Property Focus
Escape the City Chaos: Borey Peng Huoth’s Star Mega Garden Offers Nature-Connected Living in Phnom Penh
Tired of traffic jams and the toxic fumes of city life? Experience the perfect blend of modern living and natural beauty at Borey Peng Huoth’s The Star Mega Garden, where your dream home awaits. Borey Peng Huoth’s The Star Mega Garden project, located along NR No.2 (50 metre road) in Sangkat Cheung Ek, Khan Dangkor, […]
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MLMUPC Distributes Over 9,000 Land Titles in Svay Rieng Amid Efforts to Register Nearly 200k Remaining Plots
The Ministry of Land Management, Urban Planning and Construction (MLMUPC), in collaboration with the Svay Rieng Provincial Administration, has distributed 9,349 land titles to residents in seven villages in Romeas Hek district, Svay Rieng province. Despite this progress, nearly 200,000 land plots in the province remain unregistered. This announcement was made during a ceremony attended […]
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Real Estate Regulator Warns of Legal Action Against Two Companies Evading Fines
The Real Estate Business & Pawnshop Regulator has issued a stern warning to two real estate companies, threatening legal action if they continue to evade fines for operating without a license. The regulator announced on 28 May 2024 that Chuan Yuan L (Cambodia) Development Co., Ltd., responsible for the Jovan City project in Sangkat Bak […]
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Beijing Invests US$42bn to Revive Struggling Real Estate Sector, but Analysts Warn Insufficient
In a bold move to stabilise the struggling property market, the People’s Bank of China (PBOC) is establishing a nationwide program offering a staggering 300 billion yuan (US$41.5 billion) in loans, as reported by CNN, 17 May 2024. Industry experts estimate this initial injection could ultimately translate into 500 billion yuan (US$69 billion) worth of […]
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Kampong Speu Authorities Seize Over 57 Hectares of Forest Land in Oral District
Kampong Speu provincial authorities have confiscated more than 57 hectares of forest land in the Oral Mountain Wildlife Sanctuary, marking a significant move against illegal land grabbing. This decision is part of a broader effort in 2024, during which over 1,400 hectares of forest land have been reclaimed as state property. The order was issued […]
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AMRO Forecasts Cambodia’s Economy to Grow 5.6% in 2024 and 5.9% by 2025
The ASEAN + 3 Macroeconomic Research Office (AMRO) recently released a positive outlook for Cambodia’s economy, predicting a growth rate of 5.6% in 2024 and 5.9% in 2025. This upward trend signifies a significant improvement compared to the 5% growth recorded in 2023, according to AMRO press release on 23 May 2024. Garment Sector & […]
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Japan’s Exports Surge in Value 8.3%, Led by Autos and Chips, Despite Volume Decline 3.2%
Japan’s export value surged by 8.3% to reach 8.9 trillion yen (US$57 billion) in late April, marking the fifth straight month of growth, according to official data released by the Japanese Ministry of Finance on Wednesday. However, export volume saw a decline of 3.2% compared to the previous year, as reported by NikkeiAsia on 11 […]
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Chip Mong 271 Mega Mall Unveils MEGA Amazing: Shop, Save, Win a Luxury Car or Dream Vacation!
Chip Mong 271 Mega Mall celebrated its grand opening with an unprecedented Mega Amazing program, including the presentation of a brand-new Mitsubishi car to one lucky customer—a prize no other supermarket has ever offered. The event on May 26 2024 marked the conclusion of the Mega Celebration promotion and was attended by top leaders of […]
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Australia plans to turn corn waste into Biomass for improvement of agricultural land in Siem Reap
Australia’s Agribusiness Asian Group (AAG) plans to process agricultural waste from its corn crop (corn stover) into biomass to store carbon for 1,000 years. This initiative is part of the inauguration of a 1,000-hectare crop farm in Siem Reap Province. The decision was made during a meeting between Mr. Prak David, Secretary of State of […]
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La Arng Spean Prehistoric Site to Become New Tourist Attraction in Battambang
Plans to transform the ancient La Arng Spean prehistoric site in Battambang province into a new tourist destination are underway, aiming to highlight the site’s historical significance dating back over 70,000 years. This development was announced by the Ministry of Tourism in collaboration with the Battambang Provincial Department of Tourism on 20 May 2024. Mr. […]
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