MLMUPC Distributes Over 9,000 Land Titles in Svay Rieng Amid Efforts to Register Nearly 200k Remaining Plots
The Ministry of Land Management, Urban Planning and Construction (MLMUPC), in collaboration with the Svay Rieng Provincial Administration, has distributed 9,349 land titles to residents in seven villages in Romeas Hek district, Svay Rieng province. Despite this progress, nearly 200,000 land plots in the province remain unregistered. This announcement was made during a ceremony attended by Deputy P...
Read MoreReal Estate Regulator Warns of Legal Action Against Two Companies Evading Fines
The Real Estate Business & Pawnshop Regulator has issued a stern warning to two real estate companies, threatening legal action if they continue to evade fines for operating without a license. The regulator announced on 28 May 2024 that Chuan Yuan L (Cambodia) Development Co., Ltd., responsible for the Jovan City project in Sangkat Bak Kheng, Khan Chroy Changva, Phnom Penh, and Anata Residence...
Read MoreGov’t Accelerates Resolution of US$737m in 14 Stalled Projects in Sihanoukville
The Cambodian government is expediting the resolution of 14 stalled projects in Sihanoukville, collectively valued at approximately US$737 million. This initiative aims to boost investment through incentives, concessions, mediation, and dispute resolution efforts. This information was disclosed in a meeting chaired by HE Hean Sahip, Secretary of State of the Ministry of Economy and Finance and Cha...
Read MoreWLCC Explores Investment Opportunities in Cambodia’s Construction & Real Estate Sectors
The World Lin Chamber of Commerce (WLCC) is investigating investment prospects in Cambodia's priority sectors, particularly construction and real estate. This initiative was discussed during a meeting between Mr Tan Sri Dato Lim Soon Peng, President of the World Lin Chamber of Commerce, and PM Samdech Hun Manet on 28 May 2024. Mr Tan Sri Dato Lim Soon Peng commended Cambodia's development, high...
Read MoreNew Road Connecting Oral Kampong Speu to Koh Kong Port Announced by PM
PM Hun Manet has unveiled plans for a new road connecting Kampong Speu to the Koh Kong port, aimed at harnessing the region’s potential akin to that of Phnom Penh. The announcement was made during the inauguration ceremony of various achievements at the Cambodian Buddhist Cultural Centre on 30 May 2024. The PM highlighted the strategic importance of constructing a road linking Koh Kong province...
Read MorePo Leaf Project Inaugurated at Buddhist Cultural Centre with US$5.5 Million Investment
The Buddhist Cultural Centre has officially inaugurated 38 construction projects shaped like po leaves, with a total investment exceeding US$5.5 million. The ceremony, presided over by PM Samdech Hun Manet, took place on 30 May 2024. The key elements of this monumental project include a 9-storey Cholamoni stupa, four large stupas, eight small stupas symbolising enlightenment, wisdom, and harmon...
Read MorePM Announces Funan Techo Canal Project Set to Launch in August 2024
The Cambodian government has announced the commencement of the US$1.7 billion Funan Techo Canal project in August 2024. The announcement was made by PM Hun Manet during the inauguration of various achievements at the Cambodian Buddhist Cultural Centre on 30 May 2024. "The construction of the Funan Techo canal will begin in August 2024," stated the PM at the ceremony. "We do not let long nights ...
Read MoreBeijing Invests US$42bn to Revive Struggling Real Estate Sector, but Analysts Warn Insufficient
In a bold move to stabilise the struggling property market, the People's Bank of China (PBOC) is establishing a nationwide program offering a staggering 300 billion yuan (US$41.5 billion) in loans, as reported by CNN, 17 May 2024. Industry experts estimate this initial injection could ultimately translate into 500 billion yuan (US$69 billion) worth of credit. This significant financial stimulus...
Read MoreNR No. 31 Rehabilitation Project Nears 90% Completion
As of 29 May 2024, the ambitious project to restore and upgrade NR No. 31, which extends over 53 kilometres, has achieved an impressive 87.19% completion. This major infrastructure initiative is set to be finished more than a year ahead of schedule. This update was confirmed via the official Facebook page of the Ministry of Public Works and Transport. The project, which commenced on 30 December...
Read MoreCambodia Renames Third Ring Road to “Xi Jinping Boulevard” in Honour of Strengthened Ties with China
In a significant move to honour the enduring partnership between Cambodia and China, the "Third Ring Road" has been officially renamed "Xi Jinping Boulevard". This key infrastructure, connecting NR No. 1 to NR No. 4 and spanning nearly 53 kilometres, was inaugurated in a ceremony presided over by Samdech Hun Manet and HE Wang Wentian, Ambassador of the People's Republic of China to Cambodia, on 28...
Read MoreBassac River Bridge Project Surpasses Milestone, Completes 10.50% Ahead of Schedule
The construction of the bridge across the Bassac River, connecting Chak Angre Krom and Prek Pra, has achieved a completion rate of 10.50%, surpassing the planned progress by 1.03%. This update was confirmed by the Ministry of Public Works and Transport on their official Facebook page on 28 May 2024. The completed work includes the erection of 24 pillars and 100% concrete work, with ongoing effo...
Read MoreKampong Speu Authorities Seize Over 57 Hectares of Forest Land in Oral District
Kampong Speu provincial authorities have confiscated more than 57 hectares of forest land in the Oral Mountain Wildlife Sanctuary, marking a significant move against illegal land grabbing. This decision is part of a broader effort in 2024, during which over 1,400 hectares of forest land have been reclaimed as state property. The order was issued on 27 May 2024. The official order rejects and se...
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