Real Estate Sector in the Philippines Neutral
The real estate sector in the Philippines is currently seeing neutral growth with no progress after the national election posting myriad challenges to the country’s economic growth. J.P. Morgan Global Research has downgraded the Philippines to ‘underweight’ and ranked it last in the order of preference in ASEAN in its equity investment strategy immediately after […]
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10-Year-Old Condos in GTA Cost 19% More Than When Newly Built
On 9 May, Tokyo Kantei announced the results of its Survey on ‘Resale Value (RV) of 10-Year-Old Condominiums in the Greater Tokyo Area for 2021.’ The study focused on 9 -10-year-old secondhand condos listed throughout 2021 and compared them to their original listed price when brand new; data of which Tokyo Kantei is the go-to […]
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42 Main Roads in Kampong Cham City Officially Announced
Main road infrastructures, including 42 concrete roads and DBST rubber roads with a length of 31,917 meters in Kampong Cham city, Kampong Cham province, were officially inaugurated on 12 May 2022 in the presence of HE Dr. Hun Manet and the provincial administration from Kampong Cham. His Excellency Hun Manet, Deputy Commander of the Royal […]
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WealthPark: US$260 Trillion of Globle Residential Real Estate Eight Time Bigger Than Commercial Real Estate
The total global value of residential real estate is approximately US$260 trillion, about eight times the size of commercial real estate, including office buildings and retail facilities, according to a 2022 study report by the technology company, WealthPark. In the report, according to the President of WealthPark Lab, Mr. Kay Kato, housing is the largest […]
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France Provides Assistance to Cambodia, Focusing on Priority Areas Until 2024
The French Agency for Development (AFD) has reaffirmed its commitment to Cambodia with more than US$300 million in financing for projects for 2022-2024, focusing on priority areas including water, sanitation, agriculture, and energy. According to a press release from the French Embassy in Cambodia on Wednesday, a meeting between representatives of the Ministry of Economy […]
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Phnom Penh Autonomous Port Earns Almost US$9.5 million in Q1 2022
The Phnom Penh Autonomous Port earned US$9.49 million in unaudited revenue in the first quarter of 2022, an increase of 17% compared to the same period in 2021. According to a Phnom Penh Autonomous Port report released on 10 May 2022, the source of revenue of the Phnom Penh Autonomous Port received in the first […]
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Construction Starts on Aeon Mall Multifunctional Logistics Centre
The ground has been broken on the multifunctional logistics centre of Aeon Mall (Cambodia) Co Ltd in Sihanoukville SEZ, according to the official website of the Preah Sihanouk Provincial Administration, published from the opening ceremony of Krong Pali on 11 May 2022. Aeon Mall will operate this centre equipped with the necessary licenses required for […]
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Government exchanges 800 hectares of land in the Phnom Tamao Zoo area with the private sector
The government has decided to exchange 800 hectares of land in the Phnom Tamao area to a private company -Khmer Fresh Milk for development, and the government reclaimed 1,122 hectares in three different locations. According to a letter from the Office of the Council of Ministers dated January 14, 2022, two locations in the Phnom […]
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Chinese-Funded National Road 41 Expansion Underway Soon
China Road and Bridge Corporation (CRBC) has been awarded the right to build the National Road 41 expansion connecting National Road 4 and Kampot province. According to the Ministry of Public Works and Transport of Kampong Speu Province, the rehabilitation of National Road 41 is being implemented through cooperation and financing from the People’s Republic […]
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CDC Approves Four Investment Projects Worth Over US$13M in PP, Kandal, Kampong Speu & Takeo
The Council for the Development of Cambodia (CDC) has given permits to 4 private firms to invest in 4 projects worth US$13.9 million in Phnom Penh, Kandal, Kampong Speu and Takeo. The first company is GLORY LIGHT (CAMBODIA) INTERNATIONAL CO., LTD., investing US$3.2 million in building a factory to produce kitchen and office materials (made […]
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Mlech Water Treatment Facility in Kampot Worth Over US$2M Officially Inaugurated
The Mlech water treatment facility located in Bak Nim Village, Chres Commune, Chum Kiri District, Kampot province, and worth over US$2.66M was officially inaugurated on 10 May 2022. Construction on the water treatment and water supply system as well as other infrastructures began on 24 December 2018 and completed the water production test process on […]
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Phnom Penh Flood Protection Phase 5 to Be Begun Soon
Phnom Penh Flood Protection and Drainage Improvement Project Phase 5 will be started soon under the aid of the Royal Government of Japan, according to a meeting on 10 May 2022. This project is under the feasibility study, which will cover the southwestern part of Phnom Penh, namely catchment areas 1, 2, 3, 4, 5, […]
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