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ខ្មែរ 
140-megawatt Solar Power Projects Approved
- 15 July 2019
The government has decided to allow more investment in renewable solar power in response to the increasing demand for energy consumption. At a cabinet meeting on Friday, four solar projects were approved, with a total of 140 megawatts. According to the Council of the Ministers, the four solar power approvals were for a 60-megawatt project in Battambang province, a 30-megawatt project in Purs...
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HYPOTHEC: THE MOST COMMON USED ENCUMBRANCE IN CAMBODIA
- 13 July 2019
by Sciaroni & Associates, Unofficial translated by Construction & Property Magazine Since the introduction of the Civil Code of the Kingdom of Cambodia in 2007, a hypothec has been known as one of the most commonly-used encumbrances for securing an obligation. This short article will briefly discuss the general overview of hypothec, its advantages as well as how to perfect a hypothec ag...
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Kampot City to become tourism and agricultural product processing hub
- 12 July 2019
The government has identified Kampot city as one of the most important tourist destinations and an agricultural product collection hub for exports to international markets, while the physical infrastructure in the coastal city remains under construction and development. According to the Urban Planning 2030 plan for Kampot city, the government aims to develop Kampot town to be a ‘green pearl, na...
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Most Cambodians Are Confused About Using the Word Sangsei, Bangsei, and Eangban
- 12 July 2019
With thousands of years of history and the diversification of wording in the Cambodia language, Cambodians nowadays use different words to define certain things that have the same meaning. Even so, currently there is only one Khmer dictionary from Chuan Nat that is used to define words that are correct in the written form. In fact, Cambodians often use words differently according to their regio...
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Preah Sihanoukville province needs sand from other provinces to supply construction sector
- 11 July 2019
With its booming construction sector Preah Sihanoukville province does not have enough quality sand for construction and supply is reliant on it being transported from other provinces. Officials have said that transporting sand from other provinces incurs high transport costs, leading to an increase in sand prices in the province. Speaking at a recent press conference, Oeng Dypola, Deputy Direc...
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Condominium Development Shifts to Affordability After Decrease in Roi on High-end
- 11 July 2019
The development trend in the Phnom Penh condominium market has now shifted toward the affordable segment following a decrease in return of investment on the high-end segment which industry insiders believe is a positive sign for the market. According to the recent Q2 2019 Phnom Penh Market Update report by international real estate agent CBRE Cambodia, eight new condominium projects totaling 5,...
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Kingdom’s Premier Architecture and Decor Expo Returns for Biggest Event to Date With a Focus on Smart Living
- 10 July 2019
The Cambodia Architect & Decor Expo wrapped up its fourth annual instalment on Saturday 8 June after an action-packed three days that brought together more than 180 local and international exhibitors, brands and partners from across 19 countries. The multi-faceted expo, organised by ICVeX Co Ltd in association with the Cambodian Society of Architects (CSA), at Phnom Penh’s prestigious Diamo...
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Indonesian Government Raises Price Threshold for Tax on Luxury Properties
- 10 July 2019
Photo by Facts of Indonesia In an effort to boost its real estate industry, the government of Indonesia is raising the price threshold of luxury sales tax on residential property. In a reversal of recent policies, a levy of 20 percent will apply to buyers of luxury residential units worth US$2.1 million or more in a departure from housing policies instituted a few years ago when the tax thre...
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New law in discussion for controlling security and public order in boreys
- 9 July 2019
The Ministry of Interior has begun discussions on compiling and formulating new laws for controlling public order and security in boreys, amid the rapid growth of this type of residential development. Ministry of Interior spokesman Khieu Sopheak said on 09 July that the draft law on the management of boreys is aimed at tightening security in public and residential areas, saying that there have ...
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Expert Says Four Locations Seeing Strong Construction Growth in 2019
- 9 July 2019
With the Ministry of Land Management Urban Planning and Construction (MLMUPC) projecting that construction is expected to increase sharply in 2019 compared to 2018, an industry expert has identified four areas in Cambodia seeing strong growth. With more than US$2.7 billion construction investment approved in the first five months of 2019, real estate expert and founder of Key Real Estate Mr Sor...
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Waterfront Resort Design Unveiled for Jakarta
- 8 July 2019
Australian developer Crown Group has revealed plans to build a US$693 million mixed-use waterfront resort in Jakarta, with marina, beach club and apartments. Designed by Sydney architect Koichi Takada, the towering 9,000 sq m development is planned for Ancol Bay in northern Jakarta. Featuring 3,000 apartments, the resort would set a new benchmark in residential property in Indonesia. Archite...
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Prince Real Estate Selects Cambodia as Strategic Base for Southeast Asia
- 8 July 2019
Photo by Prince Real Estate Group (Cambodia) After establishing a strong presence in the Cambodian market, Chinese property conglomerate Prince Real Estate Group has announced that it has selected Cambodia as a strategic base to achieve its ambition of becoming one of the most influential transnational groups in Southeast Asia. The announcement was made on 06 July 2019 when the company inaug...
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