Property News Roundup 31st March 2025
We’re delighted to share the weekly news highlights below.
- CCC deepens investment cooperation with Vietnam
The Cambodia Chamber of Commerce (CCC) and its Vietnamese counterpart held productive meetings in Ho Chi Minh City from March 17-20 to boost trade and investment. The CCC delegation, led by Vice-President Chhim Sok, engaged with Vietnamese businessmen and investors, focusing on cooperation in various sectors. They visited production sites and attended the International Processing and Packaging Exhibition. Vietnamese businessmen will also visit Cambodia to explore potential partnerships, especially in agriculture.
March 25th 2025 | Khmer Times | Link: https://tinyurl.com/77nmvxf9
- Cambodia Achieves Historic Milestone in Water Supply Management
The Phnom Penh Autonomous Water Supply Authority (PAPWSA) achieved a significant milestone by digitally connecting raw water mains in Koh Nora without interrupting the clean water supply. This historic first for Cambodia was celebrated by officials, including Minister Hem Vandy and Japan’s Ambassador UENO Atsushi. The project, which included advanced electromechanical systems and a new raw water pumping station, boosts capacity to 460,000 cubic meters per day, ensuring uninterrupted clean water and supporting economic activities in Phnom Penh and Takhmao.
March 25th 2025 | Construction & Property | Link: https://tinyurl.com/yksmajwv
- Chinese-trained programme crucial to promote rice-prawn farming in Cambodia: official
A Chinese-trained program is helping promote rice-prawn farming in Cambodia, benefiting local farmers. Thay Somony, director of the Department of Aquaculture Development, highlighted the week-long training by a professor from Shanghai Ocean University. The program covers ecosystem service analysis, biodiversity conservation, climate adaptation, and digital prawn nursing. It equips around 50 participants with skills for sustainable farming and promotes collaboration among stakeholders. The initiative aligns with Cambodia’s National Strategic Plan for Aquaculture Development, aiming to increase productivity, sustainability, and economic growth.
March 25th 2025 | Khmer Times | Link: https://tinyurl.com/tamkmeve
- MLMUPC, NBC agree to jointly streamline asset utilization
The Minister of Land Management, Urban Planning and Construction (MLMUPC) and the National Bank of Cambodia (NBC) have agreed to form a joint working group to integrate the Bakong system with MLMUPC’s data management system. This initiative aims to enhance the efficient and transparent use of assets. The collaboration will focus on using blockchain technology to streamline land title transfers and real estate transactions, promoting digital economy and social development. This effort aligns with Cambodia’s long-term vision for economic growth and modernization.
March 26th 2025 | Khmer Times | https://tinyurl.com/2r3ezyrx
- GDCE, AmCham discuss facilitating US biz in Kingdom
The General Department of Customs and Excise of Cambodia (GDCE) and the American Chamber of Commerce in Cambodia (AmCham Cambodia) held a productive meeting to enhance trade and investment opportunities for American businesses. Co-chaired by GDCE Director-General Kun Nhem and AmCham President Casey Barnett, the discussion focused on improving the business climate and customs reforms. AmCham praised GDCE’s modernization efforts and requested collaboration on a study tour at Sihanoukville International Port. In the first two months of 2025, Cambodia-US trade reached $1.67 billion, a 25.7% increase.
March 26th 2025 | Khmer Times | Link: https://tinyurl.com/m9rsd2ef
- Cambodia Welcomes 12 New Investment Projects, Boosting Economy and Job Creation
Cambodia has approved 12 new investment projects worth over USD 104 million, creating around 4,400 jobs. These projects span various sectors, including wood processing, electrical lighting, home appliances, and more. Notable initiatives include a modern hospital, a mixed resort, and a laundry service, spread across key provinces to enhance economic opportunities and improve citizens’ quality of life.
March 26th 2025 | Construction & Property | Link: https://tinyurl.com/5ajsrdey
- PM says govt to invest $1B in Sihanoukville development
Prime Minister Hun Manet announced a $1 billion, five-year plan to develop port infrastructure in Preah Sihanouk province. The investment will enhance Cambodia’s main deep-sea port and improve logistics, boosting economic growth and connectivity. The plan includes developing human resources to maximize these opportunities.
March 27th 2025 | Khmer Times | Link: https://tinyurl.com/k5s2wfx4
- Singapore new home sales surge to 1,575 units in February
Singapore developers sold 1,575 new homes in February, a 45% increase from January and over 10 times more than February 2024. The Outside Central Region (OCR) led sales with 1,452 units, driven by new launches Parktown Residence and ELTA. The Rest of Central Region (RCR) and Core Central Region (CCR) saw fewer sales. Executive condo (EC) transactions also rose, with Novo Place in Tengah being the top-seller.
March 27th 2025 | Real Estate Asia | Link: https://tinyurl.com/yc345ev7
- Cambodia-US boost investment ties amid tariff risks
The second Cambodia-US Public-Private Sector Dialogue highlighted Cambodia’s investment growth and digitization efforts. However, concerns were raised about potential US tariffs due to Cambodia’s trade surplus and existing tariffs on American goods. To avoid tariffs, Cambodia may need to reduce tariffs on US products and fast-track licensing for American companies. Both sides are working to improve the investment climate.
March 28th 2025 | Khmer Times | Link: https://tinyurl.com/22vazet6
- Vietnam emerges as key hub for int’l textile manufacturers
Vietnam’s strategic location, sustainability efforts, and innovation make it a top choice for international textile producers. At VIATT 2025, experts noted Vietnam’s momentum and potential to become the second-largest garment exporter. The industry, with 7,000 companies and over 3 million workers, focuses on exports and is driven by a strong logistics network, skilled workforce, and political stability. Sustainability and technology are key, with companies adopting eco-friendly materials and aiming for net-zero emissions by 2050. The sector aims for $48 billion in exports by 2025, supported by free trade agreements and investments in automation and digital transformation.
March 28th 2025 | Vietnam+ | Link: https://tinyurl.com/34awxmer