Property Focus
New Minister of Tourism Unveils Three Bold Strategies to Attract 6.4 Million Global Visitors by 2025
A triad of strategic pillars is set to propel the nation towards its tourism zenith. The unveiling of these strategies marks a resolute stride towards welcoming 6.4 million international tourists and embracing 16.7 million national tourists by the year 2025. The confluence of ambition, strategy, and unity was revealed in a landmark meeting graced by […]
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VinFast Shares Hit US$85.5 billion, Surpassing Mercedes, Honda, Ford & Tesla
In a resounding debut on the prestigious NASDAQ stock exchange, VinFast Auto Pte Ltd. (VinFast) orchestrated a dazzling display of market prowess, propelling its market capitalization to an astounding US$85.5 billion. This remarkable achievement on the very first trading day, marks a staggering ascent from its initial valuation of US$23 billion, underscoring the profound investor […]
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Gov’t Unveils Kampot Kep Salt Community Flourishing with Over 4,000 Hectares
In a resolute step towards fostering sustainable production, diversification, and conservation, the Ministry of Industry, Science, Technology, and Innovation (MISTI) has unveiled a visionary blueprint through Prakas No. 195 MISTI / 2023, dated 16 August 2023. This landmark legislation is poised to breathe new life into the salt production landscape of Kampot and Kep, orchestrating […]
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Zombification of China Property Crisis: A Case Study of Evergrande’s Bankruptcy
Amidst the labyrinthine landscape of China’s property market, a distressing trend is emerging, encapsulated by the term ‘zombification’. This phenomenon, characterized by stalled construction projects due to insurmountable financial constraints, is casting a pall over the industry. A closer examination reveals the intricate web of challenges facing property developers, with the predicament rippling out to […]
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Phu Quoc Island’s Property Supply Outpaces Tourist Demand as 17,600 Beachfront Properties See Occupancy Rate Below 30%
Phu Quoc Island, a gem of natural beauty and tourism allure, finds itself at a real estate sector crossroads. As of June 2023, over 17,600 beachfront properties, constituting 24% of the total supply remained unsold. The languishing unsold beachfront villas, shophouses, and condotels, present a clear picture of oversupply in the market. This burgeoning supply […]
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GDT Achieves Strong Revenue Collection of US$2.3B in First Seven Months of 2023
The General Department of Taxation (GDT) has marked an impressive milestone in revenue collection for the first seven months of 2023. With approximately US$2,312.95 million collected through the innovative online revenue data management system, the GDT has achieved 64.76% of the Law on Financial Management for 2023. This accomplishment, however, reflects a 21.12% decrease compared […]
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Chinese Real Estate Turmoil: Private Companies Show Declines as State-Backed Shares Rise
China’s property sector experienced a tumultuous start to the week as prominent developer Country Garden Holdings plummeted to a record low, triggering a chain reaction of declining property shares. The crisis unfolded on Monday 14 August, causing Country Garden’s stock to nosedive by 18.4% to HKD 0.80, echoing the company’s weekend announcement of suspending trading […]
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The 8th PropertyGuru Cambodia Property Awards celebrate success in the real estate market
OCIC GROUP AND SIHA PROPERTY CO., LTD LEAD THE LIST OF AWARD WINNERS AT THE GALA PRESENTATION PHNOM PENH, Cambodia — PropertyGuru Group (NYSE: PGRU), Southeast Asia’s leading property technology company, announced today the winners of the 8th Annual PropertyGuru Cambodia Property Awards, supported by sponsors CBRE Cambodia, Dewan Architects and Engineers, and SALTO Systems. […]
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Nature’s Guardian: APSARA Authority Plants 2 Million Trees to Shield Angkor’s Timeless Marvel
In a harmonious interplay between heritage and nature, a resolute effort by the APSARA Authority has yielded an awe-inspiring outcome. Over the course of two decades, the revered Angkor region has witnessed the nurturing touch of nature through the planting of an astounding 2 million trees. This pivotal ecological undertaking, unveiled on August 16, 2023, […]
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Battambang Authority Embarks on Creating a Phnom Sampov Premier Historical Resort
Battambang Provincial Administration is on the cusp of a visionary undertaking that seeks to transform the revered Phnom Sampov historical site into a model destination for history enthusiasts and travelers alike. The Ministry of Tourism’s announcement on 15 August 2023, sheds light on the province’s steadfast commitment to enhancing its historical heritage. Embedded within Battambang’s […]
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