In the span of over twenty-two years, the Ministry of Land Management, Urban Planning and Construction (MLMUPC) has approved 61,867 construction projects worth approximately $70 billion of investment on the total land area of 174 million square metres, said an annual report of the ministry.
The ministry approved 2,541 construction projects for buildings that comprised five floors or higher—1,680 projects in Phnom Penh, 686 projects in Preah Sihanouk, 132 projects in Banteay Meanchey and 43 projects in other provinces, the report issued by MLMUPC in the period from 2000-2022, while 50 projects have 40 floors or higher.
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According to the report, 1,429 projects have 5-9 floors, 699 projects have 10-19 floors, 233 projects have 20-29 floors, 130 projects have 30-29 floors, 50 projects have 40 floors or higher, and 514 projects were residences and townships, and 89,894 projects and 437 projects were flats and condominiums respectively that were approved between 2019-2022.
During the period from 2008-2022, there were 34,743 residential projects, 1,079 hotel projects, 3,168 commercial building projects, 10,650 factory projects and 332 multi-function building projects, according to the report, adding that in 2022 alone, there were 4,276 construction projects in countrywide worth nearly $3 billion on about 7.3 million square metres.
The value of construction projects decreased 44.27 percent from over $5.3 billion in 2021 when there were 4,303 projects on area of 12,998,072 square metres, the report said, adding that 226 projects on 5,659,006 square metres worth about $2.36 billion were under regulation by MLMUPC and 4,050 projects under municipal-provincial authorities.
Source: Khmer Times
