GDT Extends One-Time Stamp Duty Tax Policy Until 2023
The General Tax Department (GDT) has decided to extend the policy of allowing property owners to pay only a one-time stamp duty tax for any properties with a record of multiple transfers before 2017. The extension will last until 31 December 2023, according to letter No. 22267 dated 31 December 2021 of the General Department […]
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Construction of Three Major Water Reservoirs in Mondulkiri Province 20% Complete
The construction of O’Te reservoir and the rehabilitation of the Leu and Krom reservoirs in Saen Monourom city and Ou Reang district of Mondulkiri province have been 20% completed, according to the site inspection by Minister of Water Resources and Meteorology HE Lim Kean Hor on 3 January 2022. The minister highly appreciated the progress […]
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Gov’t Plans to Build, Rehabilitate & Upgrade Four Airports
The Cambodian government plans to build two new airports and upgrade two other existing airports, according to the Law on Financial Management for 2022. The four projects are in the projects under the Office of the Council of Ministers, which include the construction of new Ratanakiri and Preah Vihear airports (both Class 3), as well […]
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Gov’t to transform Koh Kong into Cambodia’s largest SEZ cluster
The Cambodian government plans to transform Koh Kong into the largest special economic zone (SEZ) cluster in Cambodia in the near future, according to PM Samdech Hun in the opening speech at the NR48 renovation groundbreaking ceremony on 3 January. “In order to boost the national economy, the government has a clear plan to make […]
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PM Orders All Provincial Governors to Stop ‘Build Now Pay Later’ Deals With Construction Firms
Cambodian Prime Minister Samdech Hun Sen has ordered all provincial governors to stop creating debts with private construction companies through a ‘build now pay later’ method that allows private firms to build infrastructure first and then pay later without going through any bidding procedure or approval from the Ministry of Economy and Finance. PM Hun […]
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PM Hun Sen urges relevant officials to begin NR4 renovation project within this year
Prime Minister Hun Sen has urged relevant officials to wrap up the bidding procedure of the NR4 renovation project soon and if possible begin the construction within this year. PM Hun Sen made the remark during the groundbreaking ceremony NR48 upgrading project on 3 January 2022. The agreement to renovation NR4 was signed […]
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PM Hun Sen Breaks Ground on S. Korea-Funded NR48 Renovation
Ground has officially been broken on the renovation of NR48 connecting the Sre Ambel intersection of NR4 to Koh Kong province’s downtown. The ground-breaking ceremony was held on Monday 3 January and presided over by Cambodian Prime Minister Samdech Hun Sen and Ambassador of the Republic of Korea Park Heung-Kyeong The project will cost US$65 […]
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Study Complete for Korea-Funded Chroy Chongvar–Svay Chrom Bridge
A Korean company has completed the preliminary study of the South Korea-funded Chroy Changvar-Svay Chrum bridge project and already submitted the result to the Cambodian government to select the location and alignment of the bridge. Ambassador of the Republic of Korea to Cambodia Park Heung-kyeong unveiled the information during the ground-breaking ceremony of NR48 on […]
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Siem Reap Bypass Construction Project Reaches Consulting Firms Selection Stage
Seven companies have submitted their Expressions of Interest (EOI) to provide consulting services for the Siem Reap bypass road construction project (EDCF Loan KHM-28). The documents were initially reviewed during the meeting on 30 December chaired by HE Heng Ratanapiseth, Director General of the General Department of Public Works, and attended by representatives of the […]
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MLMUPC pledges to complete land registration nationwide & strengthen construction management in 2022
The Ministry of Land Management, Urban Planning, and Construction has pledged to implement 18 tasks to strengthen land and construction management works in 2022. According to the press release on 30 December 2021, some key tasks include: -Finish 100% land registration of 7 million land plots nationwide -Register economic land concessions 57 companies flooded forest […]
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Expert unveils types of land with high investment potential
Real estate expert and President of KW Cambodia Dr Kim Heang said that land in Cambodia can be categorized into four major types, but among all, only two of which are having great investment potential at the moment and in the upcoming years. “Those four types include agricultural land, tourism land, commercial & industrial land, […]
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Kampong Cham authority begins listing property prices across province
Authorities start surveying property prices across Kampong Cham to strengthen tax collection Kampong Cham provincial authorities are accelerating works on drafting a list of property prices throughout the province to provide a basis for stamp duty and property tax collection. According to the follow-up meeting on 29 December 29, the main objective of the property […]
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