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CJBI disseminates applied Inamori business philosophy

CJBI disseminates applied Inamori business philosophy
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Incorporation of CSR in curriculum, material design, research methods sustain businesses

Incorporation of CSR in curriculum, material design, research methods sustain businesses
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Pivoting to affordable homes where demand is hot

Although the real estate sector remains soft, the affordable housing market and lower mid-range segment is thriving as it meets the needs of Cambodians, who want quality lives as income levels grow

Low-cost homes ready 2022 | Phnom Penh Post

Construction of the $70 million two-phased Arakawa Residence affordable housing development in western Phnom Penh remains on track to be completed by mid-2022, developer Arakawa Co Ltd co-founder Ieng Sotheara told The Post on October 20.

Lockdown drags down construction

Blockades and other movement restrictions imposed to stave off the spread of Covid-19 – further fuelled by the February 20 community outbreak – have brought the construction sector to a near standstill, according to industry insiders. Ieng Sotheara, co-founder of Arakawa Co Ltd, which owns the Arakawa Residence condominium development, told The Post on April 28 that the project was behind schedule and that the number of workers had been reduced from 2,000 before the lockdown to about 100, all of whom stay onsite. In addition to labour shortages brought on by the travel ban, he said the project also encounters obstacles in transporting construction materials to supply the site.

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