Govt’ Mull Organizing New Street Food Zone in Sihanoukville
The Sihanouk provincial hall is planning to set up a new standardized street food zone in the province, of which the old theatre garden in Sangkat 2 might be chosen to be the spot. Speaking at the meeting on January 20, 2021, Sihanoukville Governor HE Kuoch Chamroeun said that this standardized street food service will […]
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NBC: Bank Credit Reaches US$37.3 billion in 2020; Over 30% Allocated to Construction & Property Sectors
Customer credit at banks in Cambodia reached US$37.3 billion in 2020, a 14.8% increase; and over 30% of which was allocated to the construction and property sectors, according to a recent National Bank of Cambodia report. The same report also added that bank credit given to the construction sector was 9.2%, property 8.5%, and mortgages […]
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900-year-old Bridge in Siem Reap Under Renovation
The Ta Ong Bridge, a nearly 900-year-old ancient bridge in Siem Reap’s Chi Kreng district, is now under renovation, and according to the Apsara Authority, construction is scheduled to be complete by June this year. Head of the Ta Ong Bridge Rehabilitation Project Puth Soth, said that the bridge is 70 metres long, and 13 […]
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Russey Keo-Chroy Changva Concrete Bridge 36% Complete
Construction of the concrete bridge across the Tonle Sap River from National Road 5 in Russey Keo district to the Chroy Changvar Development Zone has been 36% completed, as of 20 January 2021, according to the Department of Public Works and Transport of Phnom Penh. This concrete bridge is being built parallel with the temporary […]
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Expert: Five Key Drivers Boosting Cambodian Real Estate Market in 2021
The President of the Cambodian Valuers and Estate Agents Association (CVEA) Mr Chrek Soknim has said that there are five key drivers which have been stabilising the Cambodian real estate market in 2020 and will also help boost the market in 2021. “The first important factor is the strong financial institutions, which keep injecting loans […]
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Solutions for Land and Housing Shortages
According to CBRE Cambodia, the supply of condominiums reached over 25,000 units in the market by the end of 2020 and is expected to jump to 38,000 units by 2021. Data from Knight Frank Cambodia also shows that by the end of 2019, a total of more than 55,000 housing units are available on the […]
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US Provides Aid to Renovate Preah Vihear and Bakheng Temples
The United States government has provided almost half a million dollars in grant aid to help restore and renovate two ancient temples in Cambodia— Preah Vihear and Bakheng.. According to AKP, this project is the result of cooperation between the Ministry of Culture and Fine Arts, the US Embassy in Cambodia, and the World Monument […]
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Active Recreation Made For Your Family
Advertorial: Whether you are looking for the perfect billiard table or considering creating an entertainment room, SEARA has your complete active recreation solutions available. From billiard tables, game tables, and accessories to compliment your entertainment room, our world-leading partner, Brunswick, ensures that you will have everything that you will need to make your dream entertainment […]
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Construction on US$190 million Bakeng Water Treatment Facility to Start This Month
Construction on a water treatment facility located in Bakeng, in northern Phnom Penh, is set to start in late January, which, when complete, will have the capacity to supply 190,000 cubic metres of clean water per day. The groundbreaking ceremony will be presided over by Cambodian Prime Minister Samdech Hun Sen. The budget for this […]
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Is a Construction Site Opening Permit Required if a Construction Permit is Already Held?
Most new project owners believe that after obtaining a construction permit, they can start the construction site without having to apply for any further permits. Is that true? According to sub-decree No. 224 RNKR.BK regarding construction permits dated 30 December 2020, all new constructions, renovations, installations and demolitions must hold a permit of construction site […]
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CDC Approves Total of 238 Investment Projects Worth Over US$8 billion in 2020
In 2020, the Council for the Development of Cambodia (CDC) approved a total of 238 investment projects, or equivalent to an investment value of US$8 billion, according to government spokesman HE Phay Siphan. At a press conference on the work progress and future direction of the Commune/Sangkat on the morning of 19 January, HE Siphan […]
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Current Status & Future Projection of Real Estate Market in Flood Prone Region of South Phnom Penh
Before October 2020, Mrs Si Chantha made a reasonable income by selling coffee and drinks in front of her house in a large borey around the Kuor Srov roundabout, in south Phnom Penh. Mrs Chantha could do so well thanks to many residents having moved into thousands of houses in the newly-built borey. However, her […]
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