Koh Norea Development Project 48% Complete, First Phase Set for Completion in 2023
Construction of the main infrastructure for the US$2.5-billion Koh Norea development project remains on track despite the pandemic, as of September 2021, reaching an average of 48% competition. Project General manager Men Poly told the Construction & Property Magazine on Wednesday 15 September that there are five main parts of the construction, each of which […]
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Chip Mong Land Acquires Granferte Tower, Marking its First Entry into the Serviced Apartment Sector
One of Cambodia’s leading real estate developers Chip Mong Land has recently expanded its business territory into the serviced apartment sector for the first time after it successfully acquired Granferte Phnom Penh from Leopard 21. The acquisition transaction was completed on Wednesday 15 September 2021, when Chip Mong Land also began its operation and management. […]
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GDT to Strengthen Property & Unused Land Tax Collection Through Online Platform
The General Department of Taxation (GDT) will continue strengthening tax collection on real estate and unused lands nationwide through its new online payment platform. The GDT stated that through the implementation of online tax collection as well as conventional methods, the department expects to reach its target tax income for the 2021 fiscal year, according […]
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Cambodia’s Largest Construction Exhibition Set Be Held Virtually in December
The Cambodian Constructors Association (CCA) has decided to host the 2021 Cambodia Construction Industry Expo, the kingdom’s largest annual construction exhibition, virtually on 2-4 December 2021, reflecting the association’s long-term vision toward digitalisation as a resilient response to the ongoing COVID-19 pandemic. According to CCA Secretariat General Manager Chhiv Sivpheng, this virtual exhibition is the […]
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New US$3.7 million Septic Treatment Plant Set to Begin Construction Soon in Phnom Penh
The Phnom Penh Capital Administration has planned to build a septic treatment plant which is part of the projects to enhance the well-being of people in the city. The septic treatment plant project is a result of the joint cooperation between the Phnom Penh Administration and Association Internationale des Maires Francophones, an international organisation of […]
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India Eyes Potential Investment in Mining Sector in Cambodia
The Indian ambassador to Cambodia has announced that many Indian private firms are looking for investment opportunities in the mining sector in Cambodia, mainly for gold and iron. Indian Ambassador HE Devyani Uttam Khobragade made the remarks during a recent meeting with Minister of Mines and Energy HE Suy Sem. The meeting was mainly focused […]
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New US$21 million Ford Motor Cambodia Assembly Plant Set for Pursat Province
A new US$21 million Ford Motor Cambodia assembly plant is set to open in Pursat province soon, as the relevant government bodies and the investment firm have already reached an agreement. The plan to establish this giant plant was revealed during a meeting held on Tuesday 14 September between the Pursat governor, the Inter-Ministerial Committee, […]
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Cambodia Asks WB for Larger-Scale Financial Assistance in Infrastructure Development
The Minister of Economy and Finance (MEF) has requested the World Bank to consider providing larger-scale financial assistance, known as advanced concessional loans, for Cambodia, in particular for nationwide infrastructure investment projects. The remark was made by MEF Minister HE Aun Pornmoniroth in the virtual farewell meeting with the outgoing Vice President for East Asia […]
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Legal Documents You Need to Know Before Buying Homes in a Borey
Partnered Article Landed property, or known in Cambodia as a ‘borey’ in Khmer, refers to a gated community comprising various housing types including villas, shophouses, link houses and flat houses. This type of property is the most popular in Cambodia, thanks to its large space and relatively lower price compared to condominiums. However, as buyers, […]
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EuroCham to Host Virtual Conference Addressing Necessity of Standards in Real Estate Sector
The European Chamber of Commerce in Cambodia (EuroCham) will host a virtual conference addressing “The Importance of Standards in the Real Estate Industry – A Case for Following RICS Standards” on Thursday 16 September. The webinar session will gather leading real estate & construction experts and professionals to share knowledge and the most up-to-date know-how […]
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China Plays Key Role in Infrastructure Development in Cambodia, says PM Hun Sen
China has played a key role in infrastructure development projects in Cambodia, according to Cambodian Prime Minister Samdech Hun Sen. Speaking at the Morodok Techo National Stadium handover ceremony on Sunday, Samdech Hun Sen said to date China is the top financing source for Cambodia’s infrastructure development. “Some would say we lean too much toward […]
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PM Hun Sen to Use Trophy Cash to Build Decent Houses for Veterans
Cambodia Prime Minister Hun Sen will use the US$1 milllion trophy cash from the World Summit of Peace to build decent houses for veterans. The remarks were made after PM Hun Sen won a medal in the “7th World Rally of Hope: Think-Tank 2022” held on 12 September via videoconference on the theme of “Peace […]
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