Property Focus
Street Vendors in Kep Given 10 days to Demolish Disorganised Stalls, or Face Fine
The Kep City Administration has ordered all vendors to demolish their disorganized stalls along Kep’s streets before 15 October 2022 or face legal action. Kep City Governor Kheng Yuan said on 4 October that vendors and authorities have met and reached an agreement. Vendors are allowed to sell and temporarily build their stalls only during […]
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New Chip Mong 271 Mega Mall Attracts Young & Modern Shoppers
The newly-opened Chip Mong 271 Mega Mall has been attracting plenty of shoppers especially young generations as they enjoy finding and shopping multiple famous brands. 20 influencers with tens of thousands of followers on social media also came to visit and enjoy the unique atmosphere in Chip Mong 271 Mega Mall. Want to learn more […]
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Gov’t Enforces New Guideline for Small-Scale Ecotourism Projects in Two Protected Zones
The Ministry of Environment (MoE) and related partners have announced the implementation of guidelines for small-scale ecotourism development projects with an area of fewer than 10 hectares in two protected zone—protected forests and biodiversity corridors. MoE Secretary of State HE Rath Virak said on 3 October that the technical guidelines are necessary to effectively manage […]
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US$17m Development Project Approved on Koh Tbal in Kep Province
The Council for the Development of Cambodia (CDC) has given a permit to TRY PHEAP KOH TUNSAY RESORTS CO., LTD to build a US$17-million development project on Koh Tbal in Kep province. The project will create 105 jobs; however, CDC did not specify the details of the project, saying it is a tourism-related project. […]
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Chinese Gov’t Asks Top Banks to Provide Over US$84 billion to Rescue Real Estate Sector
China’s financial regulators have asked its six largest banks to provide 600 billion yuan (US$84.32 billion) of financial support in any form including mortgages, loans to developers, and purchases of their bonds, to help recover the real estate sector. Bloomberg News reported on 30 September that this is the latest scheme after a series of […]
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China’s Property Investment Down 7.4% Y-o-Y During First 8 Months of 2022
China’s investment property investment dropped by 7.4% y-o-y in the first eight months of 2022, a further decrease of 1% in the first seven months, reported Xinhua. According to the National Bureau of Statistics (NBS) report, the total property investment in this period was 9.08 trillion yuan (US$1.31 trillion). Investment in residential buildings shares were […]
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JLL Forecasts Asia’s Hospitality Investment in 2022 to Rise by 80%
Hotel investment in the Asia Pacific will continue to recover in Q4 of 2022 and into 2023 with more investors pouring their capital into the sector at the highest levels since the COVID-19 pandemic, According to JLL’s Hotels & Hospitality Group’s Global Hotel Investor Sentiment Survey, global hotel investment is projected to rise by 80% […]
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ISI imports new JIS steel, vowing to contribute to Cambodia’s construction sector modernization
Cambodia’s leading and largest steel processing and distribution company, ISI Steel, recently imported a new type of steel known as ISI DEBA), which is manufactured under a Japanese Industrial Standard (JIS). The ISI DEBAR is globally recognized for its high quality and durability with SD295 and SD390 strength levels. The continuous import and production of […]
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PropNex Cambodia’s Grand Opening
On 23rd September 2022, PropNex Cambodia, a part of Singapore’s Number One Largest Listed Real Estate Agency, held its Grand Opening at Raffles Hotel Le Royal, Phnom Penh, Cambodia. With the belief in adding value and providing the best service, PropNex – led by a management team of visionaries has since been nurturing a group […]
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Thais Citizens of Border Provinces Can Visit Angkor Wat Without Passports
The Cambodian government plans to allow Thais living in border provinces to visit Siem Reap and Angkor Wat without passports, while an inter-ministerial commission is preparing the detailed procedure. Minister of Tourism HE Thong Khon unveiled this project during the meeting on 19 September, emphasizing this scheme is to boost tourism sectors. If this scheme […]
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