ASEAN Resorts Look to the Skies

Airport upgrades and new constructions are taking place across ASEAN’s top resort areas to increase tourist numbers and drive their real estate markets.

According to Property Report, this trend aims to bring a number of positive local and regional benefits. Greater access and awareness through better connectivity serves as a catalyst for local investment and employment in improved tourist infrastructure and services. As a result land prices rise and internationally-branded resorts seek properties to develop.

Cambodia, Vietnam, the Philippines and Indonesia have been investing heavily in increasing capacity and facilities in key tourist resort areas outside their capitals. Cambodia recently doubled capacity at its coastal Sihanoukville airport.

- Video Advertisement -

Related Post

Cambodia officially Withdraws from CLV Development Triangle

In a significant move, the Cambodian government has officially announced its withdrawal from the Cambodia-Laos-Vietnam Development Triangle Area (CLV-DTA). This decision was formalized by promulgating the Law on the Approval of the Agreement on the Promotion and Facilitation of Trade in the CLV-DTA, marking a new chapter in Cambodia’s regional engagement. The law will take […]

555 registered mineral resource licenses are operating in the mining sector in Cambodia

Cambodia is witnessing significant growth in its mining sector, with 555 active legal mining operations currently licensed by the Ministry of Mines and Energy. These operations have attracted a total investment of USD 2.764 billion and provided approximately 11,306 jobs for the local population. According to a report released at the Ministry’s annual meeting, the […]

Cambodia Nears Completion of Land Registration, Targeting 2028 Finish

Cambodia is making significant strides in its land registration initiative, with over 7.7 million land parcels successfully registered nationwide. Only about 1.5 million parcels remain, and the Ministry of Land Management, Urban Planning and Construction anticipates their registration will be completed in the near future. Government Spokesperson H.E. Pen Bona announced these updates during a […]

Four Companies Submit Proposals to Redevelop Block A in Cambodia

The Ministry of Mines and Energy has announced that nine companies have shown interest in redeveloping Block A, with four of them officially submitting proposals for oil exploration. The other five companies have yet to file formal development applications. According to a report released after the recent annual conference, the four companies that have submitted […]

Cambodia Inaugurates New National Assembly Administration Building with Vietnamese Support

Cambodia has officially inaugurated a state-of-the-art National Assembly administration building, thanks to a generous aid package of $25 million from Vietnam. The inauguration ceremony took place on November 21, 2024, with prominent figures in attendance, including Samdech Khuon Sodary, President of the National Assembly, and His Excellency Tran Thanh Man, President of the National Assembly […]

Brunei’s Khazanah Nasional Targets Multi-Sector Infrastructure Investment in Cambodia

Khazanah Nasional Berhad, a leading investment firm from Brunei Darussalam, has announced plans to explore infrastructure investment opportunities in Cambodia, focusing on health, water resources, transport infrastructure (including railways and airports), and banking. This initiative was discussed during a meeting between PM Hun Manet and Khazanah’s CEO, Mr. Dato Khairul Hamed, on 19 November 2024. […]