Property Focus
Siem Reap to Provide Homeless with Shelter, Increased Access to Resources
The Siem Reap provincial administration plans to relocate all homeless people and beggars scattered around Siem Reap town to live in the Phnom Changkarn Roi area in Varin district, where the authorities will soon build decent housing with proper infrastructure and allowing for small scale agriculture. Siem Reap Deputy Governor Nak Neron said during the […]
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Poipet Casino Star Vegas Reports More Losses in Q2 Due to Extended Closure
Poipet-based casino giant Star Vegas has announced an EBITDA loss of AU$530,000 in the second quarter of 2021 due to the extended closure of the casino since April, reported Inside Asian Gaming recently. In the second quarter, the company’s revenue was only AU$1.1 million, down 56% from the first quarter, while expenditure remained high. “The […]
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Regional Commercial Real Estate Investment Begins to Recover in H1
Despite the disruption of COVID-19, commercial real estate has seen a recovery during the first half of 2020, with investment in Asia Pacific commercial real estate reaching US$83.5 billion, a 39% year-on-year growth. This growth has brought the figure close to pre-pandemic levels, according to the real estate firm JLL. Volumes from January to June […]
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Gov’t Locks Down 8 Provinces, Implements Nationwide Curfew, & Suspends Risky Business to Prevent Delta Variant Spread
Cambodia Prime Minister Hun Sen last night issued a new order to all provinces to implement stricter measures as Cambodia is vulnerable to large-scale infection of the Delta variant. The new measures will be implemented from the night of July 29 to August 12, which include: -Imposing a curfew from 9 pm to 3 am […]
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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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Forbes Reveals Five Key Real Estate Tech Tools Industry Professionals Should Explore
As the world is moving toward digitalisation, real estate industrial players must also keep themselves in trend, or otherwise will lose competitiveness. Forbes has recommended five new tech tools that real estate professionals should explore: 1.Virtual Tours As the COVID-10 pandemic has prevented clients and brokers from meeting in person, this tool is a new […]
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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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