PM postpones construction projects to fight against COVID-19
Construction projects scheduled to start in 2020 must be postponed due to COVID-19, according to Samdech Techo Hun Sen’s speech on 3 March 2020 at the 2019 Annual Review Conference and the 2020 Ministry of Health’s Continuing Direction. “Any construction sites that have not been built must be suspended, except for foreign-funded or Cambodia’s budget […]
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Property buyers turning their attention to affordable housing
The demand for affordable housing continues to increase as the number of middle-class citizens continues to grow. Thus, developing affordable housing as well as high-quality commercial offices will likely be the major focus for the year 2020, according to local real estate experts. The real estate sector, which is the core of Cambodia’s economic growth, […]
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PM Hun Sen: Stamp duty exemption also includes condos
Prime Minister Samdech Hun Sen has clarified that the stamp duty tax exemption also includes condominiums, as long as the property worth less than US$70,000. Samdech Hun Sen gave this statement during the inauguration ceremony of National Road 58 on 26 February. “Anyone who has enough money and buys a house worth under US$70,000; they […]
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Phnom Penh-Sihanouk Expressway 20% complete
Construction of the expressway linking Phnom Penh and Sihanoukville is 20% complete as of February 2020 with the whole project scheduled for completion by 2022. The update was reported in a field visit held on 2 March at the construction site led by H.E. Yith Bunna, Secretary of State of the Ministry of Public Works […]
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Chip Mong Industries welcomes 100 mechanical engineering students
Chip Mong Industries has welcomed university students to its facility to understand the process of production and technology of ready mixed concrete, and the tile and pipe factory. On 28 February 2020, almost 100 mechanical engineering students from the Institute of Technology of Cambodia visited a tile and pipe factory, as practical experience to apply […]
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Reopening Battambang airport proposed
The Ministry of Tourism has unveiled plans to reopen an abandoned airport in Battambang province to facilitate the travel of national and international tourists. The Battambang Airport rehabilitation project is among the key initiatives to facilitate travel and promote foreign capital flows to Cambodia. Speaking at the Tourism Ministry’s 27 February meeting at Sokha Phnom […]
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New infrastructure achievements welcome Angkor Sankrata for New Year
New infrastructure developments around the Angkor Wat complex have been developed to welcome the Angkor Sankranta this coming New Year. The infrastructure improvements include the renovation of the road from Siem Reap International Airport to the intersection of Angkor Wat and another renovation of the Small Circuit road surrounding the Angkor Thom area. The renovation […]
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Gov’t calls for property developers to join with stamp duty tax exemption
The government has called on property developers to lower the cost of housing given that property tax on properties worth less than US$70,000 will be exempted from tax duty for a year in 2020. On the morning of 02 March 2020, H.E Kong Vibol, Director General of General Department of Taxation, urged all property developers […]
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Economics Ministry cautions the public on property fraud
The Ministry of Economy and Finance has warned the public to be more cautious while buying and selling property and issued a basic checklist of necessary legal requirements for all citizens to consider before making any transactions. In the statement announcing the checklist, the Ministry of Economy and Finance mentioned two main types of property, […]
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The Outdoor Wellness Park Experience
Wellness is not just about staying in shape, but about achieving a state of physical, mental and spiritual well-being that allows you to reach your goals, stay healthy and lead a more engaging, more satisfying and more harmonious life. While gyms are filled with state-of-the-art exercise equipment, nothing revolutionary has been created to meet communities’ […]
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Phnom Penh Municipality to upgrade walkway along Mao Tse Toung Blvd
Phnom Penh Municipality has recently announced a plan to upgrade the walkway along Mao Tse Toung, passing through Toul Kork, Boeung Keng Kang, and Chamkarmon district. The announcement was made during a meeting between Phnom Penh Governor H.E Khuong Sreng and related officers regarding the feasibility study of this project on 21 February 2020. During […]
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Samdech Sar Kheng: NR development proposals shall be requested in package
Samdech Sar Kheng, Deputy Prime Minister and Minister of Interior suggested that the next proposal for national road development should be requested as a package, as this would make it easier for approval and the construction itself. Samdech Sar Kheng made this statement at the Road Safety Monitoring Meeting on 27 February. “Whenever we propose […]
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