This edition is a major update of the 1993 edition.
The box is quite smaller but taller, due to the fact that the new table is folded in four. The table and the deeds doesn't include text anymore, so they are language-free, the instructions included are printed on paper so that most of what's inside is identical between countries.
The leisure facilities are more modern but smaller, due to the smaller dimensions of the table. The plastic of entrances, cars and hotel parts is made of a different material than the past and it seems more resistant than the older version.
This edition has been published in different years (1996 & 2002 by MB and Hasbro, 2004 by PARKER, another company bought by Hasbro). The only differences between these editions are small changes on the boxes and the building permission die.

Trivia: the 2004 Parker edition front box cover curiously shows no lampposts of the Royal Hotel, maybe there was the intention to finally remove them, though they are still included in the box.