News

Bokor town plans unveiled

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 ...

Thou Vireak
https://www.phnompenhpost.com/business/bokor-town-plans-unveiled

CDC approves new steel plant in Kampong Speu

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. ...

May Kunmakara
https://www.khmertimeskh.com/50505077/cdc-approves-new-steel-plant-in-kampong-speu/

Construction project approvals up, but locals aren't reaping the rewards

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. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/construction-project-approvals-locals-arent-reaping-rewards

Friendship city planned

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 ...

Chea Vannak
http://www.khmertimeskh.com/news/32345/friendship-city-planned/

Seminar to discuss safety

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. ...

Sum Manet
http://www.khmertimeskh.com/news/31661/seminar-to-discuss-safety/

Local and foreign business interests form luxury property joint venture

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 ...

Hin Pisei
http://www.phnompenhpost.com/real-estate/local-and-foreign-business-interests-form-luxury-property-joint-venture

Tourism numbers give boost to Sihanoukville property prices

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 ...

Sum Manet
http://www.phnompenhpost.com/real-estate/tourism-numbers-give-boost-sihanoukville-property-prices

Russian Boulevard land prices rising

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 ...

Post Staff
http://www.phnompenhpost.com/real-estate/russian-boulevard-land-prices-rising

Sihanoukville land prices largely flat

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 ...

http://www.phnompenhpost.com/2013031461949/Real-Estate/sihanoukville-land-prices-largely-flat.html

Camko City’s potential seen

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 ...

http://www.phnompenhpost.com/2013031461948/Real-Estate/camko-city-s-potential-seen.html

Land prices along major roads increase sharply

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 ...

Seun Son
http://www.phnompenhpost.com/real-estate/land-prices-along-major-roads-increase-sharply

Cheng Keng becomes president of estate agents association

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. ...

http://www.phnompenhpost.com/2013010360592/Real-Estate/cheng-keng-becomes-president-of-estate-agents-association.html

Phnom Penh’s new commune prices steady

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 ...

http://www.phnompenhpost.com/2012122760489/Real-Estate/phnom-penh-s-new-commune-prices-steady.html

Crane removed from Gold Tower 42

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 ...

http://www.phnompenhpost.com/Real-Estate/crane-removed-from-gold-tower-42.html

Three satellite city projects underway

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 ...

http://www.phnompenhpost.com/index.php/Real-Estate/three-satellite-city-projects-underway.html

Riviera project to begin in 2013

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 ...

http://www.phnompenhpost.com/index.php/Real-Estate/riviera-project-to-begin-in-2013.html

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