Cambodia and Thailand Jointly Construct First Border Bridge

The governments of Cambodia and Thailand have jointly constructed the first border bridge between the two nations in Banteay Meanchey with the official inauguration taking place on 22 April 2019 by the heads of government of both countries. According to a post on Prime Minister Samdech Techo Hun Sen's Facebook page, the Government of Thailand has provided an estimated US$$19 million grant for t...

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Feasibility Study on Airport Construction in Mondulkiri Province Unveiled

The Cambodian government has unveiled a project for an airport construction in Mondulkiri province to boost tourism development, agro-industry and agro-tourism, and in particular to connect the north-eastern region with other provinces and the region by air. The feasibility study on the airport construction is in the master plan of developing new tourism products for the country’s north-eastern...

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Thailand Loans Cambodia Us$26 Million for Stung Bot-ban Nong Ing Development

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

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

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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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. Stretching over 13 hectares of land, the first phase of the ‘Prince Manor Resort’ was opened to the public last week featuring five theme parks, including Family Fairy Park, Forest Rhythm Park, ...

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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. 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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Construction Machinery Imported to Sea and Cambodia

Sample photo by KHL Group 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. On 16 April 2019, XCMG reported that it had recently hosted a delivery ceremony for 100 XE215 excavators worth around US$7.45 mill...

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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. 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

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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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. The Ministry of Public Works and Transportation announced that the connection of Cambodia’s western rail line with Th...

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Government Approves Us$98 Million Development in Tbong Khmum Province

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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