📺 Cambodia Construction and Property News (ព័ត៍មានសំណង់និងអចលនទ្រព្យប្រចាំសប្តាហ៍) 31 August 2019


Hello, welcome to Construction & Property weekly news. Every week, we bring hot news regarding
construction and property in Cambodia to you. With no further delay, let’s go to the news contents of this week. Sihanoukville sewage masterplan and drainage system cost
US$170 million Construction of stores along Sihanoukville beach permitted to
attract tourists Mortgage applications in Cambodia see sharp drop in Q2 2019 Work on NR10 connecting Cambodia-Thai
border to Sihanoukville to start soon Most upscale luxury condominium Sky Villa set to complete in 2020 Sihanoukville sewage masterplan and drainage system cost
US$170 million The Ministry of Public Works and Transport
held an inter-ministerial meeting on 23 August for final discussions on the result of the feasibility study
of sewage masterplan and drainage system in Sihanoukville which cost approximately US$170 million. The masterplan includes the construction of four treatment
plants, 157km of main pipeline, 65km of sub-pipeline, and 210km of local-pipelines. This new system will be capable of treating up to
40,000 cubic metres of wastewater per day by 2021 and up to 60,000 cubic metres by 2030. The master plan will be implemented in three phrases from 2019-2030. The estimated cost for the first phase is about US$143 million. H.E. Sun Chanthol said that lower capability in our
existing treatment plant is our biggest challenge. That is why we must implement this masterplan as soon as possible. He added that this project will be the first
mega sewage system in Preah Sihanouk province using a mechanical system. Regarding the drainage system, the government will need about US$25 million
to build a 20-kilometre drainage system. Construction of stores along Sihanoukville
beach permitted to attract tourists In a 15 August meeting between the governor and beach vendors, the National Committee for Coastal Management and Development has issued a design layout for 44 stores for
beach vendors on Ochheuteal Beach in Sangkat 04. H.E Kuoch Chamroeun said that the beach committee has designed a store layout
for vendors to build according to the new design that is aesthetically appealing to the tourists and technical officers are ready to help
facilitate so construction can go smoothly. In addition to the new design layout, H.E Kuoch Chamroeun also said that the
administration will also set up a wastewater system so that Ochheuteal Beach becomes one of the
most popular tourist spots in Sihanoukville. Mortgage applications in Cambodia see sharp drop in Q2 2019 The recently published Consumer Credit Index
Report Compiled by the Credit Bureau Cambodia shows that mortgage applications in Cambodia saw a
sharp drop of nearly 40% in the second quarter of 2019 compared to the previous quarter. Consumer credit applications comprises of
personal finance, credit cards, and mortgage. Mortgage applications saw a steep decrease
of 36% across all regions in the country however, Kampot, Koh Kong, Sihanoukville, and Kep seeing the sharpest decrease of 49%. Meanwhile, as of June 2019, the number of
consumer credit accounts across the country reached up to 1.19 million. Work on NR10 connecting Cambodia-Thai
border to Sihanoukville to start soon Construction work on National Road No.10 connecting
the Cambodia-Thai border to Sihanoukville is set to start soon to help facilitate
travel and the transportation of goods. Speaking during a ground-breaking ceremony
on a road in Sihanoukville on 20 August H.E Sun Chanthol said that National Road No.10 will connect the Samlaut area
of Battambang as a corridor to Pursat to Koh Kong and then to Sihanoukville through National Road No. 48. The government has to date been working on a
loan request to the People’s Republic of China for the construction of this road. he new route will reduce traveling time and especially reduce the cost of logistics which is currently quite high. Most upscale luxury condominium Sky Villa set to complete in 2020 The ultra-luxury condominium Sky Villa sitting near the Olympic Stadium, is set to complete construction in 2020 which will deliver more than 250 big size
units into the Phnom Penh condominium market. This two 35-storey residential towers are developed and managed
by China based real estate developer GreatView Investment Pte Ltd and real estate developer MCC Singapore. Mr Tan Zhiyong, Chief Executive Officer of MCC Singapore said that Sky Villa represents the good relation between Cambodia, Singapore and China. Sky Villa represents the ultra-luxe high-rise living in Phnom
Penh. Ms Saly Phalin, Senior Sales Manager, Alpha Alliance Real Estate, an appointed marketing agency, said that Sky Villa possibly sets record for the most expansive apartment units, sized between 272 square meters and 509 square
meters, in the Cambodia capital. Prices will start from US$970,000, US$2,326 per square meter. Dear audiences, Construction & Property weekly news has come to the end. Thank you for spending time with us. We will come back to you next week I’m Bun Saosopheakneath, and our staffs thank you again and goodbye.

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