188 Residential Locations Approved for Construction

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Construction Investment Skyrockets

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Property Tax Registration Service Field Study to Start 12 February

The General Department of Taxation (GDT) has urged all property owners in Phnom Penh to get their documents ready for the upcoming property tax registration and information update campaign which will start on 12 February. According to the official letter issued by GDT, officers will go to the field to collect data, survey, take photos, and talk to the property owners about their property status...

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Work on Water Taxi Service to Start in April

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First Large-scale Underground Parking to Open Early 2018

Developed and built by Oversea Cambodia Investment Corporation (OCIC), a long-awaited underground parking space facility situated between Canadia Tower and Vattanac Capital in downtown Phnom Penh is on schedule to open early next year. After nearly two years of construction since work began in late 2015, Oversea Cambodia Investment Corporation (OCIC), the firm behind dozens of developments and the...

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Over 600 Road Lines Restored by End 2017

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Over 600 Road Lines Restored by End 2017

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Land Due Diligence Process

A. Objective: Why is it important to know your own objective? At a very outset of your due diligence (“DD”) process, it is imperative that you know your objective. Having concrete knowledge about your objective assists you in identifying your scope of work and set a clear direction for your activities. It allows you to be able to build your focus on the whole DD project. Without a clear idea of y...

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Architecture Décor Expo2018 Sets Schedule

The 3rd Cambodia Architect & Décor Expo is to be hosted on 24-26 May 2018 on the theme of “Design for a better workplace and living”. The Thai-based firm ICVeX Co Ltd, subsidiary of Index Creative Village PCL (ICV), and the Cambodian Society of Architects (CSA), will jointly organise the two-day trade show at the Diamond Island Convention Center in Phnom Penh, and will bring together hundreds ...

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Japan to fund development in two sectors in Cambodia

Road rehabilitation activity The Japanese government has recently approved the provision of USD329, 736 for development in two major sectors in Cambodia. According to state-run media outlet AKP News in early December, the projects will mainly focus on road rehabilitation and health centre supply. USD87, 587 of the total funding will reportedly be used for road renovations in Rovieng district...

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Eco-resort Set for Siem Reap

Angkor Wat Temple Developer SONG SAA Collective first received approval from the Cambodian government in 2012 to develop and launch “Song Saa Island” a conservation-based luxury tourism resort on Cambodia’s Koh Rong Archipelago in Sihanouk province. Now the developer is eyeing the development of an eco-resort in Banteay Srei District, Siem Reap province. According to a press release from the...

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China to Invest Usd7bn in Four Sectors in Cambodia

Two giant Chinese property and construction players have formally announced they will invest heavily in four sectors in Cambodia with a capital investment worth USD7bn. The announcement was made in late November in Beijing, China following a working discussion between Cambodian Prime Minister Hun Sen, Mr. Zhang Yuling, Chairman of Greenland Holding Group, and Mr. Cheng Risheng, Chairman of Hena...

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