Property Focus
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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Cambodian Gov’t Allocates US$1.359bn in Subsidies to Support 700,000 Vulnerable Families
The Cambodian government allocated US$1.359 billion to support approximately 700,000 poor and vulnerable families, benefiting a total of 2.8 million individuals. This major financial commitment was highlighted during the 12th meeting of the National Council for Social Protection at the end of July 2024. The cash assistance program spanned 46 months, including a full implementation […]
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Cambodia to Propose Seven Major Sites for World Heritage Status
Cambodia is set to propose seven major sites for inclusion on the World Heritage List, as announced by Dr Chhum Meng Hong, Acting Secretary General of the National Commission for UNESCO Cambodia, and Acting Chairman of the World Heritage Committee of Cambodia recently. The sites include Tuol Sleng Museum, Phnom Da, Angkor Borei, Banteay Chhmar, […]
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Indonesia Attracts US$123 Million in One Year with Golden Visa Strategy
Indonesia’s new “golden visa” policy has successfully attracted US$123 million in foreign investment within its first year. This initiative launched to entice foreign investors and businessmen to stay in the country for five to 10 years, has already issued nearly 300 permits since its pilot in August last year. The government aims to reach 1,000 […]
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Asia Real Estate Investments Drop 13% Amid Delayed Rate Cuts & Market Repricing
The recent decline in real estate investments across the Asia Pacific can be attributed to several factors, including delayed interest rate cuts and economic volatility. The US$22.9 billion investment volume in Q2 2024 marks a significant retreat as investors await clearer signals from central banks regarding monetary policy adjustments. This wait-and-see approach has tempered investment […]
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