PHNOM PENH: By 2021, Phnom Penh’s market reached 95 condominiums or approximately 27,000 units. Condominiums supply in the capital is predicted to increase to 175, or 78,000 units, by 2025.… Read More »Condo supply to reach nearly 80,000 units in 2025
PHNOM PENH: The approval of a total of 999 construction project proposals decreased by 170 projects, equivalent to 14.5%, in the second quarter of 2022, including the decline in residential… Read More »Cambodia approves 999 construction project in the second quarter of 2022
PHNOM PENH: Jet Realty has signed MOU with doubledoor.io, a mobile APP and online real-estate listing vertical marketplace and a well-known online real estate marketplace that makes use of the… Read More »Sre Ambel potentially to become a city like Dubai
PHNOM PENH: The registration of information technology businesses or online business registration (OBR) has increased significantly. The largest industries are real estate and the automotive sector. This is according to… Read More »OBR hit nearly $5 billion in June and the estate stands the highest
PHNOM PENH: On August 31, 2022, the Cambodia Development Council (CDC) approved five investment projects totaling approximately US $ 82.7 million, which could result in the creation of hundred jobs.… Read More »5 investment projects worth nearly $100 million approved by CDC
PHNOM PENH: Chief Tower, an international mixed-use business center, is preparing to finish its planned construction by bringing an international hotel brand to Phnom Penh. Chief Tower is owned by… Read More »Phnom Penh to see a new 40th-floor high mixed-used building
PHNOM PENH: The country’s political stability and social security in while development in all fields, both domestic and foreign investment in the construction sectors has been strong and has contributed… Read More »Cambodia’s construction investment reached $31 billion in five years
AKP Phnom Penh, August 24, 2022 —
The Ministry of Land Management, Urban Planning and Construction has issued 2,000 construction permits with a total investment value of US$1,206 million in the first half of this year.
The registered construction sites covered a total area of 2.8 million square metres, according to the ministry’s report released at a press conference held here on Wednesday by the Royal Government Spokesperson Unit.
China is the leading investor in construction and real estate sectors in Cambodia, followed by South Korea, Japan, and Thailand, said the ministry’s Secretary of State H.E. Ly Rasmey.
Political stability and social security in Cambodia have made significant progress in the construction sector which has played an important part in the economic development, fulfilling the basic objectives of social development by creating a lot of jobs for the people, he said.
“The construction sector has significantly contributed to the country’s economic development,” he said.
Construction is one of the four pillars supporting the Kingdom’s economy. Three other sectors are garment export, tourism and agriculture.
According to the Ministry of Land Management, Urban Planning and Construction, from 2000 to June 2022, Cambodia had granted licences to 57,590 construction projects across the country with a total investment capital of US$66.2 billion.Read More »US$1.2 Billion-Worth Construction Projects Approved In H1
PHNOM PENH, Cambodia (August 25, 2022) – Hyatt Regency Phnom Penh is nurturing the next generation of Khmer hospitality personnel via a new collaboration with Cambodia’s National Institute of Entrepreneurship… Read More »Hyatt Regency Phnom Penh Helps Nurture next generation of Hospitality Stars
PHNOM PENH: Despite the presence of many high-rise buildings in Phnom Penh, Canadia Tower remains the first A-level and high-rise office building in the city center, attracting national and international… Read More »Canadia Tower: Phnom Penh’s iconic skyscraper
PHNOM PENH: A Singapore-based developer, AKRAM Development Co., Ltd, has announced plans to build a high-end luxury building on more than 3.5 hectares of land purchased from OCIC. The agreement… Read More »Koh Nora to welcome another $150 million’s real estate project
