Projects Development
First Phase of Prince Manor Resort Opens
An international leisure park being built by Chinese developer Prince Real Estate Group has opened phase I, as part of its mega project in Kandal Province, according to a post on the company’s facebook.
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SSCA: Koh Kong Airport Construction Timeframe Uncertain
The State Secretariat for Civil Aviation (SSCC) has cast doubt on the completion timeframes for the new Dara Sakor International Airport and the restoration of Koh Kong Airport.
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Construction Machinery Imported to Sea and Cambodia
More than 100 items of construction machinery manufactured by Chinese firm XCMG have been imported to support construction projects across Southeast Asia, including Cambodia’s first expressway project, according to an XCMG press release.
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GDT Prepares to Impose New Tax Base for Stamp Duty
The General Department of Taxation (GDT) has been preparing to impose new tax base for stamp duty on property transfer through the launches of a series of seminars, according to a recent press release.
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CBRE: Phnom Penh Retail Supply Hampered in Q1 2019
International real estate agent CBRE Cambodia launched its Phnom Penh property market review report on 09 April 2019 which showed that retail supply was hampered during the first three months of 2019.
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Cambodia’s Railway to Become Part of Asean Rail Network
Cambodian people and tourists will be able to travel by rail from Cambodia to Malaysia and Singapore after Cambodia completely connects its western rail track to Thailand in late April. The connection will allow Cambodia’s railway to become a part of the ASEAN region rail network.
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Government Approves Us$98 Million Development in Tbong Khmum Province
The Council for the Development of Cambodia (CDC) approved a development project worth nearly US$100 million in Tbong Khmum province on 12 April 2019, according to a post on its Facebook page.
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Feasibility Study on Monorail and Metro in Phnom Penh Under Way
The Ministry of Public Works and Transportation (MPWT) has said that the feasibility study on a monorail and metro in Phnom Penh is being conducted, citing that the study will lead to options for the government in developing the city’s transport sector to ease traffic congestion.
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Affordable Segment Leads Phnom Penh Condominium Market
With construction investment estimated to have reached US$1.8 billion during the first quarter of 2019, the condominium sector saw an increase in supply of more than 7% q-o-q driven by the affordable segment, according to the first quarterly
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Underpass Construction Project on National Road Gets Green Light
Phnom Penh Municipality has agreed on the construction of underpass proposed by Borey Peng Hout, a real estate developer, along the National Road No.1 of Boeng Chhuk village, Nirouth commune, Chbar Ampov district.
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