Types of license or permit for real estate business in Cambodia
All development business for condominiums, land lots, office buildings, malls and residences for the purpose of selling or leasing long-term (referred to as land or building leases for over 15 years) must be licensed by the Ministry or permitted by the Provincial-Municipal Department. All real estate development businesses are divided into three categories: 1) residential […]
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New Siem Reap-Angkor International Airport (AIAI) receives master plan certificate
The State Secretariat of Civil Aviation handed over the master plan certificate to Angkor International Airport Investment (AIAI) for the construction of the new Siem Reap-Angkor International Airport project, which is scheduled to be completed by 2023. Dr Mao Havannal, Secretariat of Civil Aviation, handed the master plan certificate to Mr Lu Wei, Chairman of […]
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Sewerage system and wastewater treatment station planned in Battambang
A sewerage system and wastewater treatment station in Battambang with a capacity of a 1,200 litres of wastewater per day is scheduled to start construction by the end of 2020 and is expected to be completed by 2022. The Battambang Provincial Administration is preparing to build the wastewater treatment station for the development of a […]
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US$1.7 billion coal power plant set for Sekong
Singapore energy firm Evolution Power Investment Corporation (EPIC) has recently received approval from the government of Laos PDR to develop a US$1.7 billion thermal power plant in southern Laos’ Sekong province. The plant will reportedly generate 1,000 MW and will likely be powered by domestically extracted coal, according to a report in by ASEAN Today […]
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MEF Minister: 99-year economic land concessions to be cut to 50 years
State-owned lands granted to private companies as economic land concessions (ELC) for periods of 99 years, 90 years or 70 years must be reduced to 50 years, according to H.E Aun Pornmoniroth, Minister of Economics and Finance (MEF) in a meeting on the Draft Law on the Management, Use and Organisation of State assets on […]
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Former Kampot airport to be used for clean water supply project
An area of the old unused Kampot province will be used for a clean water project to supply clean water within in the coastal province of Kampot. The Kampot Provincial Administration has decided to hand designate five hectares of land on the site of the old airport, located in O’ Touch village, Andong Khmer commune, […]
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Mekong Homes: Khmer style houses with modern standards
Having a decent warm home as a place to build family happiness is a basic need for everyone and Mekong Homes are designed to address these needs, especially for those middle-class buyers who want to live a simple lifestyle. In addition to taking clients’ living standards into account, Mekong Homes also values the Khmer style […]
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MoE achieves more than 7.2 million hectares of natural protected area, or 41% land nationwide
Cambodia now has 57 natural protected areas and three diversified conservation corridors (The Northern, Northeastern and Cardamom Mountain areas) covering a total of approximately more than 7.2 million hectares, or 41% of land nationwide, according to a press release from the Ministry of Environment on 16 April 2020. So far, the Ministry of Environment has […]
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Phnom Penh had 583 new construction projects worth US$1.3 billion after 5 months of COVID-19 in 2020
In the last five months, there have been 583 new construction projects in Phnom Penh, on a total area of about 2,881,317 square metres, according to Mr Sarin Vanna, Director of the Department of Land Management, Urban Planning and Construction during aspeech in a Press Conference on “Progress and Continuing Direction of the Phnom Penh […]
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South Korea discloses USD$12 billion for investing overseas before FTA Talks with Cambodia next month
South Korean finance minister, Hong Nam-ki, has revealed plans to provide USD$12 billion to support large-scale overseas projects before joining in a free trade agreement (FTA) talks with Cambodia in July, according to Business Korea on 15 June 2020. “The two nations completed a joint feasibility study on a potential FTA in May and wrapped […]
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Oknha Noun Rithy: Invest in real estate when COVID-19 ends to make automatic profit
During theCOVID-19 crisis, it is a good time to invest in the real estate sector in Cambodia because the price is still reasonable and as the situation comes to an end, investors will automatically profit from sales. This opinion was shared by Oknha Noun Rithy, CEO of Khmer Appraisal Foundation (KFA) in an interview with […]
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Over 25 pedestrian bridges planned for Phnom Penh
To facilitate for safe passages of commuters and traffic flow along the roads due to the city’s increasing population, over 25 pedestrian bridges have been planned for construction in Phnom Penh in the near future. SaingPiseth, Director of Phnom Penh’s Public Works and Transport, told Construction &Property Magazine on 15 June that the bridges will […]
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