Affordable Housing Projects to Gain More Momentum in 2022, says Expert
Real estate expert and President of KW Cambodia Dr Kim Heang has projected that the borey market will remain strong in 2022 and at least for the next 5-10 years, citing low to mid-range types will be in high demand . Dr Kim Heang said boreys that are in strong demand will be those priced […]
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Expert: Divided Land Plot Business Prone to Collapsing if No Change in Developing Method
Real estate expert and President of KW Cambodia Dr Kim Heang has warned that some divided land plot businesses in Cambodia or known as “Dey Lo” are prone to collapsing in the next two or three years if the developers do not upgrade or change their development methods. Dr Kim said recently that the trend […]
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Stamp Duty Tax Exemption for Property Worth Under US$70,000 Extended Beyond 2021
The stamp duty tax exemption for houses and condos worth equal to or under US$70,000 will be continued beyond 2021, as part of the government’s measures to boost economic recovery from the COVID-19 pandemic. The announcement was made by HE Phan Phalla, Secretary of State of the Ministry of Economy and Finance, in a press […]
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Real Estate Firm JS Land Plc Receives In-Principle Approval for Stock Listing
JS Land Plc, a housing developer, has received in-principle approval for a stock listing on the Cambodia Securities Exchanges (CSX). The approval was made in an official meeting on the non-banking financial service sector held on 13 December under the presidency of HE Aun Pornmoniroth, Minister of Economy and Finance. In the meeting, the non-banking […]
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Ground Broken on US$22-million Japanese-Funded Clean Water System in Pursat
The Government of Japan has provided US$21.9 million in grant aid to build a new water supply system in Pursat province to increase access to clean water for the local people. The ground-breaking ceremony of this water supply system took place on 13 December, in the presence of Japan Ambassador to Cambodia HE Mikami Masahiro […]
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Giant South Korean Firm Invests Nearly US$18 billion in Vietnam in 24 years
South Korea’s electronics giant Samsung has invested nearly US$18 billion in manufacturing and research facilities in Vietnam in the last 24 years. The investment amount represents 29% of total investment in the last five, VN Express reported on 7 December. Samsung, with eight manufacturing and research facilities in the country, earned revenues of nearly US$60.5 […]
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The 16th PropertyGuru Asia Property Awards Grand Final celebrates the Gold Standard bearers of real estate
THE BEST OF ASIA DISTINGUISHED IN CELEBRATORY VIRTUAL FINALE OF THE 2021 PROPERTYGURU ASIA PROPERTY AWARDS SERIES • Mekong Land Development Co., Ltd. from Cambodia won the title of the Best Breakthrough Developer (Asia) • Country winners from Vietnam, Mainland China, Hong Kong, Singapore, Philippines, Thailand, Cambodia, and Greater Niseko (Japan) collect coveted regional accolades […]
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Phnom Penh Autonomous Port Earns US$30 million in 11 Months
During an 11-month period of 2021, the revenue of Phnom Penh Autonomous Port (PPAP) was at US$30 million, a 14% increase compared to the same period in 2020. According to the PPAP’s report published on 9 December, of total revenue, port operation revenue was at US$24.37 million (up 16% y-o-y), port authority revenue at US$3.23 […]
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Construction of New Road Connecting Steung Treng to Kratie Completed
Construction of a new rural road connecting Steung Treng and Kratie provinces, which was built with the donation from Prime Minister Samdech Hun Sen, has been completed. The road is 15km long and 6m wide, connecting O’Mreah commune to Siem Bok commune in Siem Bok district which is on the border of Kratie province. Steung […]
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Construction of PP-SHV Expressway Over 70% Complete
The construction of the 190-kilometre Phnom Penh-Sihanoukville Expressway was 70.93% complete as of November. The updates were shared in an inspection visit led by HE Yit Bonna, Secretary of State of the Ministry of Public Works and Transport (MPWT) on Friday 10 December. Having started construction on March 2019, the road is being built by […]
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Chip Mong Land Officially Breaks Ground on New Residential Project `Parkland Pochentong`
One of Cambodia’s leading real estate developers Chip Mong Land broke ground on Saturday 4 December on its brand-new residential development project—the Chip Mong Parkland Pochentong—marking the firm’s new commitment to boost the market potential of the Pochentong area. Located in a prime location just 2 minutes from the current Phnom Penh International Airport, the […]
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Construction & Real Estate May Not Return to Pre-COVID Level Anytime Soon, says WB
The construction and real estate sector in Cambodia remain under pressure stemming from the COVID pandemic and may not recover to the pre-pandemic level anytime soon, despite the 2022 GDP growth forecast of 4.5%, according to a World Bank report issued on 9 December. The report said that major commercial and residential development projects continued […]
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