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.
Dara-sina Broker Co Ltd’s $1.53 million open-air commercial centre was officially inaugurated in Preah Sihanouk province on Friday, in what a real estate insider described as a sign of the coastal province’s economic return to form.
South Korean-owned Booyoung Khmer II Co Ltd on Wednesday launched sales of its Borey Sensok Booyoung gated-community project in the capital’s western Sen Sok district.
Land prices in Phnom Penh have seen the slowest growth in a decade due to the Covid-19 pandemic, according to a survey by real estate firm CBRE Cambodia.
Long known as an industrial zone that generates tens of thousands of jobs, the capital’s Veng Sreng area will welcome a new entrance of an attractive mix of much-loved homegrown brands and international retailers, and a variety of dining options.
The total outstanding loans extended to the real estate and construction sector by banking institutions in Cambodia amounted to nearly $7.69 billion as of the end of the first half of this year, the National Bank of Cambodia (NBC) said in its Semi-Annual Report 2020 released on July 8.
The prolonged decline in international arrivals to Cambodia intensified by renewed Covid-19 fears has driven down condominium sales prices and rental rates in Phnom Penh, a research report said.
Capital investment in the construction sector climbed 13.26 per cent year-on-year to more than $3.84 billion in the first half of this year, the Ministry of Land Management, Urban Planning and Construction said in a report.