UN-Habitat, S. Korea to Build Floating City, Pioneering New Living Amid Rising Sea Level
A floating city is planned to be built offshore of South Korea’s Busan city and will become a model floating city for city development to coastal cities around the world amid the issues of rising sea levels and climate changes. The project is a cooperation between UN-Habitat, the South Korean government, and Oceanix, a company founded by Danish architect Bjarke Ingels Group, with an official ag...
Read MorePM Orders Immediate Seizure of Illegally Owned Land Around Tonle Sap
Prime Minister Samdech Hun Sen has ordered an immediate seizure of all the illegally owned mangrove forest land in the Tonle Sap region from encroachers regardless of their social status, while a special working group has also been established to investigate and tackle the issues. Samdech Hun Sen stated in a voice message that the seizure must be done at all costs no matter how much criticism t...
Read MoreFDI in Cambodia at US$39 billion as of H1 2021; Real estate & Construction Contribute 15.9%
As of H1 of 2021, Cambodia received a total of US$39 billion in foreign direct investment (FDI), an increase of 9.6% compared to the same period last year, according to statistics released by the National Bank of Cambodia on 27 November. The real estate sector ranked third, accounting for 12.2% of total capital, equivalent to more than US$4.7 billion, while the construction sector contributed 3...
Read MoreHousing Association, Water Authority Join Hands Expanding Water Supply to Outlaying Residential Projects
The Housing Development Association of Cambodia (HDAC) and Phnom Penh Water Supply Authority (PPWSA) will work together to address the shortage of clean water networks in construction sites, boreys, and condos, among other real estate development projects across Phnom Penh’s outlaying regions, amid a rise in demand. According to a meeting on Friday 26 November, the two parties have agreed to in...
Read MoreCambodia-Thai Borders in Battambang & Banteay Meanchey Set to Open Soon
The Cambodian and Thai governments have agreed to open multiple land border checkpoints between Cambodia’s Battambang and Banteay Meanchey provinces and Thailand’s Sa Kaeo Province . The decision was made during a meeting on Thursday 25 November between Banteay Meanchey Governor HE Um Reatrey, Battambang Governor of HE Sok Lou, and Sa Kaeo Governor HE Parinya Phothisat. Both sides have yet t...
Read MoreConstruction of PP-SHV Expressway 70% Complete, Set to Finish Ahead of Schedule
Construction of the 190km Phnom Penh-Sihanoukville expressway is approximately 70% complete as of November 2021, according to the Ministry of Public Works and Transport (MPWT)’s spokesperson Heang Sotheayuth. Mr Sotheyuth added that the project is expected to be completed ahead of schedule, moving from 2023 to late 2022. Early this month, the Chinese company building the new Phnom-Penh-Sihan...
Read MoreLand Registration Campaign in Kampot Over 70% Complete
To date, the land registration mission in Kampot province is over 70% complete, as land plots in 358 villages have been registered and got their title deeds issued. The data was unveiled during a site inspection of Kampot Governor HE Mao Thonin to the Banteay Meas village in Banteay Meas district on Thursday 25 November. HE Mao Thonin said that since the start of the implementation in Octobe...
Read MoreFrance Mulls Setting Up Modern Drainage System in Battambang to Halt Flooding Issue
The French Agency for Development (AFD) is mulling conducting a feasibility study to establish a standardised drainage system in Battambang province, to halt the annual flooding stemming from the rise of the water level in the Sangke River. The plan was proposed by AFD Country Director to Cambodia Ms Bourhis Ophélie during the meeting with Battambang Governor HE Sok Loo on 23 November. This ...
Read MoreLaw on Public-Private Partnerships Officially Enacted
The Law on Public-Private Partnerships (PPP) has been officially enacted to promote and reduce institutional red rape for all public-private investment projects. According to the new law, a public-private partnership refers to an agreement between government bodies and private sectors to rehabilitate, expand, construct, operate and/or maintain public infrastructure, or to provide public service...
Read MoreGov’t Extends Tax Exemption to COVID-19 Affected Businesses Until March Next Year
The General Department of Taxation (GDT) has extended tax exemptions to businesses affected by the COVID-19 pandemic until March 2021. GDT Director General HE Kong Vibol recently said that by seeing difficulties faced by business owners in the sectors such as tourism, and aviation, among others, the government will continue to extend tax exemption period for another 3 months from the original d...
Read MoreMPWT to Soon Begin Expansion Work on NR21B Section in Kandal Province
The Ministry of Public Works and Transport (MPWT) will soon start expansion work on a 3km section of NR21B, from the junction with NR2 to the roundabout of Prek Samrong Bridge in Kandal province. MPWT Minister HE Sun Chanthol said during a site inspection on Wednesday 24 November that NR21B has a total length of 12.33km, but the 3km section is the crucial part for big trucks to detour the city ...
Read MoreMEF Minister Urges ASEAN Valuers Association to Enhance Regional Real Estate Standards & Guidelines
Deputy Prime Minister and Minister of Economy and Finance HE Aun Pornmoniroth has urged the ASEAN Valuers Association Congress (AVA) to consider implementing four major guidelines to promote sustainable development of the real estate sector. The request was made in his opening speech at the 23rd ASEAN Valuers Association Congress on Thursday 25 November. HE Minister Aun Pornmoniroth stated t...
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