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ខ្មែរ Policy and Strategy
Huge New Affordable Housing Project Proposal Under Review in Kampong Chhnang
- 19 February 2021
A huge new affordable housing project proposed for Kompong Chhnang city is currently under review by the Ministry of Land Management, Urban Planning and Construction. The proposed 22-hectare site is located in Phsar Chhnang commune in Kampong Chhnang city and was recently inspected by the technical team led by Director of the General Department of Housing HE Khemro Beng Hong Socheat on 18 Febru...
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Cambodia’s Construction Sector Investment Value US$60.8 billion since 2000
- 18 February 2021
In the past two decades, the construction sector has the major backbone of Cambodia's economic growth, with the investment value reaching over US$60.8 billion, according to Minister of Land Management, Urban Planning and Construction HE Chea Sophara. During the 2nd Public-Private Forum on Cambodia-Japan Urban Development held on 16 February, HE Chea Sophara said that investment in the construct...
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Land Minister Unveils Cambodia-Japan Joint Achievements in Construction Sector
- 17 February 2021
The Minister of Land Management, Urban Planning and Construction HE Chea Sophara has revealed that that the Japanese government has been assisting Cambodia in many major projects within the construction and urban planning sectors. Speaking at the Cambodia-Japan Urban Development Conference on 16 February, HE Chea Sophara expressed sincere thanks to Japan for the very close cooperation, and summ...
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EuroCham CSR Contest 2021 Launched, Construction Firms Urged to Join
- 15 February 2021
The European Chamber of Commerce (EuroCham) in Cambodia launched the CSR Contest and Awards 2021 last week, with both Cambodian entities and foreign businesses, especially within the construction and property sectors, being urged to participate. Officially announced on 10 February, the CSR Contest and Awards 2021 is a Cambodia’s most prestigious CSR recognition award event organised biennially ...
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Gov’t to Allocate Approx. 2,000 Hectares to Low-income Veterans in Kompong Thom
- 3 February 2021
The Kampong Thom administration is working on dividing approximately 2,000 hectares of state land in Trapeang Ruessei village in Santuk district into small plots, to distribute to low-income veterans. Kampong Thom Governor Sok Lou said during a site inspection on 02 February that the land plots will only be given to veterans and low-income locals who have no decent housing. Meanwhile, the land ...
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Kampot and Kep to Attract More Development with Forthcoming Investment Guidebook
- 2 February 2021
Kampot and Kep officials are composing an investment guidebook to attract more new development and manage existing projects more effectively, according to Kampot Governor Chev Tay. HE Chev Tay said in a meeting with the Kampot-Kep Chamber of Commerce officials on 01 February that the guidebook is crucial for investors as it can provide essential information before they decide to invest. “Cur...
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Experts Share 7 Key Strategies to Succeed in Real Estate Investment
- 29 January 2021
When talking about investment with high returns in Cambodia, real estate is frequently one of the top choices. However, real estate investment is almost similar to gambling. Some succeed and become millionaires in just a short period, while some fail and end up being in debt. Our Construction & Property Magazine reporter sat down with three experts from the Cambodia Valuers and Estate Agent...
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MEF: Cambodia Construction and Property Sectors to Grow by only 2.9% and 2.7% in 2021
- 27 January 2021
The construction and property sectors are projected to grow by 2.9% and 2.7% in 2021 respectively, after contracting by 2.4% and 4.9% in 2020, according to the Ministry of Economy and Finance Latest’s Macroeconomic Report. These drops for both sectors were due to the effect of the COVID-19 pandemic, which reduced foreign investment and demand. 2020 was the first time that the growth rate of the...
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Gov’t Starts Demarcating Land for Battambang Airport Renovation Project
- 26 January 2021
Battambang local authorities have already started demarcating and registering land ownership at the Battambang airport site while waiting for the actual renovation project to begin soon. Battambang Deputy Governor of Province Soeum Bunrith said on January 25 that the demarcation is being done both in Sangke district and Battambang city for future reconstruction. “People who are occupying the...
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NBC: Bank Credit Reaches US$37.3 billion in 2020; Over 30% Allocated to Construction & Property Sectors
- 21 January 2021
Customer credit at banks in Cambodia reached US$37.3 billion in 2020, a 14.8% increase; and over 30% of which was allocated to the construction and property sectors, according to a recent National Bank of Cambodia report. The same report also added that bank credit given to the construction sector was 9.2%, property 8.5%, and mortgages 12.8% respectively. Meanwhile, as of the end 2020, the a...
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