πŸ“Ί Cambodia Construction and Property News #Week59 (αž–αŸαžαŸαž˜αžΆαž“αžŸαŸ†αžŽαž„αŸ‹αž“αž·αž„αž’αž…αž›αž“αž‘αŸ’αžšαž–αŸ’αž™αž”αŸ’αžšαž…αžΆαŸ†αžŸαž”αŸ’αžαžΆαž αŸ)

πŸ“Ί Cambodia Construction and Property News #Week59 (αž–αŸαžαŸαž˜αžΆαž“αžŸαŸ†αžŽαž„αŸ‹αž“αž·αž„αž’αž…αž›αž“αž‘αŸ’αžšαž–αŸ’αž™αž”αŸ’αžšαž…αžΆαŸ†αžŸαž”αŸ’αžαžΆαž αŸ)


Hello, welcome to Construction & Property weekly news. Every week, we bring hot news regarding construction and property in Cambodia to you. With no further delay,
let’s go to the news contents of this week. Samdech Hun Sen announces aim to build infrastructure
linking Cambodia-Thailand Vietnam opens first factory converting sea sand to
construction sand Construction contract for 34 roads in Sihanoukville set for
November EuroCham discusses ‘quality in construction’ amid booming
industry Real estate transactions in Cambodia remain strong Samdech Hun Sen announces aim to build infrastructure
linking Cambodia-Thailand Cambodian Prime Minister Samdech Techo Hun Sen on 02 October October announced his goal to build key infrastructures that will connect Cambodia with Thailand. Speaking at the graduation ceremony, Samdech Techo Hun Sen spoke on the progress
of infrastructure development in Cambodia while stating his intention to build more. In the future, we will break ground on construction connecting Samlot to Pursat and cut through to Koh Kong to connect as a corridor. Samdech Techo Hun Sen stressed that infrastructure is a factor that makes it easier for people to travel and ease
travelling costs. Vietnam opens first factory converting sea sand to
construction sand A factory on the island of Phu Quoc in southern Vietnam has opened to convert sea sand into construction sand which is now able to produce 200 cubic metres
of construction grade sand in just one hour. The factory is opened amid the global shortage of construction sand with high-grade sand scheduled to run out
in 2020. In 2011, Vietnam experimented the technology of blasting water to remove the salt and organic impurities from the beach sand. In 2018, Vietnam Institute for Building Science confirmed that the processed sand is suitable for construction. The technique was licensed Phan Thanh Construction. Construction contract for 34 roads in Sihanoukville set for
November The construction contract for 34 roads in Sihanoukville is set to be signed in November, though the date for the start of construction is yet to be
scheduled. The confirmation came after an inter-ministerial
meeting on the infrastructure project in Sihanoukville was held and concluded on 01 October at the Ministry
of Land Management Urban Planning and Construction. Sihanoukville provincial hall
spokesman Mr Kheang Phearom told that that the road construction project in
Sihanoukville which will cost US$100 million is scheduled to be contracted to a construction company in early
November. Mr Kheang Phearum stressed that the construction of
these roads would be of great benefit to Sihanoukville. Additionally, the US$2 billion expressway linking Phnom Penh to
Sihanoukville on which ground was broken in March, is expected to be completed ahead of the original planned
schedule by the end of September 2022. EuroCham discusses ‘quality in construction’ amid booming
industry The European Chamber of Commerce in Cambodia on 03 October organised a Breakfast Talk regarding quality in construction aiming to see how contract management
helps deliver quality projects. Around 80 real estate and construction
professionals attending the event. Mr Michel Cassagnes, the moderator and
managing director at Archetype Cambodia said the event tried to see how the contract can help developers to achieve and quality in construction at the end of the project. Mr. Stephane Bigorre, one of the panelists and
managing director and partner at LBL International said quality in construction is best described as conformance to
some requirements with the contract serving as the basis. In addition, Mr. Guillaume Bernard, Co-founder and
President of the Asian Association for Contract Management agreed on the importance of contract management. He also noted that assessing the risk and target for all internal
stakeholders is important so contractors can deliver a project
without any problems, mitigation, or nonconformity. H.E Chhann Sorphal, Director General of the Construction of
the Ministry of Land Management said that the new construction law also includes
construction contracts in one of the chapters. Real estate transactions in Cambodia remain strong The General Department of Taxation has recently
collected US$1,952 million in tax revenue, of which the tax on stamp duty increased by 60.18% compared to the same period last year. Mr Sorn Seap, founder of real estate firm Key Real
Estate and a real estate expert said that increasing stamp duty tax shows a massive buying and
selling, and the real estate industry is very active. He added that the increase in tax revenue
also reflects the growing awareness of people on real estate transactions in Cambodia, and especially in developing areas, where people can make profit or investment to serve their
businesses. In addition, this increase came as the Cambodian government introduced a new tax base for stamp duty aimed at increasing tax revenue and in line
with the Cambodia’s real estate development. Dear audiences, Construction & Property weekly news has come to the end. Thank you for spending time with us. We will come back to you next week. I’m Bun Saosopheakneath,
and our staffs thank you again and goodbye.

Leave a Reply

Your email address will not be published. Required fields are marked *