Real estate

The activist Independent Monk Network has called on the Ministry of Cult and Religion to release paperwork proving that an agreement it struck with NagaCorp to help construct an electricity substation at Phnom Penh’s Buddhist Institute does not involve the selling of any of the ...

The Phnom Penh Municipal Court on Wednesday questioned an elderly tycoon who was jailed earlier this month in a real estate dispute with his brother, also a prominent businessman. Huot Seng Long, 76, who also uses the name Thai Seng Long, was questioned in a closed-door ...

Demand for top-quality workspace in Phnom Penh is increasing, so much so that property firm Knight Frank has labelled the capital as the fastest-growing city for rented prime office space in the entire Asia Pacific region. The firm’s June 3 quarterly report, which marks the first ...

About 400 monks and villagers protested Sunday outside Wat Koh Puthivong pagoda in Phnom Penh’s Sen Sok district to protest what they say is a real estate company’s encroachment onto the pagoda’s land, including an island that monks consider sacred. During the protest, dozens of young ...

Chroy Changva district security guards Thursday stopped villagers from preventing a private company from pumping sand onto the wetlands behind their homes. The Overseas Cambodian Investment Corporation (OCIC) is building a $3-billion real estate project, known as “Chroy Changva City, City of the Future,” on the ...

Phnom Penh recently saw the destruction of a portion of the Buddhist Institute to make way for the expansion of a casino. Political analyst Lao Mong Hay told “Hello VOA” last week that this kind of development demonstrates an “imbalance” between public and private institutions. The ...

A Sihanoukville construction project isn’t pulling out all the stops so much as plugging all the drains, leaving neighbouring residents to stew in murky floodwaters, villagers say. Last month, while levelling out the 20-hectare plot, construction workers dumped dirt in front of two large drainage pipes, ...

Nine floors of the 32-storey BKK1 condominium project, Platinum Bay, are now completed and construction is slated to be completed by mid-2017. Platinum Bay is located on Street 282, not far from the soon-to-be-completed De Castle Royal, a part of town that property insiders see as ...

CBRE Cambodia’s latest MarketView report sees strong growth in Cambodia’s international tourism sector, with particularly strong in international arrivals resulting in growth in hotel occupancy rates and durations of stay. According to the May report, international arrivals in 2013 increased 17.5 per cent, to a total ...

Sales of the SOHO (small office and home office) component of The Bridge condominium project, which will have 54 floors and will be built with an investment of $300 million, officially launched last week. Sear Rithy, director of World Bridge Land, said he was proud and ...

Foreign and domestic investment in construction projects skyrocketed in the first four months of the year, government data suggests. Ministry of Land Management and Urban Planning data revealed last week shows total investment in new construction projects reached more than $1.4 billion at the end of ...

The owner and developer of Koh Pich in Phnom Penh has been ordered by the government to scale back its expansion of the island, according to the Ministry of Water Resources and Meteorology. According to a statement posted to the ministry’s website on Wednesday, the Overseas ...

A group of about 100 people, including 50 or so monks, attempted to march yesterday to protest outside Phnom Penh’s Buddhist Institute, but were thwarted by droves of military police and district security guards on Sisowath Quay. No violence occurred as Independent Monk Network leader But ...

Following the success of Borey River Town, the investor behind it has announced plans to inject $100 million into developing a new project. General manager Teng Rith says that construction of Borey River Town is now 50 per cent complete, with some 80 per cent of ...

The management of the 32-storey De Castle Royal condominium project in BKK1 has announced that the The Place, widely regarded as Phnom Penh’s only independent five-star gym, will manage the development’s fitness centre. This means the air-conditioned De Castle Royal gym will be fully fitted out ...

The Hong Kong-invested Casa Meridian project plans to launch sales and start construction at the end of this month. Casa Meridian is a skyscraper condominium development on Diamond Island (Koh Pich), which developers there hope will become a modern commercial and residential area of Phnom Penh ...

Responding to reported fears among staff that the destruction of a wall at Phnom Penh’s Buddhist Institute could herald the piecemeal sale of the grounds to adjacent casino operator NagaCorp, the government yesterday chalked the alarm up to a simple misunderstanding. According to the Ministry of ...

Construction work at the site of Phnom Penh’s Buddhist Institute by Hong Kong-listed casino operator NagaCorp has caused concern among staff that the large development is driving away students. In recent days, a wall separating the institute from Hun Sen Park in Chamkarmon district’s Tonle Bassac ...

Prime Minster Hun Sen ar­riv­ed back in Phnom Penh on Sunday after a weeklong visit to Chi­na for an international summit during which Chinese Premier Xi Jinping pledged $145 million in aid and soft loans to Cambodia. On Monday, AKP reported that China promised to ...

Cambodia’s construction sector received a total investment of 851 million U.S. dollars in the first three months of 2014, up 311 percent compared with 207 million U.S. dollars over the same period last year, the official figures showed Thursday. During the January-March period this year, the ...

Demand for warehouse space rose over the first five months of 2014, according to local property experts. The managing director of Town Real Estate Company, Van Chanthorn, said demand for warehouse space increased in some areas compared with the same period last year, adding that his ...

The pumping of sand and filling in of lakes and marshy areas prone to flooding, with the eventual aim of creating the Chroy Changvar Satellite City, will be completed in the fourth quarter, according to Overseas Cambodian Investment Company (OCIC) sources associated with the development. Meanwhile, ...

In yet another land swap deal that will see lucrative state-owned land handed to a private business in exchange for a new building on cheaper land, the Try Pheap Group has built a new headquarters for the Women’s Affairs Ministry in Stung Meanchey commune. In return, ...

Nearly three years after it was shut down for supposed renovations, Phnom Penh’s Chamkar Mon Referral Hospital is still not operational and former staff say they have been left out in the cold about what will happen to the site. Commune, district, municipal and national health ...