Real estate transactions in Cambodia remain strong
Real estate transactions in Cambodia remaining strong is best reflected by the sharp rise in property tax, according to industry expert Sorn Seap. The General Department of Taxation (GDT) has recently collected US$1,952 million in tax revenue, of which the tax on stamp duty increased by 60.18% compared to the same period last year. (Read […]
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Majority of Filipinos fear homes vulnerable to natural disasters
A survey by the Harvard Humanitarian Initiative (HHI) has shown that the majority of Filipinos have either experienced significant property damage through natural disasters or fear their properties are susceptible to them. Of the 4,368 people questioned in 2017, the survey found that around 69% across all economic groups believed their homes and communities “were […]
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Shift in Chinese manufacturing drives Vietnam industrial rent rises
The US-China trade dispute is fuelling an exodus of Chinese manufacturing to SE Asian nations with Vietnam directly benefiting. According to a new report from real estate analysts JLL Vietnam, strong demand for industrial space saw rental price rises in Q2 2019 by up to 15.8% year-on-year with average occupancy in South Vietnam’s Southern Key […]
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The rise of international schools in Phnom Penh
By Eric Wong Chon Lap The existing number of international schools in Phnom Penh is seeing the city have one of the highest number in Southeast Asia, as there are more accredited international schools than ever before. This is in response to the rising demand from Cambodian parents who seek culturally diverse environments, and of […]
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Sun Hour Group is the place to find luxury TOTO products in Cambodia
In response to the growing number of buildings across Cambodia and a demand for more luxury products, local distribution company Sun Hour Group imports high quality products from the world’s largest toilet manufacturer TOTO which will provide a comfortable bathroom experience for Cambodian consumers. With over 20 years’ experience delivering high quality goods and services […]
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Thailand’s largest ever property development underway
Bangkok is set to see development of the largest ever private sector property initiative with the launch of the US$3.9bn, 1.8 million m2 One Bangkok complex. The five-tower complex will incorporate 500 company offices employing 60,000 people, five hotels, 1,359 condominium units and multiple shopping malls. When complete, one of the towers will be in […]
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Study on revamping railway network concluded
China Railway Construction Corporation (CRCC) Limited has recently concluded its study on revamping the railway system in Cambodia which started in May. According to Ministry of Public Works and Transport, China’s state-owned CRCC is compiling a report on the results of the study to submit to the ministry for discussion. Kong Vimean, spokesman and undersecretary […]
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UMG Cambodia opens heavy machinery sales branch for agriculture and infrastructure sectors
UMG Cambodia officially inaugurated its new heavy machinery sales branch located in Sondek commune, Prasat Bakong district, Siem Reap province on 12 September which will serve the agriculture and infrastructure sectors. The opening of the new branch provides a wider range of machinery products to customers in the area as well meeting the growing demand […]
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Japanese firms seeking investment opportunities in renewable energy
Japanese companies are looking for opportunities to invest in renewable energy projects, according to the outcome of a meeting between H.E. Say Samal, Minister of Environment and representatives from seven companies. According to a post on the ministry’s Facebook page on 22 September, the firms are looking for opportunities to invest in renewable energy projects, […]
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A new era in the Phnom Penh housing market
By Eric Wong Chon Lap The condominium market in Phnom Penh has slowed recently due to the accumulation of unsold stock and surge in supply. This has caused buyers to be more careful, resulting in less demand from speculators and more emphasis on real demand from the end-users. This explains why many developers are shifting […]
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Two more pedestrian overpass projects planned for Phnom Penh
Phnom Penh Municipality has prepared to break ground in October on construction of two pedestrian overpass projects in Phnom Penh to offer safe passage to pedestrian commuters and avoid traffic accidents. Mr Sam Piseth, director of Public Works and Transport Department for Phnom Penh, said that ground will be broken on construction of the two […]
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Multico helps deliver seminar on new road maintenance technology to Cambodia
The appointed dealer for Wirtgen products in Cambodia Multico MS (Cambodia) Co. Ltd helped deliver a one-day seminar on 01 August on a new road maintenance technology called In-Place Recycling to Cambodia as the country campaigns to improve its road quality. Held at the Ministry of Public Works and Transport (MPWT), the seminar was co-organised […]
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