Pattaya to Build Four Monorails
Thailand’s leading resort city Pattaya has unveiled plans for the construction of four monorails to reduce traffic congestion and make it easier for tourists to get to the famous beach. The first 9.9km Green Line will have 13 stations and connect to the city’s planned new high-speed train station which will then link to the […]
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All real estate disputes can complain to the Real Estate Business and Pawnshop Regulator
Upholding the principles of transparency and accountability in the real estate development sector, the Real Estate Business & Pawnshop Regulator opens its doors to all citizens facing disputes related to real estate dealings. In a press release dated July 15, 2023, the regulator has been designated as the sole authority responsible for managing and overseeing […]
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Cambodia’s Digital Transformation Soars with the US$30 Million National Data Center
The Ministry of Posts and Telecommunications marked a historic milestone today with the inauguration of the state-of-the-art National Data Center, a project valued at nearly US$30 million. The center, located in Srah Chak district, Khan Daun Penh, Phnom Penh, spans an impressive 12 stories, 36 meters wide, and 63 meters long. With an estimated construction […]
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Mid-2023 Update: Cambodia’s Retail Sector Saw A Slight Decline, But New Strategy Emerged
Amidst a changing retail landscape, the first half of 2023 showcased a slowdown in new retail completions, following a wave of launches and developments in 2022. As of mid-year, over 39,000 sqm of new retail space was added, representing a 6% increase in total supply over the span of 6 months. However, the retail sector […]
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General Department of Taxation Achieves Remarkable Revenue Collection of US$2 Billion in H1 2023
Cambodia’s tax revenue collection for the first half of 2023 has reached an impressive US$2,072 million. Despite a year-on-year decrease of 19 percent, this achievement reflects the department’s commitment to meeting financial targets and supporting the nation’s development, according to the latest report from the General Department of Taxation. The report highlights that the six-month […]
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Ring Road 3 is temporarily open and will be officially inaugurated on August 3
Ring Road 3, a vital infrastructure project in Cambodia, is set to bolster connectivity and drive economic growth in the country. The road construction has reached its completion milestone, and a temporary opening is currently in effect. The official inauguration is scheduled for August 3, 2023, with the esteemed presence of Samdech Techo Hun Sen, […]
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Office Sector Update: Increasing Supply Puts Pressure on Rents and Occupancy in Mid-2023
In the first six months of 2023, the supply of new office buildings in the Cambodian real estate market will increase by about 39% over existing offices. From the middle of the year to the end of this year, with an anticipated addition of 215,000 square meters of office space this year, the total office […]
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Fantastic! Deposit only 5%, and get a dream house immediately in Borey Peng Huoth
Are you looking for a business house that you can buy and move in immediately, but are worried about not having enough money? Now you no longer have to worry, on this special occasion, Borey Peng Huoth offers a more interesting payment policy this July. Low-interest rate, which makes it impossible for you to buy […]
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CBRE issued mid-year real estate review: highlighting globalization as the key factor for the slow recovery
CBRE, Cambodia’s Leading Real Estate Appraisal Company, has just released its Phnom Penh Real Estate Market Rating Report for the second half of 2023, highlighting the impact of global macroeconomic conditions, particularly the slowdown in the Chinese economy combined with the oversupply of markets domestically, pushing Cambodia to prolong the recovery of the real estate […]
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Medusa Submarine Cable System: A Game-Changer for Mediterranean Connectivity
In a monumental stride towards transforming connectivity in the Mediterranean, Alcatel Submarine Networks (ASN), Elettra, Medusa, and Orange have officially broken ground on the Medusa Submarine Cable System. Spanning over 8,700 kilometers, this visionary project is set to become the region’s longest cable, facilitating essential connections between ten countries, including Morocco, Portugal, Spain, France, Algeria, […]
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Decrease in Chinese Tourists Impacts Southeast Asian Economies, While Cambodia Sees Growth
The decrease in Chinese tourists has impacted Southeast Asian economies, hindering their post-Covid recovery plans. Slower-than-expected economic recovery in China has made its population more hesitant to spend money on international travel. Official data compiled by Bloomberg News show that Chinese arrivals in five Southeast Asian countries varied between 14 percent and 39 percent in […]
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Cambodia-Australia Collaborate to Unveil Investment Handbook to Fuel Economic Growth
The Council for the Development of Cambodia and the Australian Embassy have jointly unveiled a comprehensive investment handbook. The book, launched by Nicholas Moore, Australia’s Special Envoy to Southeast Asia, and HE Sok Chenda Sophea, Deputy Prime Minister and Secretary-General of the Council for the Development of Cambodia, on 11th July 2023, serves as a […]
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