Local News
Indonesia Eyes Construction & Real Estate Investment in Cambodia
Indonesia is looking for opportunities to partner with three Cambodian tycoons to invest in several key sectors in Cambodia, while construction and real estate are among the top priority. The interest was expressed through the Indonesian Ambassador to Cambodia Sudirman Haseng during a meeting with President of WorldBridge Group Oknha Sear Rithy, President of Mong […]
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Gov’t to Develop Sustainable Eco-tourism Zones in 7 Target Provinces
The Ministry of Environment and the Ministry of Rural Development are working together to develop sustainable eco-tourism zones in seven target provinces. According to an official meeting on Wednesday14 July, those seven provinces include Kampong Speu, Koh Kong, Kampong Chhnang, Pursat, Battambang, Siem Reap and Kampong Thom. Meanwhile, the destinations will include the Aoral Mountain […]
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Kampong Chhnang Authorities to Strengthen Controls on Divided Land Plot Businesses
Kampong Chhnang Governor HE Sun Sovannarith has urged community-based authorities to collect data and update the numbers of divided land plot development businesses throughout the province, to be able to enforce a better management system. HE Sun Sovannarith gave the order while chairing a meeting with relevant officers to discuss divided land plot development on […]
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Over 10 Commercial Real Estate Disputes Resolved Through National Arbitration Centre
From 2013 to June 2021, the National Commercial Arbitration Centre has settled more than 29 disputes in various commercial fields, or equivalent economic value of approximately US$80 million, 57% of which were from the construction and property sectors. National Commercial Arbitration Centre President Bun Youdy said that out-of-court cases solved include sectors such as construction, […]
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Takhmao & Areas Along NR3 & NR4 Chosen as Economic Clusters in 2035 Development Plan
Takhmao City and Phnom Penh suburbs along NR3 and NR4 have been chosen as the locations for economic activities and factory clusters, according to the 2035 Phnom Penh land-use master plan. The master plan also stated that the location of economic activities such as factories will be no longer located within the administrative boundaries of […]
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Over 95% of Illegal Construction on Phnom Penh River Demolished
Just one month after the official announcement, the Phnom Penh municipal authorities have already demolished over 95% of the illegal constructions such as fish farms, floating houses, and all unregulated structures on the Tonle Sap River within the boundaries of Phnom Penh. This data was shared during a municipality meeting on Thursday 8 July chaired […]
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79 New Factories Registered, 135 Close in H1: Industry Ministry
During the first half of 2021, there was a total of 79 new industrial investment projects registered in the kingdom, while 135 others have announced closures due to the pandemic. This is according to the primary report from the Ministry of Industry, Science, Technology and Innovation (MISTI). Secretary of State and Spokesperson of MISTI HE […]
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No Collateral Seized Despite COVID-19 Crisis: Banking Association
The Association of Banks in Cambodia has confirmed that despite the COVID-19 crisis, no borrower collateral has been seized due to late payment, but rather all banks under the association have been doing their best to ease the burdens of all their clients. General Manager of the Association of Banks in Cambodia Heng Koy said […]
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CBRE: Property Market Still Facing High Degree of Uncertainty Despite Vaccine Roll-Out
The real estate market in Cambodia remains under pressure and is still facing a high degree of uncertainty despite the very impressive vaccine roll-out by the government, with experts not expecting to see a recovery this year. According to the CBRE Cambodia 2021 Mid-Year Review Webinar yesterday, all four main sectors of the property market […]
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Golden Park to Launch Official Pre-Sale with up to a 12% Discount
Advertorial One of Cambodia’s leading real estate developers Golden Park will launch an official pre-sale of The Natural Project on Thursday 8 July with up to a 12% discount and a 24-month instalment term without interest. The Natural Project is a modern borey (Landed Property) spread out on over 50 hectares with 4.5 hectares of […]
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