After hiatus, World Bank OKs proposal for new funding

November 19th, 2014 , The Phnom Penh Post

Officials at the World Bank, which in 2011 froze new loans to Cambodia amid a furore surrounding the Boeung Kak lake evictions, have approved preliminary proposals to issue funding for a project that could see families forcibly removed in Kampong Thom province.

Under the World Bank’s Land Allocation for Social and Economic Development II (LASED II) project, $25 million would be given to the Ministry of Land Management, Urban Planning and Construction. …

Loans were stopped over the bank’s support for a land-titling program that sparked outrage when Boeung Kak lake residents were forcibly evicted to make way for a concession granted to ruling Cambodian People’s Party Senator Lao Meng Khin. …

Daniel Pye and Mom Kunthear
http://phnompenhpost.com/national/after-hiatus-world-bank-oks-proposal-new-funding

One million hectares reclassified, gov’t says

October 27th, 2014 , The Phnom Penh Post

More than 1 million hectares of forest terrain and land leased by private companies has been put under government control since Prime Minister Hun Sen initiated a moratorium on new economic land concessions (ELCs) in May 2012, the Ministry of Land Management, Urban Planning and Construction has claimed. …

At least “370,000 hectares of land has been cut out of ELCs from 134 companies and more than 250,000 hectares of land has been cut from state-owned land and seized forest land,” the statement reads. …

May Titthara
http://phnompenhpost.com/national/one-million-hectares-reclassified-gov%E2%80%99t-says

Massive satellite city’s major boulevard nearing completion

October 25th, 2014 , The Phnom Penh Post

A key component of the enormous ING City satellite city south of Phnom Penh – Samdech Techo Hun Sen Boulevard – is nearing completion. …

It will also provide access to ING City – previously known as AZ City – which is being constructed on land reclaimed from the Boeung Tompun wetlands. The city will also be crossed by two other major arterial roads.

Meas Viriya, the vice director of Technical Department of ING Holdings, told the Post that the bitumen surface of the $51 million road would be laid in December and it would be in use before the Khmer New Year. …

Siv Meng
http://phnompenhpost.com/real-estate/massive-satellite-city%E2%80%99s-major-boulevard-nearing-completion

Cambodia holds construction, property expo as construction sector booms

September 10th, 2014 , Xinhuanet News

An international construction and property exhibition kicked off here, in the capital city of Cambodia, on Wednesday as the country’s construction continued enjoying strong growth, officials said.

Andrew Siow, chief executive officer of AMB Event-Cambodia, which organized the expo at the capital’s Diamond Island Exhibition Center, said more than 300 companies from 23 countries and regions have their construction and property products displayed at the three-day event. …

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2014-09/10/c_133632913.htm

R’kiri row no drag on oknha title

August 15th, 2014 , The Phnom Penh Post

The Royal Palace has granted the prestigious title of oknha to politically connected businesswoman Keat Kolney, who has been locking horns for a decade with ethnic Jarai minorities in Ratanakkiri province over hundreds of disputed hectares.

Kolney – who is married to Chhan Saphann, an official at the Ministry of Land Management, Urban Planning and Construction, and is the sister of Deputy Prime Minister Keat Chhon – was appointed on June 11, according to the royal decree. The title was “requested by Prime Minister Hun Sen”. …

Chhay Channyda
http://www.phnompenhpost.com/national/r%E2%80%99kiri-row-no-drag-oknha-title

Chinese company unveils development plan for eco-tourism farm in northeastern Cambodia

June 23rd, 2014 , Global Post

Macao’s Guo Hong (International) Investment and Development Co. Ltd was officially launched in Cambodia on Monday with an investment plan in developing a large- scale eco-tourism farm in northeastern Cambodia, the company’s Managing Director Wu Jinlong said. …

Global Post News Staff
http://www.globalpost.com/dispatch/news/xinhua-news-agency/140623/chinese-company-unveils-development-plan-eco-tourism-farm-no

Cambodia sees big jump in construction investment in first quarter

May 22nd, 2014 , Shanghai Daily

Cambodia’s construction sector received a total investment of 851 million U.S. dollars in the first three months of 2014, up 311 percent compared with 207 million U.S. dollars over the same period last year, the official figures showed Thursday.

During the January-March period this year, the Ministry of Land Management, Urban Planning and Construction provided licenses to 50 construction projects, up 39 percent from 36 projects over the same period last year. …

Shanghai Daily News Staff
http://www.shanghaidaily.com/article/article_xinhua.aspx?id=219820

Cambodia has 960 garment, footwear factories: labor minister

April 24th, 2014

Garment and footwear industry, Cambodia’s largest foreign exchange earner, currently consists of 960 factories, employing some 620,000 workers, labor minister Ith Samheng said Thursday.

The sector made a revenue of 5.5 billion U.S. dollars last year, accounting for around 80 percent of the country’s total exports, he told a workshop on strengthening the process of minimum wage setting.

Main buyers are from the United States and European countries. …

Asean - China Centre News Staff
http://www.asean-china-center.org/english/2014-04/24/c_133287164.htm

Licadho data ‘not real’: gov’t

April 4th, 2014 , The Phnom Penh Post

The government yesterday accused Licadho of producing wildly misleading figures on land grabs, following the rights group’s announcement earlier this week that land conflicts in Cambodia have affected more than half a million people since 2000.

Speaking at a press conference yesterday, Sar Sovan, secretary of state at the Ministry of Land Management, Urban Planning and Construction, said the ministry does not accept the NGO’s findings, adding that the government has its own, more accurate figures. …

May Titthara and Alice Cuddy
http://www.phnompenhpost.com/national/licadho-data-%E2%80%98not-real%E2%80%99-gov%E2%80%99t

Scepticism over social land grants

March 13th, 2014 , The Phnom Penh Post

Nearly a million hectares of land has been granted to ordinary Cambodian citizens through social land concessions (SLC) since May 2012, the government has claimed, though civil society groups have cast doubt on that high figure and questioned how many landless or evicted poor have really benefited from the scheme as intended.

The amount of land allegedly given away to families in a less than two-year period is not far off the total 1.23 million hectares of land granted in economic land concessions (ELC) to private firms since 1993, per recent Ministry of Agriculture figures.

According to a statement released by the Ministry of Land Management, Urban Planning and Construction in January and obtained by the Post yesterday, the government has given more than 930,000 hectares of land to villagers through SLCs since Prime Minister Hun Sen placed a moratorium on new ELCs in May 2012. …

“The ministry has the great honour of informing the public that the government has reclassified and cut a total of more than 930,000 hectares of land to offer to the people,” the statement reads.

“Nearly 280,000 hectares has been cut out of 116 economic land concessions, more than 200,000 hectares of land has been cut out of 18 logging concessions and more than 450,000 hectares of land has been cut out of state land and forest land.” …

 

May Titthara
http://www.phnompenhpost.com/national/scepticism-over-social-land-grants

Expansive Sihanoukville property development on schedule for completion in 2017

February 27th, 2014 , The Phnom Penh Post

Representatives of Borey Kuch Asia say the company has injected millions of dollars into an apartment and villa complex in Sihanoukville, and that the project will be completed in 2017, despite political uncertainties.

Borey Kuch Asia project manager Tous Sapheoun said the company spent two years working on blueprints between 2005 and 2007, when it cleared the land in preparation for development for what will be a decade-long project. …

Borey Kuch Asia occupies a total of 61.94 hectares in Mittapheap district, Sihanoukville city, and is centrally located not far from Sihanoukville’s three main beaches – Sokha Beach, Independence Beach and Ocherteal Beach. …

Sum Manet
http://www.phnompenhpost.com/real-estate/expansive-sihanoukville-property-development-schedule-completion-2017

Increased residential, office and retail demand fueling rise in construction imports

February 20th, 2014 , The Phnom Penh Post

Cambodia spent more than $414 million on imported construction materials to meet increasing demand in the local construction and property sectors last year – a rise of 7 per cent compared to 2012.

According to officials and industry insiders, the increased value of imports reflected steady growth of the construction and property sectors. They also suggested that the improving numbers were evidence that both local and foreign confidence continued to be high when it came to investing in the property sector, despite some domestic turmoil in the wake of national elections.

The Kingdom’s disputed election results in July of last year have continued to incite protests and some violence, but appear to have had little effect on business confidence or economic growth, which has remained steady. …

According to government data, the ministry approved 1,641 projects covering a total area of 7.5 million square metres, and a total value of $2.8 billion in 2013, or an increase of 31 per cent year-on-year.

In 2012 1,694 projects were approved, with a total area of 6.5 million square metres and total investment of $2.1 billion. …

Sum Manet
http://www.phnompenhpost.com/real-estate/increased-residential-office-and-retail-demand-fueling-rise-construction-imports

Three key Ministers take actions to protect the State’s land

February 5th, 2014 , The Cambodia Herald

Three Ministers from the Ministry of Urbanization and Construction, Ministry of Agriculture and Fisheries and the Ministry of Environment have met to jointly set out work-plan to manage state’s land and natural resources.

The work-plan will be undertaken in line with the Government’s land policy introduced in July 2009 in which a list of inventory on the State’s intangible properties (land and buildings) will need to be gradually and clearly defined in a unified data with an aim to effectively control the State’s intangible properties, according to a statement released February 3. …

Since the demarcation will be done here and there across the country, the three Ministries agreed to begin their works with economic concession land and land on lease in order to make investment secure and to minimize land disputes

The Cambodia Herald News Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=15&token=OWQyMWQyZTk1ZWM

Cambodia’s construction sector attracts 2.27 bln USD in 9 months

October 31st, 2013 , Xinhuanet News

Cambodia’s construction sector has attracted a total investment of 2.27 billion U.S. dollars in the first nine months of 2013, up 24 percent compared with 1.83 billion U.S. dollars over the same period last year, a government report showed Thursday.

The report said during the January-September period this year, the Ministry of Land Management, Urban Planning and Construction had granted licenses to 1,242 construction projects, down 8 percent from 1,357 projects over the same period last year. …

Xinhuanet News Staff
http://news.xinhuanet.com/english/world/2013-10/31/c_132848042.htm

Cambodia’s construction attracts over 2 bln USD investment in 8 months

September 27th, 2013 , Xinhuanet News

PHNOM PENH, Sept. 27 (Xinhua) — Cambodia’s construction sector had received a total investment of 2.14 billion U.S. dollars in the first eight months of the year, up 40 percent from 1.53 billion U.S. dollars over the same period last year, a government report showed Friday.

From January to August this year, the Ministry of Land Management, Urban Planning and Construction had issued constructing licenses to 1,100 projects throughout the country. …

Xinhuanet News Staff
http://news.xinhuanet.com/english/business/2013-09/27/c_132755769.htm

Cambodia’s construction continues strong growth in H1: minister

September 10th, 2013 , Global Times

Investments in Cambodia’s construction sector have continued to grow sharply in the first six months of the year thanks to sound economic growth and investors’ trust in the country’s political stability, Im Chhun Lim, the country’s Minister of Land Management, Urban Planning and Construction, said Tuesday.

The country has received a total investment of 1.94 billion US dollars during the January-June period this year, up 123 percent compared with the 870 million US dollars at the same period last year, he said during the opening of an international exposition on real estate and construction.

He said currently, 571 construction companies have been operating in the kingdom. …

According to the ministry’s reports, the investments in real estate development had declined from 3.1 billion US dollars in 2008 to 1.98 billion US dollars in 2009 and further drop to 840 million US dollars in 2010.

However, the sector started to increase again in 2011 to 1.2 billion US dollars and further grew to 2.1 billion US dollars in 2012.

Construction is one of the four pillars supporting the country’s economy. Top ten countries and regions investing in the real estate and construction are South Korea, China, Britain, Thailand, Russia, Japan, Malaysia, China’s Taiwan, India and Vietnam. …

Last Friday, Hongkong Land broke ground on a 100 million US dollars mixed-use development project in Phnom Penh’s financial hub.

Called Landmark, the building by the Hong Kong-based property group will be on a 10,700-square meter site near the capital’s Freedom Park.

The Landmark property will comprise 16 levels of office space, four levels of luxury retail space and three levels of underground parking when completed in 2016, said the firm’s statement released during the ground-breaking ceremony. …

Global Times News Staff
http://www.globaltimes.cn/content/810044.shtml#.Ui69otKBmN8

Robust Recovery Continues

June 10th, 2013 , The Phnom Penh Post

Cambodia’s economy is on track to maintain its robust recovery thanks to a cocktail of private sector and government efforts. In 2012, the Asian Development Bank estimated that gross domestic product grew at a rate of 7.2 per cent, an increase from a 2011 International Monetary Fund figure of 6.5 per cent. After suffering from the fallout of the global economic downturn, GDP growth is surging back.

Kang Chandararot, president of the Cambodian Institute for Development Study, attributes much of the success to agricultural production, public investment in infrastructure and recoveries in both the garment and tourist sectors. …

Contributing factors for growth include Cambodia’s exports, consumer spending and the diversified flow of  foreign direct investment, which reached $1.5 billion in 2012. In its 2013 outlook, the ADB expects the industrial sector to expand by more than 10 per cent as EU demand for Cambodia’s products increase, thanks to preferential access to the market under the Everything but Arms initiative. …

“Cambodia’s economy is still fragmented, (there is) no broad-base growth . . . and it is led by unfair competition,” said Chandararot when asked about the challenges for Cambodia’s future growth. …

May Kunmakara
http://www.phnompenhpost.com/2013061066160/Business/robust-recovery-continues.html

Satellite cities a solution for overcrowded Phnom Penh

June 6th, 2013 , The Phnom Penh Post

The coming sprawls of Phnom Penh’s new satellite cities will bring about not only opportunities but also challenges for the population.

“Any urban area has to sprawl outside the main city areas so that it can keep up with the increasing demand of commercial land,” said Chrek Soknim, deputy director at Vtrust Property Co. …

The expansion of the central city to the outskirts of Phnom Penh can also be a good solution to the rising population. The latest data obtained from Phnom Penh City Hall shows the current population is about 1.6 million, growing from 1.4 million in 2008, while other sources indicate more than 2.2 million people in the city in 2012. …

Satellite cities are growing quickly. The government approved $2.1 billion of construction projects in 2012, while it was only $1.2 billion in 2011, data from the Ministry Of Land Management, Urban Planning and Construction shows. …

Sam Sopanharith & Hoem Seiha
http://www.phnompenhpost.com/2013060666086/Real-Estate/satellite-cities-a-solution-for-overcrowded-phnom-penh.html