Government rolls back on privately funded infrastructure deals
With the aim of making travel easier for the people, the Royal Government of Cambodia has nixed infrastructure deals on bridges and roads from private companies in recent years, according to a special collection from Fresh News. According to the same source, the government has revoked the concessional contracts from private companies on infrastructure such […]
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Deal Signed for the City Gate Commercial Complex
The long-awaited deal between Cambodia and China for “The City Gate” mega commercial complex has been officially signed, according to the press release.
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Chinese Developer Announces 10 Year, Us$6bn Master Plan in Cambodia
China-based property developer Prince Real Estate Group (Cambodia) recently revealed their 10 year master plan in Cambodia with an injection at least US$6 billion investment to create the largest Central Business District (CBD)
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China and France to Build Algae-covered Eco-tower in Hangzhou
A French-based company XTU Architects recently revealed a blueprint for the ‘FrenchDreamTowers’—a new mega project in the heart of Hangzhou City, China. The proposal represents the advanced technology of eco-friendly architecture and the strong relations between France and China. The FrenchDreamTowers is unique for the usage of energy-efficient microalgae exteriors and the blockchain-monitored building systems […]
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Minister of Commerce Presides Over Ground-breaking of New Road in Kampong Cham
On Sunday 22 July,2018, H.E Pan Sorasak, Minister of Commerce presided over the ground breaking ceremony for the construction of a red gravel road in Kampong Cham Province. The new gravel road connects three villages to the province and is 3.5km long, 6m wide with one box culvert and five drainage pipes. Speaking during the […]
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CBRE: Supply of Condominiums in Phnom Penh Increased by 20%
A new report by real estate agent CBRE Cambodia has shown that the supply of condominiums in Phnom Penh increased by 20% quarter-on-quarter(q-o-q) in the course of Q2 of 2018,
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Tax Collection Exceeds Target on Construction and Real Estate
Tax collection in the first six months of 2018 has reached 61.28% of the yearly plan with construction and property taxes having a sharp increase, according to H.E. Kong Vibol, a Delegate of the Royal Government in charge as Director-General
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Concessional Loan Agreement for Ring Road No.3 Signed
The Ministry of Economy and Finance (MEF) has signed a concessional loan agreement with China funded bank Export-Import Bank of China (EXIM Bank of China) for the construction of the Ring Road No.3
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Construction of New Cargo Terminal in the Pipeline
Phnom Penh International Airport / Photo: Vinci With the value of the international trade in goods on the rise along with demand for air cargo services, Cambodia Airports has revealed future plans to construct another cargo terminal in Phnom Penh International Airport in order to provide efficient cargo handling services. Mr.Khek Norinda, the communications and […]
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Sales Launched for Kandal Province Affordable Housing Project
B&BM Development Co, Ltd launched official sales for their affordable housing project Borey Sen Monorom in Kandal province on 12 July.
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Experts Predict Real Estate Sector Growth After July Election
Real estate experts foresee a significant rise in the property sector after the 29 July National Election based on the assumption that for the past six months prior to the vote many investors prefer to await the outcome.
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Construction to Start on New Siem Reap International Airport After Election
Photo: Archetype / Siem Reap International Airport Construction on the new Siem Reap International Airport will take place after the 29 July election, according to state-run news agency Agence Kampuchea Presse. On 13 July, Siem Reap Governor H.E. Khim Bunsong met with representatives from Angkor International Airport Investment (Cambodia) Co., Ltd, the company contracted to […]
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