Property Focus
Kampong Speu Strides Towards Land Harmony: Nearly 1,000 Villages Registered, Completing Vision 2025
The Kampong Speu Provincial Administration, in collaboration with a dedicated working group, has achieved the systematic registration of land in 998 villages across 64 communes/Sangkat in nine cities and districts. The comprehensive effort encompasses 579,764 plots, with 522,637 plots successfully entered, 571,441 plots mapped, and 426,583 letters officially signed as of 8 January 2024. A […]
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Borey Peng Huoth launch another new project to welcome the new year
As soon as the new year page opened, Borey Peng Huoth Company announced the pre-sale of another new project called The Star Platinum Eco Poly, which will be officially launched soon. Please Visit the Video Here The Star Platinum Eco Poly project was launched on January 1, 2024, and over the past ten days, many […]
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CBRE Suggests Strategies for Cambodia’s Tourism: Navigating Recovery and Charting a New Horizon
In the wake of the global upheaval caused by the COVID-19 pandemic, Cambodia’s tourism sector emerges as a beacon of recovery, though challenges linger on the path to regaining pre-pandemic glory. In 2019, Cambodia witnessed a bustling 6.5 million international tourists. The pandemic cast a shadow in 2020, plummeting arrivals to a mere 1 million. […]
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Strategic Realignment: CBRE Cambodia Director Urges Developers to Reshape Approach for 2024
Marc Townsend, CEO of CBRE Cambodia, delivered a thought-provoking message at the “Fearless Forecast 2024” workshop, challenging real estate developers to shift their focus from new projects to optimising existing inventory. Speaking at the Oakwood Premier Hotel in Phnom Penh, Townsend emphasised the need for a strategic reorganisation of products and services to align with […]
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Global Hospitality Firm, Banyan Group, Sets Ambitious 2024 Entry into to Cambodian Market
Banyan Group, a hospitality juggernaut managing 12 global brands, has unveiled its monumental expansion plans for 2024, reinforcing its commitment to diverse and unparalleled luxury experiences across 22 countries, according to Travelbizmonitor on 13 January 2024. In an audacious move, Banyan Group is set to introduce 19 new properties and residences in Cambodia, China, Japan, […]
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Crafting Cambodia’s Real Estate Legacy: A Time to Build & Uphold Reputations
In the dynamic landscape of Cambodia’s real estate, developers are presented with a pivotal moment – a juncture where reputations can be forged or lost for generations to come. The ongoing market fluctuations, characterised by unchanged prices and a substantial 40% drop in secondary sale values, provide a unique opportunity for strategic decision-making, according to […]
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Gov’t Initiates Stringent Crackdown on Large-Scale Illegal Gold Mining in Memot District, Tbong Khmum Province
The Ministry of Mines and Energy (MME) has launched a renewed crackdown on large-scale illegal gold mining operations located in Sampov Loun village, Choam Tamao commune, Memot district, Tbong Khmum province. The ministry’s proactive stance was communicated through an official press release on 10 January 2024. This decisive campaign follows previous crackdowns in September 2021 […]
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UN Predicts Global Economy Down to 2.4% in 2024, Inflation Rises to Above 10% for Developing Countries
In a pivotal economic report, the United Nations projects a slowdown in global economic growth to 2.4% by 2024, down from the estimated 2.7% in 2023, underscoring challenges surpassing earlier expectations. Both figures remain below the pre-pandemic 3% growth rate prevalent before the 19-year epidemic in 2020, according to VOA on 9 January 2024. The […]
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Cambodia’s Coastal Wealth: Minister of Land Envisions $2 Billion Annual Contribution
In a visionary statement, His Excellency Say Sam Al, Deputy Prime Minister and Minister of Land Management, Urban Planning, and Construction (MLMUPC), revealed the immense economic potential of the Cambodian Sea, projecting a substantial annual contribution of approximately US$2 billion to the nation. The declaration came during a pivotal meeting on 8 January 2024, convened […]
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Cambodia Airways Elevates Connectivity with Launch of Phnom Penh-Chongqing Flights
In a strategic move to enhance trade links with China and bolster tourism, Cambodia Airways inaugurated direct flights from Phnom Penh to Chongqing on 6 January. The twice-weekly round-trip flights, operational on Mondays and Saturdays, aim to fortify ties between Cambodia and China, especially in the aftermath of the global crisis, according to Tin Media […]
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