Chinese Firm to Inject More Investment into Koh Kong’s Long Bay Resort
Zheng Heng Group, the operator of the Long Bay Resort in Koh Kong province, has claimed to be injecting more investment into its resort to bring this gigantic tourism complex to a whole new level. The firm revealed the plan during a meeting with Koh Kong Governor HE Mithona Phouthorng on 21 May. According to […]
Read More
Construction of Thailand’s New US$63 million Highway Connecting to Cambodian Border 70% Complete
Construction of a new highway connecting Thailand’s Ban Nong Ian in Sa Kaeo province to the Cambodia-Thailand border town of Stung Bot in Banteay Meanchey province is now about 70% complete, according to the Bangkok Post yesterday. The four-lane road will be named Highway 3646 and has a total length of 25 kilometres, connecting with […]
Read More
Experts Share 6 Key Adaption Strategies to Survive While Waiting for Property Market Recovery
Local analysts are optimistic that the real estate market and the economy as a whole, could recover in early 2022 after the COVID-19 pandemic subsides. However, from now to early 2022 is quite a long time to survive especially for businesses that are highly affected by the pandemic. Besides, the beginning of 2022 is only […]
Read More
Experts: SHV’s Current Economic Slowdown Ending of First Growth cycle; Next Cycle Could be 5 times Higher
Real estate experts have predicted that the current slowdown in investment activities in Sihanoukville is just the end of the first growth cycle, with yet more investment waves to come soon with at least five times the current investment value. Experts shared their forecasts during a forum to discuss the real estate market status, which […]
Read More
Singaporean Firm PropNex Enters Cambodia Property Market with Over 500 Sales Agents
Singapore’s largest listed real estate agency PropNex has expanded its business into the Cambodian market with a headquarters in Phnom Penh and office branches in Siem Reap and Sihanoukville, according to the firm’s press release on 19 May. The expansion will add over 500 sale agents in Cambodia and bring up the total agents of […]
Read More
KRock Brings the First Khmer Tile Design to the International Stage
Over the past seven years, leading Cambodian roof tile manufacturing firm KRock has been working non-stop to design, enhance, and modernise ordinary Khmer tiles into a standardised tile with intellectual property rights registered in over 10 countries. According to KRock Manufacturing Co., Ltd owner Oknha Ly Chhuong, the ultimate goal of his firm is to […]
Read More
First 300,000 Barrels of Crude Oil Produced in Cambodia Ready to Export this Month
KrisEnergy will make the shipment of the first 300,000 barrels of crude oil produced from the Apsara well offshore Cambodia to international markets within this month, according to the Director-General of Petroleum at the Ministry of Mines and Energy HE Cheap Sour. According to the DG, the total volume of the first shipment might vary […]
Read More
Locals Receiving State Land in Koh Kong Must Apply for Permit Prior to Any Developments
Citizens who claim to have obtained state land from protected zones in Koh Kong province must request for a permit before starting to clear the forest or develop any constructions on the land, according to a Botum Sakor District Administration announcement on 18 May. The announcement stated that the locations required for development permits include […]
Read More
Vietnam Mulls Spending US$65 billion on Transport Infrastructure
Vietnam’s Ministry of Transport has recently announced plans to spend approximately US$65 billion to improve transport infrastructure nationwide. According to the 2030 master plan, the estimated budget will be used for projects such as the construction of 5,000 kilometres of expressways, a deepwater port in Hai Phong, high-speed rail routes running along major north-south arteries, […]
Read More
NR10 Connecting Battambang to Koh Kong 50% Complete
As of mid-May, construction of NR10, connecting Battambang to Koh Kong province, is approximately 48.77% complete, according to the Ministry of Public Works and Transport on 18 May. The Secretary of State of the Ministry of Public Works and Transport HE Bong Bun Hourn confirmed that the construction work is still going smoothly despite the […]
Read More
Kampong Speu’s Cultivated Area Increases to Over 120k ha Despite Growth of Factories
Despite the growth of the number of factories, the cultivated area in Kampong Speu province rose to over 120,000 hectares as of early 2021, according to Governor HE Vy Samnang HE Vy Samnang posted on Facebook on 18 May that the cultivated area of Kampong Speu province has increased from 110,000 hectares to 120,000 hectares […]
Read More
Luxurious Beachfront Living on a Whole New Level with Lennar
Golden Gate Global works closely with Lennar International to offer international real estate investors exclusive opportunities for U.S. home purchases through Lennar’s extensive inventory of residential communities in 21 states of the USA. Demand for U.S. real estate among Asian investors has steadily increased in recent years. Cambodian investors can now buy homes in Harbor […]
Read More