Fearless Projections of Real Estate Market Trend in 2023
The Cambodian real estate market in 2023 will continue to be under pressure and will not be able to recover to the rate where everyone wanted, while the slowdown will last even longer than expected, mainly due to the negative spill overs of the COVID-19 crisis, the Russia-Ukraine war, and the global economic downturn. The […]
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Construction & Real Estate Loan Shares 18% of Total Credit
Bank loans provided to major sectors grew 19.3% compared to last year, while construction and real estate grabbed approximately 18% of the total loans of US$46 billion, according to a recent official summary. Real estate businesses received 9% of total loans, while construction also took 9%. Personal housing loans accounted for 14%, hotel and the […]
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China & Cambodia aviation remains uncertain despite China’s opening
After China announced the reopening, the flights between Cambodia and China as of January 2023, remained uncertain. According to data from the Secretariat of Civil Aviation, in August 2022, Cambodia had 30 flights between China and Cambodia weekly (quota set by the Chinese side), which means that Cambodian airlines fly 15 times weekly to China […]
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Experts: Land Price in Arey Ksat Temporarily Oversaturated
After the announcement of the new Night Market-Chroy Chagva-Arey Ksat bridge, the land prices in Arey Ksat area is once again skyrocketing. However, experts are urging investors to be more cautious of sudden price fall due to the uncertainty of the bridge project President of the Cambodian Valuers and Estate Agents Association (CVEA) Sorn Seap […]
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Incentives of new investment law
New investment law has been publicly promulgated since October 2021, which is universal to increase revenue collection by embracing long-term business and attracting new investment. (Read more) Particularly, this new law has provided many favourable conditions on tax and customs for qualified investment projects (IQP). (Read more) Besides, it also has many special guarantees for […]
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CDC Approves Four Major Projects Worth US$65.4m in Three Provinces
The Council for the Development of Cambodia (CDC) has given permits to four private firms to invest US$65.4 million to establish four factories in Kampong Speu, Kandal and Svay Rieng provinces. These private companies include: “AROMA SUCCESS GARMENT CO., LTD”, which will invest US$36.6 million to establish a garment factory located in Taing Sno village, […]
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MOMO FARM Needs 10,000 Hectares of Land in Mondulkiri to Raise Dairy Cows
MOMO FARM needs approximately 10,000 hectares of land in Mondulkiri to raise dairy cows and its production process, according to a meeting between the Minister of Agriculture, Forestry and Fisheries HE Dith Tina and MOMO FARM on 18 January. The company intends to expand its business to meet the needs of the local fresh milk […]
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Construction of Techo Peace Hospital Over 80% Complete
The construction of the Techo Peace Hospital is more than 80% complete and is scheduled for completion in June 2023, according to site inspection by Prime Minister Samdech Hun Sen on 19 January. Equipped with modern facilities and tools, the hospital will be specialised in treating cancer patients, especially women, said PM Hun Sen. “Also, […]
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Cambodia to Name Two Roads in Phnom Penh After Indonesian Leaders
The Cambodian government will name two roads in Phnom Penh after Indonesian leaders, according to the official farewell meeting between Phnom Penh Governor HE Khuong Sreng and the Ambassador of the Republic of Indonesia HE Sudirman Haseng on 17 January. The two roads are roads that link from NR6 to Win Win Blvd in Chroy […]
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Indonesia to Break Ground on US$2.7bn Housing Project in New Capital in Q2
Indonesia plans to begin construction of its US$2.7 billion large-scale residential project for civil servants in its new capital by Q2 this year, reported Reuters on 18 January. Head of the Nusantara National Authority Bambang Susantono said his office was negotiating with three private developers for the housing project: a consortium of China’s CCFG Corp […]
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KOICA Approves US$3m Project to Preserve Tuol Sleng Museum Phase II
The Korea International Cooperation Agency (KOICA) approved a US$3 million budget for the preservation of Tuol Sleng Museum (Phase II), according to the official meeting on 17 January. The project will be implemented in five years starting from 2024 under the cooperation between the Ministry of Culture and Fine Arts, KOICA, and UNESCO. Besides this […]
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Royal Group to Build US$300m International Airport on Koh Rong Island
The Royal Group Koh Rong Development Company, a Royal Group Co Ltd subsidiary, will build an international airport on Koh Rong which will take five years to complete. The agreement on the airport master plan was signed on 18 January under the presidency of the Minister in charge of the State Secretariat of Civil Aviation […]
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