Government Issues Measures to Strengthen Management of State Land

In order to more effectively manage state land, the Ministry of Land Management Urban Planning and Construction (MLMUPC) has issued a letter requesting cooperation from capital and provincial governors. According to a letter dated 16 January, 2019, Deputy Prime Minister H.E Chea Sophara, Minister of MLMUPC requested that the governors of cities and provinces who chair state land management comm...

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Cambodia Property Awards 2019 kicks off

After three years of success, one of Asia’s foremost online property company PropertyGuru Group has officially announced the return of its 'Cambodia Property Awards’. On 15 January, 2019, PropertyGuru Group organizes a media round table to kick off the 'Cambodia Property Awards 2019'competition at Raffles Hotel Le Royal Phnom Penh. The competition is aimed at finding best property in Cambodia. ...

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Cambodia-thailand Eye Trade Expansion on Air Conditioners

Sample photo by thenational.ae With two-way trade continuing to increase every year, Cambodia and Thailand businesses are looking to expand the air conditioner market as a result of a business matching platform held on 16 January, 2019. Aimed at boosting trade in air conditioners, as well as electrical and auto parts, the Thai Department of International Trade Promotion at the Ministry of Co...

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Government to Seek Investment for Road Linking Three Provinces

In a bid to ease travelling and transportation, the government is seeking investment capital for a road construction project linking three major provinces, according to an announcement made by Cambodia’s head of government. Speaking at the inauguration of the Ring Road No.3 on 14 January, 2019, Prime Minister Samdech Techo Hun Sen announced a plan to build infrastructure connecting Koh Kong, Pu...

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Myanmar Embraces Affordable Housing

Authorities in Myanmar are focusing on increasing the availability and quality of affordable housing. “Although regulations have been created for luxury housing, there is no law covering the ordinary apartments. The government is working to draft such regulations under the National Housing Development Law,” Daw MiMi Tin, deputy director general of the Policy and Project Section of the Departmen...

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Construction of Ring Road No.3 Begins

Construction on Ring Road No.3 linking the capital of Phnom Penh to Kandal Province has been officially inaugurated by Cambodian Prime Minister SamdechTecho Hun Sen. On 14 January 2019, Samdech Techo Hun Sen presided over the groundbreaking ceremony for the construction of the 52.9-kilometre Ring Road No.3 which stretches through Kandal Province for 38 kilometres and Phnom Penh for 15 kilometre...

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Chip Mong Inaugurates US$150 Million International Mixed-Use Development

The Royal Field Development Company Limited, a subsidiary of Chip Mong Group broke ground on its 45-storey international mixed-use development, according to a press release issued by the company. On 14 January, 2019, the company began construction on the US$150 million project located along Russian Boulevard near the 5 January flyover. The complex is scheduled to finish construction and open in...

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ADB Selects Ramboll for Development Project in Cambodia

Sample photo by Pixabay The Asian Development Bank (ADB) has selected global engineering firm Ramboll for its development projects in Cambodia, according to the company. Earlier this week, Ramboll said that ADB had selected its company for the large sanitation and wastewater treatment project in the four provinces. “The project will finance for sanitation subprojects in the city of Siem R...

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US Firm Aims to Create World Longest U-shaped Building

Responding to the building height limitation in New York, an architectural firm in the United States has designed the world’slongestU-shaped building. Called 'The Big Bend', this stunning building has been designed by US-based architectural Oiio, and will stretch in the heart of Manhattan, New York. Standing 4,000-foot long (about 1,219 metres), 'The Big Bend' was designed by Mr Ioannis Oiko...

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Options for Investing in Lease Properties

Most of the condominium units in Cambodia nowadays are offered on a freehold basis. However, you will occasionally come across different types of projects that are offered on leasehold if the option of freehold is not available, such as buying land. Properties located on land that is not available for freehold, such as land that is owned by individuals and private entities who do not wish to se...

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Wow Wow…Winning Home Prizes!

Finally, the “ISI PALM Lucky Draw” brought fortune to its customers who have now become the proud owners of 43-inch LG TVs (50 prizes) and ZOOMER X 2018 motorcycles (30 prizes). Most especially was one unit of a Mekong house model MH 962 to Mr Lim Darith who lives at Samrong Thom Commune, Kien Svay District, Kandal Province. The lucky draw was held on Sunday 06 January 2019, at the CNC TV stati...

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Oknha Mong Reththy Teams Up With Japanese Firm to Build Motor Racing Circuit

To promote and diversify Cambodian sports, renowned investor Oknha Mong Reththy has decided to team up with a Japanese firm to construct a Grade 2 motor racing circuit in Kampong Speu province. On 07 January, 2019, Oknha Mong Reththy announced the project through his official Facebook page where Mong Reththy Group signed an agreement for the project with Yamamoto Rock Products Co Ltd. The pr...

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