Government to expand National road 3, 4

Source: Phnom Penh Post

The expanded roads will allow for more development and easier transport of people and goods. Hong Menea

The Cambodian government is planning to expand National Roads 3 and 4 in 2018, either before the election or after it, according to Nou Vattanak, spokesman for the Ministry of Public Works and Transport.

Vattanak said that a Chinese company is in charge of construction for the project, while the Chinese firm Wan Ann will serve as a technical consultant. National Road 3 will be expanded by two lanes from the Cham Chao roundabout to the Bay Kous area. Continue reading

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OCIC begins work on Chroy Changvar satellite city

Source: Phnom Penh Post

A bridge under construction over the Tonle Sap. Moeun Nhean

OCIC unveiled plans this week for their “City of the Future” satellite city in Chro Changvar featuring a commercial center and a mixed-use housing development.

Touch Samnang, CEO of OCIC, said the company is currently constructing the foundation for the 20-storey commercial center. Next year, the company will start on the apartments, office space and mall portion of the development. Continue reading

Industry expo for building sector to be biggest yet

Source: Phnom Penh Post

A visitor admires a model of a condo development at last year’s expo. Moeun Nhean

This year’s Cambodia Construction Industry Expo looks set to be bigger than ever, with up to 300 stallholders slated to attend.

The exhibition showcases the latest technology, materials, and equipment in the construction sector, with some of the top names in the industry in Southeast Asia getting ready for the three-day event, which starts on December 30 and runs for three days at the Diamond Island Convention and Exhibition Centre in Phnom Penh.
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Military officer guilty of fraud

Source: Khmer Times

Lieutenant Colonel Ouk Rann is sentenced to six months for a fraudulent land sale. KT/Seng Siphan

Phnom Penh Municipal Court yesterday sentenced a military officer to six months in jail for cheating a real estate associate out of $60,000.

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Locals like living the condo high life

Source: Phnom Penh Post 

The view from one of Phnom Penh’s new condominium developments. Local people moving out of older accommodation like the panoramas as well as the extra security. Moeun Nhean

The current generation of Cambodians are the first to move out of shop houses and stilted village properties. They’re moving into condos and apartments in the capital and elsewhere in ever larger numbers. Post Property visited some recent buyers to find out how they like their new life.
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Underground parking being developed in city

Source: Khmer Times

Freedom Park. KT/Mai Vireak

Phnom Penh City Hall’s spokesman yesterday said that three private companies were preparing to build underground carparks from Freedom Park to the Old Market Park in Daun Penh district to ease traffic congestion caused by vehicles parked along roadways.

Spokesman Met Meas Pheakdey said that the first carpark was being built by the OCIC company, the second by a Vattanac Bank company and the third by a company from Malaysia.

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Investors file complaint over failed Borey housing project

Source: Khmer Times

People who have invested in the development have little faith of having their deposits returned. Supplied

More than 100 families filed a complaint to the Beong Keng Kong 1 commune chief yesterday after protesting outside a Borey development company’s head office over its failure to uphold contracts to build homes.

The families deposited $8,000 to $10,000 for the $20,000 homes to be built in a Borey in Dangkor district’s Prey Veng commune.

But construction has still not started and the families are demanding a refund from Bun Chan Krensa and his eponymous company.

Sok Srey Ron, a villager who was cheated, said most of the investors bought into the development after seeing its advertisements on Facebook.

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