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ខ្មែរ 
PM Hun Sen Urges an Increase in Stamp Duty
Photo by Chiangrai Times In a visit to garment workers on Wednesday 15 August, Prime Minister Samdech Techo Hun Sen urged the Ministry of Economy and Finance (MEF) to revise the country’s ‘stamp duty’, or property transfer tax, saying the current tax is too low. Citing the increase of land prices as a result of political and economic stability, Prime Minister Hun Sen called on H.E Kong Vibol...
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Construction Sector Attracts Most FDI in Cambodia
The construction sector is one of the four main pillars of Cambodia’s economy and the sector has been responsible for attracting the most Foreign Direct Investment (FDI) to the nation and is expected to continue to do so in the future. Economist Mr Teng De Lux told government news agency Agence Kampuchea Presse (AKP) in an interview that more than US$2 billion of FDI had gone into the construct...
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Think Tank Urges Private Sector to Provide More Internships for Construction-related Jobs
Experts in different government and private institutions have called for more internships and training programmes for students and workers, especially for construction-related jobs. This campaign was called for during a half-day seminar held under the theme of “Partnership for Work-based Learning: Experiences and Possibilities” organised bythe Cambodia Development Resource Institute (CDRI) at t...
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Will the Construction and Property Sectors Slow in the Next Five Years?
As thereal estate industry booms and development projects continuing to rise throughout the country, especially in Phnom Penh, the International Monetary Fund (IMF) has forecast that the sector may decline in the next five years. On 2 October, 2018, the IMF released a preliminary economic report showing that Cambodia's economy will continue to grow at high rate over a period of between two to t...
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Credit for Construction and Real Estate Sectors Remains Robust
The financial stability risk assessment in Cambodia by the National Bank of Cambodia (NBC) has shown that credit for the construction and real estate sectors remains in good condition due to the low rate in non-performing loans. According to the 2018 semi-annual report by NBC, non-performing loans in the construction and real estate sectors are still low. Indicators show that currently non-perf...
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CBRE: Supply of Condominiums in Phnom Penh Increased by 20%
A new report by real estate agent CBRE Cambodia has shown that the supply of condominiums in Phnom Penh increased by 20% quarter-on-quarter(q-o-q) in the course of Q2 of 2018, making a total supply of condominiums in the capital of 11,830 units. “Cambodia Phnom Penh Marketview for Q2 2018” revealed that in the second quarter of 2018, around 2,000 condominium units were completed with five new p...
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Tax Collection Exceeds Target on Construction and Real Estate
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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Prek Pnov to Become the New Property Hotspot
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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970 Investment Projects Worth US$23 Billion Approved in the Past Five Years
The Council for the Development of Cambodia (CDC) has approved a total of 970 projects worth more than US$23 billion between 2013 and 2017, 35% of which is the infrastructure-related investment. According to the Ministry of Information, this amount comprises of both new and expansion projects, which on average has helped to create about 219,000 new jobs for local people a year. Infrastructur...
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H.E Sun Chanthol: No Cut Off in Infrastructure Aid
H.E Sun Chanthol has cast aside rumoursthat Japan, as well as other development partners, plan to cut off assistance for Cambodia's infrastructure. In response to journalists on 23 July, 2018, H.E Sun Chanthol, Senior Minister and Minister of Public Works and Transport (MPWT), said "there is no cut off of aid from any country on the construction of infrastructure in the country." Development...
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