Property Focus
Over 120,000 ha of Protected Land in Koh Kong Converted for Private & Public Use
The Cambodian government has decided to take over 126,000 hectares of land from eight natural protected areas in Koh Kong province and convert them for private and public use. According to Sub-Decree No. 30 dated 2 March 2021, some of the land will be given to local people, while some will be kept as state […]
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Koh Kong Casino Century Entertainment Warns of HK$40 million Full-Year Loss
Hong Kong-listed gaming investor Century Entertainment has issued a profit warning on expected losses of at least HK$40 million (US$5 million) for the year ended 31 March 2021, reported IAG. Among other factors, the loss is mainly due to the amortisation made on the intangible assets in relation to the gaming table business, and the […]
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Ministry of Commerce Urges Sweden to Open IKEA in Cambodia
The Ministry of Commerce has urged Sweden to consider opening renowned furniture megastore IKEA in Cambodia, as the demand for the market is significantly growing. The request was by Minister of Commerce HE Pan Sorasak during the meeting with the Swedish Ambassador to Cambodia HE Björn Häggmark. HE Pan Sorasak said that Cambodia would like […]
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24 Families Told to Leave State Land for Road Construction in Kandal
24 families living in Krasaing village, Takhmao city, whose houses affected the NR21 construction project have voluntarily left their properties with impact resettlement packages. Kandal Provincial Governor Kong Sophorn said that the working group has been focusing on this dispute for quite a long time. Finally, the families agreed to leave with proper compensation. “These […]
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Gov’t Mulls Constructing Large-Scale Nursery Research Centre in Kampong Chhnang
The Ministry of Agriculture Forestry and Fisheries is planning to transform the Hun Sen Meanok plant station in Kampong Chhnang province into a large-scale research and nursery centre, aiming to produce 10 million seedlings per year. According to the Minister of Agriculture, Forestry and Fisheries HE Veng Sakhon, the Hun Sen Meanok plant station has […]
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Total Capital Registered in New State-Run Online System at US$2.6bn, Real Estate Sector Accounts for 15%
The total number of companies registered through the new state-run online business registration platform has reached over 6,000, or equivalent to over US$2.6 billion investment value, one year after the platform’s establishment. According to the report from the Ministry of Economy and Finance’s there have been a total of 7,000 requests, 6,164 of which have […]
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Three New Eco-Tourism Destinations Proposed for Koh Kong Province
Private firms have proposed to invest in three ecotourism sites on 30 hectares in Khemara Phoumin city and Mondul Seima districts in Koh Kong province. Koh Kong Deputy Provincial Governor Ouk Pheaktra said during a site inspection on Monday 14 June that the three proposals are currently being reviewed and studied. “We must study carefully […]
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Evolutions of Retail Sector as Cambodia is increasingly digitally connected
Cambodia has reached over 20 million mobile phone subscribers by the Year 2020, most of which used smartphones. As Cambodia’s digital infrastructure continues to improve, this will release the untapped potentials in the ‘mobile internet-users market. The growing number of mobile phone subscribers using smartphones can eventually be translated directly into the markets of advertising […]
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CVEA Intends to Standardise & Systemise Sales Agents Nationwide
Senior members of the Cambodian Valuers and Estate Agents Association (CVEA) are considering opening a university to train all real estate agents nationwide and also planning to integrate all agents into a single management system. The proposal was made after the association discovered that the majority of investors do not trust Cambodia’s sales agents due […]
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Local Experts Share Two Key Strategies for Sustainable Real Estate Market Development
Real estate experts have suggested that for long-term and sustainable development of the real estate market, all related firms should not only focus on improving the quality of their own sales agents but also consider educating their customers. Chairman of the Board of Directors of CVEA and CEO of Realtor 168 Co., Ltd Lim Socheat […]
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