Business and Market
New Multi-Purpose Commercial Building Opened Along Monivong Blvd in Kbal Thnal Area
A new 10-storey mixed-use development building—Kampus— has been officially opened, with the inauguration ceremony presided over by HE Hun Many, President of the Union of Youth Federations of Cambodia, on 12 March. Located along Monivong Blvd in Kbal Thnal area, the building is built with a unique design with a total gross area of 10,543 […]
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Why Some Condo Projects in PP Remain Successful During Covid-19?
By Harbor Property During the prolonged Covid-19 pandemic, some condo projects in Phnom Penh have been struggling to sell while some others were postponed as most developers are heavily reliant on foreign buyers. However, some condo projects tend to perform well even during the Covid-19 pandemic. Why? Mr Ear Chakriya, CEO of AP Real Estate, […]
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GDT Officially Postpones Capital Gains Tax Collection to 2024
The General Department of Taxation (GDT) has issued an official statement announcing the postpone of capital gains tax collection for another two years after receiving approval from PM Samdech Hun Sen earlier this year. The implementation of the capital gains tax will start on 1 January 2024, instead of 2022 to help boost economic growth […]
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Piling Work on Naga 3 Over 50%; Main Buildings Construction to Begin in 2023
NagaCorp has confirmed that it will continue the construction of Naga 3 in Phnom Penh as planned despite the halt of Naga Vladivostok in Russia. According to its recent announcement, NagaCorp has halted construction of the US$238-million Naga Vladivostok gaming and resort development complex in Russia and shifted its focus to Naga 3 in Cambodia. […]
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First Steel Production Plant in Banteay Meanchey Officially Operational
The first steel production and processing factory in Banteay Meanchey province was officially launched on 8 March in the presence of Banteay Meanchey Governor HE Um Reatrey. The factory is located on NR59, Khla Ngap village, Toul Pong commune, Malai district, and will supply steel to the construction sector in Banteay Meanchey and neighboring provinces. […]
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Local Firm Uses AI-Driven Research & Analysis to Modernise Cambodia’s Real Estate Sector
A local firm Z1 Data Co., Ltd has unveiled a product using AI-driven research and data analysis to modernise and boost the real estate market in Cambodia. The firm last week also appointed Arshad Khan – an entrepreneur, and expert at Data Science, Artificial Intelligence, and Machine Learning from the United States, as its chairman. […]
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Construction of Techo International Airport 32% Complete; US$414m Spent
Construction on the new Techno International Airport is 32% complete as of early March, according to a Cambodia Airport Investment Co., Ltd. (CAIC) press release of 4 March. CAIC added that a total amount of US$414 million has been spent to date on the development excluding the airport land investment. Even though the COVID-19 pandemic […]
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Draft Automotive & Electronics Sectors Roadmap Completed, Under Discussion with Stakeholders
The drafts of the automotive and electronics sectors roadmaps have been completed and are under discussion and review by supporting stakeholders and investors. The draft roadmaps were discussed on 1 March among eight ministries/agencies, with support from the UK government’s Accelerated COVID-19 Economic Support (ACES) programme in partnership with the Boston Consulting Group (BCG) to […]
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Turkish Investors Mull Investing in Cambodia’s Construction Sector
Turkish investors have expressed interest in investing in Cambodia’s construction sector, citing that Cambodia has very high investing potential, according to the Cambodian Chamber of Commerce. The interest was raised by Mr Ferudun Cevahiroglu, President of the Turkish Federation of Industrial Businesses, in a meeting held on 26 February with the Cambodian delegation led by […]
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Population Growth & Modern Living Trend to Boost Demand for Condos, says Expert
The condominium market in Cambodia, which is currently heavily reliant on foreigners, will be supported by local customers due to population growth and the trend of living in modern housing. Executive Vice-President for the Cambodian Valuers and Estate Agents Association (CVEA) said if the developers establish the right price, size, and style to match the […]
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