Property Focus
PM Cancels All Development Permits in Phnom Tamao
Cambodian Prime Minister Samdech Hun Sen has cancelled all the controversial development projects in Phnom Tamao Zoological Park and Wildlife Rescue Centre (PTWRC). The cancellation order was issued after there are many requests from the people to the government to protect the forest nearby the centre. (Read more) The order message was published on PM’s […]
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19 of 36 Islands in Sihanoukville Under Private Development
19 of 36 islands in Sihanoukville are under development by over 23 private companies, according to the latest official record published on 03 August. 4 out of 5 islands in Sihanouk city are being developed by four companies, while nine islands of 19 islands in Koh Rong city are being invested in by seven companies. […]
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Renaissance Refines Over 3,500 kg of Gold as of June 2022
As of June 2022, Renaissance Mineral (Cambodia) had refined a total of 3,543 kg of gold ore from its licensed mining zone in Mondulkiri province, according to Ministry of Economy and Finance Spokesman HE Meas Sok Sen San on 05 August. Under this operation, Cambodia expects to produce 3 tons of gold per year for […]
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Agriculture Ministry: Phnom Tamao Development Safe to Wildlife & Not for Private Benefit
The Ministry of Agriculture, Forestry and Fisheries (MAFF) has rejected all accusations over the Phnom Tamao land development, clarifying that the development is outside the wildlife sanctuary zone, and does not cause negative impacts on the environment, and most importantly is not a private business transaction. According to the announcement on 04 August, the purpose […]
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PM Hun Sen: No More Internet Service Provider Monopoly in Boreys
Cambodian Prime Minister Samdech Hun Sen has ordered to put an end to internet service provider monology in Boreys and revoke all the previous exclusive signed by related parties. The statement of PM Hun Sen was repeated by Minister of Posts and Telecommunications HE Chea Vandeth in a press conference on 4 August. “Deal to […]
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Naga Corp Earns Net Profit of US$52 million in H1 2022
Hong Kong-listed NagaCorp Ltd, the operator of the casino resort monopoly in Phnom Penh, earned a total profit of US$52 million in the first half of 2022. The figures were mentioned in a filing dated 18 July to the Hong Kong Stock Exchange. The profit of US$52 million is a major increase compared to a […]
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62% of AmCham Survey Say Buying Real Estate in Cambodia a Good Investment
Over 62% of respondents of the recent Real Estate & Construction Survey conducted by AmCham Cambodia have said that buying property in Cambodia now is a good investment as the market has started to see an increase in international investors. According to the Khmer Times, the survey was drawn from 517 respondents in different segments […]
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Will Cambodian real estate sector follow China’s path in the next 10 years?
Not only Evergrande, under the Three Red Lines policy, many other Chinese overindebted developers such as Shimao and Sunac have also missed debt repayment deadlines. Some foreign analysts claimed that the underlying causes of this crisis are the incontrollable overheated market which led to overindebtedness, overreliance on construction as a failsafe to economic downturns and […]
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Evergrande’s Headquarter on Tender to Settle Its Crippling Debt
The China Evergrande Group is calling for buyers to buy its US$1.7 billion Hong Kong headquarters, according to Nikkei Asia on 28 July 2022. CK Asset Holdings, founded by Hong Kong billionaire Li Ka-shing, has made a tender on China Evergrande Centre for US$1.7 billion, of which the price once has been on sale last […]
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Asia’s Richest Woman Loses Half Her Wealth in China Property Crisis
Asia’s wealthiest woman lost more than half her fortune over the past year as China’s real estate sector was rocked by a cash crunch, a billionaire index showed on Thursday 28 July. Yang Huiyan is a Chinese-born billionaire businesswoman and property developer. She is the majority shareholder of Country Garden Holdings, a stake largely transferred […]
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