New US$1.5 billion Phnom Penh International Airport now 30% complete
A new Phnom Penh International Airport with an investment of US$1.5 billion located in Kandal and Takeo province has been 30% completed. The new US$1.5 billion Phnom Penh International Airport billion located in Kandal and Takeo provinces is now 30% complete according to the State Secretariat of Civil Aviation. H.E Sin Chanserey Vutha, Deputy Director […]
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Government announces US$2 billion liquidity adjustment package for banking sector
The government has announced a US$2 billion liquidity adjustment package, with the central bank relaxing its reserve requirement for banks as a measure to address the economic impact effects from COVID-19. The statement was made by Ms Chea Serey, National Bank of Cambodia Assistant Governor during an interview with CNBC where she explained the government’s […]
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Coronavirus impacts Thai property market
With the ongoing ‘global health emergency’ declared by the World Health Organisation (WHO) over the coronavirus impacting travel by Chinese investors, regional economies and property markets have been feeling the pinch, with Thailand feeling it more than most. Since 2016, Chinese investors have accounted for the majority of property purchases in the Thai Kingdom. However, […]
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US$10m National Disability Centre of Cambodia ready in 2023
The Government of Cambodia plans to complete construction of the US$10 million National Disability Center of Cambodia by 2023 with high-quality and international standard services for persons with a disability in Cambodia. The National Disability Centre of Cambodia is to be constructed on a 65,530 square metre plot located along National Road 4 in Tror […]
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MoEYS asks landowners to favour educational institutions facing COVID-19 crisis
The Ministry of Education has requested landowners to favor educational institutions while COVID-19 continues to spread. This call for action has been made further to pressure from 113 private educational institutions who have claimed that their schools have been severely affected by the impact of COVID 19 and are facing bankruptcy. In their urgent meeting […]
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60-megawatt solar power station starts generation to the national grid
A 60-megawatt solar power station in Kampong Chhnang province’s Toek Pos district has finally started operation, generating power to the national grid, becoming the third operational solar station in Cambodia. The solar power station is an investment by Scheitech Renewable Co Ltd and the station construction began in early 2019, said Vector Zona, Director-General of […]
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China completes stunning Brunei bridge
The China State Construction Engineering Corporation (CSCEC) announced on 02 January that it had completed its section of the US$1.7bn Temburong Bridge in Brunei. The stunning bridge will provide a much-needed land link between Bandar Seri Begawan, the capital of the sultanate, and the Temburong district. Brunei is divided into two areas by the Malaysian state […]
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Samdech Techo Hun Sen Boulevard expanded at the intersection of St. 271
Samdech Techo Hun Sen Blvd (60-metre road) has been widened to its full size at the intersection of St. 271, Chramouh Chrouk Kbal Tnal Road, after completion of an impact study. The impact study was a long process before a final settlement was reached with local citizens, as they finally accepted the development company’s offer. […]
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Garden and sidewalk development project in Beong Samrong paused due to land disputes
Phnom Penh City Hall’s garden and sidewalk development project in Beong Samrong has been paused due to land disputes, as some residents continue to occupy state property around the area. In order to save drainage and the lake surface land, Phnom Penh City Hall decided on 30 March 2020 to pour the dam along the […]
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MEF calls for permit and license applications by end of April
The Ministry of Economy and Finance (MEF) has called on all owners of lot development businesses to apply for their permits of lot development businesses and land licenses of lot developments before 30 April this year. “MEF has mandated all owners of lot development business occupying land under 10,000 square meters to apply for their […]
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2020: What and where to invest in real estate?
2019 has been another great year for the real estate sector in Cambodia due to increasing demand from both local and international investors. According to the Ministry of Land Management, Urban Planning and Construction (MLMUPC), a total of US$9.3 billion worth of investments came into the kingdom, spread across 4,446 approved investment projects, which represented […]
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No travel ban from one district to another, the government’s resolution statement
On April 10, 202, the government issued a new decision stating that there is no travel ban from one district to another in the same province and that Phnom Penh and Kandal are considered one same region through which people can travel. Please note that this decision is an amendment to Order 02B.B issued on […]
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