Foreign condo transfers rise again in Thailand
Foreign condominium purchase transfers in Thailand showed a 1.8% year-on-year rise in the first three quarters of 2019 with Chinese investors leading the way accounting for almost 58% of all transfers. The majority of the transfers were the result of off-plan purchases made over one year ago and the rise in transfers reflects the strong […]
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CDC approves investment projects worth close to US$2 billion
The Council for the Development of Cambodia (CDC) has approved investment projects in the sectors of energy, retail, tourism, and commercial buildings with a total investment close to US$2 billion. According to a CDC press release on 25 December, it approved investment projects for a hotel and a commercial building. BOCC Development Co Ltd will […]
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Construction projects increase by 55% in 2019
4,446 projects construction projects were approved in 2019, a 55% increase compared to 2018, while investment totalled US$9.3 billion, representing a year-on-year increase of 78%. The annual report from the Ministry of Land Management, Urban Planning, and Construction showed that construction projects nationwide were built over 18.5 million square metres, a 62% increase compared to […]
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Government approves Aeon 3 project
The Council for the Development of Cambodia (CDC) on 25 December approved the investment project for third Aeon mall which is to be located along Samdech Techo Hun Sen Boulevard, also known as the 60-metre wide road. The project is an investment by Aeon Mall (Cambodia) Co., Ltd using a capital of US$289.6 million and […]
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Stueng Trang-Krouch Chmar Bridge Construction Completes 75 Percent
Construction of Stueng Tranng-Kroch Chmar Bridge, linking Kampong Cham province and Tbong Khmum province has finished 75 percent of construction as of December. The Ministry of Public Works and Transport updated the progressing of construction on December 25. The ministry said the ministry’s working group in charge on the project asked the construction company to […]
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Land Management Ministry to collect revenue from electronic cadastral information service
The Ministry of Land Management, Urban Planning and Construction will collect revenue from an electronic-based cadastral information service, for which the revenue will be registered as income for the national budget. According to the inter-ministry prakas on providing electronic-based cadastral information service dated on 24 December, the procedure for collecting income will be announced later […]
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Premier Hun Sen pushes for more SEZs along border
The Head of the Royal Government of Cambodia has pushed for the establishment of more special economic zones on the border with Vietnam in order to attract more investment from Vietnam in Cambodia. The establishment of SEZs has been pushed after Cambodia has already established special economic zones in Bavet town Svay Rieng province and […]
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Cambodia border markets to be built in Kampot and Svay Rieng provinces
Two more Cambodian border markets along the border between Cambodia and Vietnam have been planned for Kampot and Svay Rieng provinces. The Head of the Royal Cambodian Government said that the establishment of Cambodia border markets will facilitate trade activities between the two countries, particularly along the border. The announcement to build two new Cambodia […]
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Construction owners asked to apply for issuance of occupancy certificates for construction
The Ministry of Land Management, Urban Planning and Construction has called for construction site owners to apply for Issuance of Occupancy Certificates for Construction which is aimed to manage construction data efficiency and to ensure the quality, safety, beauty of construction sites as well as protecting construction owners and the public. According to the prakas […]
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140 MW solar project approved
Plans for solar projects in four provinces capable of generating power of up to 140 MW have been approved by the government. The draft solar projects were unanimously approved in a plenary session of the National Assembly held on 23 December, citing that the solar projects are located in the four provinces of Banteay Meanchey, […]
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Bangkok housing scheme to be Thailand’s largest
Thai property company Magnolia Quality Development (MQDC) will expand the Forestias residential project on the outskirts of Bangkok to create the largest residential project in Thailand. The expansion will be funded with an investment of US$1.2 billion in addition to the US$3billion already invested. The project size will also increase by 16 hectares from 48 […]
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Japan’s Toyato Tsusho Corp Expands Investment in Poipet
Japanese trading house Toyota Tsusho Corp. expands its investment building its second rental factory in Banteay Meanchy province to support Japanese businesses expanding into the neighboring Thai market. Toyota Tsusho’s wholly-owned subsidiary Techno Park Poi Pet Pvt Co. Monday signed the contract with Sanco Cambo Investment Group Co., which operates a special economic zone in […]
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