News

Officials Halt Construction on 240 Apartment Project

Police and Phnom Penh municipality officials yesterday halted construction on a seven-story high-end apartment complex on Street 240 in Daun Penh district. Phnom Penh Municipal Governor Kep Chuktema was accompanied by police officials who entered the 240 apartment complex, which has been under construction for several ...

Mittapheap Hotel on track

The five-star, 17-story Mittapheap Hotel in Sihanoukville province, being constructed by Khouch Asia Company, is on track to be completed in 2014 as planned, according to the project manager. The company is aggressively developing the project and the first floor has just been completed. ... The numbers of ...

http://www.phnompenhpost.com/index.php/Real-Estate/mittapheap-hotel-on-track-in-sihanoukville.html

NGO plans to build mini-city

An NGO’s plan to build an “entire city” for the victims of a forced eviction has been backed by the Phnom Penh municipal government, with preliminary construction already under way. The $2.2 to $2.5 million project, devised by the organisation People for Care and Learning, is expected ...

http://www.phnompenhpost.com/index.php/2012100859152/National-news/ngo-plans-to-replace-slum-with-new-city.html

Mass Eviction Looms Ahead Of East Asia Summit

Hundreds of families living near Phnom Penh International Airport are facing imminent eviction from heir homes as security preparations begin for world leaders who will attend next month's Asean and East Asia summits. A total of 387 families living on 6.3 hectares of land to the ...

Cambodian Resorts on the Increase

International tourist arrivals into Cambodia have soared in the past year, with arrivals into Siem Reap up 30 per cent in the first eight months of 2012 over the same period the previous year. The tourist industry was hit hard by the global economic crisis in ...

http://www.phnompenhpost.com/index.php/Real-Estate/cambodian-resorts-on-the-increase.html

Phase Two of Sen Sok Town to begin soon

The second phase of Sen Sok Town, located in Sangkat Phnom Penh Thmai Khan Sen Sok, is slated to start shortly, after it has finished about 70 per cent of its first project. The two projects are worth about US$35 million. The company plans to start the ...

http://www.phnompenhpost.com/index.php/Real-Estate/phase-two-of-sen-sok-town-to-begin-soon.html

Life on the edge of eviction

A group of families in the capital’s Por Sen Chey district gathered in their sludge-filled street yesterday, fearing authorities were moving in to evict them – for a second time. Many of the Andong village residents had taken the day off work; if anyone was coming ...

http://www.phnompenhpost.com/index.php/2012100459108/National-news/on-the-edge-of-eviction-in-phnom-penh.html

Group awaits eviction No. 2

Families in the capital’s Por Sen Chey district face a tense morning as they prepare for the familiar sound of authorities moving in to evict them. Nineteen families in Andong village were told in a letter from district authorities that today was the deadline for them ...

http://www.phnompenhpost.com/index.php/2012100359062/National-news/group-awaits-eviction-no-2.html

Hun Sen Asks China for Loan to Build New Road

Prime Minister Hun Sen said yesterday that he has requested a $140 million loan from China to build a 190 km road that would branch off National Road 5 and allow easier access to Thailand. The request comes just one month after Mr. Hun Sen returned ...

New condominium launched

A new real estate joint venture between local Sonatra Group and Japan’s Grand Corp launched a $6.5 million condominium project in BKK1 yesterday. The 26-storey tower, with 50 units, will be built with high-quality, energy-saving Japanese equipment, according to the new firm’s chief executive, Jun Takeguchi. ...

http://www.phnompenhpost.com/index.php/2012100259027/Business/new-condominium-launched-in-phnom-pehn.html

Thousands to Be Evicted From Riverbank

Nearly 2,000 families living on the bank of the Sekong River in Stung Treng district will be evicted beginning January to make way for the construction of public gardens, officials said this week. ... Loy Sophat, Stung Treng provincial governor, said the evicted families could purchase ...

Stirrings from B Kak developer

After months of inactivity that has fueled questions about the company’s future, Boeung Kak lake developer Shukaku Inc has launched a recruitment drive, calling for at least half a dozen architects, engineers and other employees. ... When contacted yesterday, Sok Heng Ly, an administrative employee listed in the ...

http://www.phnompenhpost.com/index.php/2012092858978/National-news/boeung-kak-lake-developer-makes-moves.html

Bokor development harms biodiversity

Two studies have found that development on Bokor Mountain in Kampot province is threatening some of the area's plant and animal species. The Sokimex Group has been granted development rights for the entire mountain and in May, the first of three hotels to be built ...

http://etmcambodia.com

Rain delays Kampot port construction

Construction of the US$100 million Kampot sea port had been further delayed by rain, materials not being available and incomplete preparations, a local investor revealed yesterday. Vinh Huor, president of the Kampot Special Economic Zone, (KSEZ) said of the delay: “We are preparing to be better, ...

http://www.phnompenhpost.com/index.php/2012092558887/Business/rain-delays-kampot-port-construction.html

Koomkin bank takes Camko City to court

The foreign commercial arbitration case between South Korean Kookmin Bank and World City Asset Management and World City, two real-estate development firms, has been received by the Cambodian Court of Appeals. World City Asset Management received a loan from Kookmin bank in Korea in 2007 to ...

http://www.phnompenhpost.com/index.php/2012092058819/Business/kookmin-bank-takes-camko-city-to-court.html

Luxury Hotel Resort Threatens Bokor Mountain's Biodiversity

An ongoing project to build hotels, luxury villas and a casino on Kampot province's Bokor Mountain is a threat to the area's unique animal and plant species, according to two new studies. Local conglomerate Sokimex Group has been granted property development rights on the entire mountain, ...

Construction sector investment soars

Investment in the Cambodian construction sector reached US$1.38 billion in the first seven months of 2012, an 85-percent rise over the same period last year, according to figures from the Ministry of Land Management, Urban Planning and Construction. During the January to July period this year, the ministry ...

http://etmcambodia.com

A national car for Cambodia

UK-based BIW automotive company on Friday signed a US$2 billion join venture investment with ACICA Automotive (Cambodia) to build a factory in Preah Sihanouk province for a Cambodian-made vehicle within the next three years. The agreement was made between BIW’s director Robin Bowyer and ACICA’s Group ...

http://www.phnompenhpost.com/index.php/2012091758751/Business/a-national-car-for-cambodia.html

Eviction fears grow at lake

Villagers living in raised houses on the capital’s Boeung Tumpun lake fear their eviction is on the horizon as sand pumping increases at the site, they said yesterday. ... In recent months, heavy machinery has been at work at the Boeung Tumpun site. Sand pumping has ...

http://www.phnompenhpost.com/index.php/2012091758736/National-news/eviction-fears-grow-at-lake.html

Construction Projects Surge This Year

Total investment in new construction projects reached $1.53 billion through the first  eight months of the year, a 73.96 percent improvement compared to the same period last year, according to data released yesterday by the Ministry of Land Management, Urban Planning and Construction. Though the number of permits ...

Investment in Cambodia's construction up 85 pct in 7 months

Construction sector had attracted the investment of $1.38 billion in the first seven months of 2012, a 85 percent rise from $747 million at the same period last year, a report from the ministry of land management, urban planning and construction showed on Monday. During the ...

http://www.globaltimes.cn/content/732180.shtml

Construction spend nears $1bn

The total value of approved construction projects in the Kingdom soared 97 per cent year-on-year through September, according to official figures, reaching nearly US$1 billion. The number of projects fell to 1,689 for the first nine months of 2011, down from 1,718 in the same period ...

http://www.phnompenhpost.com/index.php/2011110152452/Business/construction-spend-nears-1bn.html

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