Construction

With the recent groundbreaking of the luxury Royal Sands residential project on Koh Rong by a Cambodian conglomerate Royal Group and two major luxury condominium projects being developed on or near the shoreline of Sihanoukville, real-estate agents say a new chapter has begun in the ...

As Cambodians continue to de­bate the government’s whitewashing of a street artist’s multistory mural this week, the information minister publicly critiqued the decision on Friday and drew a comparison to the retrograde attitudes of Soviet leaders toward modern art. ...

Residents living next to a sewage canal in Chomchao commune are concerned about their safety after the walls containing the canal and the ground around it began to collapse when contractors began work on a nearby construction site. ...

The South Korean company behind the long-stalled Gold Tower 42 has again promised to resume construction on the $240-million skyscraper in Phnom Penh, telling officials from the Ministry of Land Management that work would proceed this month and wrap up in 2018. ...

Cambodian conglomerate Royal Group yesterday signed a $1.5 billion memorandum of understanding with Chinese conglomerate Herun Group to establish a real estate development company in Cambodia, invest in other sectors, and possibly list units of Royal Group on stock exchanges in China, executives from the ...

With the real-estate boom entering its fourth year banks and developers are eager to expand credit to the sector, though regulators say they are monitoring lending for real estate for signs of a bubble and are taking preemptive measure to minimize risks that could affect ...

Officials say a pair of Chinese companies have started construction on two residential building projects in Phnom Penh’s Chamkar Mon district without proper authorization and have ordered them to cease work immediately. ...

The curtain was pulled back Sunday on Royal Group’s latest development – North Park Condominium. The real estate project comprises three nine-story condominium buildings spread over 13 hectares in Sen Sok district. ...

One of the country’s fastest-growing developers, Orkidé Villa, is making a move for a share of the premium condominium market with a $350 million condo and mall project that will cover a 36-hectare area of Sen Sok district adjacent Street 2004, it announced this ...

Minister of Urban Planning and Construction Im Chhun Lim ordered all governors to check construction sites in their provinces to ensure that none are encroaching on public land, and to take action against those that do. ...

A local expert has said that with the absence of a master plan for Phnom Penh or a comprehensive construction code, collusion with corrupt officials has led to illegal construction in the city.This claim was solidified last week when the government warned that it would ...

The controversial expansion of NagaWorld casino in Phnom Penh has been temporarily halted after an inspection of the construction site led Prime Minister Hun Sen to judge that it was interfering with the city’s beauty, according to City Hall. ...

The government yesterday took another step towards completing an affordable housing plan for low- and mid-income families by seeking private-sector partners to help develop and implement it. ...

A survey of foreign direct investment by the National Bank of Cambodia due to be completed at the end of this month will help fill data gaps in the construction industry and could lead to new regulations in the property market that will pave the ...

Phnom Penh governor Pa Socheatvong on Monday warned local construction and cadastral officials that they would be fired if they failed to ensure that buildings throughout the city are constructed to the size specified in their plans. ...

Cambodia’s largest international exhibition on construction and real estate kicked off here on Thursday, bringing together 350 exhibitors from 23 countries and regions, officials said. ...

The International Business Chamber of Cambodia (IBS) on Friday took a step to formulate industry-wide construction standards by signing a memorandum of understanding with the UK’s Royal Institute of Chartered Surveyors (RICS), an accreditation agency that monitors quality and safety across the property market.  ...

The global stock market tumble may take the wind out of Cambodia’s property sector, but should have muted effects on the rest of the economy, analysts said yesterday. ...

Industrial technology companies from across Asia expect garment manufacturers to turn to mechanization as a way to supplement human labor power in Cambodia. ...

“The Most Luxurious Home in Phnom Penh,” the placard reads, behind a glowing architectural model of Sky 31, one of the city’s many high-end condominiums under construction. ...

Japan’s Creed Group is investing hundreds of millions in three housing developments in Phnom Penh, the company announced last week. ...

As the booming construction sector attracts more rural Cambodians to seek employment in the capital, the different working conditions between high-rises in urban areas and borey developments have factored into varying degrees of earning potential and living standards.According to estimates by the Ministry of Land ...

A new boutique hotel – which could cost as much as $6 million – is rising in Daun Penh, aiming to attract international business tourists who want to be close to the heart of the city. ...

Thailand has invested $100 million in Cambodia’s construction sector, according to the latest figures issued by the Minister of Land Management, Urban Planning and Construction. ...