Property News Roundup July 05th, 2021

05 July 2021 | Posted in News

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

  1. KK Governor revokes land transaction papers signed by local authorities

Koh Kong Provincial Governor HE Mithona Phouthong has ordered the Commune and Sangkat officers to stop approving or signing on all illegal protected land transaction documents and also voided all the previously-signed ones.

June 28th, 2021 | Construction Property | Link: https://bit.ly/3A53B67

 

  1. PP-Bavet railway and 3 other projects to be included in masterplan

The Ministry of Public Works and Transport (MPWT) has requested its working committee to include the Phnom Penh-Ho Chi Minh railway project and three other major infrastructure projects into the national transport and logistics masterplan, to accelerate progress on the projects.

June 29th, 2021 | Construction Property | Link: https://bit.ly/3yhczM7

 

  1. 6 regions in Mondulkiri chosen for masterplan development

The 5 wildlife sanctuaries, Bou Sra, Sen Monourom city, Ou Reang area, Kaoh Nheaek area and Integrated tourist areas along the border are choosen for a tourism development masterplan, with the aim of turning Mondulkiri into the fourth kingdom’s fourth economic pole.

June 30th, 2021 | Construction Property | Link: https://bit.ly/2SAnWPQ

 

  1. SR 38-road renovation 63% complete

Construction of the 38-road renovations in Siem Reap will be completed by December this year as scheduled, while progress to date has reached over 63%, according to Minister of Public Works and Transport HE Sun Chanthol during his site inspection on 28 June.

June 30th, 2021 | Construction Property | Link: https://bit.ly/2UeuKDm

 

  1. Macau Casino operator delays 1200-ha Land Acquisition in SR Again

Macau-based gaming operator Macau Legend Development Ltd has once again failed to reach an agreement on its 1200-hectare land acquisition in Siem Reap but has stated that it is now negotiating with the seller for amicable solutions, reported IAG.

June 30th, 2021 | Construction Property | https://bit.ly/3AeEbTC

 

  1. $169 M loan from IFC to help ACLEDA support SMEs

A five-year $169 million loan from the International Finance Cooperation (IFC) will help ACLEDA Bank Plc support small and medium-sized enterprises (SMEs).

June 30th, 2021 | Khmer Times | https://bit.ly/3xYHvR0

 

  1. KH-Thai Stueng Bat Border Checkpoint 20% complete

The construction of the US$24-million Stueng Bat-Ban Nong Ian international border checkpoint located nearby the existing Khmer-Thai Poipet checkpoint of Banteay Meanchey province is now 21.05% complete.

July 01st 2021 | Construction Property | https://bit.ly/3qB2DKy

 

  1. Interior Ministry to build new US$20m administration building

The Ministry of Interior will build a new administration building worth approximately US$20 million inside the current ministry complex as it has already received approval from the government.

July 01st 2021 | Construction Property | https://bit.ly/3jvIp3x

 

  1. PP airport flyover plans run into Corona virus turbulence

Due to 19 Corona virus cases, the work activities have been cut in half, delaying the new flyover and plans to build a new development on Nora Island.

July 01st 2021 | Khmer Times | https://bit.ly/3y85NrO

 

  1. Travel Industry pushes open borders for jabbed tourists

In a letter written to Minster Thong Khon dated June 29, PATA Cambodia Chairman Thourn Sinan requested the Tourism Ministry and the government to permit vaccinated tourists to visit Siem Reap and other areas and to gradually open Cambodia’s borders.

July 01st 2021| Phnom Penh Post | https://bit.ly/3654uxK

 

11. US$2.5B Koh Norea Satellite City 30% complete

Construction of the US$2.5-billion Koh Norea satellite city being developed by OCIC has reached 30% completion, with the company confirming that construction is on schedule despite the COVID-19 crisis.

July 02nd 2021| Construction Property | https://bit.ly/3xc56xn

 

12. Notice given to PP sidewalk businesses: demolish or relocate

Phnom Penh municipality has placed a new order giving two months to all business owners to remove or relocate their shops located on sidewalks; otherwise face drastic legal action.

July 02nd 2021 | Construction Property | https://bit.ly/2SJE0yU