Industries

Construction

Latest property reports offer evidence of strong growth

In its latest Market View report, CBRE Cambodia Research concludes that Phnom Penh has well and truly put the fallout from the Global Financial Crisis – which saw many condominium developments in the city put on hold or even fail – behind it, and the ...

Post Staff
http://www.phnompenhpost.com/real-estate/latest-property-reports-offer-evidence-strong-growth

Return reps, upgrade paycheck, say strikers

More than 200 workers at a company connected to Thai firm K Cement downed tools yesterday and protested in front of the factory in Kampot province, demanding major pay increases and for fired unionists to be reinstated. Ty Yann, secretary of the Building and Wood Workers ...

Sen David
http://www.phnompenhpost.com/national/return-reps-upgrade-paycheck-say-strikers

Residential property prices see steady growth

A property expert and investor in the construction sector says that home prices have increased between 10 and 20 per cent so far this year compared to last year. Kim Heang, president of Khmer Real Estate, says that demand for property in boreys is healthy. Most ...

Siv Meng
http://www.phnompenhpost.com/real-estate/residential-property-prices-see-steady-growth

Small-scale construction firms suffer amid slump in demand

Small business owners in the pillar construction industry say they are facing hard times as demand increases for large pillars but diminishes for small-scale construction. Chheang Bona, director of 7FTD Co, Ltd in Vihear Sour commune, in Kandal province’s Ksach Kandal district, said that his ...

The Editor
http://www.phnompenhpost.com/real-estate/small-scale-construction-firms-suffer-amid-slump-demand

Koh Russey, a jewel by the sea

After its November launch in Hong Kong, Alila Villas Koh Russey will break ground late next month, initiating the construction of a world-class luxury resort. Alila Villas occupies 25 hectares on Koh Russey, an island in the Koh Rong archipelago in the Gulf of Thailand, with ...

Post Staff
http://www.phnompenhpost.com/real-estate/koh-russey-jewel-sea

Construction on Cambodia Plaza resumes after years-long delay

After postponing construction due to the 2008 economic crisis, work on the ambitious Cambodia Plaza is gradually being resumed. The plaza is a mixed development project along Russian Boulevard close to the western end of the 7 January Overpass. Cambodia Plaza project manager Adam Liv said the ...

Siv Meng
http://www.phnompenhpost.com/real-estate/construction-cambodia-plaza-resumes-after-years-long-delay

City’s third overpass shoots for ahead-of-schedule completion

Phnom Penh’s third overpass, or flyover, bridge is now close to completion, some eight months ahead of schedule, and its planners say it will not only greatly improve traffic congestion in the southwest of the city but will also lead to price increases for property ...

Post Staff
http://www.phnompenhpost.com/real-estate/city%E2%80%99s-third-overpass-shoots-ahead-schedule-completion

Construction on triple-tower Times Centre to start in June

Work on a triple-skyscraper complex near Olympic Stadium announced in February is due to get under way in June this year and be completed in 2017, according to the project supervisor. With its slogan “The heart of Phnom Penh”, Times Centre is slated to feature three ...

Siv Meng
http://www.phnompenhpost.com/real-estate/construction-triple-tower-times-centre-start-june

Insurance investment in construction and property see year-on-year increases

Cambodia’s insurance business is continuing to make strides, with the total value of engineering insurance reaching approximately $4 million in 2013, a significant increase compared to 2012. According to data recently released by the Insurance Association of Cambodia, the value of engineering insurance purchased in 2013 ...

Sum Manet
http://www.phnompenhpost.com/real-estate/insurance-investment-construction-and-property-see-year-year-increases

Mixed reaction to coal-fired plant

Cambodia’s first coal-fired power plant, which is expected to fill shortages in demand by producing an additional 100 megawatts of electricity every year, commenced full-time operations yesterday. Representatives from Malaysian company Leader Universal Ltd (LU), which built the plant, joined Prime Minister Hun Sen and ...

Hor Kimsay and Eddie Morton
http://www.phnompenhpost.com/business/mixed-reaction-coal-fired-plant

Diamond Island complex reveals towering ambitions

Construction of the luxury Diamond Island Riviera residential project on Koh Pich is under way after a groundbreaking ceremony last month. The Western-themed, all-modern residential project – a $700 million joint-venture between the Overseas Chinese Investment Company (OCIC) and Chinese Jixiang Investment – is just one ...

Siv Meng
http://www.phnompenhpost.com/real-estate/diamond-island-complex-reveals-towering-ambitions

IMF says Cambodia's strong outlook subject to 'considerable' risks

Cambodia’s strong economic growth and foreign investment are subject to “considerable” downside risks, the International Monetary Fund has warned. A staff report released in Washington late Tuesday said “economic activity remains strong driven by robust exports, with garment exports helped by preferential access to European Union.” At ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=M2FjYzE4NzRmYzQ

Illegal factory floor removed

The illegally built second storey of the Siu Quinh garment factory in Phnom Penh has been destroyed, factory officials and workers said yesterday. Bun Leng, administrative manager at the factory in Dangkor district, said his company had demolished the floor after inspection from a private company ...

Mom Kunthear
http://www.phnompenhpost.com/national/illegal-factory-floor-removed

Construction investment notably increases in 2013

Construction investment in Cambodia in the past 11 months of 2013 was worth of USD 2.4 billion or 1526 projects, covering construction area of 7 million sq km, said The Ministry of Urbanization and Construction. The ministry added that compared with the same period of last ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=NTEzNDI5N2YzMGE

Cambodia to attend CLV united front meeting in Laos

Heads of the national united fronts from three Indochina countries will meet in Vientiane on Wednesday for the Second Summit Meeting. The Lao Front for National Construction (LFNC) President, Dr Phanduangchit Vongsa, informed the media about the planned agenda last week. President of the Solidarity Front for ...

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=11&token=YmUxZTVjNGY3OTU

Buildings Near Palace to Be Partially Demolished

Phnom Penh municipal governor Pa Socheatvong maintained Wednesday that the city would partially demolish two buildings near the Royal Palace because they exceed the height limit stated in their contracts, though he did not specify when the demolition would occur. One building, owned by Vattanac ...

Aun Pheap
http://www.cambodiadaily.com/news/buildings-near-palace-to-be-partially-demolished-48635/

Factory inspection turns up unauthorised floor

Inspectors from the ministry in charge of construction who were called to investigate a “shaking” garment factory last Tuesday discovered that an entire extra storey had been built without permission or oversight from authorities, officials said yesterday. As workers returned to the Siu Quinh Garment factory ...

Mom Kunthear and Shane Worrell
http://www.phnompenhpost.com/national/factory-inspection-turns-unauthorised-floor

Anniversary marked by inaction

Six months after two of her co-workers were crushed to death when a storage level collapsed at the Wing Star Shoes factory in Kampong Speu, employee Yu Manith is noticing the cracks in a factory wall beginning to expand. Shortly after police rummaged through the ...

Shane Worrell and Mom Kunthear
http://www.phnompenhpost.com/national/anniversary-marked-inaction

Insurance claims through the roof

Partly triggered by recent flood damage and an increase in road accidents, claims filed with the six general insurance companies in Cambodia spiked more than 160 per cent in the nine months through to September compared with the same time last year, the latest data ...

Chan Muy Hong
http://www.phnompenhpost.com/business/insurance-claims-through-roof

Cambodia's construction industry looks ahead

Cambodia’s construction industry took a major step forward in its development on Tuesday with the second summit of the Cambodia Constructors Association at DARA Airport Hotel. The summit occurred alongside an exhibition of construction products, materials and services. Association chairman Pung Kheav Se said that was ...

Hin Pisei
http://www.phnompenhpost.com/real-estate/cambodias-construction-industry-looks-ahead

City faces gigantic 45-storey change

Phnom Penh will be a changed city and more attractive when twin 45-storey condominium towers are completed in the coming three or four years, developers say. Sung Bonna, director of Bonna Realty Group, said Singaporean outfit The Bridge Company, would start constructing the twin skyscraper buildings ...

Siv Meng
http://www.phnompenhpost.com/real-estate/city-faces-gigantic-45-storey-change

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