Property News Roundup October 30th, 2023
Property News Roundup October 30th, 2023
We’re delighted to share the weekly news highlights below.
- Four New Factories Worth Nearly US$26M Set to Catalyze Growth in Kampong Speu and Takeo province
The Council for the Development of Cambodia (CDC), has given the green light to four forward-thinking companies, marking a significant infusion of nearly $26 million in investments.
October 20, 2023 | Construction Property | Link: https://tinyurl.com/4krvfzsk
- Vietnam’s Multibillion-Dollar Investment Fuels development in the Triangle Area borders Cambodia and Laos
Vietnam is accelerating progress in the Development Triangle (DTA), a region straddling the borders of Cambodia and Laos, with an impressive investment of over US$ 3,731 billion.
October 20, 2023 | Construction Property | Link: https://tinyurl.com/mtd4bd58
- Cambodia expects more Chinese visitor arrivals to drive tourism growth
“I want to send a message to all Chinese citizens that please come and visit Cambodia, a safe tourist destination,” says Ministry of Tourism Secretary of State Top Sopheak.
October 20, 2023 | Khmer Times | Link: https://tinyurl.com/589d6k4y
- China firm on track to build Phnom Penh airport metro
If China has its way, Phnom Penh could take a headlong leap into the future with a world-class rapid transit or mass rapid transit (MRT) system.
October 23, 2023 | Khmer Times | Link: https://tinyurl.com/57xb6trt
- Transforming Koh Tonsay: Tourism Port Reaches the Halfway Mark on the Road to Progress
The enchanting allure of Koh Tonsay Island, nestled more than 4 kilometers off the shores of Kep province, is on the brink of transformation. The construction of the much-anticipated tourist port on this pristine island has reached a significant milestone, with completion now standing at an impressive 50%, marking remarkable progress since the project commenced at the end of 2021.
October 23, 2023 | Construction Property | Link: https://tinyurl.com/5aw4zwxj
- Cambodia, Vietnam PMs speed up expressway connection
Ironing out differences in the quest to connect expressways from Phnom Penh to Bavet and from Bavet to Ho Chi Minh City formed the crux of a meeting between Prime Minister Hun Manet and his Vietnamese counterpart Prime Minister Pham Minh Chinh
October 24, 2023 | Khmer Times | Link: https://tinyurl.com/5f7rdpyz
- Angkor airport boosts transport options
Angkor International Airport Investment (Cambodia), the developer of the new Siem Reap-Angkor International Airport (SAI), has taken steps to enhance passenger transportation services at the airport.
October 19, 2023 | The Phnom Penh Post | Link: https://tinyurl.com/4u9he8am
- PM opens Techo Santepheap National Hospital
Prime Minister Hun Manet will officially inaugurate the Techo Santepheap National Hospital, the largest and most modern national hospital, in Phnom Penh
October 24, 2023 | Khmer Times | Link: https://tinyurl.com/67xcvkzv
- Cambodia Greenlights Over $4 Billion in New Projects, A Remarkable 186% Surge in Eight Months
Cambodia is experiencing a remarkable surge in construction activities, as the Ministry of Land Management, Urban Planning, and Construction recently unveiled an astounding approval of more than $4 billion for over 2,367 new construction projects.
October 24, 2023 | Construction Property | Link: https://tinyurl.com/5d9b5uxr
- Kep pins tourism hopes for Sea Festival
Kep province is set to host the tenth round of the annual Sea Festival from December 1 to 3, aiming to boost tourism development in the province and attract more tourists, both local and foreign, to visit the coastal province.
October 25, 2023 | Khmer Times| Link: https://tinyurl.com/2m9uv5uj
- Infrastructure push set to lure Chinese investments
The ongoing infrastructure projects facilitated by the National Government are expected to create a strong platform for attracting Chinese investments in Cambodia, according to Deputy Prime Minister and First Deputy Chairman of the Council for the Development of Cambodia (CDC) Sun Chanthol.
October 25, 2023 | Khmer Times | Link: https://tinyurl.com/286an43j
- A US$380K Cutting-Edge Storage Facility Officially Unveiled at Phnom Penh Autonomous Port
An impressive addition to Cambodia’s logistical infrastructure is now officially in operation as the Phnom Penh Autonomous Port (PPAP) unveiled its brand-new temporary customs warehouse. Valued at US$380,000, this state-of-the-art facility boasts a substantial storage capacity, capable of accommodating approximately 8,640 tons of cargo.
October 25, 2023 | Construction Property | Link: https://tinyurl.com/4pym4ncm
- Majestic Roundabout and King Kan Statue Near Completion in Tbong Khmum at 90% Progress Mark
An architectural marvel is nearing completion in Tbong Khmum, as the roundabout and the awe-inspiring 13.35-meter-high copper statue of King Kan near the 90% milestone.
October 25, 2023 | Construction Property | Link: https://tinyurl.com/yc3vktvu
- CBRE report spotlights slowdown in commercial real estate sector
The latest report by Global Commercial Real Estate Services (CBRE) for the third quarter of the current year finds commercial real estate development slowing down in the Kingdom.
October 27, 2023 | Khmer Time | Link: https://tinyurl.com/5n7cvp3s