Expert unveils types of land with high investment potential

Real estate expert and President of KW Cambodia Dr Kim Heang said that land in Cambodia can be categorized into four major types, but among all, only two of which are having great investment potential at the moment and in the upcoming years. “Those four types include agricultural land, tourism land, commercial & industrial land, and residential land,” said Dr Kim Heang. He added that the...

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Kampong Cham authority begins listing property prices across province

Authorities start surveying property prices across Kampong Cham to strengthen tax collection Kampong Cham provincial authorities are accelerating works on drafting a list of property prices throughout the province to provide a basis for stamp duty and property tax collection. According to the follow-up meeting on 29 December 29, the main objective of the property prices surveying is to stren...

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JICA to commence Siem Reap smart city project phase 2 in April 2022

The second phase of the Siem Reap Smart City project is set to begin implementation by April next year after the study of the masterplan is finished, according to the Japan International Cooperation Agency (JICA) JICA, Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT), Siem Reap Provincial Administration hosted a joint meeting on 27 December to discuss the progress of the p...

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Tbong Khmum issues new guidelines strengthening control over construction & real estate businesses

The Tbong Khmum Provincial Administration has ordered all departments and municipal administrations under its supervision to strengthen control over the land plot selling businesses, construction, excavation, and land reclamation work, aiming to prevent state land and forest encroachment. According to Letter No. 042/21 KP, dated December 21, 2021, below are the orders: -The Provincial Depart...

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Construction of MPWT laboratory ongoing, set for completion by March 2022

The construction of the new laboratory building of the Techo Sen Institute of Public Works and Transport funded by South Korea is proceeding smoothly and is scheduled for competition by March 2022. This is according to the meeting between the Director of the Institute HE Hoeun Samneang and the representative of the funder Mr Song Jae Heon on December 28, 2021. During the meeting, the two par...

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Construction of 15ha ADB-funded standardized landfill in Pursat 98% complete

The construction of the standard solid waste management site in Pursat City is over 98% complete and is scheduled to be operational soon, according to the site by Pursat Governor HE Cheav Tay on Tuesday 28 December. Among all construction works, the two main landfills are 100% complete, the administration building 100%, the wastewater treatment tank 100%, smell treatment plant 81%, entrance gat...

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Siem Reap establishes clearer state land map to end deforestation & land encroachment

The Siem Reap Provincial Administration has established a clearer map for Zone 3 in Sangkat Chong Kneas to put an end to deforestation and land encroachment around the Tonle Sap lake area. Siem Reap Governor HE Tea Seiha inspected the sites on Tuesday 27 December to publicly showcase the map and demarcate the clear border. HE Tea Seiha said that the flooded forest is important biodiversity o...

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New National Defense Ministry Administrative Building Officially Inaugurated

The new administration building and conference hall of the National Defense Ministry were officially inaugurated on Wednesday 29 December, marking the 23-year anniversary of the success of bringing peace through the win-win policy (December 29, 1998-December 29, 2021). The inauguration ceremony was presided over by Samdech Techo Hun Sen, Prime Minister of Cambodia. The new administration bui...

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US$80 million Chinese-funded Kossamak Hospital Building Passes Completion Inspection

The new US$80-million Chinese-funded Preah Kossamak Hospital building successfully passed the completion inspection on Tuesday 28 December, according to the contractor China State Construction Engineering Corporation Ltd. The construction project technical team's leader, Shi Xiaoguang, said the building will become the first hospital in Cambodia with a modern medical concept of low energy consu...

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Youth Rehabilitation Centre in Kandal Province Inaugurated

The Youth Rehabilitation Centre in Kandal Steung District of Kandal Province has officially been inaugurated, which will play an important role in helping rehabilitate and build better human resources. The inauguration ceremony was on Tuesday 28 December and was presided over by Deputy Prime Minister Samdech Sar Kheng with the participation of Kandal provincial officials. With ground broken ...

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Land Ministry gifts over 700 land plots to locals in Kratie province

The Ministry of Land Management, Urban Planning and Construction (MLMUPC) has handed over a total of 704 land title deeds to locals of the five targeted communes in Kratie province through Land Allocation for Social and Economic Development (LASED) phase II. The handover ceremony was chaired by MLMUPC Minister HE Chea Sophara and joined by 458 targeted families from Sambok, Changkong, Dar, Thme...

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CPBank buys US$10-millon CAIC bond, funding new Phnom Penh airport development

Cambodia Post Bank Plc (CPBank) has purchased a US$10-million bond of the Cambodia Airport Investment Co., Ltd (CAIC) to help fund the development of the new Techo International Airport. The purchasing agreement was signed on 28 December by CAIC Director Charles Vann and CEO of CPBank Toch Chaochek with OCIC Chairman Neak Oknha Dr Pung Kheav Se as the witness The funds raised from the guaran...

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