Approved construction investments up 30 per cent in 2015

Investment in the construction industry in 2015 amounted to $3.3 billion – a 33.14 per cent increase from the same period in 2014, which was only $2.5 billion. Seng Lot, spokesperson for the Ministry of Land Management, Urban Planning and Construction (MLMUPC) said on Tuesday that there were over 2,305 approved projects in 2015 measuring… Read more »

Hun Sen to Approve New Skybridges and Underground Roads

Prime Minister Hun Sen has given two more skybridges, two more underground roads and the airport express way a tentative green light during the inauguration of the newly named “January 5 Skybridge”. By voicing approval, the prime minster replied to a proposal from Phnom Penh City Hall in a bid to reduce the growing problem… Read more »

Investors Hungry to see Phnom Penh Master Plan

Up until this week, local developers and real estate agents have yet to recieve any detailed infomation concerning the “Phnom Penh Master Plan” that city hall announced in early December. Most development companies, other relative institutions and businesses are eager to see and study this official guideline for the future of the city. Phou Sambath,… Read more »

Office Space Development Predicted to Dominate 2016

 If 2015 was the year of the condominiums, 2016 will be the year of prime office space developments, according to Sharon Liew, CEO of Huttons CPL. While condominium supply surges by almost 1000 per cent by 2018, the scheduled increase in office space supply only counts for 68 per cent. Just as the condominium market… Read more »