Construction

Less than two months after Sihanoukville authorities evicted scores of vendors along O’Chheuteal Beach deemed to be an eyesore, a private developer has begun constructing a new “pub street” just 50 meters from the same shore. ...

Construction on the $580 million project The Peak, a joint venture between local and Singaporean companies, started earlier this week on Tuesday. ...

An awning at the NagaWorld casino which extends three meters onto a public sidewalk was ordered to be destroyed yesterday by the Minister of Land Management, according to officials. ...

The government has given final approval for a planned $3 billion, 133-story twin-tower skyscraper that developers claim will be completed by 2018, a spokesman for the Ministry of Land Management said on Monday. ...

Gold Tower 42 owner Yon Woo Cambodia is calling on creditors, buyers and lessees of the project to lodge any claims by May 12 to clear outstanding issues and pave the way for moving the development forward. ...

Foreign construction companies were warned not to violate Cambodia’s building laws during a meeting yesterday to review a number of projects that had been approved by the government. ...

Despite strong growth in investment in the construction sector, investors, builders and developers still largely neglect insurance on projects, industry and government officials say.​ ...

The reconstruction of the Stung Treng market, which was destroyed in a massive fire that was sparked in a jewelry shop on April 7, started yesterday, according to provincial officials. ...

Cambodia’s schoolchildren could soon attend class in unusually luxurious buildings if Prime Minister Hun Sen has his way. Yesterday the premier granted the government’s entire stockpile of illegally-felled timber – some of which is highly sought after rosewood – to the Ministry of Education to ...

The Cambodian Construction Association yesterday urged authorities to plan and develop more satellite cities as the population in the capital increases rapidly, straining services and infrastructure. ...

Imports of construction materials grew dramatically last year compared with the year before due to strong demand, while the prices of imported goods declined. ...

Up to 40 percent of the $100 million River Premium Development Company, a joint venture between local partners and Malaysian investors, has been completed and sold, said Houn Heng Eriya, the sales manager of the project in the city center of Ta Khmao. ...

After getting the rights to develop Koh Rong island in 2008, the Royal Group started clearing land last year in preparation for the construction of its luxury Royal Sands resort. ...

The Phnom Penh property market continued to see a broad rise in sales and rental values during the final quarter of last year, with land values across the capital’s four central districts rising by an average of 8.4 percent from the third quarter, according to ...

Another 73 families in Stung Treng province have accepted the government’s offer of new land in exchange for the farms they will lose to the Lower Sesan II hydropower dam currently under construction, the second group to take the deal.​ ...

City Hall plans to privatize a 280-hectare plot of public land set aside for a $3 billion development by the Over­seas Cambodia Investment Cor­poration (OCIC) in Phnom Penh’s Chroy Changva district, officials said Thursday.   ...

The construction sector created almost twice as many jobs last year as it did in 2014, according to a report from the Ministry of Land Management, Urban Planning and Construction. ...

The Highland De’ Canal project on the northern outskirts of the capital has launched its land sales on its 100 hectare side, with the first phase of sales offering 36 hectares at $80 to $90 per square meter, Khing Vannak, a major shareholder in the ...

Government officials are encouraging Japanese investors to channel more funding into the country’s booming construction and property development market, with the Ministry of Land Management, Urban Planning and Construction rolling out the red carpet for them. ...

The government is reviewing a mammoth $1-billion proposal by the Thai Boon Roong Group to build twin commercial skyscrapers in Phnom Penh which, if constructed, would be among the world’s tallest buildings. ...

Cambodia attracted the fixed asset investment of 319.4 million U.S. dollars from its ASEAN member states in 2015, up 56 percent from a year earlier, according to a government report on Tuesday. ...

Despite warnings that an oversupply of luxury condominiums is imminent due to the number of new projects being built, a leading Japanese investor in the property sector in Cambodia says the market remains very attractive because two decades of strong economic growth are fuelling demand ...

The value of construction projects approved by the government in 2015 increased by 33 percent to about $3.33 billion compared to the previous year, according to a government report obtained on Sunday. ...

Royal Railway on Sunday refuted a state media report that commercial passenger train service between Phnom Penh and Sihanoukville was imminent. ...