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ខ្មែរ Property Focus
Report: Cambodia’s FDI Focuses Mostly on Construction Sector
- 24 April 2019
Foreign direct investment (FDI) inflows peaked at 13.4% of gross domestic product (GDP) in 2018 and more than half of all FDI originated from China. These Chinese FDI inflows were directed towards construction (infrastructure, commercial and residential real estate), tourism and, to a lesser extent, to manufacturing and agriculture, according to a World Bank East Asia Pacific Economic Update re...
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Draft Master Plan for Kep Development Set for End of 2019
- 23 April 2019
Photo by ត្រាំ លីរតនៈ The government’s draft master plan for the development of Kep province as a ‘relaxation and high-end tourist destination’, is set to finalized by the end of 2019, according to the Ministry of Tourism. Speaking on phone with Construction & Property Magazine on 23 April 2019, Tourism Ministry spokesperson Mr Chuk Chumnor, said the Ministry of Tourism is planning a spe...
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Cambodia Developing to Become a Regional Logistics Hub
- 23 April 2019
Photo by MPWT The Cambodian government has unveiled its plan for the country to become a regional logistics hub, for goods warehousing and goods transportation in ASEAN, particularly between Vietnam and Thailand through strengthening the quality of transportation infrastructure. H.E Sun Chanthol, Senior Minister and Minister of Public Works and Transportation said that to become the regional...
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Thailand Loans Cambodia Us$26 Million for Stung Bot-ban Nong Ing Development
- 22 April 2019
Photo by Facebook Page MPWT To boost trade and facilitate ease of travel between the two countries, Thailand has granted more than US$26 million in loans to Cambodia for the development of Stung Bot-Ban Nong Ing border checkpoint of Banteay Meanchey, said Prime Minister Samdech Techno Hun Sen. Writing on his Facebook page on 22 April 2019, Samdech Techno Hun Sen said that “the construction b...
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Cambodia-Thai railway links connected on 22 April
- 22 April 2019
The heads of the governments of Cambodia and Thailand presided over the inaugurations of the rail line connection and Stung Bot-Ban Nong Ing Friendship Bridge on Monday 22 April, infrastructure developments that will boost trade and facilitate ease of travel. Samdech Techo Hun Sen, Prime Minister of Cambodia and his Thai counterpart Prayut Chan O-cha together inaugurated the friendship bridge a...
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Analysts: Skyrocketing Land Prices Along 60-metre Road Makes It Difficult for Residential Developers
- 20 April 2019
The rapid development along the 60-metre road in the southern part of Phnom Penh has caused land prices to skyrocket, making it difficult for residential developers, according to a leading real estate analyst in Cambodia. Speaking with Construction & Property Magazine in early April, Ms Ann Sothida, director of international real estate agent CBRE Cambodia, said the sharp increase in land p...
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SSCA: Koh Kong Airport Construction Timeframe Uncertain
- 19 April 2019
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. SSCC’s secretary of state Chea Aun said on Friday 20 April 2019 that the development of the Dara Sakor International Airport construction is currently in the stage of preparation. Asked if the construction would end ...
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GDT Prepares to Impose New Tax Base for Stamp Duty
- 18 April 2019
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. The preparation came to impose new tax base came after the Ministry of Economy and Finance (MEF) issued a Prakas on 22 March 2019 regarding the new tax base rate for property transfer ‘stamp duty...
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CBRE: Phnom Penh Retail Supply Hampered in Q1 2019
- 13 April 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. CBRE highlighted that retail supply was hampered due to the delay of two projects to mid-2019, reducing the supply for the quarter to 19,965 square metres of net leasable area. Meanwhile, rental p...
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Government Approves Us$98 Million Development in Tbong Khmum Province
- 12 April 2019
Photo by thewriterpreneur.com 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. The approval was for the development of Kim Pich Development Co., Ltd., which includes a 5-star hotel with 365 keys, a commercial building, golf club, bungalows, villas, res...
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