How Developers Thrive for Survival After the Market was Hit Hard

By Eric Wong Chon Lap Property developers are thriving for survival after the market was hit hard by circumstances such as the oversupply of residential units in the market, the outflow of foreign investments and the COVID-19 pandemic. Promotional campaigns became a necessity when the desired sales rates faded away. As a result, developers are coming up with creative marketing strategies to ...

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Japanese Firm Mulls Building Waste-to-Energy Plant in Cambodia

A Japanese firm is considering establishing a waste-to-energy plant and liquefied natural gas (LNG) storage stations in Cambodia, according to Japan Ambassador to Cambodia HE Mikami Masahiro. The investment project was raised in a meeting between Minister of Mines and Energy HE Suy Sem and Japan Ambassador HE Mikami Masahiro on November 4, 2020. HE Mikami Masahiro said that the COVID-19 pand...

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Cambodia, Hungary Sign Air Transport Agreement

The Cambodian and Hungarian governments have signed a bilateral aviation transport agreement to facilitate the air transport of goods and passengers between the two countries. The agreement was signed on the afternoon of 03 November between Minister in charge of State Secretariat of Civil Aviation (SSCA) Mao Havannall, and Minister of Foreign Affairs and Trade of Hungary Péter Szijjártó. HE ...

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PM Hun Sen to Break Ground on Siem Reap 38-Road Renovation Project on 16 November

Prime Minister Hun Sen will preside over the ground-breaking ceremony of the Siem Reap 38-road renovation project on 16 November, according to the results of the ministerial meeting on 03 November. Minister of Public Works and Transport HE Sun Chanthol said in the meeting that as of 03 November, plenty of necessary work such as the demolition of illegal buildings located on state land had been ...

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Four Key Strategies Making Tourism City a Worthwhile Investment in Siem Reap

Despite the COVID-19 pandemic, the construction of Tourism City by the OCIC group in Siem Reap is moving ahead as scheduled. Simultaneously, the project remains a high potential real estate investment target in Siem Reap, proven by continuous support from customers since the first launch in 2017 to phase 9 as of today. Sales Manager of Tourism City Mr Hang Vichedra revealed that there are four ...

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What are the Procedures to Register Private Units in Co-owned Buildings?

The term ‘co-owned building’ refers to a building or construction in which many co-owners live together, such as condominiums, attached houses, detached buildings, semi-detached buildings, and other kinds of buildings with a shared structure. Given the multiple owners, the procedure for registering ownership is also different from normal property registration. What are the procedures to registe...

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10% of Hotels in Siem Reap Open, Yet to See Profit

Around 10% of hotels in Siem Reap are now open for operation, however, none of them are able to earn a profit, according to the president of Hotel Association of Cambodia, Siem Reap Branch. David Jaya PIOT, President of the Cambodian Hotel Association in Siem Reap, was quoted in AKP on 27 October that due to the COVID-19 crisis, the hotel business was suffering. Some hotels are closing while so...

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OCIC Mulls Building Expressway from New Phnom Penh Airport to City Centre

Overseas Cambodia Investment Corporation (OCIC) is considering building an expressway connecting its new Phnom Penh International Airport in Kandal province to central Phnom Penh to help ease travel after the airport’s completion in 2023, according to the spokesman for the State Secretariat of Civil Aviation. Spokesman of State Secretariat of Civil Aviation HE Sin Chansereyvutha said that OCIC ...

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New Siem Reap City Development Planning Continues

The Ministry of Tourism has unveiled plans to establish a new Siem Reap city (Grand Siem Reap), located near the under-construction new Siem Reap Airport in Sotr Nikum district. The new city project is part of a master plan for tourism development the province. This statement was stated by H.E. Thong Khon, Minister of Tourism in the meeting of reviewing the results of tourism for the first 9 mo...

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Chinese Aviation Firm Mulls Investing in Cambodia

The State Secretariat of Civil Aviation has recently requested AVIC International Holding Corporation to provide technical assistance for human resource training in the civil aviation sector. In the meantime, the firm is also mulling investing in the aviation sector in Cambodia. The request was proposed during a meeting between the company's general manager Ted Chen and Minister in charge of St...

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MPWT to Implement 43 Infrastructure Enhancement Projects across Border Checkpoints Nationwide

The Ministry of Public Works and Transport (MPWT) plans to develop 43 infrastructure enhancement projects at international land borders nationwide to reduce congestion and boost trades at those borders. The plan was revealed during the second meeting of the National Logistics Council joined by MPTW, the Ministry of Economy and Finance, and other relevant officials on 26 October. MPWT Ministe...

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Cambodia-Singapore Draft Agreement for Phnom Penh Logistics Centre Project

The draft agreement between the Ministry of Public Works and Transport (MPWT) and Singaporean firm YHC to build a Logistics Centre in Phnom Penh, has been completed. Both parties are currently reviewing the content before moving to the next stage. MPWT Minister HE Sun Chanthol said during the meeting with the Ministry of Economy and Finance on 27 October that the responsible officials are reass...

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