Trendy commune Boeung Keng Kang 1 is now home to the latest residence in town. Platinum Bay, a 32-storey condo, has officially opened the doors to its 222-unit building. While finishing touches will be complete by the end of May, buyers have already started to move in – although the number is paltry. At present, only 10 units are occupied.
Phnom Penh is currently preparing to host The World Economic Forum on ASEAN 2017. It is the first time Cambodia will have hosted the group, which is made up of some of the world’s most influential leaders from the world of politics and business.
A high-end food, beverage and entertainment precinct loosely modelled after Singapore’s popular nightlife destination Clarke Quay is set to make its mark on Phnom Penh with the hopes of putting it on the tourist map.
Cambodia’s second InterContinental Hotel is advancing works on its $77 million project in Sihanoukville.
Investment capital in Cambodia’s construction industry is off to a dwindling start this year, falling 22.1 percent at the end of the first quarter compared with the same period last year.
Big changes are coming to the PropertyGuru Asia Property Awards series, which is expanding in 2017 to include categories for promising markets such as Mongolia, Laos, Sri Lanka, India and the Maldives.
As materials essential for construction, such as different types of wood, continue to rise in value, savvy homeowners and businessmen are turning their attention towards demolishing and rebuilding rundown wooden houses using concrete and steel foundations while also seeking a small profit out of re-selling leftover wood.
In a country steeped in historical treasures of a culture that ps across two millenia, ancient relics, temples and monasteries have been victims to looting, civil war, the wear and tear of time, and ignorance.
Sitting on the porch of her classical house which was left from the French colony period, Prum Angkim is occupying herself with her daily evening repose while she takes in the view of the Psar Nat market – the biggest historical building in Battambang city.
At the official inauguration of the Hun Sen Boulevard on Monday, the prime minister proudly and publicly acknowledged the go-ahead for the Thai Boon Roong Twin Trade Center – the 133-storey twin skyscrapers that, when announced in February last year, was largely doubted by industry experts and the public alike.