Property Focus
Borey Peng Huoth Unveils Upcoming Project, Invites Visitors to Explore Nearly Ten New Model Houses!
Mark your calendars for 23-24 March 2024, as Borey Peng Huoth prepares to launch its highly anticipated new project, offering unparalleled investment opportunities and stunning home designs for savvy investors. The unveiling of The Star Platinum Eco Poly marks a significant milestone for Borey Peng Huoth, presenting an exquisite collection of residences within the prestigious […]
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NRPC Issues Warning Against Purchasing Plots in Four Unlicensed Projects
The National Real Estate and Mortgage Regulator (NRPC) has issued a cautionary notice advising residents to exercise caution when engaging in the sale, purchase, or lease of land in four unlicensed projects located in Prey Veng and Kandal provinces. The announcement was made by the regulator on 11 March 2024. The unlicensed land development projects, […]
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The 9th PropertyGuru Cambodia Property Awards begin search for the kingdom’s finest real estate
DISTINGUISHED AWARDS PROGRAMME IS NOW OPEN TO ENTRIES AMID ECONOMIC RESURGENCE AND TOURISM GROWTH PHNOM PENH, Cambodia — The 2024 PropertyGuru Cambodia Property Awards is now inviting entries for the grandest celebration of the kingdom’s finest real estate. The 9th Annual PropertyGuru Cambodia Property Awards, supported by CBRE Cambodia, will be celebrated Friday, 26 July […]
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Surge in Chinese Tourists Boosts Angkor’s Tourism Sector, 140% Increase from 2023
In a remarkable uptick, the number of Chinese tourists flocking to Angkor Wat witnessed a staggering 140% increase during the initial two months of 2024 compared to the corresponding period in 2023. According to a report by XINHUANET on 8 March 2024, a total of 16,074 Chinese visitors explored the historic site, marking a substantial […]
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New Ashton Asoke Condominium Worth US$168m Faces Demolition by Thai Supreme Court
The Ashton Asoke condominium, a 6-billion-baht (US$168 million) project located in Bangkok’s Watthana district, is on the brink of demolition following a Supreme Administrative Court ruling, according to Aseannow dated 8 March 2024. The court’s decision, issued in July last year, invalidated the building permit due to the insufficient width of the main entrance, a […]
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Cambodia & Vietnam Forge Business Council for Seamless Cross-Border Trade
In a groundbreaking move towards bolstering economic ties, the Cambodian Chamber of Commerce (CCC) and the Cambodia-Vietnam Business Council (CVBA) have unveiled plans to establish the Cambodia-Vietnam Business Council. This strategic initiative announced through the official Facebook page of the CCC on 8 March 2024, is poised to play a pivotal role in addressing challenges […]
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Angkor Ticket Sales Surge, Raking in Over US$11m, 52% Increase, in First Two Months of 2024
In a remarkable achievement, Cambodia has witnessed a substantial increase in revenue from Angkor ticket sales during the initial two months of 2024, totalling an impressive US$11,234,675. The report, released by the Angkor Institute on 1 March 2024, reveals a remarkable surge of 52.09% compared to the corresponding period in 2023. During February 2024 alone, […]
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Australia Commits US$262 Million to Boost ASEAN Maritime and Development Initiatives
In a significant move to strengthen development and security in Southeast Asia, Australia has announced an infusion of an additional US$262.5 million into its programs in the region. This financial commitment was unveiled by Foreign Minister Penny Wong at the outset of the ASEAN-Australia Special Summit held in Melbourne on Monday, 4 March 2024, according […]
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Cambodia-Thailand Partnership to Prevent Wildfires, Take Another Step After Setting Up “Joint-Emergency Hotline”
In a groundbreaking development, Thailand and Cambodia have embarked on a collaborative venture to establish a special working group dedicated to wildfire prevention, marking a significant step towards enhanced disaster management. This initiative comes in response to the recent identification of multiple wildfire hotspots within Cambodia, underscoring the urgent need for concerted efforts in tackling […]
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Cambodia-US Trade Volume Surges to US$626m, Nearly 8% Increase, in January 2024
In a significant leap forward for bilateral trade relations, Cambodia and the United States witnessed a 7.74% increase in their trade volume, reaching an impressive US$626 million in January 2024, up from US$581 million in the same month the previous year. This notable growth was highlighted by HE Buon Sarak Mony, Secretary of State of […]
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