Property Focus
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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ASEAN-China Trade Surpasses US$500bn in First Seven Months of 2024
In the first seven months of 2024, trade between ASEAN and China surged to an impressive 3.92 trillion yuan (US$546.6 billion), marking a 10.5 % year-on-year increase, according to statistics from the Chinese Customs Administration released by Cambodia’s Ministry of Information on 9 August 2024. This remarkable growth underscores the deepening economic ties between the […]
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Cambodian Cement Production Surges to Over 4m Tons in First Half of 2024
Cambodia’s cement industry achieved a significant milestone in the first half of 2024, with local factories producing an impressive 4.17 million tons of cement. This represents a 5.5% increase compared to the 3.95 million tons produced during the same period last year, as reported by the Ministry of Economy and Finance. Despite a sluggish recovery […]
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Rapid Population Growth Threatens 17 Ancient Khmer Temples by 2030
A new study by foreign researchers has revealed that by 2030, 17 ancient Khmer temples in the Angkor resort area will be severely impacted by rapid population growth. This alarming prediction was shared during a consultation on the “Management of Angkor World Heritage Site” in Siem Reap, attended by nearly 800 participants and chaired by […]
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Stung Treng Authorities Crack Down on Illegal Land Occupation in Prey Lang Wildlife Sanctuary
The Stung Treng Provincial Authority has initiated decisive action to reclaim illegally occupied land within the Prey Lang Wildlife Sanctuary, a vital conservation area in Cambodia. The Stung Treng Provincial Department of Environment announced the confiscation of unlawfully held forest land in the Kiri Soksan and Anlong Chrey communities within Anlong Chrey commune, Thala Parivat […]
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Korea Commits US$3m to Preserve Tuol Sleng Museum Over Five Years
The Korea International Cooperation Agency (KOICA) has officially donated US$3 million to support the preservation of the Tuol Sleng Genocide Museum in Cambodia over the next five years. This significant contribution will fund the second phase of the “Tuol Sleng Genocide Museum Conservation and Copy Project (Phase 2),” running from 2024 to 2028. The project […]
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Cambodia & China Unveil Cultural Corridor at Siem Reap Angkor International Airport to Foster Deeper Ties
Cambodia and China have officially inaugurated a Cultural Corridor at the Siem Reap Angkor International Airport, a landmark initiative to bolster ties and enhance people-to-people exchanges between the two nations. The ceremony, which underscored the strategic importance of Siem Reap Angkor International Airport as Cambodia’s key gateway to the world, was held on 6 August […]
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LSCG Group Announces US$168m Investment to Revive Stalled Developments in Sihanoukville
LSCG Group, under the leadership of CEO Ly Sokchhay, has announced a substantial US$168 million investment to develop stalled buildings in Sihanoukville. This investment is part of a joint venture with companies from the United States and Singapore, aimed at revitalising key real estate projects in the city. The announcement follows years of strategic meetings […]
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Tbong Khmum Plants 10,000 Palm Trees Along Cambodia-Vietnam Border as a Legacy for Future Generations
In a significant environmental initiative, authorities in Tbong Khmum province, alongside residents, have planted 10,000 palm trees along the Cambodia-Vietnam border to promote environmental awareness and create a lasting legacy for future generations. This tree-planting effort, which took place on 7 August 2024 in Ponhea Krek District, was led by HE Eang Sophalleth, Minister of […]
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Exclusive 2-Day Offer: 10 Incredible Promotions on 10 New Twin Villas at Borey Peng Huoth!
Borey Peng Huoth is rolling out an exceptional Weekend Special this August, offering 10 exclusive promotions on just 10 new Model Twin Villas at Borey Peng Huoth Grand Star Platinum (Chbar Ampov). Set for 10-11 August 2024, from 9am to 7pm, this limited-time event presents a golden opportunity for homebuyers to secure unprecedented deals. During […]
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