Condo Prices & Rents in Q3 Increase as Supply Increases by 32% Q-o-Q
The sale prices and rental rates on the condominium market in Cambodia during Q3 of 202 have increased significantly compared to the previous quarter due to the easing of the COVID-19 pandemic while condo supply increased by 32%. According to a report by CBRE Cambodia on 07 July, sale prices increased by 0.7%, 2.7%, and 1.4% for affordable, mid-range, and high-end types respectively. Meanwhile,...
Read MoreChina Pledges 10 EV Chargers to Cambodia
The China Chamber of Commerce has promised to provide 10 electric vehicles (EV) chargers to the Ministry of Public Works and Transport to support the use of EVs in Cambodia. The announcement of the EV chargers was made in a workshop on the development of a roadmap for EV charging stations in Cambodia held on 08 July. HE Chhuon Vorn, Director-General of the General Department of Land Transpor...
Read MoreBy Q2 2022, Landed Property Prices Fall, Compared to Q1 of 2022
As of the second quarter of 2022, the property prices of four types of houses have decreased compared to the first quarter of 2022, according to a webinar organised by CBRE Cambodia on 07 July 2022. In the second quarter, flat house prices fell by 2.7% with average prices of between US$500 to US$1,000 per square metre. The price of link houses fell by 2% with average prices of between US$500 to...
Read MoreMore than 200 companies participated in 12th business networking party organised by CCA
Cambodia Constructors Association (CCA) with sponsors from three major companies, OCIC, TC and HTS to organize its 12th business networking with the participation of more than 200 business people. The event was held at Koh Pich in the City Hall on 8 July 2022, with the aim of providing an opportunity for all association members to meet and have a face-to-face meeting to establish a network to f...
Read MoreCambodia Constructors Association Host the Election of Executive Committee Members for 5th Mandate
Cambodia Constructors Association (CCA) on 8 July 2022, prepared the election to support the Executive Committee of the Cambodia Constructors Association for the fifth mandate (2022-2025) at Koh Pich City Hall. In the fourth election for the Executive Committee, CCA elected new members to replace the old members who have mandates expired and support the addition of the Executive Committee membe...
Read MoreThailand Pledges to Finish US$12 Billion High-Speed Rail Link to China by 2028
Thailand has pledged to complete its part of a much-delayed high-speed rail system linking the country to China through Laos by 2028, which is a link to Yunnan, China via Nong Khai, Laos, according to Bloomberg published on 06 July 2022. Thailand will complete the first of two stages of construction, and expects a test run by 2026 and the official launch the following year, budgeted at US$12 bi...
Read MoreTbong Khmum Provincial Authority Preserves Boeung Prak as a Natural Heritage Tourism Site
The Tbong Khmum Provincial Authority is keeping Boeung Prak preserved as a natural heritage tourism site located in Luong Preah Sdach Kan Heritage Site, said Tbong Khmum Provincial Governor, HE. Cheam Chansophorn, at Tree-Planting Ceremony on 07 July 2022. The governor has instructed all local authorities and relevant stakeholders to work together to determine Boeung Prak’s lands and mark borde...
Read MoreCMAA & Relevant Partners Actively Implementing Demining Campaign
The Cambodian Mine Action Authority will declare no mined land in three provinces and nine districts as the United Nations Development Program (UNDP), Australia, the Korea International Cooperation Agency (KOICA), New Zealand and the Ministry of Economy and Finance have provided US$20 million to continue to demine for six years from 2020-2025. In 26 years, Cambodia has cleared 1,881 square kilo...
Read MoreAustralia Supports Cambodia to Improve Physical Accessibility for Persons with Disabilities
Australia has supported Cambodia to improve physical accessibility for persons with disabilities through a dissemination workshop on the Physical Infrastructure Design Standards on Accessibility for Persons with Disabilities. Through the Australia-Cambodia Cooperation for Equitable Sustainable Services (ACCESS), the workshop was held on 01 July 2022. This dissemination workshop aimed to prom...
Read MoreProgram to Offer a 10-year Visa to Foreign Investors Launched in Cambodia
Cambodia has launched a program to encourage foreign investment that offers a ten-year visa and other benefits to those who invest in the country. Named, the “Cambodia - My Second Home” program, it has been exclusively launched by the Khmer Home Charity Association with full authorisation from the Ministry of Interior. The goal of the program is to promote trade and investment to those who w...
Read MoreEU Plans Investment in World’s Tallest Dam to Dent Russia’s Energy Clout
The European Union plans to become the top investor in the world's tallest dam in Tajikistan, EU officials told Reuters, in a move aimed at helping Central Asia cut its reliance on Russian energy and part of the EU's answer to China's Belt and Road Initiative. The Rogun Dam is expected to cost around US$8 billion, of which US$3 billion has already been spent, the Tajik energy minister Dalyor Ju...
Read MorePM Hun Sen: Gov’t to spend approx. US$100m in electricity loss this year
The Cambodian government estimates that in 2022, Cambodia may lose approximately US$100 million of the national budget to electricity expenses, due to rising fuel prices caused by the Russia-Ukraine war. Cambodian Prime Minister Samdech Hun Sen stated on 6 July that investment in electricity has already been operating at a loss; however, the government decided not to increase the price to ease ...
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