Siem Reap River Sidewalk Renovation Project to Begin Soon
The 9km Siem Reap River sidewalk renovation project has reached the environmental and social impact assessment stage, as the Ministry of Public Works and Transport and Siem Reap provincial administration last week agreed on four main actions. According to Siem Reap Deputy Governor Ngan Phirun, those agreed actions include preparing the masterplan for the project; […]
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EuroCham CSR Contest 2021 Launched, Construction Firms Urged to Join
The European Chamber of Commerce (EuroCham) in Cambodia launched the CSR Contest and Awards 2021 last week, with both Cambodian entities and foreign businesses, especially within the construction and property sectors, being urged to participate. Officially announced on 10 February, the CSR Contest and Awards 2021 is a Cambodia’s most prestigious CSR recognition award event […]
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MPWT Speeding Up Work on Draft Wastewater and Sewage Law
The Ministry of Public Works and Transport (MPWT) is currently reviewing the wastewater and sewage system draft law again before submitting it for government approval. Undersecretary of State of MPWT HE Kem Borey said in a progress meeting on 10 February that the relevant technical working group is now speeding up the process as MPWT […]
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CDC Approves Two Investment Projects Worth Nearly US$70 Million
The Council for the Development of Cambodia (CDC) has officially approved private firms to invest in building two factories worth nearly US$70 million in Kandal and Svay Rieng provinces. The first investment permit has been granted to Onion Mobility Co., Ltd, with the firm investing US$20 million to build a factory to assemble motorcycles and […]
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Construction of Mondulkiri Airport Expected to Begin in 2022
The construction of the Mondulkiri airport project is expected to begin in 2022 after Prime Minister Hun Sen last week set up a special inter-ministerial committee to accelerate the implementation of this large-scale project. According to State Secretary of Civil Aviation (SSCA) spokesman Sin Chansereyvutha, the feasibility study will be completed within February and will […]
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Five New Ecotourism Developments Planned for Koh Kong Province
Private firms are planning to develop five ecotourism resorts on approximately 50 hectares in the Dong Peng preservation area in Koh Kong province. The project has just received the green light from the government, after both parties inspected and set borders at the actual site on 09 February. All five projects will be developed in […]
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Why is it Necessary to Inspect and Verify Construction Works?
Following the promulgation of the Construction Law in 2019, Cambodia’s construction sector has seen stronger enforcement to maintain the overall quality and safety in the sector. For example, the inspection and verification of construction work by a professional or a licensed certifier firm is legally required before starting to build or demolish any construction work. […]
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2021: Investing in Real Estate? What and Where?
In 2020, the real estate market in Cambodia came under pressure from the COVID-19 pandemic. According to the Cambodia Valuers and Estate Agents Association (CVEA), the number of transactions dropped by 15% – 20%. CBRE Cambodia has also reported the retail market is most affected, followed by the office and condo sectors. (Read more) What […]
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Gov’t has issued over 6 million land titles as of the end of 2020
As of the end of 2020, the Ministry of Land Management, Urban Planning and Construction (MLMUPC) has issued more than 6 million land titles, or equivalent 86.8% of the total unregistered 7 million land plots nationwide. According to a recent report of MLMUPC, the systematic land registration has reached more than 5.4 million titles and […]
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Transport Ministry to Launch Two News Weigh Stations on RR2 and in Kratie Province
To prevent road damage caused mostly by overweight vehicles, the Ministry of Public Works and Transport (MPWT) will soon set up two new weigh stations on the Phnom Penh Ring Road 2 and in Kratie Province. MPWT also plans to build two more in those vulnerable provinces. MPWT Secretary of State HE Seng Chhuon said […]
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Masterplan for US$16 billion Ream City Development Approved
A masterplan to develop an 834-hectare sustainable Ream City by Singaporean firm Surbana Jurong has been approved by Canopy Sands Development, a member of Prince Holding Group, according to The Straits Times. Worth over US$16 billion, the Ream City project will transform the region into a new ecosystem of tourism, commercial and residential city that […]
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Land Price Update in Phnom Penh, Siem Reap, and Sihanoukville
According to Key Real Estate data, during the second half of 2020, land prices in Siem Reap and Sihanoukville dropped on average by 11.2% and 7.2% respectively compared to the same period in 2019. Surprisingly, land price across 14 districts in Phnom Penh on average remained robust, seeing a slight increase of 4.4% despite the […]
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