US$230 million Pursat River Dam Construction Starts
Construction of the US$230 million 80MV dam in Pursat province has begun and is set to go online by the end of 2023, according to the Ministry of Mines and Energy’s spokesman. Located on the Pursat River in Pramuoy commune, Veal Veng district, the project is being built by South Korean firm SPHP (Cambodia) Co Ltd. The feasibility study on the dam took a number of years, and in 2019 the gover...
Read MoreExpert: Potential in Kampot Property Market Amid Rise in Domestic Tourism
Despite the COVID-19 crisis, Kampot has become a province with significant property investment potential, as domestic tourism is rising, according to a local real estate expert. President of KW Cambodia Dr. Kim Heang told Construction & Property Magazine on 11 August that compared to other coastal provinces, Kampot has the most tourist flow due to its shorter distance from Phnom Penh. "T...
Read MoreTax on Unused Land in Cambodia
In Cambodia, some properties are taxable, while others are not. Among them, unused land is considered taxable, although tax payments on properties are not, all the same, depending on the type, size, and location of the property. For instance, the tax base of unused land is not the same as the tax base of immovable property, as stated in Article 13 of the Finance Law in 2010, which refers to land, ...
Read MoreGovernment Leases Land in Botum Sakor National Park to Royal Group
The Cambodian government issued sub-decree on 06 August leasing 168.8 hectares of land in Botum Sakor National Park in Koh Kong province to the Royal Group for the development of a 700-megawatt coal-fired power plant project. Located in Thmor Sar and Chamlong Kor villages, Botum Sakor district, the land has been granted to the Royal Group with a sustainable development term. According to the...
Read MoreConstruction of Sala Ta On Dam in Battambang Complete in 2021
The Sala Ta On Dam project in Battambang city is now 70% complete and is set to go online by June 2021, according to the Ministry of Water Resources and Meteorology on 06 August. With ground broken in early 2019, this project is one funded by the Republic of Korea and will be able to supply water to over 11,000 hectares of agricultural land in the rainy season and 4,000 hectares in the dry seas...
Read MoreNational Rehabilitation Centre to be Built in Sihanoukville
The Thai government will help build a National Rehabilitation and Vocational Training Centre on 20-hectare site in Stung Hav district, Sihanoukville province, according to the National Authority for Combating Drugs (NACD) President General Ke Kim Yan. During an inspection on 06 August, General Kim Yan said that the centre is located in Rithy 2 village, Stung Hav district and will be partially f...
Read MoreDauntri Dam in Battambang 26% Complete, Online by 2023
Construction of the Dauntri Dam project in Rukhak Kiri district in Battambang province is now 26% complete and is set to go online by 2023, according to the Ministry of Water Resources and Meteorology on 06 August. Located about 90km northwest from Battambang city, the dam is funded by the Republic of Korea and can supply water to over 33,000 hectares of agricultural land in the rainy season an...
Read MoreNR10 Connecting Battambang to Koh Kong 36% Complete
After six months of construction, National Road 10 (NR10) linking Battambang and Koh Kong provinces is now 36% complete, according to the Ministry of Public Works and Transport inspection on 06 August. Stretching over 199km, the road links Samlot district of Battambang province to Koh Kong province passing through Veal Veng district in Pursat province. The project is being developed by China...
Read MorePP-SHV Expressway Resettlement Almost Finalised
The resettlement for the Phnom Penh-Sihanoukville expressway including land clearing and compensation is almost finalised, while the construction is about 25% complete as of the end of July. Ministry of Public Works and Transport spokesman Heang Sotheayuth told Construction & Property Magazine on 06 August that the impact resettlement is about 93.71% complete, and that the Ministry of Econo...
Read MoreUS$26 million Stueng Bat International Border Checkpoint 5% Complete
The construction of the Stueng Bat-Ban Nong Ing international border checkpoint, which includes the infrastructures and administrative buildings, is now 5% complete and is scheduled for completion in the next 21 months, according to the Ministry of Public Works and Transport on 05 August. The infrastructure includes border checkpoint buildings, dormitory buildings, transit terminals, warehouses...
Read MoreWhat Type of Land Developments Must be Approved by the Competent Authorities?
The land is a type of immovable property that has great potential in the real estate business and many services in Cambodia, especially in the metropolitan and development areas which have recently been booming. Land development is defined as an activity of land organisation by changing the type of land use, changing land use functions, integrating parcels, compacting land parcels, changing the...
Read MoreAeon to Build its First US$180 million Mall in Myanmar in 2021
Aeon plans to build the first Aeon Mall in Yangon, Myanmar, in early 2021 with an investment of US$180 million, according to the Nikkei Asian Review on 06 August. As a joint venture between Aeon Mall and Shwe Taung, the project will be built on 72,000 square metres of land and is scheduled to open in 2023. President of Aeon Mall Yasutsugu Iwamura said in Nikkei Asian Review that although the...
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