Tourism Port in Mekong river plans to be constructed in Kean Svay district
An international standard tourism port has been planned to construct on the lower Mekong River located in Kean Svay district, Kandal province by a private company aiming to contribute and enhance tourism sector development in Phnom Penh. The port construction project was raised up by Prince Real Estate Group in a meeting with H.E. Thong […]
Read More
One Belt, One Road projects resumes work despite COVID-19 fears
China’s One Belt One Road Initiative in Cambodia is continuing as usual despite the ongoing recent lack of construction workers and supplies due to COVID-19, according to the Xinhua website on 02 June 2020. Since the outbreak of COVID-19, the government has released strict measures to prevent the spread include 14-day quarantine and other precautionary […]
Read More
MoE registers 30,000 hectares of natural heritage sites, plans to enlist more
Since 2016, the Ministry of Environment (MoE) has issued sub-decrees to establish 11 historic mountain resorts as natural heritage sites on a total area of 28,719.391 hectares and is now considering list other natural sites. “The Royal Government’s sub-decrees to transform these 11 mountain resorts into mountain natural heritage sites marks our high consideration on […]
Read More
What kind of immovable properties are taxable?
With the real estate sector booming, especially in the land and housing markets in Cambodian cities and provinces, understanding the types of taxable immovable property is important for property developers, land broker agencies and the general public to process their tax payment as required by law. What kind of immovable properties are taxable? The definition […]
Read More
30MW Solar Station in Banteay Meanchey to Supply Power in October
A 30-megawatt solar power station in Banteay Meanchey province is scheduled to generate power to the grid, contributing to demands of power consumption in the province which is currently attracting significant investments. “Recently, a project called 30MW solar power is under construction.”, said Um Reatrey, the provincial governor of Banteay Meanchey on June 4. Currently, […]
Read More
Four Win-Win Memorial Parks to be finished by the end of 2020
The government has announced construction of four parks at the Win-Win Memorial to celebrate the anniversary of the Win-Win policy which will be held in December 2020, according to an official press release from the Ministry of National Defence on 04 June. At a meeting of the Win-Win Palace Construction Team on 03 June 2020, […]
Read More
Successful strategies for real estate developers in this slow market
Aside from the aggressive discounts available in the market, ongoing with the oversupply of condominium units, real estate developers are being urged to come up with new strategies to hit or keep up their sales targets, as sales have remained flat for most condominium developments, with the price collapse most noticeable in Sihanoukville. Affordability has […]
Read More
Japan installs full-scale mechanical screen in Phnom Penh
Japan has installed a full-scale mechanical screen (waste drainage machine)as part of the Phase 4 flood prevention and drainage improvement projects in Phnom Penh, according to the JICA Cambodia Office’s Facebook page on 3 June 2020. This full-scale mechanical screen is an automated mechanical system that helps collect garbage at the entrance of sewage in […]
Read More
Cambodia Airports reveals Sihanoukville International Airport Master plan
Cambodia Airports, the concessionaire of Cambodia’s three international airports, has unveiled its 20-year master plan for Sihanoukville International Airport through to 2040. The long-term master plan has been developed to enhance capacity of the airport by handling increasing volume of passengers, both investors and tourists, and cargo. The future two-decade development project was raised in […]
Read More
PM Hun Sen shows interest in equipping nationwide roads with LEDs
Sihanoukville will soon be the most developed smart city in the kingdom after being equipped with smart light bulbs on the 34 renovated city roads on which construction began in November 2019. Prime Minister Hun Sen made an inspection visit on the progress of the road construction projects in Sihanoukville on 01 June 2020. “I […]
Read More
Revolution of future office spaces
The office market will keep growing as land prices continue to soar, just as office rents in Phnom Penh have risen consistently over the last few years, despite the incoming supplies on the market. The office market today in Phnom Penh is still on the rise and, so far, there is no risk factors currently […]
Read More
People Request 350 Hectares of Land, Two Ministers Say ‘No Objection’ but Asked for Proper Registration
Responding to a request from almost 300 Oleu community representatives to cut 350 hectares from the Northern Tonle Sap Bengal Florican Protected Area, HE Som Sam Al, Minister of Environment, said that the Ministry of Environment had not refused, but the O’Luo community must fulfil the legal requirement and proper registration first. According to the […]
Read More