Land Minister Warns Non-compliant Construction Sector Businesses of Closure

H.E Chea Sophara, Deputy Prime Minister and Minister of Ministry of Land Management Urban Planning and Construction (MLMUPC), told all construction companies in Cambodia to comply with technical standards, otherwise the ministry will shut down those businesses with no exemptions. The statement was made at a meeting on the design project and construction of a building with design, construction, ...

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Asean Realtor Inc. To Deliver New Way of Life With Romduol Eco Resort in Kampot

Photo by ASEAN Realtor Inc. In response to the demand of places for relaxation and retreatment for higher income earners in this booming real estate market, local developer ASEAN Realtor Inc. is to deliver new way of life with its Romduol Eco Resort in Kampot Province. Construction & Property Magazine reporter Ms. Khat Leakhena sat down with successful International Real Estate player an...

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Singapore to Launch World’s First Air Taxis

Singapore has announced plans to be the world’s first city to launch air taxis by the end of 2019. The unique metropolitan transport project called ‘Voloport’ is a collaboration between UK-based aerospace firm Skyports, German aircraft maker Volocopter, German designer Brandlab, Los Angeles-based Graft Architects and UK consulting engineer Arup. A voloport prototype with landing pads for the...

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Vietnam’s Real Estate Sector Continues to Boom

As Vietnam’s economy sees record growth with 6.8% expected in 2019, the real estate sector continues to enjoy an unprecedented boom. In Ho Chi Minh City alone, around 30,000 condominium units came online at the start of 2019 with mid-range units accounting for 61%, while the high end saw a year-on-year decrease by 10% with 23% of the market supply. In Hanoi, 20,700 new units came onto the ma...

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Steel Imports From China Increase in Value but Vietnam Retains Weight Market Share

As Cambodia’s steel industry mostly relies on foreign imports, China and Vietnam are capitalising on this market with each country importing more than US200 million worth of steel from the total imports of US$900 million within the last three years. According to the latest figured from the department of domestic trade of the Ministry of Commerce, between 2016 to the first six month of 2018, Cam...

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Special Offer! Discounts of Up to 7% for All Projects From Chip Mong Land

Photo by Chip Mong Land Phnom Penh: Chip Mong Land is offering a special opportunity with a discount of up to 7% to its customer on all residential projects from 01 July 2019 onwards. Chip Mong Land, one of the largest and most well-known real estate development companies in Cambodia, currently holds eight mega-luxury residential projects comprising of Land Mark 271, Land Mark 60M, Park Land...

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Giant Ferris Wheel Set to Roll in Siem Reap

Local firm Angkor Eye Company Limited began construction on a giant 80-metre Ferris wheel on 30 June 2019 in Siem Reap province, according to the Siem Reap Provincial Information Department. According to the source, this giant Ferris wheel, located in Box Ville, Krous Village, Svay Dangkum Commune, Siem Reap District, is a US$7.2 million investment by Angkor Eye Company Limited. Standing 85 ...

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Construction of Prince Real Estate Begin Convention Center Ahead of the Asean Summit

Photo by Prince Real Estate Mega Chinese firm Prince Real Estate Group who invested heavily in the real estate sector in Cambodia has begun construction of its convention center in Sihanoukville on 28 June 2019 ahead of the ASEAN Summit which will take place within in the next few years. Prince Real Estate Group has begun a groundbreaking ceremony for the Cambodia International Convention Ce...

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Tourism Seaport in Kep Province Planned

Photo by Chris Ellinger The Ministry of Public Works and Transport (MPWT) has been discussing the construction of a seaport in Kep province to serve the transportation of tourists. The project is now in the process of seeking funding for implementation. H.E Vasim Sorya, spokesman for Ministry of Public Works and Transport, said the Kep tourism seaport project is a state-funded project, and s...

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Location Determined for Airport Development Project in Mondulkiri

The Secretary of State for Civil Aviation has said that the administration of Mondulkiri province has designated some 300 hectares of land for the construction of an airport in the northeastern province. Sin Chansereyvutha, spokesman for the State Secretariat of Civil Aviation, said that authorities are now approaching the boundaries of the airport after setting the location of the new airport....

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