New Siem Reap International Airport 35% Complete, On Schedule
As of 23 December, construction of the new Siem Reap Angkor International Airport (AIAI) is 35% complete and expected to finish in March 2023 as scheduled. According to the site inspection by State Secretariat of Civil Aviation (SSCA) HE Mao Havannall on 23 December, construction on the airport is proceeding smoothly despite the pandemic. During the inspection, Angkor International Airport I...
Read MorePlan floated for Island Mosaic in Penang, Malaysia
A team of Danish and Malaysian architects and engineers has won a competition to design a masterplan for a 1,800-hectare artificial island development on Penang in the Malaccan strait in Malaysia. The BiodiverCity project will feature villages for 16,000 residents along 25km of waterfront, 4.6km of public beaches and 240ha of parks. Homes will be built from low-carbon materials and energy wi...
Read MoreAnother housing project to rise along 60-meter road South of Phnom Penh
A new housing project—THE RESIDENCE—will be officially launched on December 23, marking another step forward in transforming Southern Phnom Penh to become a new residential and commercial hub. Spreading on over 88,000 square meters of land, THE RESIDENCE project consists of 574 houses with four types. This project is located in potential location along the 60-metre road and also surrounded b...
Read MoreSeven Tourism Projects Planned for Koh Kong Province
A private firm is planning to develop seven tourism projects on approximately 10 hectares of land in Botum Sakor and Mondol Seima districts of Koh Kong province, according to the Koh Kong administration. The project was proposed by Ms Keo Ratana and is currently in the study phase, and the Secretary of State of the Ministry of Environment HE Srun Darith and relevant officers on inspected the si...
Read MoreGDT to Launch Property Tax Application Soon
The General Department of Taxation (GDT) plans to launch a property tax application in 2021 to ease tax payment and help maintain social distance during the pandemic. According to GDT Director-General HE Kong Vibol during a live show reporting GDT’s work progress on 17 December, the application is almost ready, but GDT officials have to go through training first before launching the app. “…P...
Read MoreNeak Oknha Pung Kheav Se Welcomes All Construction Firms Interested in OCIC Projects
OCIC and CCA Chairman Neak Oknha Pung Kheav Se has said that his firm welcomes all construction companies who wish to take part in any OCIC development projects. “We are open and welcome any firms who want to work with us, for example, the landfilling [reclamation] work at the new Phnom Penh Airport and Koh Norea projects,” Neak Oknha Pung Kheav told Construction & Property Magazine on 18 D...
Read MoreConstruction of the US$2-million Cambodia-Thailand Commercial Route Almost Complete
The US$2-million commercial road connecting Trat province of Thailand to Veal Veng district of Pursat province is 90% complete and is scheduled to be completed ahead of schedule. According to the Pursat provincial administration on 20 December, the Thai government has spent almost US$2 million to build this road linking the two countries. The road is built with AC type, with 4 lanes, and is 14 ...
Read MoreGov’t to Strengthen Household Electrical Security via Four New IEC standards
The Ministry of Industry, Science, Technology and Innovation (MISTI) has adopted four International Electrotechnical Commission (IEC) standards to strengthen household electrical security in Cambodia. MISTI announced this new standard acceptance during the 23rd video call meeting of the National Standards Council (NSC) on 18 December. MISTI Minister HE Cham Prasidh said that these new standa...
Read MoreOCIC to Invest Over US$600 million in Infrastructure Development Next Year
The Overseas Cambodia Investment Corporation (OCIC) has invested approximately US$300 million to develop many massive projects this year, as the firm also plans to invest at least US$600 million more in 2021. OCIC’s chairman Neak Oknha Pung Kheav Se told Construction & Property Magazine on 19 December that the firm has invested around US$70 million in the Koh Norea project and another US$20...
Read More26 Companies Compete to Develop Indonesian Airport
With the Indonesian government planning to transform Lombok Airport to drive the tourism business on the island as a second choice to Bali, 26 companies have expressed interest in bidding to develop and operate the new airport. The US$700-million project has attracted world-leading contractors such as Bechtel and Vinci (the latter which has developed Cambodia’s airports) and airport operators i...
Read MoreThailand Offers Residency Via Condo Purchase System
In a process approved at the end of November, Thailand is to offer residency visas to foreigners purchasing condos or apartments in a bid to shore up the declining real estate sector and shift completed stock for two years starting in 2021. According to Somchai Soongswang, president of Thailand Privilege Card, buyers will be given a free or discounted five-year residency visa valued at THB500,0...
Read MoreTransmission Line Connecting from Oddar Meanchey Power Plant to Siem Reap to Operate Soon
A 230-kilovolt power transmission line connecting from the coal-fired power plant in Oddar Meanchey to Siem Reap is scheduled to operate soon. According to the Siem Reap Provincial Administration, the responsible firm Pestech (Cambodia) PLC is constructing the foundation of the transmission line and cutting down trees that block the line. This transmission line is 135-kilometre long and 30-m...
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