Japan Provides More Grant Aid for Infrastructure Development in Cambodia
he Japanese government has agreed to provide approximately US$600,000 in grant aid to build infrastructure in Pailin, Kampong Thom and Svay Rieng provinces, after also providing around US$500,000 last week for other development projects in five provinces. The grant contracts were signed on 19 March between Japan Ambassador to Cambodia HE Mikami Masahiro, and the […]
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Kampong Chhnang Land Department Warns Public to be Cautious of Online Real Estate Agent
The Kampong Chhnang Provincial Department of Land Management, Urban Planning, Construction and Cadastral Department has issued a statement informing the public to be careful about a Facebook page named “Dara Panha Real Estate” which posts content selling unregistered land plots. According to the statement released on 21 March, the land plots that the page is […]
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Understanding the Lender’s Rights on Pledged Assets in Cambodia
A pledge is a transaction in which borrowers give possession right of either their movable or immovable property to lenders as collateral to secure a debt or loan. As a lender/lender, besides being able to possess the property, what other rights do you have on the pledged asset? Can the lender sell the pledged asset […]
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International investors eyeing residential properties by the largest homebuilder in the U.S.
Golden Gate Global works closely with Lennar International to offer international real estate investors exclusive opportunities for U.S. home purchases through Lennar’s extensive inventory of residential communities in 21 states of the USA. With global diversification and currency risk management playing an increasingly critical role in investment planning, individuals recognize the need to broaden their […]
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Gov’t Approves Seven Investment Projects Worth Over US$60 million
The Council for the Development of Cambodia (CDC) has officially approved private firms to invest in building six factories, and an aquaculture centre, worth a total budget of US$60 million in Takeo, Pursat, Svay Rieng, Kandal, Preah Sihanouk and Phnom Penh. The first investment permit has been granted to Yuan Shuo (Cambodia) Co., Ltd to […]
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Another Hospital in Dangkor District to Become New COVID-19 Treatment Facility
The Nokor Tep Women’s Hospital located in Sangkat Prey Sar of Dangkor district has been chosen to become another COVID-19 treatment facility, according to Prime Minister Hun Sen during a site inspection on 19 March. Nokor Tep Women’s Hospital has a total area of 25,000 square metres and a capacity of 500 beds. Besides a […]
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GDT Launches Property Tax App & Instruction Video
The General Department of Taxation (GDT) has recently launched a property tax application called ‘GDT Taxpayer App’ to ease tax payment and help maintain social distance during the pandemic.
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Demand for Property Management in Cambodia Rises Due to Pandemic, says CBRE
The demand for property management in Cambodia has risen notably during the COVID-19 pandemic as project owners or building operators are in need to strictly follow safety procedures, according to CBRE Cambodia on 16 March. With increased pressure on balance sheets and the need to professionalise services, developers and tenants are focusing on their core […]
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World Bank’s Land Allocation Program Provides Safety Net to Workers Hit by COVID-19
The Land Allocation for Social and Economic Development (LASED) is a program co-organised by the World Bank and the Ministry of Land Management, Urban Planning and Construction, aiming at gifting land to poor and indigenous people in Cambodia. Since the project began in 2008, at least 30,000 hectares of land have been provided to more […]
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Japan Provides Over 52 million Yen in Aid to Build Healthcare Facilities & Technical Equipment in Five Provinces
The Japanese government has agreed to provide over 52 million yen in aid (approximately US$ 480,000) to build healthcare facilities and some technical equipment in Mondulkiri, Preah Vihear, Siem Reap, Sihanoukville and Kampong Chhnang provinces. The grant contracts were signed yesterday between Japan Ambassador to Cambodia HE Mikami Masahiro, and the representatives of the five […]
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Several Streets in Tuol Kork Area Closed Temporarily for Flood Protection System Construction
The Department of Public Works and Transport of Phnom Penh has announced the closure of some sections along Street 608, Street 315, and Street 598 for 29 days from March 18 to April 15, 2021. The road closures are due to the construction of the new flood protection and sewage system, where the team is […]
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Singaporean Firm Partners with WorldBridge Group to Set Up Central LPG Station in Cambodia
Singaporean firm Gas Union Gas Holdings has partnered with Cambodia Worldbridge Industrial Development (WBID) to form a joint venture to set up a central liquefied petroleum gas (LPG) source in Cambodia. The signing ceremony took place on 10 March. Meanwhile, official business activities and supply operations are scheduled to begin at the end of 2021. […]
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