Construction Approvals Strongly Grow in Cambodia

Construction approval increased by 84% year-on-year through July to US$747.7 million which the official called the biggest jump since property market bust since three years ago, though the number of approved projects had decreased to 1,279 for the period from 1,344 projects approved in the first seven months of 2010. The increase in value was due to their size, as rice milling facilities, garment and animal-feed facilities and apartments, as among other construction, Lao Tip Seiha, director of the Construction Department at the Ministry of Land Management, Urban Planning and Construction, said yesterday.