Four International Multi-Purpose Buildings to be Built in Three Cambodian Provinces
Four international multi-purpose buildings will be built in Phnom Penh, Koh Kong, and Kep under the support of China’s Belt and Road Initiative (BRI). The first project is the Chong Fang International Building, the tallest of the four projects. Located in Khan Toul Kork, Phnom Penh, the building is to be 180 metres high, 60-floors, […]
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Chumteav Mao Beach to be Developed into Multipurpose Tourist Attraction
Sihanoukville authorities are currently working on a master plan to develop the 13km Poy Chumteav Mao Beach into a new tourist attraction, where visitors can enjoy both day and night time activities. Tourism Department Director Taing Sochetkrisna told the Radio National of Cambodia on 28 August that Poy Chumteav Mao Beach will be the most […]
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GDT to Initiate Capital Gains Tax Collection from January 2021
The General Department of Taxation (GDT) of the Ministry of Economy and Finance will collect tax on capital gains from 01 January 2021, after delaying implementation since July 2020. According to the Prakas of the Ministry of Economy and Finance, capital gains refers to taxable income from the sale or transfer of capital deducted with […]
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New Commercial Centre in Sihanoukville Officially Opens
Sihanoukville Governor HE Kouch Chamroeun presided over the inauguration ceremony of a new Dara Samnang Commercial Center in the city on 28 August. According to the representative of Dara Samnang Commercial Center, Mr Mom Dara, the project was built on a total area of 12,886 square metres in Village 3 of Sangkat 1. He added […]
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Singapore residential sales fall 14% due to COVID-19
Singapore-based property consultant EDMUND TIE & Company has reported that private home prices in Singapore fell by 1% quarter-on-quarter (q-o-q) in Q1 2020, according to their URA All Residential Property Price Index. The Non-Landed Property Price Index (PPI) and the Landed Property Price Index also registered q-o-q declines of 1% and 0.9% in Q1 2020 […]
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New Law Allows More Foreign Workers Amid High Labour Demand in Construction Sector
Photo: the print.in The Ministry of Labour and Vocational Training announced in a Prakas that companies are now allowed to employ more foreign workers if they cannot find enough local staff, amid a high demand for labour in the construction sector. According to the Prakas published on 14 August 2020, companies are now permitted to […]
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Basic Work Completed for 17-hectare Landfill in Sihanoukville
The responsible team has already completed the basic works such as demining and clearing the landscape for the 17-hectares million landfill project in Sihanoukville, according to a meeting between the Ministry of Public Works and Transport and the responsible firm on 26 August. Located in Prey Nob district, the project cost US$5 million and is […]
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Hong Kong Firm Builds a Unique Style Rainwater Collection System in Battambong
Hong Kong architecture firm Orient Occident Atelier has built an unique rainwater collection system in Snoeng village of Battambong province, to mitigate drought and provide clean water to the community. According to DeZeen, the project comprises of two water halls building with the loose and honeycomb brickwork structure to purified water before usage. The first […]
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CVEA President Chosen to Lead ASEAN Valuers Association Next Term
The Cambodia Valuers and Estate Agents Association (CVEA) President Chrek Soknim has been chosen to be the next president of the ASEAN Valuers Association (AVA). Cambodia is also honoured to also be hosting the AVA congress meeting next year. Mr Chrek told Construction & Property Magazine that he and all the CVEA members are very […]
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Chip Mong Land Launches New Villa at the Landmark 60m Project with 8% Discount
Chip Mong Land has launched several new villa models at the Landmark 60m project with a discount of up to 8%. The launching ceremony will be held on 29-30 August 29 at the sales office of the Landmark project. Those new models include Villa King, Villa Queen II, Villa Queen B II; and the launch […]
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First Wellhead Platform of Apsara Oil Field Complete, Going Online This Year
The construction of the minimum facility wellhead platform (Mini-Platform) for the Apsara oil is completed, while the first oil production is expected to be within this year. According to KrisEnergy’s press release on 27 August, the company has completed the mini-platform for Cambodia’s maiden oil field in Indonesia on 25 August. This fabricated structure is […]
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Controversial China-backed Koh Kong Airport to Complete First Phase This Year
The massive controversial Dara Sakor Aiport Project in Koh Kong province is set to see completion of the first phase of construction by the end of this year. The announcement was made during a meeting between Minister of the Secretariat of Civil Aviation HE Mao Havanna and Chairman of the Board of Union Development Company […]
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