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ខ្មែរ Economy and Finance
Evergrande Pledges to Resume All Paused Property Project
- 14 September 2022
China Evergrande has vowed to restart construction of all frozen property projects by the end of September, prompting a response to the nationwide mortgage boycott, reported the Financial Times. 38 projects will be resumed by the end of September while 62 others will be restarted to “normal level”, according to a company statement released on Monday. The Evergrande debt has caused severe tro...
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Investor Sentiment Leaning Towards Asia Pacific in 2022, Say Experts
- 14 September 2022
Investors around the world are becoming more cautious in investing in real estate as well as other sectors, as uncertainty in the macroeconomic environment is ongoing, say, experts, emphasizing that the Asia Pacific market has gained more popularity lately compared to other regions. Despite the more cautious approach, the market in the Asia Pacific will continue to attract attention from local ...
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Singapore’s real estate market spikes as Chinese buyers increase
- 13 September 2022
Singapore’s property market has recently caught its momentum compared to other markets around the world as Chinese buyers keep increasing. According to Worldakkam, Chinese buyers in Singapore were mainly concentrated in the luxury real estate market, Singapore’s hotels and beachfront real estate for instance. The reasons that build more trust for Chinese investors are the country’s politica...
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CSX: Royal Railway Eligible to Apply for Bond Listing
- 7 September 2022
The Cambodia Securities Exchange (CSX) has approved in principle that Royal Railway Plc, a subsidiary of the Royal Group, is eligible to apply for bond listing. However, to complete the bond listing process, Royal Railway must follow more conditions to get approval from the Securities and Exchange Regulator of Cambodia and meet further listing requirements of the CSX, read the press release iss...
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Chinese Gov’t to Issue US$29bn Loan to Help Developers Complete Housing Projects
- 5 September 2022
The Chinese government plans to issue 200 billion yuan (US$29 billion) in special loans to help developers finish their stalled housing projects, according to Caixin. This loan will be issued under the cooperation of the Ministry of Housing and Urban-Rural Development, the Ministry of Finance, and the central bank. The loan may be provided by China Development Bank, Agricultural Development ...
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Future of Unfinished Construction in SHV: Perspective of Investors, Government & Locals
- 5 September 2022
After the Cambodian government shut down online gaming in Sihanoukville, combined with the arrival of the COVID-19 pandemic in 2020, Sihanoukville’s economy plummeted while the overheated real estate market in the province finally cooled and dramatically so. After Chinese investors left Cambodia, a total of 1,155 construction projects were left unfinished with the rental price of real estate in...
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Stamp Duty Tax Revenue at US$104m in H1 2022, up 41% Y-o-Y
- 30 August 2022
During the first half of 2022, the government collected a total of approximately US$104 million in stamp duty tax, a 41% increase compared to the same period last year. According to a recent report by the Ministry of Economy and Finance, income generated from the house and land leasing also rose by 10% percent to approximately US$2.8 million. Stamp duty tax is a 4% tax imposed when there is ...
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Gov’t receives more than US$ 2 million as ECL rent income as the total land area is 1.16M hectares
- 25 August 2022
The Ministry of Agriculture, Forestry, and Fisheries has provided 229 economic land concessions for agro-industrial investment and a total contract area of 1,167,419 hectares throughout the country. Of these, 72 ELC companies have paid annual land fees of $2,056,381.06 million to the government of August 2022, while other concession companies will continue to pay until the end of this year, HE ...
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Gov’t Urges Private Sector to Build More Affordable Housing Amid High Demand
- 25 August 2022
The government has urged the private sector to continue building more affordable housing projects to meet growing demand, while to date Phnom Penh and Kandal have a total of four state-private affordable housing projects. HE Theng Chansangvar, Secretary of State of the Ministry of Land Management, Urban Planning and Construction, said in a press conference on 24 August that building affordable ...
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MLMUPC Contributes Approx. US$150 million Per Year to National Budget
- 24 August 2022
The Ministry of Land Management, Urban Planning, and Construction Cambodia (MLMUPC) has been contributing an average of US$150 million annually to the national budget, one of the largest contributions from a ministry. The figure was explained by HE Seng Lot, Director General of the Administration Department of the Ministry of Land Management, Urban Planning and Construction in a press conferenc...
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