Local News
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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Land Ministry Issues New Guidelines to Tighten State Land Demarcation, Ownership Transfers, and Leasing
The Ministry of Land Management, Urban Planning, and Construction issued four new guidelines on 18 January tightening the procedures for state land demarcation, ownership transfers, and leasing. The introduction of these new policies is to avoid continuous issues such as the transferring or leasing state land to the private sector without verification from the cadastral […]
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Q4 Real Estate Market Update: Where are we in the Market Circle?
The real estate market in Q4 2020 remained under pressure from the COVID-19 pandemic, of which retail is the most affected, followed by the office and condominium sectors. Meanwhile, the land and Borey sectors tended to stay robust thanks to the strong financial position and high confidence of the local developers, as well as the […]
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Two Renowned Hospitality Groups Form Partnership to Upgrade Services in Flatiron Building
Renowned hospitality group Meridian International Holding has recently formed a partnership with a giant local hospitality firm Thalias Hospitality Group, to enhance the services in the awarding-winning development – Flatiron by Meridian. According to a company announcement, the new partnership will allow Thalias Hospitality Group to manage the F&B segment in the Flatiron Building. The […]
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Borey Chea Ry to Launch New Hybrid Villa with Special Discount
Borey Chea Ry will launch a new type of hybrid Villa on 17 January at Borey Chea Ry Sales Office with a special discount. Customers who join the event and book a unit on that day will receive many gifts plus a 10% discount. Located in The Chom Chao 2 project, the hybrid villa is […]
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Chip Mong Land to Officially Launch the Parkland 6A project on 22 January
Chip Mong Land will officially launch its Parkland 6A inclusive resident project in Chroy Changva district on 22 January, with the ceremony being held at the actual project site located along National Road 6A, Sangkat Prek Leap, Khan Chroy Changvar. At a press conference on 15 January 2021, CEO of Chip Mong Land Oknha Leang […]
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Gov’t Threatens to Revoke License from Mondulkiri Mine Site if No Gold in 2021
The Minister of Mines and Energy HE Suy Sem has recently warned Rong Cheng Industrial Investment Cambodia Co., Ltd that if no gold os extracted from the Mondulkiri mining site by the end of this year, the government may revoke their business license. According to the Ministry of Information, HE Suy Sem said on 12 […]
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Newly Opened Factories Double Number of Closed Factories in 2020
A total of 221 factories opened and only 100 factories shut down over the course of 2020. This demonstrates a strong economic status and investor’s confidence in Cambodia despite COVID-19 pandemic, according to the Ministry of Industry, Technology, Science, and Innovation (MITSI). HE Heng Sokkong, Secretary of States of MITSI, said that as of December […]
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Chip Mong Land Vows to Transform Chroy Changva into a New Civilized City
Chip Mong Land, one of the Cambodia’s leading real estate developers, has vowed to transform Chroy Changva district, especially the area along National Road 6A, into a new civilized city, with their Park Land 6A development. With extensive development experience, Chip Mong Land has always and will continue to provide clients with high-quality housing projects […]
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