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Showing posts with label Cambodia. Show all posts
Showing posts with label Cambodia. Show all posts
Sunday, March 3, 2013
Cambodia hotel market booming
Last Updated on 20 February 2013
- By Laura Walters
Raffles Hotel Le Royal in Phnom Penh. Photograph: Wesley Monts
The hotel sector in Cambodia had a positive year in 2012 and rates and room numbers are set to increase this year and next.
A new report from property agents CBRE says tourism accounted for 9.7 per cent of Cambodia’s GDP in 2012, a rise of 5.5 per cent from 2011. Investment in the tourism sector has increased by 16.7 per cent year on year, and total foreign arrivals increased by a massive 24.8 per cent year on year, with business arrivals seeing the greatest increase, at 47 per cent.
The Phnom Penh luxury hotel market “significantly benefitted from the presence of the ASEAN summits,” in April and November, which CBRE said brought over 1,000 delegates and international press into the city.
Café society competition hots up
Last Updated on 20 February 2013 By Laura Walters
Local and foreign business owners seem to be jumping on the bandwagon in light of the success of the western-style cafes which seem to dot every street corner of Boeung Keng Kang 1 district.
However local real estate experts say not all of the air conditioned, latte-serving hangouts can survive in the area, despite the growth of the market.
Local and foreign business owners seem to be jumping on the bandwagon in light of the success of the western-style cafes which seem to dot every street corner of Boeung Keng Kang 1 district.
However local real estate experts say not all of the air conditioned, latte-serving hangouts can survive in the area, despite the growth of the market.
Asia Real Estate Cambodia Vice President Kuek Narin said the area, which is known as Phnom Penh’s main expatriate area, has experienced rapid growth over the past seven years.
Kampot land prices stable
28 February 2013 By Siv Meng
Property experts said the land prices in Kampot province have been “stable” in early 2013 despite trading more actively than last year.
Nuon Rithy, managing director at the Bonna Realty Group, said the trading of land in Kampot province is quiet and nothing changes much because there are no nice beaches for attracting tourists.
Property experts said the land prices in Kampot province have been “stable” in early 2013 despite trading more actively than last year.
Nuon Rithy, managing director at the Bonna Realty Group, said the trading of land in Kampot province is quiet and nothing changes much because there are no nice beaches for attracting tourists.
“If there are many tourists visiting Kampot province, there will be much development like building and hotel construction, and then the property prices may rise”, he said. “The province is an eco-tourist area and has the special economic zone to help spur industry, but the special economic zone is not yet under way.”
Foreign investment in Cambodia’s property rises
28 February 2013 By Siv Meng
Property experts say foreign companies are coming to invest in Cambodia’s property sector, as they see the growth and potential of the Kingdom.
Sung Bonna, director of Bonna Realty Group, said that the number of foreign companies in the sector has grown, and most are from South Korea, Japan, China, Singapore and Malaysia.
Chinese companies started their investments earliest, while other foreign companies have been studying and doing research about Cambodia before investing here.
Property experts say foreign companies are coming to invest in Cambodia’s property sector, as they see the growth and potential of the Kingdom.
Sung Bonna, director of Bonna Realty Group, said that the number of foreign companies in the sector has grown, and most are from South Korea, Japan, China, Singapore and Malaysia.
Chinese companies started their investments earliest, while other foreign companies have been studying and doing research about Cambodia before investing here.
“The property investment companies growth rose a little bit during 2011-212 as it grew better during 2012 and early in 2013”, Bonna said, “After Cambodia hosted the Asean Summit, with world leaders joining the meeting, we see the inflow of foreign investors into Cambodia, but some of them, at the moment, have been doing research and considering about the possible investment in Cambodia”.
Tuesday, August 28, 2012
Camko City restarts as banking scandals drop
Phnom Penh Post
Two men on a motorcycle pass the Camko City development in Phnom Penh in March. Photograph: Hong Menea/Phnom Penh Post
World City Co Ltd, the company behind Camko City, has resumed the construction of retail space and parks, according to Kheng Ser, assistant to the company’s Chief executive, Lee Sang-ho.
He said residential space was nearly sold out, but could not confirm a completion date for the first phase of the project.
“We do not know when it will be completed. That depends on our investment partners,” Kheng Ser said.
He declined to name the partners, citing a non-disclosure agreement.
In a recent statement issued by World City, the company said all charges involving Lee Sang-ho had been dropped.
“In the end, the Korean appellate court has finally ruled not guilty to Mr. Lee Sang-ho on the rumours by the media,” the statement read.
Local media have reported that Lee Sang-ho and Korean business leader Lee Tae-hwan, also connected with loans from the now-bankrupt Busan Savings Bank, are still serving suspended sentences on embezzlement charges.
Kheng Ser denied that Lee Sang-ho had been convicted of embezzlement charges and said all charges had been dropped.
The New Siem Reap International Airport (NSRIA), originally financed by the Korean bank, has missed two projected ground-breaking dates since April.
Tek Reth Samrach, chairman of the $1 billion project’s steering committee, acknowledged the tardiness of NSRIA Co Ltd.
“They have submitted documents but have not started yet. We must give them more time on such a big project,” he said.
NSRIA CEO Lee Tae-hwan was acquitted of malpractice charges last week, according to local media.
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Original post: http://www.phnompenhpost.com/index.php/2012082858313/Business/camko-city-restarts-as-banking-scandals-drop.html
Monday, May 7, 2012
China Exim Bank to put $235m in steel, media
May Kunmakara
Monday, 07 May 2012
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The Export-Import Bank of China (Exim Bank) planned to invest US$235 million in two Cambodian mega projects, one of which was the modernisation of a TV station that one analyst said might not be necessary given the country’s level of development.
During a meeting with Prime Minister Hun Sen on Friday, Exim Bank Vice President Zhu Xinqiang said the bank would look to invest in a steel refinery and a digital TV project, according to Hun Sen’s adviser Eang Sophallet.
“The first project, a digital TV station investment, the company will come to invest with a local, private-owned TV station to modernise the TV system [in Cambodia] digitally, with a phone and internet system,” Eang Sophallet said. “The second project is a steel refinery plant that will import raw material from abroad. [It would] supply Cambodia as well as the region.”
Hun Sen answered Zhu Xinqiang’s call for support on the projects, saying they were much needed in the country, according to Eang Sophallet.
A timeframe for the investments was not disclosed.
As Cambodia takes on more investment from China, analysts have noted the risks of reliance, especially in the media sector, on investment from surrounding countries.
“Any association coming from these authoritarian regimes is suspicious,” Lao Mong Hay, an independent political analyst, said of investment from China and Vietnam. “They could have an influence on our people.”
Lao Mong Hay stressed the importance of local investment in the media sector, and questioned Cambodia’s need for digital TV programming given the country’s current state of development.
In early February, the Cambodian government signed a loan package of $302 million with Exim Bank for road and irrigation projects, in addition to a $198.2 million loan received in August 2010.
To contact the reporter on this story: May Kunmakara atkunmakara.may@phnompenhpost.com
From: http://www.phnompenhpost.com/index.php/2012050756004/Business/china-exim-bank-to-put-235m-in-steel-media.html
Monday, 07 May 2012
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The Export-Import Bank of China (Exim Bank) planned to invest US$235 million in two Cambodian mega projects, one of which was the modernisation of a TV station that one analyst said might not be necessary given the country’s level of development.
During a meeting with Prime Minister Hun Sen on Friday, Exim Bank Vice President Zhu Xinqiang said the bank would look to invest in a steel refinery and a digital TV project, according to Hun Sen’s adviser Eang Sophallet.
“The first project, a digital TV station investment, the company will come to invest with a local, private-owned TV station to modernise the TV system [in Cambodia] digitally, with a phone and internet system,” Eang Sophallet said. “The second project is a steel refinery plant that will import raw material from abroad. [It would] supply Cambodia as well as the region.”
Hun Sen answered Zhu Xinqiang’s call for support on the projects, saying they were much needed in the country, according to Eang Sophallet.
A timeframe for the investments was not disclosed.
As Cambodia takes on more investment from China, analysts have noted the risks of reliance, especially in the media sector, on investment from surrounding countries.
“Any association coming from these authoritarian regimes is suspicious,” Lao Mong Hay, an independent political analyst, said of investment from China and Vietnam. “They could have an influence on our people.”
Lao Mong Hay stressed the importance of local investment in the media sector, and questioned Cambodia’s need for digital TV programming given the country’s current state of development.
In early February, the Cambodian government signed a loan package of $302 million with Exim Bank for road and irrigation projects, in addition to a $198.2 million loan received in August 2010.
To contact the reporter on this story: May Kunmakara atkunmakara.may@phnompenhpost.com
From: http://www.phnompenhpost.com/index.php/2012050756004/Business/china-exim-bank-to-put-235m-in-steel-media.html
Friday, April 27, 2012
LYP Group to build new satellite city
rendering of the city
The city will include many buildings and public facilities such as:
- Cambodia Tower
- Modern Art Cultural center
- Waterfront park
- Hotels/Condo/Mix-uses
- Golf Course
- Garden Square Park
- Local commercial & service apartments
- Transportation Center
- The safari world (it's unofficially said it will be moved from Koh Kong Safari world)
- Industry Park- Truck Parking
- Electrical Station
- Lifestyle community mall
- Pump Station
- Tonle Sap Port
- The garden city bridge
- Wholesales center
- West-square park
- China Town District
- Modern Trade shopping center
- Waterfront promenade
- Convention Center
- Research & Education center
- Phnom Penh Central Park
- Shopping Center
- Mekong Port
- Local Market
- Recreation Center (outdoor + indoor)...
City Master plan
The first China town in Cambodia
Modern and eco-friendly Industrial Park
The safari world (it's unofficially said it will be moved from Koh Kong Safari world)
New bus terminal to be built in the city
Source: lypgroup.com
Tuesday, March 20, 2012
គំរោងព្រលានយន្តហោះខេត្តសៀមរាបនៅតែបន្ត
យើងខ្ញុំមិនទទួលខុសត្រូវលើកំហុសអក្ខរាវិរុធ និងអត្ថន័យនោះទេ។
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Thursday, March 1, 2012
We are growing
Projects Cambodia is 2 months old now. We are growing rapidly and become a community of real estate, architects, builders.... on Facebook. However, we are not satisfied enough we want to grow more than a blog. We are seeking for contribution from all of you. You can help us writing content on real estate, architectural design, engineering..... We are happy to work with you.
Today, we have launched a small survey and we will have more in the future. We want to know what field our readers and fans are in. Please you kindly help answer the question on the Facebook by following this link https://www.facebook.com/questions/186509851451645/. If you want to question, please kindly click on the message button on bottom of our Facebook page cover. Thank you!
Today, we have launched a small survey and we will have more in the future. We want to know what field our readers and fans are in. Please you kindly help answer the question on the Facebook by following this link https://www.facebook.com/questions/186509851451645/. If you want to question, please kindly click on the message button on bottom of our Facebook page cover. Thank you!
Thursday, February 16, 2012
Investment jumps 159%
Phnom Penh Post
May Kunmakara
Thursday, 16 February 2012
The total approved investment jumped about 159 per cent year-on-year in 2011 to US$7.021 billion from $2.7 billion the year before, official data from the Council of the Development of Cambodia (CDC) showed.
The tourism, industry and agricultural sectors saw dramatic increases, 1,993.57 per cent, 203.48 per cent, and 31 per cent respectively, the data showed. It showed total investment in the tourism sector reaching $2.760 billion with 8 projects, up from $132 million the year before.
Industry attracted $2.869 billion with 113 project, of which 78 were in the garment sector, compared to $945 million in 2010.
The agricultural sector with 24 projects took in $725 million compared to $554 million in 2010, according to the data.
May Kunmakara
Thursday, 16 February 2012
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Heng Chivoan/Phnom Penh Post People walk on a beach near the bridge to Koh Puos, the site of a large-scale tourist development, in Preah Sihanouk province in July last year. |
The tourism, industry and agricultural sectors saw dramatic increases, 1,993.57 per cent, 203.48 per cent, and 31 per cent respectively, the data showed. It showed total investment in the tourism sector reaching $2.760 billion with 8 projects, up from $132 million the year before.
Industry attracted $2.869 billion with 113 project, of which 78 were in the garment sector, compared to $945 million in 2010.
The agricultural sector with 24 projects took in $725 million compared to $554 million in 2010, according to the data.
Sunday, February 12, 2012
OUTLOOK OF CONSTRUCTION SECTOR IN 2012
Back in 2007 and 2008, in the capital city of Cambodia, we could see that constructions of buildings, skyscrapers and city developments are very active.
The advertisements of the skyscraper and city development projects were seen every day on local magazines, newspapers and televisions.
Saturday, February 11, 2012
Cambodia’s Developers Again Aim at Stars
By PATRICK BARTA
PHNOM PENH—Cambodia’s low-rise capital city is reaching for the sky—again.
Long known as one of the last major Asian cities without a skyline, Phnom Penh embarked on a high-rise building boom in the middle of the last decade, only to see it derailed by the global financial crisis of 2008 and 2009. Although a few tall buildings were completed, including a 32-story bank tower, other ambitious projects—like an 1,820-foot skyscraper that would have been the tallest in Asia at the time and among the tallest buildings in the world, behind Dubai’s 2,717-foot Burj Khalifa—never got off the ground.
Read more>>
PHNOM PENH—Cambodia’s low-rise capital city is reaching for the sky—again.
Long known as one of the last major Asian cities without a skyline, Phnom Penh embarked on a high-rise building boom in the middle of the last decade, only to see it derailed by the global financial crisis of 2008 and 2009. Although a few tall buildings were completed, including a 32-story bank tower, other ambitious projects—like an 1,820-foot skyscraper that would have been the tallest in Asia at the time and among the tallest buildings in the world, behind Dubai’s 2,717-foot Burj Khalifa—never got off the ground.
Read more>>
Sunday, January 22, 2012
The Architect of Peace Building
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| Photo courtesy: PPP 7Day Photographer: Pha Lina |
In Cambodian society, people know buildings rather than their architects and the word architect is used and known by a small amount of people only. Some use the word "engineer" to call an architect instead. This is caused by public lack of understanding of the profession. Projects Cambodia is committed to raise public awareness of this profession.
Today Projects Cambodia would like to introduce a Cambodian young architect who have been responsible for a state large project. People know well about the Peace building which is bureau of the prime minister but only some people know who design it. Architect. Chea Bunseang was commissioned to design and manage the whole project. He was hired by Ly Chhoung Company as a principle architect and design manger. The Peace building project was completed in 2011 and Chea Bunseang left Ly Chhoung to open his own architectural firm under the name Bunseang architects and associates. He also worked as a studio lecturer in Panhasastra University of Cambodia.
Bunseang graduated from Royal University of Fine Arts's Faculty of Architecture and Urbanism in Phnom Penh in 1998. He worked on urban poor projects for a Non-profit sector from 1997-2000. Then he worked for United Nations Mission in East Timor(UNMET) as a volunteer for 2 years. His works in East Timor related to buildings and infrastructures. After that, He furthered his master degree in urban environmental management at AIT (Asian Institute of Technologies) in Bangkok, Thailand. On completion of his master degree, he worked at World Bank country office in Phnom Penh as a consultant. He then left Phnom Penh for New York in 2007 and work for an international architectural firm, Nobutaka Ashihara Associates (NAA). NAA is specialized in designing high-rise buildings, hotels, resorts and retail and residential projects in New York City and around the world. Then he returned to Cambodia and had chance to design the new Landmark of Phnom Penh. Bunseang has much experience in this sector.
Bunseang is a young and experienced Cambodian architect who is committed to create a modern, yet uniquely Cambodian, aesthetic in architecture. He once express his vision to the Phnom Penh Post and has been quoted that "Cambodia is going forward towards a civilized modern country, and society and will be growing up with tall buildings.".
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| Peace building which includes council of ministers office and international conference center |
Reference: BAA website, Phnom Penh Post 7Day archive
If you find mistakes in this post please inform us by leaving comment below.
Cambodia Tower in Vietnam?
Today, Chinese and Vietnamese people are celebrating their new year day and I found a special project to share with all of you on this new year. The project is designed by K&B corp, a Vietnamese design and construction company. The project is named Cambodia Tower but we do not know which part of Cambodia this projects have been building. According to discussion thread on Skyscrapercity.com, people are very confused about this project. A guy who is a member on that website provide a picture (second picture) that was shot in Vietnam and he claimed that the Cambodia Tower is in the territory of Vietnam. So why they name a tower in Vietnam Cambodia Tower? It is weird and the company website doesn't write anything besides their 3D pictures. anyone who knows about this projects please kindly share with us here! Thank you!
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| 3D rendering of Cambodia Tower |
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| Is this Cambodia Tower? |
Saturday, January 21, 2012
Angkor 3D animation
This is amazing animation created by Monash University and the University of Sydney. The movie tells the stories of how people in the ancient time live and the city looks like in that time.
All rights go to Monash University, being the creators of this amazing animation, based on factual studies and findings.
In this clip you will view:- City of Temples - Village Shrine - Residential - Living City - Major Canal - Waterways - Central Angkor - Rice Fields.
These animations depict what we know of landscapes and daily life at Angkor in 13th Century CE. Animations created collaboratively by Monash University and the University of Sydney. The Monash animation team would like to thank Roland Fletcher, Christophe Pottier, Martin Polkinghome and the Monash Faculty of IT. Also a big thank you to National Geographic for the Angkor Exhibition on the website and monthly issue.
(Youtube Description)
Thursday, January 19, 2012
EU compound
Here we've got some beautiful photos of EU compound. These 60s buildings were renovated very well. The renovation work was done by Archetype and construction by LBL international. The landscape was designed by Sala Landscape design, the only one landscape architectural firm in Cambodia. This renovated buildings look so beautiful and blends well with the new designed landscape. Please take a look at these photos. Thanks!
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| Photo courtesy: LBL international website |
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| Photo courtesy: LBL international website |
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| Photo courtesy: LBL international website |
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| Photo courtesy: LBL international website |
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| Photo courtesy: LBL international website |
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| Photo courtesy: Saladesign Cambodia Facebook |
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| Photo courtesy: Saladesign Cambodia Facebook |
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| Photo courtesy: Saladesign Cambodia Facebook |
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| Photo courtesy: Saladesign Cambodia Facebook |
Wednesday, January 18, 2012
Mekong Renaissance
Today, we have a post on another exciting urban skyscrapers project. We found it on GDS architects website. We do not have much info about this but we know that the developer is BIG Brothers Investment Group Co., Ltd. The project will be constructed in Phnom Penh city, somewhere along Mekong river but we don't know where is the exact location. We're sorry for the pictures because we captured from its flash-fomat website.
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| Do you know where? |
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| Port |
Project info:
Name: Mekong Renaissance
Developer: BIG Brothers Investment Group Co., Ltd
Area: 1300 Ha
Year of completion: 2020
Year of completion: 2020
Description: Mekong Renaissance is a large masterplan for the expansion of Cambodia's capital, Phnom Penh. Beginning with dredging and erosion control, the project sited on reclaimed waterfront land of the Mekong river. Program consists of a trade center/convention center, mix-use/u.e.c, marina, government complex, civic/hospital, residential, media zone (there is a word in front of media zone but we are not able to read it), educational, recreation, light industrial manufacturing/free economic zone, temporary and permanent port facilities.
Monday, January 16, 2012
Vann Molyvann calls on Cambodian engineers abroad to return home to help improve engrg. education and development: Are you ready to return?
This is another old article from The Phnom Penh Post archives. Please spend your few minutes to read it. Thanks!
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| Architect Vann Molyvann (Photo: Cambodge Soir Hebdo) |
Khouth Sophak Chakrya
The Phnom Penh Post
Veteran architect Vann Molyvann says Cambodian engineers working abroad should return home to help improve engineering education and development.
Though Cambodia has 180 engineers who have been certified by the ASEAN Federation of Engineering Organisations (AFEO), Vann Molyvann, the Kingdom's most famous architect, says there is much to be done to bring Cambodian engineering up to international standards.
"The shortage of facilities, materials, and especially well-experienced professors are the main problem for Cambodian students who want to become engineers," he told the Post on Sunday.
Vann Molyvann was at the forefront of the New Khmer Architecture movement that flourished under the patronage of then-Prince Norodom Sihanouk in the 1950s and 1960s.
He is responsible for many of Phnom Penh's most iconic structures, including Independence Monument and the National Sports Complex. Now 82 years old, he has worked abroad for much of his professional life, but resettled permanently in Cambodia in 1993.
Of 1,230 engineering graduates who took the AFEO exam this year, only 180 were certified, according to Prak Min, secretary general of the Board of Engineers, Cambodia (BEC). At a meeting on Thursday of the BEC, Deputy Prime Minister Sok An urged the group to train more engineers who meet AFEO requirements.
Prak Min said that Cambodian engineers compare favourably with those of other countries in the region, though he acknowledged that there is more work to be done.
Punching above its weight
Cambodia has more AFEO-certified architects than Laos or Myanmar, a number similar to Malaysia's, he said. Education and training issues, however, remain a challenge.
"Most of our students who graduate from engineering programmes need at least five to seven years of work experience before they can meet professional standards, but right now we have a shortage of jobs for them," Prak Min said.
He added that engineering students particularly need to improve their computer skills and their international language abilities, citing English and French in particular.
Civil society groups, Vann Molyvann argued, may play a role in reinvigorating Cambodian engineering.
Prior to the Khmer Rouge era, Cambodian students often took advantage of scholarships or government aid to study abroad - Vann Molyvann himself studied architecture in France.
But although increased international experience is one element that may improve the skills of Cambodian engineers, Vann Molyvann emphasised that domestic improvements, including the construction of new universities and the improvement of existing ones, would do the greatest good for the largest number of students. International donors, he said, should focus on these domestic projects as they work to address the education gap.
The architect added that Cambodia's turbulent past few decades have held back the development of engineering programmes.
Many of the Kingdom's most skilled professionals fled the country while the Khmer Rouge devastated most of the best Cambodian universities and training institutes, he said.
"In this situation, I call for all the Cambodian engineers who have fled abroad to please return to Cambodia to develop the craft and teach the people of the next generation to be skillful engineers like them," he said.
Sunday, January 15, 2012
CAMKO CITY IMPRESSIVE VIDEO
This is not a new video it was uploaded since 02 september 2009 but the video is quite impressive. It would be great if Camko will be like in this video. Nobody knows the future of CAMKO city since there was a massive corruption probe by a foreign bank which stay behind this $2 billion projects last year. Camko so far has completed its first phase but we cannot see any progress on the project. Do you know what's going on with this project? if you know please share it here!
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