Investment and Funding
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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Indonesia Announces Multi-Billion Dollar PPP Infrastructure Investment
The Indonesian government has announced the commencement of seven major infrastructure public-private projects (PPP) worth US$5.4 billion to help the nation attract more fresh private investment in early 2021. Eko “Heri” Djoeli Heripoerwanto, director-general of infrastructure financing at PUPR said in a press conference that, “In 2021, we will start the procurement process for six […]
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Over 200 Development Projects Included in Kep Development Master Plan
Over 200 development projects and four major tourism development destinations have been included in the draft of Kep Tourism Master Plan, according to the Ministry of Tourism on 14 January. The purpose of the master plan is to transform Kep into a “high-end luxury tourism destination”, and also to help boost Kep’s tourism potential after […]
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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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Siem Reap 38-Road Renovation Project 14% Complete
As of 12 January, the 38-road renovation project in Siem Reap is 14.27% completed and still expected to finish as scheduled by the end of this year, according to the Ministry of Public Works and Transports (MPWT). The progress was revealed during a meeting between Deputy Prime Minister Tea Banh, other relevant ministers and officials […]
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U.S. Real Estate Investment Opportunity for International Buyers
Golden Gate Global, an award-winning real estate investment firm headquartered in San Francisco, CA, is pleased to announce the offering of a brand new opportunity, facilitating U.S. real estate purchases for international buyers across 75 of the most attractive U.S. markets. According to Steven Kay, Founder and Co-CEO of Golden Gate Global, “In conjunction with […]
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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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What Types of Investors are You, and What Property Investment Bests Fits Your Trait?
Given the economic downturn caused by the pandemic, even if you have plenty of cash on hand, you also need to be very cautious when it comes to investing in real estate. Founder and Director of Key Real Estate and well-known real estate expert in Cambodia Mr Sorn Seap pointed out that you need to […]
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Chinese Firm to Build a New Larger Road Connecting Siem Reap City to New Airport
Chinese-owned firm Siem Reap-Angkor International Airport has unveiled plans to build a new 60km road, linking the airport to the Siem Reap city. To date, the firm has just completed the impact resettlement with the affected community. Deputy Governor of Siem Reap province Ly Samrith said that the new road will be built to ease […]
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CBRE: Cambodia’s Real Estate Market to Recover by 60% in 2021, but Lower Than 2019 Baseline
Managing Director of CBRE Cambodia Ann Sothida predicted that Cambodia’s real estate market will improve by 60% in 2021 compared to 2020 but is expected to be lower than the 2019 baseline. Ms Sothida told Construction & Property Magazine on 08 January that 2021 will be a better year but not as good as it […]
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