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ខ្មែរ 
Business and Market
ADB Provides Us$30 Million for Tourism Infrastructure Development Projects
Cambodia has signed agreements with the Asian Development Bank (ADB) worth more than US$30 million for tourism infrastructure development projects in two provinces, according to a press release from the Ministry of Economy and Finance (MEF). On 24 October, 2018, Cambodia and the ADB signed four financing agreements worth more than US$250 million of which US$30.89 million is for tourism infrastr...
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The Advantages of Cambodians Purchasing Real Estate Under the Portugal Golden Residence Permit Program
With the backdrop of the Atlantic Ocean, the century-old rustic architectural backdrop and wooden trams are frequent sights in this ancient city of Portugal. Perched on the edge of Europe, the capital city of Lisbon boasts an average of 2,799 hours of sun and earned its nickname as the sunniest city. Portugal’s national drink, ‘porto wine’, and the freshly baked pastel de natas, better known as th...
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Three Types of Property in Phnom Penh Show Post-election Positive Change
Photo by CBRE Cambodia Three types of property in Phnom Penh showed positive change in the third quarter following the national elections in July, according to a press release from CBRE Cambodia on 19 October, 2018. Titled "Investment On The Up: Next General Election", the report shows that condominium, office and retail markets have increased significantly after the July general election. ...
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Booming Construction Sectors Attracts More Than Us$5 Billion in FDI
Over the last 10 years, the construction sector has grown rapidly and attracted billions of foreign investment while creating tens of thousands of jobs. In fact, during an 18-year period (2000-2018), the Ministry of Land Management Urban Planning and Construction (MLMUPC) has granted construction permits to foreign investors worth US$5.4 billion over a total construction area of more than 15 mi...
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“Buy and Sell Property” Seminar to Open for Public at Raffles Hotel
A seminar on buying and selling properties in Cambodia is to welcome participants at Raffles Hotel Le Royal. On 20 October 2018, Cambodia’s leading housing finance provider First Finance will organise a half-day seminar to educate participants on the proper mechanisms to buy and sell property in Cambodia. This free of charge seminar will be held from from 8am to 12pm bringing together around...
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Prince Begins Construction of Major Project in Sihanoukville
Sample photo Construction officially began over the weekend on a major development project in Sihanoukville Province by Prince Real Estate Group. According to a post on Prince’s Facebook’s page construction began on the 16.3-hectare Prince City Center development project. The project, which covers a total construction area of 700,000 square metres is approximately 800 metres from t...
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IMF Cautions Cambodia on Credit in Real Estate Sector
Cambodia needs to be more cautious about credit in the real estate sector, according to the end-of-mission press releases issued by the International Monetary Fund (IMF) on 2 October, 2018 regarding the preliminary findings of the “2018 Article IV consultation”. The preliminary findings (not the views of the IMF’s Executive Board) of the 23-day mission 19 (September to 2 October, 2018), show th...
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Real Estate in Sen Sok District in High Demand
Thanks to extensive ongoing development in the area, Sen Sok district is the most in demand area in Phnom Penh among real estate buyers, according to local experts. Real estate analyst and CEO of Key Real Estate Co. Ltd. Mr Sorn Seap told Construction&Property Magazine on 3 October, 2018 that property in Sen Sok district is currently attracting the most buyers compared to other districts in...
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IsI Palm Roof Sheeting in High Demand
While imported construction material are entering the Cambodian market in significant volume, local construction material manufacturers are working hard to provide high quality products to their consumers. A good example of this trend is one of Cambodia leading construction materials manufacturers ISI Steel,which has successfully developed over the past two decades as demand for the supply of s...
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Taiwan Firm Acquires Royal Group’s Cellcard Finance Plc
Taiwan financial leasing firm Chailease Holding has acquired 60% of Royal Group’s Cellcard Finance PLC, Cambodia’s diversified business conglomerate, according to an article published by The Taipei Times on 17 September, 2018. Announced on Thursday, the deal was made as part of Chailease Holding’s expansion plan into the Southeast Asia market, said Chailease Holding Chairman Mr Albert Chen. ...
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