Property Focus
China-Cambodia Satellite Collaboration Enhances Protected Area Management
China’s Siwei Surveying and Mapping Technology Co., Ltd is poised to forge a groundbreaking partnership with Cambodia’s Ministry of Environment (MoE), aiming to revolutionise the management, conservation, and protection of protected areas and forests through satellite technology. This significant development emerged from a productive meeting between Dr Eang Sophalleth, Minister of Environment, and Mr Zhang […]
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SSEZ Records 38% Surge in Trade Volume, Reaching US$628m in Two Months
In a remarkable surge of economic activity, the Sihanoukville Special Economic Zone (SSEZ) has reported a staggering trade volume of US$628 million in the first two months of 2024, marking a significant 38.3% increase compared to the corresponding period last year. This notable achievement underscores the SSEZ’s pivotal role as a thriving hub for international […]
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France Urges Preservation of Ancient Iron Ore Site in Preah Vihear Province
In a significant move to safeguard Cambodia’s historical legacy, experts from the French Institute of the Far East have called upon the Ministry of Culture and Fine Arts to preserve an ancient iron ore site discovered in Chep district, Preah Vihear province. HE Dr Pheung Sakona, Minister of Culture and Fine Arts, revealed this development […]
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China’s Minister of Housing: No Bailouts for Struggling Developers, Some Property Developers Can Go Bankrupt If Necessary
In a pivotal move to address the enduring crisis in China’s real estate sector, the government has unequivocally rejected the rescue of financially beleaguered property developers, emphasising the adherence to market laws and principles. The announcement, reported by NBC New York on 11 March 2024, underscores China’s commitment to rectifying the real estate market’s dysfunction […]
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MoE’s Swift Action: 3,942 Hectares Seized in Pursat Crackdown
In a decisive move to combat natural resource crimes, the Ministry of Environment (MOE) led a five-day operation resulting in the confiscation of 3,942.73 hectares of land in Pursat province. The crackdown, conducted from 13 to 17 March 2024, marks a significant stride in curbing illicit activities impacting the region’s environmental integrity, as reported by […]
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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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