Friday, October 14, 2011

CNN-Business 360 : Extreme luxury in Cambodia comes at a price

That's the vision Rory and Melita Hunter have for anyone dreaming of the ultimate luxury experience. They plan to open Song Saa resort on December 31. It will be the first luxury resort on a private island in Cambodia.

The construction of 27 one-and two-bedroom villas are near completion. They will cost upwards of $2,000 per night.

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Thursday, October 13, 2011

Cambodian Construction Association Launched

It is a good news to see that finally a construction association in Cambodia was launched to ensure the collaboration among the construction companies, housing developers and the relevant ministries. Hopefully, this association will help to strengthen the standard of construction to higher level and bring in new attractive architectural design to the country.

The construction industry is growing fast and is one of the main pillars contributing to the economic growth of the country. According to Phnom Penh Post, in 2010, the industry contributed an estimated US$620 million to the economy; about 5.5 percent of the Kingdom's GDP, while providing around 150,000 jobs, and there are currently 1,074 construction and design companies, comprising 847 foreign firms.

Vattanac Tower under construction

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Real Estate Development in Cambodia

Cambodia: New Investment Destination in Southeast Asia