CSX: Royal Railway Eligible to Apply for Bond Listing
The Cambodia Securities Exchange (CSX) has approved in principle that Royal Railway Plc, a subsidiary of the Royal Group, is eligible to apply for bond listing. However, to complete the bond listing process, Royal Railway must follow more conditions to get approval from the Securities and Exchange Regulator of Cambodia and meet further listing requirements […]
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Cambodia Signs US$600m in New Concessional Loans in H1 2022
The Cambodian government has signed new concessional loans with development partners worth approximately US$635 million in the first semester of this year, accounting for 30% of the ceiling permitted by law. 61% have been signed with bilateral development partners and 39% signed with multilateral development partners, according to the Cambodia Public Debt Statistical Bulletin issued […]
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Chip Mong 271 Mega Mall to Open on 12 September
Chip Mong 271 Mega Mall will open to the public on Monday 12 September, showcasing multiple renowned international and local brands with restaurants, clothing, and electronics as well as many other products and services. With an investment of over US$150 million from Chip Mong Retail, the Chip Mong 271 Mega Mall has partnered with many […]
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Gov’t Approves Over 100 New Investment Projects Worth US$3.4bn in First 8 months of 2022
In the first eight months of 2022, the Council for the Development of Cambodia (CDC) approved more than 100 investment projects worth approximately US$3.4 billion. According to the CDC’s reports obtained by Construction & Property News, these projects help create over 63,000 jobs for people in the areas where the projects are located. Those projects […]
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Major New Road in Stung Treng Officially Inaugurated
A newly built major road in Borey O’Svay Senchey district in Stung Treng province was officially inaugurated under the presidency of Governor Svay Sam Eang on Tuesday 6 September. This road is a DBST type with a length of over 10km and a width of 7m (Provincial Road No. 379A). The road is equipped with […]
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Cambodia’s renowned hospitality group Shinta Mani to launch in first property aboard in 2023
Cambodia’s renowned hospitality group Shinta Mani has partnered with Kathmandu-based Sherpa Hospitality Group to open the first Shinta Mani hotel outside of Cambodia. The 29-suite Shinta Mani Mustang – a Bensley Collection luxury lodge is scheduled to open on 1 March 2023. Designed by Bill Bensley, Shinta Mani Mustang perches high above the town of […]
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OCIC & Malaysian Association Expand Cooperation in Boosting Construction & Real Estate Sector
Overseas Cambodian Investment Corporation (OCIC) and Malaysia Retail Chain Association (MRCA) have signed more MoUs to boost their respective lines of business in Cambodia. According to the OCIC announcement on 5 September, the cooperation will help expand both parties’ businesses including shopping centers, aviation, satellite city development, real estate development, construction and construction supplies, hotels […]
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NBC to issue US$25 million Government bond on September 7
The National Bank of Cambodia will issue the first government bond of 100 billion riels (approximately US$25 million) on September 7 to raise domestic investment for national economic development. NBC’s announcement stated that the bond will be auctioned through the National Bank of Cambodia platform from 8 am to 2 pm. The face value per […]
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Kampong Spue Stadium Officially Inaugurated
Kampong Speu Provincial Stadium was officially inaugurated on 6 September under the presidency of the Deputy Prime Minister and the Minister of Land Management, Urban Planning and Construction HE Chea Sophara. Located in Ta Mol Village, Sangkat Chbar Morn, Chbar Morn City, Kampong Speu Provincial Stadium is a standardised size stadium spreading over 4 hectares […]
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Kampot Governor Mulls Building More Luxurious Beach Resorts & Public Parks
Kampot provincial authorities plan to build more luxurious resorts and beaches to attract more tourists, according to Provincial Governor HE Mao Thanin on 5 September. The governor said that Kampot is a coastal province with rich potential and resources, but the province has yet to offer luxurious beaches for tourists. He added that the provincial […]
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Chinese Gov’t to Issue US$29bn Loan to Help Developers Complete Housing Projects
The Chinese government plans to issue 200 billion yuan (US$29 billion) in special loans to help developers finish their stalled housing projects, according to Caixin. This loan will be issued under the cooperation of the Ministry of Housing and Urban-Rural Development, the Ministry of Finance, and the central bank. The loan may be provided by […]
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Future of Unfinished Construction in SHV: Perspective of Investors, Government & Locals
After the Cambodian government shut down online gaming in Sihanoukville, combined with the arrival of the COVID-19 pandemic in 2020, Sihanoukville’s economy plummeted while the overheated real estate market in the province finally cooled and dramatically so. After Chinese investors left Cambodia, a total of 1,155 construction projects were left unfinished with the rental price […]
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