News

The government has unveiled plans to develop a new town in the Bokor Mountain area, an inter-ministerial meeting last Friday said. Minister of Land Management, Urban Planning and Construction Chea Sophara led the meeting to develop a master plan for the development project, located in ...

A project to build a $31-million steel-processing plant in Kampong Speu province was recently greenlighted by the government, according to an announcement by the Council for the Development of Cambodia earlier this week. ...

The government announced a more than 20 percent increase in approved construction projects last year over the year before, but not all the benefits of the booming industry are being passed on to Cambodian workers and property buyers, according to industry insiders. ...

A $1.5 billion new satellite city called the Cambodia-China Friendship City is to be built in the capital’s northern suburbs next year adjoining the Ly Yong Phat Satellite City. According to local media reports, the construction of the friendship city would be undertaken jointly by the ...

Ministry of Land Management, Urban Planning and Construction is preparing to host a construction seminar next week that will discuss the criteria for issuing building permits and also tackle problems related to construction site management. ...

A mid​ strong demand growth in the Grade A office sector, a joint-venture agreement signing event was held at the Sofitel Phokeethra last week, establishing an investment company, provisionally called Kingdom Luxury Development Co, which aims to build a Grade-A office tower Phnom Penh. The joint-venture ...

Property has seen a boost in Sihanoukville city in the first quarter of this year, underpinned by increased tourist numbers year-on-year. Cheng Kheng, director of CPL Real Estate Company and president of the Cambodian Valuers and Estate Agents Association, said the outlook on property in Sihanoukville ...

The west end of Street 110, also known as Russian Boulevard, is attracting increasing interest from investors and retailers because of its vital role connecting Phnom Penh International Airport with the city centre. Local real estate experts estimate that land prices along the thoroughfare have risen ...

Even as bulldozers slowly pushed freshly dredged sand into the Tonle Bassac yesterday, expanding Phnom Penh’s Koh Pich, developers and officials could say little about the massive project slated to occupy the new space – a 555-metre tower that would be the tallest in Asia, ...

Land prices in Preah Siahnouk province have risen slightly, by 5 to 10 per cent in early 2013, despite increasing numbers of tourists who have visited Cambodia and travelled to the province. Cheng Kheng, director of the CPL real estate company and president of Cambodian Valuers ...

Property experts say the Camko City project has a great deal of potential, after visiting and studying the satellite city last week. Kim Heang, general manager of Khmer Real Estate Co, said that he is very interested in Camko City because he has seen that it ...

Property experts say foreign companies are coming to invest in Cambodia’s property sector, as they see the growth and potential of the Kingdom. Sung Bonna, director of Bonna Realty Group, said that the number of foreign companies in the sector has grown, and most are from ...

The price of land along four major boulevards in Phnom Penh climbed by 16 per cent in early 2013, according to real estate experts, compared to the same period in 2012. VMC Real Estate chairman Dith Channa said land prices increase because the quality of ...

Office rental growth in Phnom Penh increased 10 to 15 per cent by the end of 2012, said an official of the Cambodian Valuers and Estate Agents Association, as the number of local and international companies have risen significantly. Chrek Soknim, deputy director of VTrust property ...

Cheng Kheng, director of the CPL real estate company, has been elected to be president of the Cambodian Valuers and Estate Agents Association in 2013, after Sung Bonna, director of the Bonna Realty Group, ended his 2012 term. ...

Land prices in Meanchey district’s four communes that had been transferred into Phnom Penh municipality’s control from Kandal province have held steady, despite the construction of Prek Samroung Bridge and the extension of roads to the area. Meanchey Governor Kuch Chamroeun said that he is ...

Last week, the crane on the top of Gold Tower 42 was removed, adding to the sense that the completion of the Korean-owned skyscraper is ultimately a distant hope. The owner of the unfinished skyscraper, sitting at the corner of Sihanouk and Monivong Boulevards entered into ...

Three projects of the six satellite cities around Phnom Penh that were originally approved by the government have been “significantly” developed, according to officials of the Ministry of Land Management, Urban Planning and Construction. Lao Tepseiha, deputy director of the construction department of the Ministry ...

Land prices along National Road 4 still have the potential to rise, despite the relocation of a number of factories to National Road 3, property experts say. The price of land goes from $100 to $300 per square metre from Chaom Chao cycle to the ...

Canadia’s Bank’s futuristic $100 million Riviera project on Koh Pich Island will begin construction early in 2013, according to a company spokesman. Riviera project manager Chen Hok said that two 28-storey buildings and three buildings of 38 storeys will be built in early 2013, while they ...

Although costs can be high for borrowing and it can be difficult to pay regularly every month, the trend of borrowing from banks by Cambodian people to buy property is still steadily increasing, according to experts. Keuk Narin, vice president of Asia Real Estate Cambodia, said ...

Tuol Kork district has been showing its potential through infrastructure development, and is changing from a residential into a commercial area, according to property experts. Moreover, Tuol Kork will become a more central area because it is located in the middle of the old Phnom ...

In one of Phnom Penh’s biggest land deals to date, Japanese shopping mall developer Aeon Mall Co Ltd has bought 6.7 hectares of prime real estate from South Korea’s GS Engineering & Construction, a firm that was once slated to build the tallest building in ...