Logo of Phnom Penh Post newspaper Phnom Penh Post - Construction sector keeps on building

Construction sector keeps on building

Construction sector keeps on building

The total value of construction project investment in Cambodia rose more than 100 per cent during the first half of 2013 compared with the same period a year ago, according to Im Chhun Lim, the head of the Ministry of Land Management, Urban Planning and Construction.

Lim, whose comments came at the opening of a three-day construction exhibition in Phnom Penh yesterday, said the value of the building sector reached nearly $2 billion from January to June, up from $870 million year-on-year.

“It has been noted that construction investment has increased sharply in the recent years. This means that we have a peaceful and good investment climate for the investors."

Pung Kheav Se, chairman of the Cambodia Constructors Association (CCA), said the sector is seeing growth through injections of local and foreign capital, and the funds will help the industry modernise and apply uniform standards.

“In Phnom Penh, we can see all kinds of modern high-rise buildings with quality high-tech equipment on a par with developed countries,” he said.

On Friday, Hong Kong-based Hongkong Land broke ground on a $100 million 20-storey building in the heart of the city near Wat Phnom.


  • Sihanoukville land prices skyrocketing amid breakneck development

    Sihanoukville, the Kingdom’s most famous beach destination for tourists, is seemingly becoming a paradise for Chinese investors as well. The huge influx of Chinese investors has caused property values to rise, especially the price of land, which has nearly doubled in some places near

  • US names new ambassador to Cambodia

    US President Donald Trump on Friday appointed W Patrick Murphy as the new US Ambassador to Cambodia, replacing incumbent William A Heidt. A press release posted on the White House’s website said nominee W Patrick Murphy is currently acting principal deputy assistant secretary at

  • Kingdom is at a crossroads between East, West after poll

    It was dubbed a success by caretaker prime minister Hun Sen after the electoral victory of his Cambodian People’s Party (CPP), which is poised to take all seats in the National Assembly. But the July 29 national election has not been positively looked at by


    Dear readers of The Phnom Penh Post, As Singapore celebrates 53 years of nationhood, we also acknowledge and honour the friendship and support of our regional and international partners and friends, without whom the Singapore Story could not have been written. ASEAN In particular, Singapore has