Construction boom elevating lift demand

Oct 18th at 08:31
18-10-2019 08:31:59+07:00

Construction boom elevating lift demand

The Kingdom’s booming construction sector, particularly in Phnom Penh’s high-rise and condo developments, is raising demand for lifts, suppliers have said.

Data from the Ministry of Land Management, Urban Planning and Construction shows that during the first nine months of this year, the government approved construction projects worth $6.49 billion, a 34 per cent year-on-year increase.

Of those, 329 buildings were five storeys or more.

Taing Kork, a lift installation contractor who has been in business for one year, said on Thursday that his company has mostly installed units in the capital’s condo projects.

“We have installed at least two units per month and I think that demand will continue to increase,” he said.

A sales representative from K&K Life, a lift supplier in Phnom Penh, who asked not to be named, told The Post on Thursday that demand has seen a sharp increase in recent years due to progress in the construction sector.

He noted that skilled labour is urgently needed to meet the construction boom.

“The most important thing is that companies [in the industry] take the utmost responsibility in dealing with human lives.

“Therefore our lifts and those who install them must be up to quality standards – we must provide a good service so that everything runs smoothly,” he said, adding that his company mostly imports lifts from Greece.

Po Sok Kea, director of lift importing and servicing firm Fuji Elevator (Cambodia) Co Ltd, told The Post on Thursday that “we are currently seeing more construction of high buildings, which need to be fitted with lifts”.

However, his company’s business has slowed on last year as many high-rise projects have been put on hold, Sok Kea said.

He said his firm only sold some 100 units in the first nine months of this year, a 20 per cent decrease on the same period last year.

phnompenh post



NEWS SAME CATEGORY

Rising land transactions buoy remittances from Cambodians

The volume of land transactions continues to grow in Phnom Penh’s satellite areas and is attracting Cambodians working abroad, a survey from real estate brokerage...

Cambodia’s mortgage rates slide as housing sector booms

Increasing housing development projects in Cambodia and growth in their demand over the past few years have led to the Kingdom’s financial institutions introducing...

PP condominium demand set to grow

Living in condominiums in Phnom Penh will become more popular over the next five years as flat constructions are expected to move farther away from the city centre...

B2B Park set to open in first quarter of next year

The international-standard commercial and exposition centre B2B Park is set to open in the first quarter of next year.

PP Mega Mall reels in businesses

The Phnom Penh Mega Mall has gained a lot of attention from businesses looking to open a shop there, said CBRE Cambodia.

Vue Aston building set to break ground in the fourth quarter

The $1 billion, 39-storey Vue Aston building is set to begin construction in the fourth quarter of this year and be completed in 2022.

CDC okays two S’ville hotels

The Council for the Development of Cambodia (CDC) last week approved two Chinese-invested hotel projects in Sihanoukville worth $379 million, it said in a Facebook...

New Chinese-backed PP mall to open in December

A three-storey Chinese-backed mall in the capital will officially open in December this year, according to a company announcement on Thursday.

Naga3 project to commence construction next month

The Naga3 development project that’s on the site of the former “White Building” in Chamkarmon district’s Tonle Bassac commune in Phnom Penh, is set to commence...

Sovanna centre set for September renovations

Sovanna Shopping Center, whose investor is Pung Kheav Se, chairman and director at real estate developer Overseas Cambodian Investment Corporation, is scheduled for...


MOST READ


Back To Top