Capital investment in the Kingdom’s construction sector in the first nine months of this year fell 9.6 per cent to $5.868 billion from $6.494 billion in the year-ago period, the Ministry of Land Management, Urban Planning and Construction reported.
The third quarter of this year saw the addition of 828 units to Phnom Penh’s condominium supply, raising the total 3.97 per cent quarter-on-quarter to 21,679, a research report from real estate service provider CBRE Cambodia said.
Local company Overseas Cambodian Investment Corp Ltd (OCIC) on Monday announced plans to spend a total of $2.5 billion to develop the Koh Norea peninsula in southeastern Phnom Penh into a new satellite city.
Cambodian-French luxury villa development joint-venture Forest Harmony Co Ltd on Saturday announced the soft launch of the second phase of a development project in southwestern Kampot province which comprises a golf course and a condominium.
The locally-owned Urbanland Asia Investment Co Ltd on October 5 launched the Chankiri Palm Creek gated-community project just south of Phnom Penh with units planned to be made available for sale next year.
To tap into what was once a growing number of foreign tourists – particularly Chinese nationals – the Prince Huan You Real Estate Cambodia Group Co Ltd built its Prince Mall in Sihanoukville.
Real estate transactions in Cambodia’s land division projects remain in jeopardy more than nine months on since the onset and spread of Covid-19, experts have said.
A local and Chinese joint-venture – Gold Coast International Development Co Ltd – plans to invest nearly $25 million in the construction of a mixed commercial centre in Kampot province, a coastal area with potential for tourism and real estate.
The People’s Committee of the central coastal city of Da Nang has approved plans for a 36-hole golf course by property developer VinaCapital Group.
From India to Cambodia to the far-flung archipelago of Micronesia, Singaporean firms in the built environment sector are strengthening the republic’s brand around the world through a range of construction projects.