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ខ្មែរ 
Indonesia Injects US$1bn More into New Capital ‘Nusantra’
- 21 July 2023
The Indonesian government has approved the injection of an additional US$1 billion for the development of the nation’s new capital city ‘Nusantra’ which is located in East Kalimantan province on Borneo island. The Nusantra mega project is projected to cost US$32 billion, 80% of which is expected to be sourced from private investment. The Indonesian government, however, has not yet secured the i...
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TR and CCC Join Forces to Propel Trust Sector Advancement in Cambodia
- 21 July 2023
In a momentous step towards enhancing the trust sector in Cambodia, the Trust Regulator (TR) and the Cambodian Chamber of Commerce (CCC) have inked a significant Memorandum of Understanding (MoU) focused on "Cooperation on Raising Public Awareness and Promoting Participation in the Public Sector in Cambodia." The official signing ceremony of this pivotal MoU took place on July 18, 2023, with Du...
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Elevate Your Living and Business in the Heart of Phnom Penh with UC88 Project in BKK1
- 20 July 2023
Unveiling an exceptional residential and commercial space blend, UC88 stands tall as a mixed-use development project in the vibrant Boeung Keng Keng I area. Located along Street 322 near Monivong Blvd, this impressive 45-storey building offers an alluring proposition, providing both contemporary condos and versatile strata-offices, catering to the modern lifestyle needs of residents and businesses...
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Pattaya to Build Four Monorails
- 20 July 2023
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 soon expanding airport as part of an overall national infrastructure ex...
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All real estate disputes can complain to the Real Estate Business and Pawnshop Regulator
- 20 July 2023
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 all aspects of the real estate dev...
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Cambodia’s Digital Transformation Soars with the US$30 Million National Data Center
- 20 July 2023
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 timeline of 18 months, the National Data ...
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Mid-2023 Update: Cambodia’s Retail Sector Saw A Slight Decline, But New Strategy Emerged
- 19 July 2023
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 is poised for further expansion, with approximately 83,000 sqm of upcoming pro...
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General Department of Taxation Achieves Remarkable Revenue Collection of US$2 Billion in H1 2023
- 19 July 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 tax reve...
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Ring Road 3 is temporarily open and will be officially inaugurated on August 3
- 18 July 2023
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, as announced by HE Heang Sotheayut, spokesman for ...
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Office Sector Update: Increasing Supply Puts Pressure on Rents and Occupancy in Mid-2023
- 18 July 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 supply is set to surpass 1 million square meters, marking a significant 24% growth. The incr...
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Fantastic! Deposit only 5%, and get a dream house immediately in Borey Peng Huoth
- 17 July 2023
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 your dream home, is now no longer a problem because Borey Peng Huoth offers a more ...
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CBRE issued mid-year real estate review: highlighting globalization as the key factor for the slow recovery
- 17 July 2023
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 market. “Amidst a slowd...
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