Weekly Property News Round-Up, November 8th, 2021

08 November 2021 | Posted in News
Property News Round Up

Property News Roundup November 8th, 2021

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

  1. Koh Kong airport’s first test flight early 2022

The first trial flight is set to land in Koh Kong province’s Dara Sakor International Airport in late January or early in February, according to the company in charge of construction.

Nov 1st, 2021 | Phnom Penh Post | Link: https://bit.ly/3CBpZVu

2. KH to have first world-class racetrack worth around 26M

Duke Heng Sethy, owner of Maritime Group, recently signed an agreement with PHG International to build Cambodia’s first international racetrack, worth about 26 million euros ($ 30 million).

Nov 1st, 2021 | Construction Property | Link: https://bit.ly/3w3VwNr

3. KH’s 1st international baseball court to be built in Kp. Chnang later this year

The stadium will be built on an area of ​​about 3 hectares with an investment of about $ 400,000. This is according to Mr. Chhim Dara, CEO of Homeland Real Estate and President of the Baseball Association of Cambodia.

Nov 2nd, 2021 | Construction Property | Link: https://bit.ly/3BCRRHJ

4. Private firm picked to help develop Kandal infrastructure

The government agreed in principle to lease 172 hectares of state land in Khsach Kandal district to the Khun Sear Import Export Company, owned by the real estate tycoon Khun Sear, in exchange for infrastructure construction in Takhmao city.

Oct 4th, 2021 | Khmer Times | Link: https://bit.ly/3wk58UF

5. KH to establish SHV multi-purpose Special Economic Zone

The Cambodian government is working to transform Sihanoukville province, also known as Preah Sihanouk province, into a multi-purpose special economic zone (SEZ) after the province received the designation earlier this year.

Nov 3rd, 2021 | Khmer Times | https://bit.ly/3CHWYrd

6. Hong Lai Huat to invest $25M on mixed used project in SHV

Hong Lai Huat Group Ltd has signed an agreement to develop its fourth mixed-use project in Cambodia. The joint venture is between its wholly-owned subsidiary HLH Development Pte Ltd (HLHD) and local landowner, Smart Winner Co Ltd.

Nov 3rd, 2021 | Khmer Times | https://bit.ly/2YdED6A

7. The state allows Try Pheap Group to change Koh Tonsay into a high-level natural tourism area

Kep Provincial Administration has decided to join hands with a well-known local company, Try Pheap Group Co., Ltd., to develop Koh Tonsay as a high-end luxury natural tourism area in the near future.

Nov 4th, 2021 | Construction Property | https://bit.ly/2YeB2VT

8. Hundreds protest developer’s plans for Kandal ‘lake purchase’

About 600 people from four villages surrounding Boeung Khyang Lake in Roka Chonloeng commune of Kandal province’s Khsach Kandal district gathered at the commune hall on November 2 seeking an intervention and demanding authorities to preserve the lake for community use.

Nov 5th, 2021 | Phnom Penh Post | https://bit.ly/3nTqV1s

9. State redefines national road network to effectively manage and repair

The Ministry of Public Works and Transport (MPWT) is updating the inventory of national and provincial roads across the country and preparing a new comprehensive road network map to ensure effective management.

Nov 5th, 2021 | Construction Property | https://bit.ly/3GROXTf

10. Prince Bank to invest $15M in new PP airport project through bonds

Cambodia Airport Investment Co., Ltd (CIAC), the developer of the new Phnom Penh Airport project, has decided to sell $ 15 million in guaranteed bonds to Prince Bank to raise additional capital to build a new Phnom Penh airport in Kandal province.

Nov 5th, 2021 | Construction Property | https://bit.ly/3nY0QOM