Property News Roundup, December 6th, 2021

06 December 2021 | Posted in News
Top Property News Roundup

We’re delighted to share the weekly news highlights below.

  1. KH registers $39Bn in FDIs in H1 2021

Cambodia licensed new foreign direct investments totaling $39 billion in the first semester this year, a year-on-year increase of 9.6 percent, the National Bank of Cambodia’s statistics showed today.

Nov 29th, 2021 | Khmer Times | Link: https://bit.ly/3o2EI7k 

  1. RE and construction sectors contribute 15.9% of H1’s total FDI

The real estate sector ranked third, accounting for 12.2% of total foreign direct investment, equivalent to more than US$4.7 billion, while the construction sector contributed 3.7% or US$1.4 billion.

Nov 29th, 2021 | Construction Property | Link: https://bit.ly/3cXwhnf 

2. Construction of PP-SHV Expressway 70% complete, set to finish in late 2022

Construction of the 190km Phnom Penh-Sihanoukville expressway is approximately 70% complete as of November 2021. The project is expected to be completed ahead of schedule, moving from 2023 to late 2022.

Nov 29th, 2021 | Construction Property | Link: https://bit.ly/3170I8h

3. Hotel Nikko Phnom Penh due 2024

Globally renowned Japanese company Okura Nikko Hotel Management Co Ltd has postponed the launch of Hotel Nikko Phnom Penh from next year to 2024, in the expectation that the Cambodian tourism industry would have recovered from Covid-19 by then.

Nov 30th, 2021 | Phnom Penh Post | Link: https://bit.ly/3lhdvMo

4. CP Fresh Mart enters modern retail food sector with quality products

CP Fresh Mart has joined Cambodia’s food retail sector with two outlets — in Siem Reap and Battambang — offering consumers another option to buy locally grown fresh produce and ready-to-eat products.

Nov 30th, 2021 | Phnom Penh Post | https://bit.ly/3E8ioyH

5. Over 2k hectares of flooded forest seized in new push

Over 2,000ha out of more than 10,000ha of flooded forestland around the Tonle Sap Lake have been seized, with more than a dozen offenders already begging for clemency for their encroachment on the protected areas which the government says must be preserved as fish-spawning habitat.

Nov 30th, 2021 | Phnom Penh Post | https://bit.ly/3o3szyH

6. L’attrait has been completed and fully operational from November

L’attrait BKK, the first high-end Japanese-developed condominium project in Boeung Keng Kang 1, has been completed and is fully operational from November onwards despite the impact of the COVID-19 pandemic.

Dec 1st, 2021 | Construction Property | https://bit.ly/318HZcF

7. Large-scale modernization of KH’s Port Control System almost 100% complete

As of 30 November, the development of the Electronic Data Interchange System or Port EDI system has reached almost 100% completion with only some technical works remaining.

Dec 2nd, 2021 | Construction Property | https://bit.ly/3dgSXyR

8. $200m SHV port expansion project in bidding stage; construction to begin in 2022

The Sihanoukville deep-sea port expansion project phase 1 is now in the bidding for contractor stage after the layout design has been finally completed with the construction expected to begin in 2022.

Dec 3rd, 2021 | Construction Property | https://bit.ly/3devEptv

9. PM says nation’s growth to be driven by Sihanoukville

Prime Minister Hun Sen said more than $320 million was spent on the construction of infrastructure in Preah Sihanouk province to improve Cambodia’s image and drive economic growth.

Dec 3rd, 2021 | Phnom Penh Post | https://bit.ly/31iB5Sa