Policy and Strategy
Real Estate Association Pushes for Stimulus in Indonesia
A leading Indonesian industry association is pressuring the government to provide increased stimulus to the real estate sector in the face of the COVID-19 pandemic, arguing that the current plans do not go far enough. According to The Jakarta Post on 06 October, Real Estate Indonesia (REI) has requested the government to offer additional stimulus, […]
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South Korea’s Investment in Cambodia Reaches US$5.7 billion, Becomes Second Biggest Foreign Investor
The Republic of Korea’s investment in Cambodia has reached US$5.7 billion, now standing as the second highest foreign investment in the Kingdom; a large proportion of which has been used for infrastructure development projects. Ambassador of the Republic of Korea to Cambodia HE Park Heung-Kyeong revealed the data during his meeting with the President of […]
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Phnom Penh Municipality to Take Action Against Encroachers on Canals and Public Land
The Phnom Penh municipality plans to take action on illegal canal and public land encroachment soon, particularly in the western part of Phnom Penh, after deciding to dredge and rebuild 12 drainage systems across the city. The plan was announced in a meeting chaired by Phnom Penh Governor HE Khuong Sreng on 24 December. During […]
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Stamp Duty Tax Exemption Extended to December 2021
The government has decided to extend the stamp duty tax exemption deadline for property worth less than US$70,000 from January to December 2021. According to the official announcement released on 23 December, the government also urged developers to provide more discounts to buyers, with the aim to boost the economy through more property transactions. The […]
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Seven Tourism Projects Planned for Koh Kong Province
A private firm is planning to develop seven tourism projects on approximately 10 hectares of land in Botum Sakor and Mondol Seima districts of Koh Kong province, according to the Koh Kong administration. The project was proposed by Ms Keo Ratana and is currently in the study phase, and the Secretary of State of the […]
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Is Buying Property Always Better than Renting?
Most people believe that renting a property is a waste of money as you are throwing away your money every month. Rather than helping the landlords pay their mortgage, why not buy your own property? However, this is not always the case. In some circumstances, renting might end up giving more profit compared to buying. […]
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Construction Projects Worth US$6.4 Billion Approved in First Ten Months of 2020
In the first ten months of 2020, the government approved more than 4,000 construction projects worth over US$6.4 billion, a US$1-billion increase compared to the last two months. According to an economic trend report from the Ministry of Economy and Finance, from January to October, the Ministry of Land Management, Urban Planning, and Construction (MLMUPC) […]
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Slowdown in Construction and Real Estate Remain ADB’s Concern, Despite 5.4% Growth Forecast in 2021
The Asian Development Bank (ADB)’s December forecast has shown that Cambodia’s economy will contract by 4% year-on-year during 2020, and the growth will rebound by 5.4% in 2021. However, the slowdown in the construction and real-estate sector is still a concern among other risks. This forecast remains unchanged compared to the September forecast by the […]
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Major Real Estate Firms Donate Over US$16 million for COVID-19 Vaccine
By 08 December, six major local real estate companies have donated a total of US$16 million to the government to purchase COVID-19 vaccines. Those firms include Prince Real Estate Group, Pheng Hout Group, Chip Mong Group, Royal Group, and Borey Piphop Tmey, who donated US$3 million each. Meanwhile, Leng Navatra also donated US$1 million. According […]
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Over 3,000km of Roads in Cambodia Built by China with over US$3 billion in Loans, says Transport Minister
Chinese companies have thus far built more than 3,000km of roads and eight major bridges with a total length of over 8km for Cambodia, thanks to more than US$3 billion in concessional loans from the Chinese government. Minister of Public Works and Transport (MPWT) HE Sun Chanthol summarised this data in his speech during the […]
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