’s first oil refinery plant is expected to go online in 2018 thanks to a USD3 billion joint venture between Cambodian and Chinese firms. The Cambodia Petrochemical Company (CPC) signed an MoU worth USD620 million in May with the Chinese National Petroleum Company (CNPC) Northeast Refining and Chemical Engineer...
Read MoreFine Complex to Rise at Ta Khmao in 2018
2018 will see Ta Khmao city transformed into a real estate development hub thanks to the presence of the first large-scale residential and commercial development project called Center City Ta Khmao which is located just south of Phnom Penh along Ta Khmao Town’s Tonle Bassac riverfront. Built on a 15,463 square metre plot with 10,668 square metres of beautiful landscaped surroundings, Center Cit...
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