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ខ្មែរ Local News
Tax Collection Exceeds Target on Construction and Real Estate
- 21 July 2018
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 of the General Department of Taxation (GDT). In a special interview programme with reporters, H.E Kong Vibol said that among the total tax revenue of more ...
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Sales Launched for Kandal Province Affordable Housing Project
- 19 July 2018
Borey Monorom Preaek Ta Teaen B&BM Development Co, Ltd launched official sales for their affordable housing project Borey Sen Monorom in Kandal province on 12 July. Located along National Road No. 5 (22km from Wat Phnom) in Preaek Ta Teaen Commune of Kandal province, the project comprises of more than 5,000 housing units which are being built on approximately 82 hectares of land. The pro...
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Experts Predict Real Estate Sector Growth After July Election
- 18 July 2018
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. According to a survey conducted by Key Real Estate Co., Ltd, land prices in Phnom Penh saw a slight increase in H1 2018 compared to H2 2017. Duan Penh, 7 Makara, Chamkarmorn, a...
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Chip Mong Breaks Ground on Sen Sok Community Mall
- 16 July 2018
Chip Mong Retail, one of the Chip Mong Group’s newest business subsidiaries, held a groundbreaking ceremony on 12 July for its Sen Sok Mall, a community mall in the fast-growing district of Sen Sok. Located on a prime location along Oknha Mong Rithy Blvd and right in front of The Parkland Sen Sok, the Chip Mong Sen Sok Mall covers the total area of 40,000 square metres, and will offer a mix of ...
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Prek Pnov to Become the New Property Hotspot
- 13 July 2018
Prek Pnov District Prek Pnov District, a suburburn area in the north west of Phnom Penh has recently become more popular and has attracted small and medium scale land buyers as the city continues expanding. The latest survey by Key Real Estate Co., Ltd shows that during the first half of 2018, the land prices in Prek Pnov are saw a significant increase compared to H2 of 2017. The land price ...
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Green Singapore Tower Wins Ctbuh Award
- 12 July 2018
The Oasia Hotel in Singapore The Oasia Hotel in Singapore, a green tower with 54 different kinds of climbing plants, has been named as the best tall building of the year by the Council of Tall Buildings and Urban Habitat (CTBUH). Antony Wood, the director of CTBUH, commented: “This project won not only because it incorporates 60 storeys of green walls along the exterior, but because of its s...
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Borey Tourism City in Siem Reap to Host a Customer Thank You Party
- 9 July 2018
Borey Tourism City in Siem Reap Borey Tourism City by OCIC is hosting a lucky draw party to celebrate 70% of its 3rd and 4th phases selling out as well as to thank the customers who have always supported Tourism City since its first phase. To be held at 6pm-8pm on 16 July, the event will take place at the Borey Tourism City Sales Office in Siem Reap Province, where all attendees can have the...
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Dutch Company to Develop Luxury Lotus Island on Phu Quoc
- 6 July 2018
Lotus Island on Phu Quoc. Photo Credit: Royal Haskoning Dutch consulting engineer Royal Haskoning has been chosen to design an artificial island in Vietnam, according to a statement on the company’s website. The man-made island, in the shape of Vietnam’s national flower the lotus, will be located at the South East coast of Phu Quoc Island and will be part of a larger waterfront and coastal d...
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Cambodia’s Historic Raffles Hotels Sold to Singapore Firm
- 3 July 2018
Raffles Hotels in Siem Reap Singapore-based hotel management platform Lodgis Hospitality Holdings Pte. Ltd. (Lodgis) had acquired the two Raffles hotels in Cambodia. According to the press release yesterday, Raffles Hotel Le Royal Phnom Penh and Raffles Grand Hotel d'Angkor Siem Reap were officially sold to the company. Following the acquisition, the two hotels are now part of the collect...
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Two More Big Hotels Given Green Light in Sihanoukville
- 28 June 2018
Sample Photo of Beach Resort Two property development companies have received the green light from the Council for the Development of Cambodia (CDC) to build luxury hotels in Sihanoukville, providing over 2,000 jobs. Nan Hai Real Estate Development Co. Ltd and Hein Li Properties Co. Ltd have received certificates of approval to build a five star and a four star hotel respectively. The CDC...
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