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.
While the Kingdom sees the annual provincial voyage undertaken by thousands of Cambodians travelling back to their hometowns in the upcoming Khmer New Year, industry experts are predicting the increase of property transactions when the dust settles.
Two men stood to the side of Norodom Boulevard crossing with Street 294, gesticulating wildly while their bikes lay immobile near the middle of the junction. As a small crowd began to gather on the sidewalk watching the drama unfold, a policeman acting as a traffic controller blew hard into his whistle in an attempt to direct the tumultuous four-way traffic, made even more chaotic by the accident.
Different countries have different natural resources that can be honed into everyday use. Like Sierra Leone, Uganda, and other African countries have their rammed earth, or better known as clay, Cambodia has its bamboo.
On Tuesday, two more buildings in the series of buildings in the Morodok Techo National Sports Complex commenced construction at a groundbreaking ceremony presided over by Prime Minister Hun Sen.