Property News Roundup June 28th, 2021
We’re delighted to share the weekly news highlights below.
- PPLC to break ground next year
Minister of Public Works and Transport expects to sign a concession agreement with Singapore’s YCH in ASEAN Summit 2022 and break the ground on the Phnom Penh Logistics Centre (PPLC) next year.
June 21st, 2021 | Phnom Penh Post | Link: https://bit.ly/2UwKyRT
- Garment & textiles expect full operation next year
The garment and textile sector is confident of returning to full operation starting early next year if the government keeps up with the current momentum of its vaccination campaign and able to control the spread of Covid-19 by next year.
June 21st 2021 | Khmer Times | Link: https://bit.ly/3qq8QJp
- 6,000+ businesses registered online
FASMEC President said that registering on “Single Portal” only requires to complete a one-time business registration form, reducing the fees by up to 40% with a maximum of 8 days. As of June 14, 6,164 applications had been approved and await further procedures.
June 22nd 2021 | Phnom Penh Post | Link: https://bit.ly/3j7Zqk1
- 55% complete & Free trail PP-SHV expressway
The construction of the expressway was now 55% complete and will take another 48 months to complete. The Ministry of Public Works and Transport held discussion with the constructing company to allow drivers to test the road free of charge before the official toll.
June 23rd 2021 | Phnom Penh Post | Link: https://bit.ly/3xVDVHp
- Kratie-Kampong Thom bridge construction to begin after approval
Plans and studies of the Kratie-Kampong Thom Bridge are now complete with construction scheduled to begin soon after final approval by PM Hun Sen.
June 23rd 2021 | Construction Property | https://bit.ly/3qr5beo
- Final Studies PP-Bavet Expressway to complete this year
The framework agreement has been signed, and MPWT has urged the detailed studies for the Phnom Penh-Bavet expressway by the end of the year.
June 23rd 2021 | Construction Property | https://bit.ly/2TWrbl0
- Koh Kong: Protected land converted for private and public use
The Cambodian government has decided to take over 126,000 hectares of land from eight natural protected areas in Koh Kong province and convert them for private and public use.
June 24th 2021 | Construction Property | https://bit.ly/3qn5fvm
- NR6A expansion 50% complete
The NR6 expansion project in Siem Reap from the Sokha traffic lights to Jayavarman VII roundabout (airport junction) which is 5.8km long with 6 lanes is almost 50% complete.
June 24th 2021 | Construction Property | https://bit.ly/3xM00b2
- Arey Ksat property prices keep rising
The real estate industry expects property prices in the Arey Ksat area to be further driven up by construction of a proposed bridge linking the locality across the Mekong River to northeastern Phnom Penh.
June 25th 2021 | Phnom Penh Post | https://bit.ly/3qpoBQv
- Gov’t ends freehold sale of concessional land & rubber plantations
The Cambodian government has issued a new order to end the freehold sale and exchange of all Economic Land Concessions and co-investment rubber plantations – with some exceptions, to strengthen the efficiency of land management nationwide.
June 25th 2021| Construction Property | https://bit.ly/3dduJpF
11. $27M worth factories approved for SHV & Svay Rieng
The Council for the Development of Cambodia (CDC) recently approved private firms to invest in building four factories, worth approximately US$27 million, in Sihanoukville and Svay Rieng provinces and will create over 1,115 jobs.
June 25th 2021| Construction Property | https://bit.ly/3zZ77yK