Installation of Siem Reap sewage system over 80% complete
The installation of Siem Reap’s new sewage system is now more than 80% complete with the plan for it to be ready prior to the next rainy season. According to a report by the Ministry of Public Works and Transport, as of 19 January 2020, 3,019 meters or about 81.59% of the project has been […]
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Industry Ministry urges Japanese to invest in clean water supplies
The Ministry of Industry and Handicrafts has encouraged Japanese investors to invest in the clean water sector in Cambodia to increase access to sustainable clean water services for all citizens as soon as possible. Investment in the clean water sector will partly contribute to the government’s policy to connect 100% of urban and rural areas […]
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Property-based tax revenue more than doubles in 2019
Stamp duty and property rental tax revenue for 2019 increased more than 111%, compared to 2018, according to a report by the General Department of Taxation. According to a statement released on 21 January, the General Department of Taxation in 2019 collected total tax revenue of more than US$2.8 billion, exceeding the initial plan by […]
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Ministries vow to resolve stamp tax jam
The Ministry of Economy & Finance and the Ministry of Land Management, Urban Planning and Construction have agreed to resolve the slow process of land title transfers and registration under the zero-percent stamp tax category, following more than 13,000 documents having been stuck at the tax administration. According to a press release from the General […]
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Chinese developer pledges continued investment in Cambodia
China-based property developer Prince Real Estate Group (Cambodia) has pledged to continue investing in the Cambodia real estate market in 2020, after investing billions of dollars in more than ten projects in Cambodia last year. The ten major projects by Prince Real Estate Group in 2019 cover a total area of 1,876 hectares nationwide; six […]
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Malaysian firm to invest US$20million in Bavet solar power plant
Astoria Solar Farm Sdn Bhd (ASF), a subsidiary of leading Malaysian integrated electrical power technology company Pestech, has recently announced its plan to invest US$20 million in a solar farm project in Bavet city, Svay Rieng province, after acquiring a stake from a local Cambodian company. According to a press release from the firm, ASF […]
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Phnom Penh to have priority bus lane by October
Phnom Penh Municipality has recently announced its plan to launch a priority public bus lane on Monivong Boulevard in October, with the aim of reducing traffic congestion as well as to improve the city’s infrastructure system. The announcement was made on 17 January during a meeting between Phnom Penh Governor H.E Khoung Sreng, together with […]
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Constructions along Mekong riverbank at risk of collapsing due to excessive sand mining
Geo-environmental researchers have recently revealed that Mekong riverbanks, especially in Cambodia, are prone to collapsing due to the excessive sand mining driven by the high demand for sand in the construction sector. According to the report by The Science Times, the research team from the University of Southampton discovered that sand mining is the leading […]
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Phnom Penh goes green: More than 400 green projects logged in Q4 2019
With the ultimate goal of building a more sustainable city, a number of real-estate developers have been moving toward greener projects, with 405 net green projects recorded in Phnom Penh in Q4 of 2019, according to CBRE Cambodia. According to a report released by CBRE on 16 January, those green projects include hotels, retails, offices, […]
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Condo supplies projected to grow at 55% in 2020: CBRE
CBRE, a leading commercial real estate services and investment firm, has projected growth of condominium unit supplies at 55% in 2020, thanks to strong growth in the construction sector in 2019 and the newly approved construction law which builds confidence in the future quality of buildings and condos. CBRE’s report issued on 16 January stated […]
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Investing in international real estate
The idea of investing properties abroad is not new and has always proven to be popular among wealthy Cambodian buyers due to many reasons, for example; the high standard of education offered in the city, good public transportation, being a leading tourist destination, favourable time zone, strong legal structure, a property safe haven etc. Furthermore, […]
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Government accelerates study on National Road 10 construction
National Road Number 10 linking Samlot in Battambang province, Veal Veng in Pursat province and Koh Kong province is scheduled for construction in 2020, as the inter-ministerial working group has accelerated the planning study. According to a report from the Ministry of Public Works and Transport, National Road Number 10 is part of the infrastructure […]
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