Property Focus
Gov’t Waives Penalties for Expired Tour Guide Licenses to Boost Tourism Sector
The Cambodian government has announced it will waive all transitional penalties for tour guides and translators whose licenses have expired, extending this exemption until 31 December 2024. This measure, introduced to alleviate the compliance burden and encourage license renewals, was confirmed by the Ministry of Tourism on 23 August 2024. The ministry’s announcement aims to […]
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Cambodia Unveils Land Grant Program to Empower the Poor & Protect Forests
The Cambodian government has announced a new initiative, the Land Grant-Protection Program for Sustainable Development, which aims to provide social land concessions to impoverished Cambodians to curb deforestation and illegal encroachment on state land. Prime Minister Hun Manet outlined the program’s objectives during a special statement on the one-year achievements of the Royal Government of […]
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South Korea & Japan Lead Indo-Pacific Supply Chain Crisis Response Initiative
In a significant move to safeguard the Indo-Pacific region’s supply chains, South Korea and Japan have taken the lead in establishing a crisis response network under the Indo-Pacific Economic Framework (IPEF). Announced by the South Korean government on 20 August, this network aims to ensure that member nations maintain access to vital supplies during emergencies, […]
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AI Revolutionises Real Estate: Navigating the Transformation & Mitigating Risks
Artificial Intelligence (AI) is rapidly transforming the real estate industry, introducing both unprecedented opportunities and significant risks. From reshaping marketing strategies to streamlining underwriting processes, AI is revolutionising every aspect of real estate—commercial, industrial, residential, and beyond. This critical transformation was discussed in detail by experts Peter D. Ballance, Jared Wachtler, and James Gatto published […]
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Cambodia Emerges as World’s Second-Largest Producer of Cashew Nuts with Over 830,000 Tons Harvested
Cambodia has established itself as the world’s second-largest producer of cashew nuts, surpassing India and now trailing only Côte d’Ivoire. In the first seven months of 2024, Cambodia harvested over 830,000 tons of cashew nuts, with more than 780,000 tons exported to Vietnam, generating over USD 1 billion in revenue. This milestone, reported by the […]
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Kep Becomes First province Achieving 100% Land Registration, Set to Distribute Remaining 10,000 Titles by Year-End
Kep province has become the first in Cambodia to complete 100% of its land registration, with authorities pledging to distribute the remaining 10,000 land titles by the end of 2024. The Kep Provincial Department of Land Management, Urban Planning, Construction, and Cadastral Affairs, led by Director Soth Puthimanin, reported that over 50,000 land plots have […]
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Cambodia-Vietnam Trade Volume Surges to US$4.6bn in First Seven Months of 2024
In a significant boost to bilateral trade, Cambodia and Vietnam recorded a trade volume of US$4.6 billion between January and July 2024, reflecting a 23.5% increase compared to the same period last year. This data was revealed by the General Department of Customs and Excise of Cambodia on 16 August 2024. Cambodia’s exports to Vietnam […]
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Cambodia’s Trade Volume Surges to Over US$31bn in First Seven Months of 2024, Reflecting 15% Growth
In the first seven months of 2024, Cambodia’s international trade volume soared past US$31 billion, reflecting a robust 15% growth compared to the same period in 2023. This significant increase underscores the nation’s expanding trade activities, as currently highlighted by the General Department of Customs and Excise of the Ministry of Economy and Finance. During […]
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India Secures Fifth Spot in Asia Pacific Real Estate with US$3bn in Cross-Border Investments
India has emerged as the fifth largest recipient of cross-border real estate investments in the Asia Pacific region, attracting US$3 billion in the first half of 2024. This substantial inflow of global capital, constituting 9% of the region’s total investment volume, underscores India’s growing prominence in the international real estate market, according to Businesstoday, published […]
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Foreign Investors Turn Cautious as China’s Real Estate Market Faces Challenges
Amid growing uncertainty in China’s real estate market, foreign investors are becoming increasingly selective, with many shying away from commercial properties, according to Asia.nikkei dated 05 August 2024. In the first half of 2024, cross-border deals in China’s commercial real estate sector dropped by 13% year-on-year, totalling US$3.3 billion. This downturn reflects broader concerns about […]
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