Urbanization and Architect
US$25 million needed for drainage system in Sihanoukville province
To avoid flooding during heavy rains, Sihanoukville will need about US$25 million to build a drainage system, according to the recent draft master plan. The result was presented at a workshop on the results of a feasibility study of the Master Plan for Wastewater Management in Sihanoukville on 24 August. Speaking to reporters after the seminar, H.E Sun Chanthol, Minister of Public Works and Tra...
Read MorePreah Sihanoukville set to become sustainable national development hub
Based on the 2030 vision of Urban Planning, the Cambodian government has set Preah Sihanoukville province as a sustainable national development hub in the country’s coastal area, as province booms with investment and tourists. The urban planning report states that Preah Sihanoukville province will be a hub of a modern city, a world’s beautiful beach resort, a multi-purpose special economic zone...
Read MoreSingaporean start-up to use blockchain technology to build smart city in Phnom Penh
Singaporean start-up Limestone Network plans to use blockchain technology to build a smart city in Phnom Penh, as part of its ambition to build a smart city ecosystem network for real estate and infrastructure development across Southeast Asia. Using a blockchain technology- a digital record of transactions network that has no central authority - the network will cover up to 10,000 business ten...
Read MoreSiem Reap ring road renovation project kicks off
The Siem Reap ring road renovation project saw ground officially broken on 15 August, according to an announcement by the Ministry of Public Works and Transport. The ground-breaking ceremony was presided over by the Minister of Public Works and Transport H.E. Sun Chanthol, and attended by many other relevant officials and locals. The project is for the rehabilitation of the 2,230-metre-long ...
Read MoreGround broken on Olympic-sized swimming pool in Battambang
The Government of Cambodia has officially broken ground the construction of an Olympic-sized swimming centre in Battambang province as part of its preparations to host the 2023 SEA Games. The groundbreaking ceremony was presided over by the Deputy Prime Minister Samdech Sar Kheng and the Minister of Public Works and Transport H.E. Sun Chanthol, and was attended by hundreds of other relevant off...
Read MoreAugust 8th breakfast talk to discuss real estate and hotel investment in Cambodia
With Cambodia rapidly growing real estate market, international real estate agency CBRE Cambodia and legal firm DFDL to hold a breakfast talk on 8 August to discuss the potential of the Cambodia real estate and hotel investment at the Rosewood Phnom Penh hotel. Under the theme “Real Estate Investment in Cambodia”, the event will bring together expert speakers from DFDL and CBRE Cambodia to guid...
Read MoreNew road maintenance technology called In-Place Recycling introduced to Cambodia
A new road maintenance technology called In-Place Recycling has been introduced to Cambodia through a one-day seminar held at the Ministry of Public Works and Transport (MPWT) on 01 August. As Cambodia is campaigning to improve its road quality through various projects, this new technology would see better road performance and could save money for Cambodia. Speaking on the sidelines of the s...
Read MoreRents to climb in Phnom Penh office market as new supply comes online
The property market in Phnom Penh will keep growing, just as office rents have risen consistently over the past five years despite the continuing increase in the number of office spaces available in Phnom Penh. The market today is still on the rise. Until now, there are no risk factors for the next dip. Currently, low levels of vacancies for Grade B and Grade C office spaces have led to an impr...
Read MoreMorgan Group ground breaks its mega multipurpose project in Sihanoukville
China-based developer Morgan Group on 31 July had ground break its mega multipurpose project in Sihanoukville amid booming construction investment in the city. With an unclose investment capital, Ever Asend Development Co.Ltd , a subsidiary of China-based developer Morgan Group, has begun construction of its multipurpose project called the Morgan The Pure Bay with a total construction area of 4...
Read MoreAsset Management – A course to help us to understand the importance of assets
The Royal Chartered Institute (RCI) will be conducting the 1st Module under the Certificate of Asset Management, which is Asset Management on 07 September 2019. The lecturer will be Dan Davies from the United Kingdom. What is an asset? Assets are normally described as property in normal terms. In real estate, assets can cover infrastructure, property, land, buildings etc. (RICS 2012) Under-ma...
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