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ខ្មែរ 
Siem Reap 38-Road Renovation Project 30% Complete Despite Surge in Community Outbreak
- 16 March 2021
Amid the recent surge in COVID-19 community transmission, construction on the 38-road renovation project in Siem Reap is still proceeding smoothly and will be completed as scheduled by early 2022, according to Siem Reap city governor Nuon Putheara. Mr Nuon Putheara said on 15 March that the project is around 30% complete so far. Meanwhile, the current ongoing works include paving, upgrading the...
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COVID-19 Crisis Proves Strongest Developers, Says Analyst
- 16 March 2021
As of the beginning of 2021, the real estate market in Cambodia remains under pressure from the COVID-19 crisis, especially given the recent surge in community transmissions. Real estate analysts, on the other hand, view this long-period pressure as a reflection of which project developers have the strongest position in the market. Managing Director of CBRE Cambodia Ann Sothida said that during...
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Real Estate Experts Share Key Investment Methods for Low and Middle-Income Earners
- 15 March 2021
Real estate experts have urged low and middle-income earners to get more involved in the real estate market, claiming investing in real estate is not complicated as it sounds. Vice President of Cambodia Valuers and Estate Agents Association (CVEA) Man Chandy said investing in real estate does not always require huge capital. Even with an average income of US$500 per month, one can also invest i...
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PropertyGuru Cambodia Property Awards Programme Launches 2021 Timeline
- 15 March 2021
Cambodia’s most prestigious real estate awards programme has officially entered its sixth year with the announcement of the timeline for the 2021 PropertyGuru Cambodia Property Awards. The window for entries commenced on 01 January and the deadline for applications is set for 09 July. The programme will culminate with the announcement of Cambodia’s best and winning developers and projects on 03...
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Prek Pnov District to Welcome New 75-hectare National Park
- 15 March 2021
Phnom Penh Municipality is turning a 75-hectare land plot Boeung Ta Mok lake in Prek Pnov district into a large national park, as over 100,000 trees will be soon planted in the area, according to Phnom Penh Governor HE Khuong Sreng. The governor said that this national park is an initiative of Prime Minister Hun Sen to create a green lung in the capital. "This park is our PM’s long-term vers...
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QR Code Scanning on Property Ownership Title Service Temporarily Suspended
- 15 March 2021
The Ministry of Land Management, Urban Planning and Construction announced on 14 March that the ministry is temporarily suspending the QR code scanning service on property ownership titles due to technical issue. The ministry announcement added that the technical team is currently re-installing the system, and the ministry will notify the public once again when the system is ready. The scann...
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Surge in Community Outbreak to Hurt Property Market Until Q3, Say Analysts
- 15 March 2021
Local property market insiders say that the recent surge in COVID-19 community transmissions in Cambodia is putting quite severe pressure on the real estate market and will continue to get even worse if the situation prolongs. Mr Sorn Seap, founder and director of Key Real Estate, said that the market was seeing a positive trend before the 20 February incident. However, the recent local outbrea...
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Pros and Cons of Buying a Foreclosed Property
- 13 March 2021
Most investors are reluctant to buy foreclosed property as they do not want to deal with complicated court procedures despite the low price. However, buying a foreclosed property is not always complicated if you know how to analyze the property and follow the procedure well. A foreclosed property is a property that the original owner used as collateral to secure the loan but was later forced to...
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39MW Solar Power Plant in Banteay Meanchey Connected to National Grid
- 12 March 2021
A 39-megawatt solar power plant in Banteay Meanchey province was recently connected to the national grid, according to PR Newswire on 10 March. The project was constructed by Chinese company Shanxi Electric Power Engineering, with JR Solar as the supplier of all solar modules. According to the same source, the plant is the largest renewable energy (in terms of installation capacity) project ...
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Ten Hectares of Land in Kampong Speu to be Cremation Site for COVID-19 Fatalities
- 12 March 2021
An area of about 10 hectares in Aoral district, Kampong Speu province will be used as a crematorium for the COVID-19 fatalities, according to Phnom Penh Municipality spokesperson Met Meas Pheakdey. Mr Pheakdey told Fresh News on 12 March that the local location in Aoral district is safe and can serve as a cremation site as it does not affect the community's livelihoods. He also added that th...
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Strong Fiscal Support, New Trade Opportunities, Growth in FDI are Key Drivers for Cambodia’s Post-Pandemic Recovery
- 12 March 2021
A special report by DHL researchers has expressed optimism that Cambodia will recover quickly from the pandemic crisis due to three main factors including ongoing fiscal support, new trade opportunities, and expected growth in FDI inflows. Published in the Business Times in early March, the report stated that the first driver of growth for Cambodia is the strong support from the government thro...
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CCA Chairman Donates US$3 million to Fight Against COVID-19 Pandemic
- 12 March 2021
Neak Oknha Pung Kheav Se, Chairman of the Cambodia Constructors Association (CCA), the Board of Canadia Group and OCIC, has donated another US$3 million to the Cambodian government to fight against the recent surge in local COVID-19 transmission. This is not the first time that the Neak Oknha Pung Kheav Se has contributed to the country. In early December last year, he also donated US$3 million...
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