Local News
Gov’t to Allocate Over 1,600 Hectares of Land in Tbong Khmum Province as Protected Nature Reserve
The Ministry of Environment (MoE) together with relevant officials has agreed to register 1,643 hectares of the Boeung Karde area in Tbong Khmum province as a natural protected area which the government will later develop into eco-natural tourism and generic conservation centre. According to the official meeting on Monday 26 July, this plot of land […]
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Gov’t Seizes Over 700 Hectares of Illegally-Grabbed Land in Kampot
Authorities in Kampot province have seized over 700 hectares of illegal-occupied forest land in the Preah Monivong National Park. The move was made after an inspection visit made by Minister of Environment HE Say Samal on Monday 27 July. To date, Kampot Provincial Governor HE Chev Tay has already issued an official seizure letter. Meanwhile, […]
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Meridian International Holding Appoints CBRE Cambodia as Sales Agent for Flatiron Project
Meridian International Holding signed an agreement with CBRE Cambodia on Tuesday, appointing the international real estate service provider as their sole agent in the kingdom for sales and leasing at ‘Flatiron by Meridian’, an award-winning, mixed use project located within the Phnom Penh City Centre development zone. The agreement was signed by Meridian International Holding […]
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Chip Mong Retail Continues Construction of Malls Despite COVID-19
Chip Mong Retail continues to maintain good progress on the construction of its four malls, which have a combined investment value of US$500 million, despite the worsening COVID-19 situation. Mr Arnaud Dufresne, President of Chip Mong Retail, explained the key reasons behind the commitment in the investment saying that, “Chip Mong has been a leader […]
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Phhum Thmey Beach Resort Development Project in Kep Receives Green Light
The National Committee for Coastal Management and Development (NCCMD) has given the green light to a proposed beach resort development project in Phhum Thmey village in Kep province. The committee has urged the provincial administration to cooperate even closer with private firms to create similar kinds of projects in the province. This approval was given […]
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H&M to Open First Store in Cambodia in 2022
Swedish multinational clothing retail company Hennes & Mauritz AB (H&M) has announced the opening of its first store in Cambodia next year, according to a press release issued in early July. The firm, however, did not disclose the specific date and location of this first store. H&M already has a large presence in the region […]
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Aeon Mall 1 Expansion Confirmed
Aeon Mall 1 on Samdech Sothearos will expand its ground floor to host at least 30 more commercial stores, according to the firm’s press release. The expansion work will increase the ground floor space to 27,000 square metres area which will bring the ground floor space to a total of 162,000 square metres. With this […]
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Boeng Prek Lapov in Takeo Province to be Listed as Ramsar Site
The Ministry of Environment has prepared to list the wetlands of Prek Lapov Lake in Takeo province as a Ramsar site due to its natural benefits to both rare species of animals and local people. HE Neth Pheaktra, Secretary of State and spokesperson at the Ministry of Environment, said on 17 July that listing a […]
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Family-Friendly Lennar Community on Florida’s Fantastic Gulf Coast
Golden Gate Global works closely with Lennar to offer 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 the Lennar community […]
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What is Timeshare? – What Are The Differences Between Timeshare & Condotel?
Timeshare investment is the division of ownership of a unit in a hotel or resort into smaller parts/shares so that investors can purchase shares at an affordable price. Shares are divided based on usage time, typically in one-week increments. Thus, with 52 weeks a year, the property will have a total of 52 shares. For […]
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