Chinese to help finish Gold Tower 42 by 2019

Source: Phnom Penh Post

Company officials sign a deal to finish Gold Tower 42. Siv Meng

Yunwoo signed an agreement with two Chinese companies yesterday to finally restart the construction of the Gold Tower 42 project, with a new completion date set for the end of 2019.

Speaking to the press at the end of the signing ceremony, Kim Tae Yeon, general director of Yunwoo, said construction will resume next year.
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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

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

Olympic-size walkway

Source: Phnom Penh Post

Plans for a walkway within the Olympia City development project. Photo supplied

Construction crews will break ground this weekend on a new walkway overpass alongside Olympic Stadium as part of the Olympia City development project. The Overseas Cambodian Investment Corporation (OCIC) and a municipal crew will begin work on the walkway, which will be at a five-way intersection where Charles de Gaulle Boulevard and Oknha Tep Phan Street meet.
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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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