Construction

Major companies and projects

Gov’t approves $9B worth of building projects in 2019

The government has approved more than $9 billion this year for capital investment in the construction sector, a nearly 80 per cent increase on last year, with most of the growth coming from projects in Sihanoukville, according to Minister of Land Management, Urban Planning and ...

Hin Pisei
https://www.phnompenhpost.com/business/govt-approves-9b-worth-building-projects-2019

Chip Mong commences Park Land 50M project

Chip Mong Land, one of the Kingdom’s leading construction developers, has launched the “Park Land 50M” residential project. The project broke ground on Thursday in Dangkor district’s Prey Sar commune along the capital’s second ring road, which – hence the name – is 50m wide. ...

Thou Vireak
https://www.phnompenhpost.com/business/chip-mong-commences-park-land-50m-project

China, Cambodia venture to raise new building

Local group OTK Royal One signed a partnership agreement this week with Chinese firm Huasi Group to build a 62-storey commercial building in Phnom Penh. ...

Sum Manet
http://www.khmertimeskh.com/50113907/china-cambodia-venture-to-raise-new-building/

Hunton & williams advises on commercial close for $1.8 billion Cambodian expressway project

Hunton & Williams LLP is pleased to announce its role as lead transaction counsel to China Road and Bridge Corporation in a $1.8 billion public-private partnership (PPP) development of a 190-kilometer expressway in Cambodia. ...

Business Wire
https://www.businesswire.com/news/home/20180130005036/en/Hunton-Williams-Advises-Commercial-Close-1.8-Billion

Cambodia finds new target for real estate: Chinese investors

Across this traditionally low-rise Cambodian capital, a building boom is becoming more noticeable as it pushes higher into the sky, and its largest projects are often geared towards Chinese investors, who have only recently taken interest in the nation’s real estate market.​ ...

Chris Horton
https://www.nytimes.com/2018/01/09/business/cambodia-real-estate.html

Developer puts condo project The Bay on hold as supply glut looms

The Singaporean developer behind The Bay, a $500 million mixed-use real estate project on the capital’s Chroy Changvar peninsula, has announced it is putting the residential phase of the project on hold due to unfavourable market conditions – a move that could herald the first ...

Cam McGrath and Hor Kimsay
http://www.phnompenhpost.com/business/developer-puts-condo-project-bay-hold-supply-glut-looms

Koh Rong development plan tied up in red tape

The Royal Group’s $30-million luxury resort on Koh Rong island will not be completed on schedule as the company has faced numerous port development issues and, according to company management, a snarl of red tape. ...

Cheng Sokhorng and Kali Kotoski
http://www.phnompenhpost.com/business/koh-rong-development-plan-tied-red-tape

Hyundai Engineering wins $120mn order to build a mall in Cambodia

South Korea’s Hyundai Engineering won a $120 million deal from a Japanese retail giant Aeon Co. to build a shopping mall in the Kingdom of Cambodia, a deal that is expected to help the Korean engineering company that has been focusing on plant construction diversify ...

Lee Han-na
http://pulsenews.co.kr/view.php?year=2016&no=407384

Economic zone reaches milestone

The Sihanoukville Special Economic Zone (SSEZ) jointly operated by a China-based conglomerate and the Cambodia International Investment Development Group Co. Ltd reached a milestone yesterday with the 100th factory set up to operate in the economic and trade cooperation zone. ...

Chea Vannak
http://www.khmertimeskh.com/news/25859/economic-zone-reaches-milestone/

Highest hotel in Sunshine City

The highest hotel complex in Phnom Penh city will soon make its debut with ample parking space for all its guests and visitors. The complex, Ding Li Sunshine City, will be 37 stories high with four levels of underground parking, said its developer Ding Li ...

Sum Manet
http://www.khmertimeskh.com/news/25725/highest-hotel-in-sunshine-city/

China developer eyes satellite city

The property behemoth in Phnom Penh has attracted a top China-based developer, Country Garden Holdings Co. Ltd, which seems keen to invest in the building of a modern satellite city that can accommodate two million people in the Kingdom. Yang Guoqiang, Chairman of Country Garden ...

Sum Manet
http://www.khmertimeskh.com/news/25509/china-developer-eyes-satellite-city/

Government approves 133-story skyscraper

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. ...

Kang Sothear and Ben Paviour
https://www.cambodiadaily.com/news/government-approves-133-story-skyscraper-112063/

More regulations for foreign construction projects: ministry

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. ...

May Titthara
http://www.khmertimeskh.com/news/24099/more-regulations-for-foreign-construction-projects--ministry/

Construction insurance trails boom

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

Sum Manet
http://www.khmertimeskh.com/news/24090/construction-insurance-trails-boom/

Up to 40% of Ta Khmao development sold

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. ...

Sum Manet
http://www.khmertimeskh.com/news/23188/up-to-40--of-ta-khmao-development-sold/

City hall planning to privatize 280-hectare development site

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.   ...

Khuon Narim
https://www.cambodiadaily.com/news/city-hall-planning-to-privatize-280-hectare-development-site-109413/

133-story twin towers get initial approval

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. ...

Kang Sothear
https://www.cambodiadaily.com/news/133_story_towers_approved-108645/

Japanese condo developer unfazed by concerns of oversupply

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 ...

May Kunmakara
http://www.khmertimeskh.com/news/20716/japanese-condo-developer-unfazed-by-concerns-of-oversupply/

Nagaworld expansion suspended

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. ...

Sek Odom
https://www.cambodiadaily.com/news/nagaworld-expansion-suspended-99673/

Cambodia hosts int'l expo on construction, real estate

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. ...

Xinhuanet News Staff
http://news.xinhuanet.com/english/2015-09/10/c_134610499.htm

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