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ខ្មែរ 
Land & Houses Gifted to Almost 1,000 Veteran Families in Kompong Thom & Pursat
- 24 May 2021
A total of nearly 1,000 poor and disabled veterans in Pursat and Kompong Thom have been gifted with land plots and new homes for their life of sacrifice. In Pursat province, the Cambodian Red Cross provided US$500,000 to build houses for 628 veteran families. The house is located on over 900 hectares concessional land plot in Damnak Troyeung development area in Kravanh district, where each f...
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Ministry Earns US$21 Million in Royalty Revenue from Mining Sector
- 24 May 2021
The royalty revenue, or non-tax revenue, from the mining sector totalled US$21 million for 2020, inching up 5% compared to 2019, according to the Ministry of Mines and Energy. Director-General of Mines at Ministry of Mines and Energy HE Yos Monirath said on 24 May that the royalty revenues were from the registered licenses of mines including stones, sand, gravel, and excavated soil. Although...
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New Phnom Penh International Airport 40% Complete
- 24 May 2021
Photo credit to Cambodia-SkylineSkyscraper As of May, the construction of the new US$1.5-billion Phnom Penh International Airport is approximately 40% complete, with the construction of each major parts proceeding as planned, according to officials of the new Phnom Penh International Airport on Friday 21 May. Overall, the construction is expected to finish and be open for operation by 2023 a...
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Experts: Property Market Might Not Recover in 2021; Expected to Grow Fast in 2022
- 24 May 2021
By the end of 2020, many analysts predicted that the real estate market would recover in 2021. However, due to the recent COVID community outbreak, the growth forecast has been changed to 2022 at the earliest. Chairman of the Board of Directors of CVEA and CEO of Realtor 168 Co., Ltd Lim Socheat said that ADB has projected that the Cambodian economy will grow by about 4% in 2021, which will als...
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Home improvement retail brands look to gain a foothold in Cambodia
- 22 May 2021
With the increasing disposable income, rising consumer spending, remodel and renovation of homes; the rapid rate of urbanization of Phnom Penh, and the increasing middle-class population, these major drivers are increasing the number of new and existing home sales and home improvement businesses in Cambodia. In addition, cost control, innovation in products, better logistics, and supply chain mana...
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171 Families Affected by New Phnom Penh Airport Development Receive New Homes
- 21 May 2021
A total of 171 families affected by the new Phnom Penh international airport development have officially received their new houses in a new location under an exchange agreement. Held on the morning of 21 May, the handover ceremony was presided over by Director General of the Housing Department at the MLMUPC HE Benghong Socheat Khemro, Cambodia Airport Investment Co Ltd Deputy Director Mr Charle...
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One High-Voltage Transmission Line & Two Substations Go Online in Mondulkiri
- 21 May 2021
A high voltage transmission line connecting Kratie and Mondulkiri provinces and two substations in Mondulkiri province have officially begun operation, according to Electricite du Cambodge (EDC) Director-General Keo Rattanak. HE Keo Rattanak told Fresh News that the transmission line is a 230 kV line with a length of 133 km. Meanwhile, the two substations include a 33MVA Okvav substation loc...
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Chinese Firm to Inject More Investment into Koh Kong’s Long Bay Resort
- 21 May 2021
Zheng Heng Group, the operator of the Long Bay Resort in Koh Kong province, has claimed to be injecting more investment into its resort to bring this gigantic tourism complex to a whole new level. The firm revealed the plan during a meeting with Koh Kong Governor HE Mithona Phouthorng on 21 May. According to Fresh News, Chairman of Zhengheng (Cambodia) Co., Ltd. Mr Deng Pibing said the Long ...
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Construction of Thailand’s New US$63 million Highway Connecting to Cambodian Border 70% Complete
- 21 May 2021
Construction of a new highway connecting Thailand’s Ban Nong Ian in Sa Kaeo province to the Cambodia-Thailand border town of Stung Bot in Banteay Meanchey province is now about 70% complete, according to the Bangkok Post yesterday. The four-lane road will be named Highway 3646 and has a total length of 25 kilometres, connecting with Highway 33 and Highway 3366 of Thailand before reaching the Ca...
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Experts Share 6 Key Adaption Strategies to Survive While Waiting for Property Market Recovery
- 21 May 2021
Local analysts are optimistic that the real estate market and the economy as a whole, could recover in early 2022 after the COVID-19 pandemic subsides. However, from now to early 2022 is quite a long time to survive especially for businesses that are highly affected by the pandemic. Besides, the beginning of 2022 is only a forecast recovery timeline, which will or will not happen as predicted. ...
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Experts: SHV’s Current Economic Slowdown Ending of First Growth cycle; Next Cycle Could be 5 times Higher
- 20 May 2021
Real estate experts have predicted that the current slowdown in investment activities in Sihanoukville is just the end of the first growth cycle, with yet more investment waves to come soon with at least five times the current investment value. Experts shared their forecasts during a forum to discuss the real estate market status, which was organised by Cambodian Valuers and Estate Agents Assoc...
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Singaporean Firm PropNex Enters Cambodia Property Market with Over 500 Sales Agents
- 20 May 2021
Singapore’s largest listed real estate agency PropNex has expanded its business into the Cambodian market with a headquarters in Phnom Penh and office branches in Siem Reap and Sihanoukville, according to the firm’s press release on 19 May. The expansion will add over 500 sale agents in Cambodia and bring up the total agents of the firm to over 12,000 regionally in Singapore, Indonesia, Malaysi...
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